COIN COLLECTING: Grading Services (PART 5 OF 6)

(Don’t have time to read this article right now? Jump to the bottom and add to Pocket an Iphone/Android app that reads articles to you. Click here to jump to the bottom.)

I’m also kind of cheating and reblogging a post from Crazee Coins on Facebook. Do feel free to read them all on their Facebook wall. Do feel free to read them all on their Facebook wall or on their blog: COIN COLLECTING PART 5/5 (Coin grading services). Crazee Coins is located in 92 Denis Hurley Street, 4001 Durban, KwaZulu-Natal.

In 2010, Crazee Coins was established to bring you high-quality collector’s coins in a range of designs. We have been building our reserves from past to present and beyond. (Krugerrands, ZAR Coins, Mandela Coins, Union Coins, Republic of South Africa Coins, with a wide variety of mint coins) Our coins are only graded by world renowned grading company NGC & PCGS based in America which is the preferred choice by coin collectors across the globe. Crazee Coins is run by two enthusiastic coin collectors Cuzz & Smiley who will endeavor to find the coin that best suits you.

Coin grading services are a relatively recent phenomenon, having emerged in the 1980s as a response to the need for buyers and sellers to agree on common measures of a coin’s value.Such services are an effort to bring more confidence to investors in rare coins under the guise of being “official.” Grading services certify the authenticity and rate the quality of individual coins, thus—it is hoped—establishing the worth of the coin relative to all others of its kind. Many coin grading services will also seal coins in a labeled, air-tight plastic holder, ensuring the coin is protected from deterioration. This process is commonly known as coin slabbing .The two most prominent grading services at present are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS).

* (Affordable Coin Shop) I do want to add that (ANACS) American Numismatic Association Coin Services is one of the oldest grading services out there and is one of the top three preferred grading companies. Although all 3 are professional graders, collectors often forget they are paying for an opinion. There is a new kid on the block called (CAC) Certified Acceptance Corporation. Certified Acceptance Corporation. CAC is like the double checker of the coin grading services.

* (Affordable Coin Shop) I also wanted to add that NGC is also part of The Certified Collectibles Group (CCG). CCG consists of five of the world’s leading collectible coin, paper money and comic book service companies: Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC) and Classic Collectible Services (CCS).

While professional grading has reduced the number of counterfeits foisted upon investors and has improved buyer confidence substantially, the goal of creating a sight-unseen market for coins remains somewhat elusive. Professional grading services remain the subject of controversy because grading is ultimately subjective; coins may receive different grades by different services or even upon re-submission to the same service. In addition, the numeric grade alone cannot represent other factors, such as toning, which are often important considerations to buyers.

You can also follow Crazee Coins on Twitter.
The Mysterious World of Coin Collecting
Coin Collecting: History (Part 1 of 6)
Coin Collecting: Motivations For Coin Collecting (Part 2 of 6)
Coin Collecting: Collector Types (Part 3 of 6)
Coin Collecting: Coin Condition & Value (Part 4 of 6)

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