One of the major questions we receive here at Global Monetary Reserve is about the grading scale and services for rare coins and numismatics. More specifically, clients often want more information about the companies who are assigning value to their coins before they encapsulate them (often called “slabbing”) to return them. This is one of the most important parts of the collection process and we discussed some of the things that individuals need to be aware of yesterday, in this blog post. However, when it comes to the actual grading of your coins, that’s on the professionals.
For the purpose of our discussion, we’re going to limit the article to the two major graders within the industry: PCGS and NGC. There have been several other grading services available in the past and present, however, none of them currently have the industry-wide acceptance, certification and standard of quality that Global Monetary Reserve requires for our inventory and our clients.
The Professional Coin Grading Service (PCGS) has been around for almost 20 years and has a global presence with divisions in Asia and Europe as well as the United States. Their secure holders feature anti-counterfeiting measures, as well as a label that includes the grade and a unique ID number with a barcode to identify the coin. They also maintain an on-going census of every coin they’ve ever graded, available to members of their Collector’s Club as well as dealers, which includes mint marks, information on toning, and how many of a reported variety. The other service, the Numismatic Guaranty Corporation (NGC), is the world’s largest coin grading service with almost 30 million coins graded. Many of the features of the PCGS holders are also in NGC holders: the unique ID on the label, the use of the Sheldon Scale to measure a coin’s grade, as well as an online record of what coins they’ve graded that includes images.
At Global Monetary Reserve, we specifically look for PCGS and NGC holders to ensure that the coins we recommend are of the highest quality, the most accurately graded, and most importantly, authentic. Numismatic coins are a part of our core “1/3, 1/3, 1/3” philosophy and whether they’re gold or silver numismatics, subtle differences in coin detail and grade can mean significant differences in the amount of profit when you decide to sell or trade. However, because your coins are undergoing a two part inspection (first from the major grading service and then again when we receive them before we move them into our primary inventory for sale), you can be assured that your numismatic purchases are exactly what you’re receiving.
As ever, we want to invite you to give Global Monetary Reserve’s personal account advisors a call at 877.795.9585 and discuss any questions or concerns you may have about rare coins and numismatics, the grading services we prefer and why, any aspect of your gold, silver, platinum collection, or your precious metals IRA.