How do you have a coin certified?

[Kim-migration]

I am new to coin collecting, I have 2 1986 American Eagle $50.00 Gold Coins, I received them as a gift, they are encased and what seems to be in perfect condition, do I bring them to just any kind of coin dealer? I looked online & how is something cerified by the NGC or anyone else for that matter, please advise, totally clueless!!!

[jtryka]

If you are a member of the ANA you can submit directly to NGC, or you can get a paid membership to the collectors society which is $99 and comes with a certificate for 5 coin submission. Otherwise you would have to submit through a dealer affiliated with NGC, though I am not sure how much they would charge, so it might be worth it to join the ANA or the Collectors Society instead. If you do it on your own, you will need to fill out the paperwork and send them in, which isn't too hard (and the NGC folks are happy to help with questions), if you go through a dealer, they will likely handle all that for you. Hope this helps, and welcome to the boards!

[Kim-migration]

Thanks!!!!!

[TomB]

Howdy and welcom, Kim. I have to be totally honest with you and tell you that it is most likely a waste of your money to have those bullion pieces graded. They bring very little premium, typically, when they are graded and you will be charged perhaps $100 to have them put into holders. The $100 fee includes Registered shipping to and from your home and the cost of certifying gold. I would leave them as is.

[jayjay2789]

I too wanted to find out how to have this done and went to two local coin dealers that can submit to NGC. The price was very expensive at about $40 a coin. Unless you are very lazy , have lots of money, or dont have the time, pay and extra $20 and become a member of the collectors society. Instead of 200 for 5 coins, you only pay about $130 (the $30 for any shipping charges...). Also, i think they send you a free pf68 2005 $1 eagle when you become a member. that at least a $40 right there.

[cpm9ball]

Hi, Kim! Welcome to the boards. You, too, jayjay! Tom gave you good advice. I think you would be better served spending $99 for the NGC Collectors' Society membership. It comes with some freebies that makes it well worthwhile. If you are seriously interested in collecting, you can learn alot from the people, here, and they are more than willing to help. Hold off on having the gold graded until you are able to make an informed decision. If they are already encapsulated in protective disks, you will be better off leaving them that way for the present.

 

Chris

[Leothelion]

I am new to coin collecting, I have 2 1986 American Eagle $50.00 Gold Coins, I received them as a gift, they are encased and what seems to be in perfect condition, do I bring them to just any kind of coin dealer? I looked online & how is something cerified by the NGC or anyone else for that matter, please advise, totally clueless!!!

 

Why do you want these coins certified? As others have already mentioned, these coins are not rare. It will be a waste of your time and money to have these coins certified. And if you do not have any other coins that may be valuable beyond their face value I would not buy into a $99 NGC membership, just so you can have these two coins certified.

If you really want these two coins encased by a certified grading service than your best bet would be to attend a coin show and possibly make a trade with a dealer who may have such coins certified. You may end up paying an extra $20 for each but this way could save you alot of headaches.

 

Leo

[Weather11-migration]

Join the ANA! It is great! Go to www.money.org.