EagleRJO Posted July 10, 2022 Share Posted July 10, 2022 I was curious if anyone has come across or used the services of CoinAppraisers.com, a site that apparently is associated with the NY currency auction company Sack's Bowers Galleries in NY near where I live. Looks like if you arrange to send them coins, they will submit them to NGC or PCSG for you at no extra charge, with their volume grading discounts and faster turn-around times. I'm just thinking what's the catch? Maybe because they buy and sell coins at auction for a living it gives them a crack at possibly buying the coins from you. Any thoughts? GoldFinger1969 1 Link to comment Share on other sites More sharing options...
RWB Posted July 10, 2022 Share Posted July 10, 2022 It's a way to increase the volume of "new" coins they can examine and cherry pick ones they can sell quickly -- much like CAC. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
Oldhoopster Posted July 10, 2022 Share Posted July 10, 2022 As @RWB said, it's a way for them to get a look at potential material for their auctions. They may also be hoping that it flushes out some older collections (i.e., fresh material) that may never have seen the inside of a TPG. If you think the total fees are reasonable compared to doing It yourself or using a local dealer, and don't mind a potential consignment sales pitch if you have decent stuff, I don't see any significant concerns going through them GoldFinger1969 1 Link to comment Share on other sites More sharing options...
RWB Posted July 10, 2022 Share Posted July 10, 2022 Think of it as a "time share" experience for your coins.... EagleRJO and GoldFinger1969 1 1 Link to comment Share on other sites More sharing options...
EagleRJO Posted July 10, 2022 Author Share Posted July 10, 2022 I don't have any really rare or valuable coins yet, but I have some that could be in the $500 to $1,000 range if they grade out favorably, so I might give it a shot using them and see how hard they hit me with sales pitches ... And I have heard that a potential $400 to $500 value is where you start looking at the extra cost for grading out raw coins. Link to comment Share on other sites More sharing options...
RWB Posted July 11, 2022 Share Posted July 11, 2022 If you can get to a larger coin show, some dealers will give you an estimate of condition face-to-face....free. Link to comment Share on other sites More sharing options...
EagleRJO Posted July 11, 2022 Author Share Posted July 11, 2022 I live on Long Island not too far outside of NY City. I don't see any upcoming large coin shows, just a local monthly one I might check out anyway. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
RWB Posted July 11, 2022 Share Posted July 11, 2022 Some dealers who routinely submit coins to PCGS, ANACS and NGC will pre-screen coins to avoid wasted fees and give the owner an idea of what condition to expect. That might be more efficient than an "assistance service." JT2 1 Link to comment Share on other sites More sharing options...
Nutmeg Coin Posted July 12, 2022 Share Posted July 12, 2022 Great Collections has a much better deal on grading/selling imo. But most coins need to be reviewed before submitting for issues. And you don't want a coin you think of as a gem coming back as AU58 or worse. Link to comment Share on other sites More sharing options...
RWB Posted July 13, 2022 Share Posted July 13, 2022 On 7/12/2022 at 5:14 PM, Nutmeg Coin said: And you don't want a coin you think of as a gem coming back as AU58 or worse. Actually, I think that's one of the better honest outcomes. Better to know now than find out later. Link to comment Share on other sites More sharing options...
