Certified Gold Coins - Buying & Collecting

Certified Gold Coins

One of the biggest issues buying gold coins (or any collectible or investment-worthy coins) is the grade of the coin. Whether you are seeing it at your local coin dealer or a coin show or over the internet, everyone may see and grade coins a bit differently.

What I see as a MS-63, you might call a MS-64 and another dealer may call it a MS-65. When the cost of a MS-65 can be 2, 3 or even 10 times as much as the same coin in MS-63, you can see the need for an agreed upon grading process.

Beyond the grading issues, there is always the possibility of counterfeit coins. Modern day counterfeits can be almost impossible to distinguish from the real thing. Get a counterfeit and your investment may be about worthless. That is where a third party grading service comes in. There are several well known coin grading services in existence and they all have one thing in common. They have well-known, well-trained professional graders to give your coin a grade that will be accepted around the world.

Of course, if they just graded the coin and sent it back to you, that wouldn't solve the problem, because there would be nothing preventing you from just substituting another coin in place of the original. The grading services prevent this by encapsulating the certified coins in plastic cases.

Some of the largest coin grading services are ANACS (American Numismatic Association Certification Service), NGC (Numismatic Guaranty Corpporation), PCGS (Professional Coin Grading Service) and ICG (Independent Coin Grading Company).

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