I have a coin that I would like to have graded, but before I do, I'm after some advice. I have never graded a coin and I don't want to get it wrong.
The coin is a 1898 South African Pond. To my eye it looks to be in fairly good condition, but it has a nick on the top edge. Will it be rejected? What sort of grade might it achieve?
NGC or PCGS? From their websites, neither is particularly cheap. Do discounts come up at coin fairs? Trying to decipher the small print, I reckon NGC is in the order of $50. Should I wait until I find something better? I assume that CGS is not a good option, because it is not British.
Sorry about the photos, it looks like the top is in focus, but not the bottom.
Many thanks,
David