How to Grade Your Coin
If you’re looking to get your coin professionally graded, you’ve come to the right place. Bellport Jewelers is here to provide you with some valuable information on how to go about grading your coin. But why go through the trouble of grading it yourself when you can rely on our expertise and stature with professional grading services? We can take care of the process for you, ensuring that your coin is in safe hands.
Choosing a Reputable Coin Grading Company
The first step in getting your coin graded is to choose a reputable coin grading company. Two well-known and trusted options are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). These companies have established themselves as leaders in the industry and are known for their expertise and accuracy in grading coins.
Packaging and Shipping Your Coin
Once you’ve selected a grading company, it’s important to package your coin securely to prevent any damage during transit. Use a protective holder or capsule to ensure that your coin is well-protected. Additionally, make sure to fill out the submission form provided by the grading service, providing all the necessary information about your coin. If you have any relevant documentation or provenance, be sure to include that as well.
When it comes to shipping your coin, opt for a secure and insured shipping method. Tracking the shipment is crucial, and insuring it for its estimated value will give you peace of mind. You want to ensure that your coin arrives safely at the grading company’s facility.
The Grading Process
Once the grading company receives your coin, their team of expert numismatists will carefully examine it under controlled conditions. They will assess factors such as the coin’s condition, authenticity, and any potential issues like cleaning or damage. The grading will be done based on the Sheldon Scale, which ranges from Poor (P-1) to Perfect Mint State (MS-70) for most coins.
Certification and Return
After the grading process is complete, your coin will be encapsulated in a protective holder. A certification label will be affixed to the holder, providing details about the coin’s grade and any special designations it may have, such as Proof or First Strike. The graded coin will then be returned to you, along with a certification and a unique serial number for future reference.
The Benefits of Professional Coin Grading
Getting your coin professionally graded offers several benefits. First and foremost, it provides authentication, ensuring that your coin is genuine and not a counterfeit. Additionally, the encapsulation and certification add a layer of protection, preventing any further damage to the coin. Lastly, a professionally graded coin often commands a higher market value, making it more desirable to serious collectors and investors.
So, why go through the hassle of grading your coin yourself when you can rely on the expertise and stature of Bellport Jewelers? Visit our shop today and let us take care of the grading process for you.
Frequently Asked Questions
Q: Can I grade my coin myself?
A: While it is possible to grade your coin yourself, it is generally recommended to rely on professional grading services for accurate and unbiased assessments.
Q: How long does the grading process take?
A: The grading process can vary depending on the grading company and their current workload. It is best to check with the company for an estimated turnaround time.
Q: Will getting my coin graded increase its value?
A: In many cases, getting a coin professionally graded can increase its market value. However, the extent of the increase will depend on factors such as the coin’s rarity, condition, and demand among collectors.
Q: Can I sell a graded coin more easily?
A: Yes, having a professionally graded coin can make it easier to sell, as it provides potential buyers with assurance of the coin’s authenticity and condition.
Q: Are there any risks involved in shipping my coin for grading?
A: While shipping your coin for grading does come with some inherent risks, choosing a secure and insured shipping method can help mitigate those risks. It’s important to track the shipment and insure it for its estimated value to ensure its safety.
Q: Can I get my coin re-graded if I’m not satisfied with the initial grade?
A: Yes, most grading companies offer a re-grade service if you are not satisfied with the initial grade assigned to your coin. However, it’s important to note that there may be additional fees associated with this service.