Why purchase a GRADED note or coin?
Everyday, interested sellers and collectors call us here at Treasuredstocks.com and ask the "what's it worth" question. They have found a note tucked away in their relative's estate or a yard sale junk box and want to know what the item might be worth to me or to other collectors.
When
I
ask them if the note has been folded or torn or if it has certain other
defects, I often hear, "Oh I missed that" and "does a little corner
tear really matter?"
One of the most important reasons you should insist on having a coin or note
graded, is to avoid the risk of purchasing a counterfeit copy. I
know
a dealer who paid several thousand dollars for a note and sent it in to
be
graded only to find out that is was a worthless counterfeit! That is
why dealers and collectors are willing to pay more for graded currency
and coins.
A second, perhaps equally important reason in favor of grading is to assure clear understanding and easy communication. A graded note will "translate" perfectly between and among all interested collectors, buyers and sellers. Furthermore, grading allows years of auction data to be adequately analyzed so that value can be assessed. For me, speaking with someone about an ungraded note is always speculative; speaking to someone about a note that is officially graded is clear and specific.
Consider this: If the person selling the note or coin really has a valuable product, why hasn't he or she had it
graded? Two reasons are plausible: Either there is something wrong with the note or he
is unaware of established guidelines and grading benefits.
When
trying to purchase an ungraded note or coin, beware of red flag
statements like "though it's not graded, the note/coin looks
perfect." One of my favorites that I have heard several times is, "It
used to be folded, but it isn't any more." or "the condition is
pristine, I pressed it with my iron this morning."
"But who
should grade my coin or note?" you ask
Treasuredstocks.com is an official dealer of coins and currency with the two major international grading firms: PCGS and PMG. If you stay with either organization (PCGS /PMG), you will receive the most resale value for your item(s).
Treasuredstocks.com is an official dealer of coins and currency with the two major international grading firms: PCGS and PMG. If you stay with either organization (PCGS /PMG), you will receive the most resale value for your item(s).
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For more information about this and other collectable coins and currency, please visit our web site at http://www.treasuredstocks.com/or email jeff@treasuredstocks.com
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