Self Grading Coins

[aztecstargazer]

What is the benefit to grading coins by professionals, and grading coins from your own skill/ opinion? 

I know it is obvious that people will trust a professional over a general collector. This will always demand higher prices. But I would expect a buyer would appreciate buying coins with a general idea of their grade, and have the option to get them professionally graded if they so chose. 

So knowing the dings, nicks, spots etc, and making it a point to point them out to a buyer, should be a factor of buying and selling your coins on the secondary market. 

I know I have grown to treat my coins like "101 Dalmatians". I know which coin is which, based on their imperfections. So I have my own general idea of what grade these coins are. But when it comes time to sell them, should I be open and honest about these imperfections? Or should I just take a picture of the coin and tell the potential buyers to play the roulette wheel? 

[Agpanda]

IMO you should always be honest with conditions when its time to sell

When it comes to newer bullion, no idea to grade yourself

Thats becouse there are already so many graded

When it comes to older numismatc coins, you can always estimate the condition for the buyer

[tbone]

Honesty is the best policy, but many don't feel the same way, which is why third party grading is important I think.  I personally don't buy any raw coins unless its from a big online dealer (or LCS that I know well). 

Self grading is an oxymoron, kinda defeats the purpose.