Whether you've been buying gold coins for twenty years or just starting, one major issue is making sure that the grade you are paying for is the grade you are getting. Whether you are seeing it at your local coin dealer or a coin show or over the internet, unless you are a professional, grading can be a problem.
The reason is that grading is subjective: what I think is an MS63, you may describe as an MS65. Since the pricing difference can be astronomical between grades, it's imperative you get what you are paying for.
That's where third party grading comes in. There are several independent third party grading services, such as ANACS (American Numismatic Association Certification Service), NGC (Numismatic Guaranty Corpporation), PCGS (Professional Coin Grading Service) and ICG (Independent Coin Grading Company), who will grade your coin and encapsulate it to prevent tampering. For the most part, coins graded by these services can be bought and sold at the given grade.
When you are spending a lot of money on a rare coin, make sure you buy certified, it will save you a lot of headaches in the long run
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Saturday, March 8, 2008
Certified Gold Coins | Third Party Grading
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1 comment:
Every one want to save there wealth physically gold bullion is good choice.Thanks for the great reading, we buy gold coins in a recession. I will pass this on to our Ira clients to read.
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