INB is not a reputable or recognized coin grading service within the numismatic community.
Here’s why you should be wary of INB-graded coins:
- Inaccurate Grading: Numerous reports from collectors suggest that INB assigns grades that are far too high, often listing coins as flawless (MS70) even when they are in significantly worse condition. This practice is misleading and can be detrimental to unsuspecting buyers.
- Lack of Industry Recognition: INB is not considered a top-tier or even a reputable second-tier grading service by the majority of collectors and professionals in the coin industry. Reputable services like PCGS, NGC, ANACS, and ICG are the preferred choices for authenticating and grading coins.
- Potential for Fraud: Some individuals have filed reports of fraud related to INB-slabbed coins, highlighting concerns about the legitimacy of their practices.
- Questionable Practices: There are also allegations that INB holders are not securely sealed, allowing coins to be swapped out easily.
In essence, if you encounter a coin graded by INB, it’s advisable to treat the grade with extreme caution and seek a professional evaluation from a reputable grading service before making any purchasing or selling decisions.
For reliable coin grading, you should consider services like:
- PCGS (Professional Coin Grading Service): Widely considered the industry standard, known for strict grading and high resale value.
- NGC (Numismatic Guaranty Corporation): Another highly respected service, particularly for world and ancient coins, known for accuracy and technological advancements.
- ANACS (American Numismatic Association Certification Service): The oldest grading service in the US, known for being affordable and sometimes stricter than others.
- ICG (Independent Coin Graders): A reputable service known for quicker turnaround times and an objective grading process.
Who is the most reputable coin grading company?
I can help with that. High grade coins are rarer than low grade coins. Collectors pay more for coins in higher grades. The two most trusted coin grading companies are NGC in Sarasota, FL and PCGS in Newport Beach, CA. Those are the only two companies Coinappraiser.com uses to grade coins.
What is the average cost of getting a coin graded?
Thanks for asking. The cost of coin grading can range anywhere from around $20 to over $300 (depends on your submission).
Can I get my coins graded for free?
You can submit photos of your coins to us for free coin authentication and grading ! Here’s how it works: Take photographs of the coins you want graded. Make sure the coins are centered in the photo and hold the camera steady to avoid blurry pictures.