Friday, March 8, 2013

Gold Coins Grading; A Must Read!


Written by Kevin Robbins, Gold Solutions

Gold coins are so hot they are on fire!  It seems everyone is looking for a gold coin investment and for good reason, the economy does not look like it is going to get better and gold coins go up when the economy is struggling. 

By no means am I suggesting that it is a bad time to sell these gold coins however.  The decision has to lie in if you feel that gold is going to go up.  Because the investor market knows before the general public of the shift in prices, I never suggest any in-experienced or even experienced commodity trader guess the top.  I like to jump out of them when they seem to be in the top 15% of where they will topple.

 When investing and selling coins it is imperative to know that the gold coins should be graded professionally.  Professionally graded gold coins are the best way to go.  It sets a standard much like diamonds. 

When they are graded they should be in an enclosed clear sealed plastic case.  The certification paperwork is critical and also the company that graded the coins should be one of two qualified companies.  The first company is NGC, the Numismatic Guaranty Corporation.  They can be found at this link.  http://www.ngccoin.com/coingrading/ngc-coin-grading-process.aspx

The next company that is valued and respected in the industry is PCGS, The Professional Coin Grading Service.  They can be found at http://www.pcgs.com .

When sending these coins to be graded it is imperative to get insurance for the approximate value of your gold coin or coins.  Over insuring can never hurt more than a little money and better safe than sorry. 

When you receive the coins back they will be graded from 1 to 70 and the pricing is according to this link:  http://www.ngccoin.com/services/services.aspx.  There is a tremendous amount of information on this site for the curious investor. 

When getting an evaluation it is very important to note that the value system is not linear and as an example, a rating of a MS 64 gold coin may be worth $2,500.00 and if the same coin was graded as an MS 65 it could be worth $250,000.00.  For this reason, you want your coins graded and done by these two companies only.  We only recognize these companies as viable and so do almost every other coins dealer.

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