http://www.ncscoin.com/faqs.asp What is the fee structure at NCS? A simple two-part fee structure is in place. First, there is an evaluation fee to determine what, if any, conservation work is warranted. A charge of 1% of the fair market value of the coin with a minimum of $5 is charged for this service even if it is determined that no conservation is warranted. Conservation is charged at a fee of 4% of the fair market value up to $150,000 per coin, 2% of fair market value over $150,000 per coin, with a minimum charge of $15 At least 20 bucks total if they both evaluate it and conserve it. If they do conserve it and you want it graded by NGC it will cost more depending on what tier service you use with NGC.
I would hardly call my example extreme. I compared a coin made of gold vs. a coin made of silver. That's not extreme. Had the coin been clad, I would agree that the comparison is out of line, but silver is also a PM and therefore has an intrinsic value as well. What I made was a moral judgment as to whether or not I would advise someone who asked me about a coin made of 90% of any precious metal that it was worth little if not only its face value. I would not and I still think it's wrong to do so.
I'm just interested to hear what NCS say's about this coins condition , whether it is a prospect for conservation techniques , which I would say would benefit greatly . In it's present condition if sold for melt , could prove out to be a heck of a buy for anyone willing to go restorative effort and cost's . I'd buy that for melt value .
Of course you wouldn't think your example was extreme, because then it wouldn't support your "moral" argument. You didn't simply give an example of a "a coin made of gold" but one with characteristics numismatist care about, the implied superiority of the "Saint-Gaudens" makes your example more distinct and goes beyond intrinsic value. You could have compared any other silver coin to the one we are talking about, but you jumped to a metal with greater value attempting to underscore by large numbers your point, an extreme comparison, not merely 'intrinsic' value. You might well have compared the OP's coin to another 90% silver coin, even kept in line with the face value of the OPs coin. There was no purpose but to divert attention to something you think transcends values, morality, when none were violated let alone in question by anyone buy you again asserting your own belief system on this trivial point of material valuations. Equally, your comparison solicits collector favoritism and the numismatic valuations placed upon a Saint-Gaudens piece compared to other common double eagle gold coins. Still further, you didn't compare the coins based on environmental damage. Extreme you were, more so now that you let the morality-cat out of the bag. You wouldn't call your example extreme but I do and have demonstrated that you have gone there for overwhelming support in more ways than one. Additionally, the melt value you gave for the OPs coin is currently sinking with the market value of PMs, the other day it was $9.96, today it's $9.72. The value I originally gave, face value: .50¢ (and never indicated by any suggestion to melt a key/semi-key date coin nor made any mention it was worthless as melt) has not changed. I didn't require an extreme example to support the coins stable value holding at .50¢… just take the coin to your bank and try to deposit it for anything greater than face value. It's not a matter of morals here, but perspective, some times it's only worth face, other times melt or close to melt, and still other times, perhaps worth more than melt to the right buyer as a collectible with numismatic premium. Ultimately, it's worth what the OP would sell it for and a given buyer is willing to pay for it, irregardless of market and moral valuations of the individual.
Thanks for posting the response from NCS. This thread has really peaked my interest. I would love to see what NCS could do to this coin. Here is my offer to BenjyH. I will put 25 bucks towards the cost of sending this coin to NCS. Only thing I ask is that you post pictures of the coin on this thread when you get it back from NCS. I really want to see what NCS can do with a buried coin like that. I can send the money to your paypal account. Just private message me if interested. Let's make this coin look purdy!
Craig, That is a very generous offer. I'd love to see what conservation by NCS could do for this piece as well. I hope he is interested in taking you up on this and can share pics of their work.
Thanks. I think it would be really interesting to follow. I hate to see a nice semi key coin like that with such a cool story how how he found it not see it's potential.