The cost of getting a coin graded can vary significantly, depending on several factors . Here’s a breakdown of the key elements influencing the final price:
- NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service) are the two major players in the coin grading industry.
- NGC costs less upfront with an Associate membership starting at $25 annually, while PCGS membership begins at $69 for their Silver tier.
- The declared value of your coin directly impacts the grading fee. More valuable coins fall into higher service tiers, which come with higher fees.
- For example, NGC’s Economy tier grades coins valued under $300 for $23, while their Standard tier handles coins up to $3,000 for $40. PCGS offers similar tiers, with their Economy tier costing $22 for coins valued under $300 and Standard costing $38 for coins up to $2,500.
- High-value coins (e.g., $50,000) can incur grading fees of $125 or more.
- Expedited services come at a premium.
- NGC’s Standard service has a 16-35 day turnaround, while their Express service delivers coins in 15 days, but at a higher cost.
- Special labels, variety attribution, and conservation services can increase the overall cost.
- Both NGC and PCGS charge a flat handling fee per submission ($10).
- Securely shipping your valuable coins to and from the grading service adds to the cost.
- Return shipping costs can range from $22-$150, depending on the declared value of your coins and the chosen shipping method.
Overall, the cost of grading a single coin can range from approximately $30 to over $300, depending on these factors . It’s crucial to weigh the cost of grading against the potential increase in the coin’s value after certification.
How much does a coin appraisal cost?
Coin collectors may offer free appraisals prior to a purchase offer. For paid appraisals, the average price of time that you may be charged for an appraisal is somewhere between $100 and $250 per hour. Insurance appraisals can cost you anywhere between $50 and $100 per coin.