Slabbing coins for sale

[trout]

I did a test sale with a couple of coins ( 1 raw 1 slabbed in the same grade)and I hate to say it but the slabbed coin outperformed the raw coin (price wise) by a long shot.
I know you all know I hate slabbed coins, but these are not FOR my collection they are FROM my collection/hoard and I simply want to maximise my return for these.

I have come across a few duplicates/spares in my collection that would be valued at $200 upwards, would it be viable to get these slabbed before sales or would I be wasting my money?

Can anyone give me an estimate for sending 10 coins off to TPGS for grading?
All these coins are surplus to my needs ( my collection is starting to look like a hoard ) and I would be better off selling them and buying coins I need, Instead of constantly digging into my pocket.

So my questions are;
1. What are the actual costs involved?
2. How long does the process take?
3. Is it a viable option?
4. Where is the best place to sell them once graded?

[Fr45h3R]

If you decide to do it yourself, you will need to sign up to PCGS, it's at $219 for International http://www.pcgs.com/join/
You have to pay for shipping the coins over, and then for 10 coins, return shipping is $52.45, plus then you have the slabbing fee for any extra coins on top of the vouchers you get from sign up, depending on the service you are using http://www.pcgs.com/gradinglist.html
Estimated times are 20-30 days but this seems to be slipping recently based on comments in other threads.
If you were to continue submitting coins it would be a viable option to sign up yourself. One thing is that you really need to be sending 10 coins or more at a time to be the most cost effective option.
You always have the option of using one of the dealers from the forum.

If you go through Walter to slab the coins, you would then be able to get the coins sold on Numisbid when they return. He takes excellent photos and the coins realise decent prices, a lot better than they probably would on eBay.

[ausjack]

If you don't mind me asking, what were the coins? Very interesting, sorry I can't help mate.

But I'll give it a go
1. a lot.
2. from other post, a bloody long time.
3. ya got the coin and just about anything is possible.
4. at a shop hehe, but serious I'd look into the big auction houses as they seem to get better prices on all sorts of things but this does dependon who's there and how much they want it. Only thing with some auctions are you still pay commission on the service even if it doesn't sell..I'm not 100% but I'm pretty sure that's how it works. Sorry mate.

[purplepennyhunter]

If you go through Walter to slab the coins...

Eric from Drake Sterling (Walters brother) also offer this service. If you only have a few coins and slabbing is new to you I'd do it through someone first. That way the costs are less and he'll give you his opinion on the coin before sending which may save you money if the coin isn't up to scratch.

[markn]

Eric from Drake Sterling (Walters brother) also offer this service. If you only have a few coins and slabbing is new to you I'd do it through someone first. That way the costs are less and he'll give you his opinion on the coin before sending which may save you money if the coin isn't up to scratch.

I'll second sending coins through Eric.  I sent my first few coins through him and he stopped me from sending my "prize" 1910 3d because it had been cleaned (*cough*Santa Klaus*cough*).

[trout]

If you go through Walter to slab the coins, you would then be able to get the coins sold on Numisbid when they return. He takes excellent photos and the coins realise decent prices, a lot better than they probably would on eBay.

Sounds like the way to go :good:

[Fr45h3R]

I'll 3rd Eric as well, as he has sent most my coins over for me.
I used Walter in my example as he also offers Numisbid.

[trout]

I haven't had any dealings with Eric, But on the other hand I have bought coins off Walter and have been impressed with his professionalism.
I have sent Walter an email to see what the go is :good: