COIN GRADING

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James Kraft

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COIN GRADING

  • on: September 19, 2013, 03:16 PM
Did a bit of searching today and came across the website of the South African Numismatic Grading Service (SANGS) who is grading coins in South Africa. Has anyone dealt with them before and would you recommend grading through them or would it be a waste of time and money?

About SANGS - The Need For a Local Grading Services (Directly from SANGS Website) www.sangs.co.za

The concept that was originally developed by companies in the USA has taken the South African numismatic market by storm. Specialising primarily in American coins, these internationally recognised companies have done excellent work in the field of numismatic grading over a long period of time. The experts on South Africa coins, however are in South Africa and that was one of the major factors that motivated the establishment of SANGS. A meeting of a group of enthusiastic numismatists, dealers and interested parties from all over the country in Michael Kaplan’s home in Linksfield, Johannesburg started the “ball rolling”. It was apparent to everyone at the meeting that there was an urgent need to establish a credible, reputable numismatic grading service, to service the South African market.

Unbeknown to the people meeting in Johannesburg, there were some guys in Cape Town planning exactly the same thing. Thomas van der Spuy and Nelis Havenga, the two numismatic enthusiasts in Cape Town, were investigating the manufacturing of the capsules and inserts for the encapsulating process while Michael Kaplan and Glenn Schoeman were researching sourcing the products in Europe. These two parties heard about each other, got together over a cup of coffee in Melkbossrtand near Cape Town, exchanged notes and ideas,……….and SANGS was borne.

After more than five years of planning, research and development and a lot of sleepless nights, we are now accepting your coins for grading and encapsulating.

History

The vast majority of buyers that purchase numismatics through mediums like BidorBuy eBAY and Heritage etc. have expressed the opinion that they feel far more comfortable in purchasing an item that has been graded and slabbed. They are assured that the offered item is of the stated quality and grade, and the risk of buying a sub-standard item that might have been incorrectly or falsely graded, is greatly reduced when buying an officially graded, encapsulated and sealed coin.

Sending precious numismatic items half way around the world is very risky, so being able to grade and encapsulate these items locally without the obvious risk or couriering them to the USA and back, is a big plus.

We have received the “thumbs up” from the majority of the industry players, including The National Numismatic Society, The Natal Numismatic Society, The South African Numismatic Society and the South African Association of Numismatic Dealers.

We sincerely believe that we can now offer the most reliable and professional grading service south of the equator.

 “South African Numismatic Grading Service” (SANGS)

Darrenjay

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Re: COIN GRADING

  • on: September 19, 2013, 03:42 PM
They are convenient,  but serious collectors would prefer a NGC graded coin,  but the hassle of sending it to USA and the cost are off putting.  I think SANGs is a good option

James Kraft

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Re: COIN GRADING

  • on: September 19, 2013, 03:54 PM
Thanks for the advice Darrenjay.....I guess that dealing closer to home might not be the best International option but definately the easiest and most cost effective with minimal risk then.

Grondgeralder

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Re: COIN GRADING

  • on: September 19, 2013, 06:41 PM
They can also include where the coin was found and in context. Like Ground zero coins from 9/11.

You'd need a way to prove it but don't know how that would work.
Boor war site find could add numismatic value to your coin, maybe more than you think. Or could add more value to the coin than the coins numismatic value alone.
You might need an archeologist buddy to help you as a witness and testiment or maybe it's one of those things you just have to trust from a relliable person.

Ultimately it's whatever sells the coin that makes it valueable. If someone want's it for a reason it's valuable.
The thing is there's no way to predict what crazyness catches on at what time. Markets have been trying to create the context for value but nothing beats crazy.
Some markets have some success mainstream as with silver dollars and maple leafs or good old krugers but some don't do as well, for instance the marketed Mandela R5 coins.
Someone buys one for R90 000 and a few years later someone sells them by the dosen for R50 each. Scarcity is also a factor, well there where a few billion or million of those R5 coins made, but that can change again and again.  You could also try buying them from whoever was reserving them from circulation and destroy them all. Contextual coins adds to scarcity.

However there's nothing wrong with numismatic quality, looking for good coins or the odd super perfect coin and having it graded and sealed to perfection. Or someone who can be trusted to have people be sure that what they are buying is what it says it is. Or having all the troublesome "convincing of athenticity" work over and done with. Without an authority like that alot of numismatic stuff would not work. You need a  "banker" that follows the rules in a game of Monopoly.

Chances are an initiative like SANGS, for them to really pick up would need to meet the existing authority's standards(Maybe they do). An authorisation and licence to make the banker concept hold together. Not in competittion but in agreement and cross recognition and possibly a statement of that recognition. NCG might not recognise value that SANGS does and vice versa but they need or might have a common ground.

There's also DIY grading. Not everyone is into authority and can recognise a coin on the old primitave scale from Poor to Very Fine without needing one. Coins eschange cheaper that way and just for the sake of collecting, however when you have eventually come to recognise the value of some of your collection you would probably do youself a favour both getting it sealed for preservation and graded at the same time. Some coins are just hard to find in proof or very fine condittion. At some point of time no one thaught theyd be worth anything and maybe if they did they wouldn't have been valueable today.  ::)

For as long as the banker is around and willing to serve the rules respectably your coins would behave the way they aught to.
Grading agencies also keep databases and files and serialises your coin. Meaning they can tell you how many have been graded and where your coin fits in the larger picture.

The true test on weather your grading agency is worth their salt is if an ensurance agency will back them. I don't know how often a coin might need to be re-graded and I think that is another purpose of the seal. Someone can phone in years later and have the agency confirm it's current value based on it's current standing(assuming it's still viable).
« Last Edit: September 19, 2013, 07:49 PM by Gremlin »
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James Kraft

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Re: COIN GRADING

  • on: September 19, 2013, 08:05 PM
Thank you Gremlin

As always your insights and advice is concise and valuable yet to the point. It is much appreaciated. I have to agree that a Grading albeit SANGS would definately contribute to making the coin more authentic and should ease the mind of an intended buyer. Anyway, if nothing else the preservation package makes it worth while I guess and definately makes your collection look more attractive and professional. I would prefer (obviously finances allowing) to have most if not all my old(er) coins found encapsulated. It would just look so much better having them that way than being in bank bags etc.

By the way guys, I might be off again to Middelburg sooner than I thought. Hopefully more coins but definately more Boer war finds will follow....Lol, I just don't know where I am going to keep all the .303 cartridges I find. :-\ ::)

Grondgeralder

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Re: COIN GRADING

  • on: September 20, 2013, 11:01 AM
ps. Nice avatar!
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James Kraft

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Re: COIN GRADING

  • on: September 20, 2013, 11:21 AM
Lol thanks.....Just had too. Just couldn't resist :o ::) :P ;D

Chris Twine

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Re: COIN GRADING

  • on: September 21, 2013, 12:31 PM
Simply put, SANGS is still a nobody.

NGC or PCGS is the ONLY trusted coin grading companies if want to sell your coins globally. I rather pay a bit more, take the time to ship the coins to the USA and get the trusted name.

Try and sell your SANGS graded coin on ebay for a premium = good luck.
Try and sell your NGC / PCGS graded coin on ebay for a premium = no problem.

James Kraft

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Re: COIN GRADING

  • on: September 21, 2013, 09:40 PM
Thanks PushingTin
I will definately go and read up more on the ins and outs of the gradings and how to go about doing so. :D

Grondgeralder

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Re: COIN GRADING

  • on: September 30, 2013, 02:29 PM
Remember a green 1800's coin will grade higher than a cleaned one.

It's worth looking into their scanning methods but I see coins with negative ratings like "harshfully cleaned", "light scratches" etc.

If it's a famous site find, scratches and bruises might not be negative. "Damaged in action" might be a positive if they can prove the age of the damage. I don't know if the grader will look at it that way but it might change their perspective if you point that out to them.
« Last Edit: September 30, 2013, 02:33 PM by Gremlin »
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Re: COIN GRADING
« Reply #9 on: September 30, 2013, 02:29 PM »