I was checking out the certification on NGC website and it says that copper coins grades expire after 10 years. They said if I don't resubmit by 12/13/2023 it will be treated like a raw coin if I re-submit. Does anyone know about this and should I bother? It says my 1908-S Indian head was certified on 12/12/2013.
Well, copper coins do turn brown even in holders. Still rubs me the wrong way, though. I foresee a day when the chips in holders keep track of time, and you subscribe to have your coin in a holder, instead of paying to get it in a holder. On the other hand, maybe that would be an alternative to continually loosening grading standards (so there's more temptation to resubmit)...
The numerical grade should not expire but I understand color designation having an expiration period. Similar to the chip idea, perhaps grading companies will only place a QR code on the label that takes you to most recent certification.
Since copper goes from red to brown, I don't see the need to have your coin regraded. I'm surprised to see what has been considered a top grading company tell collectors that their coin(s) will be considered raw if not recertified.
What they said that if the coin will consider raw as far as grading purposes if you re-submit after the expiration. They did say the grade expires. I am not going to re-submit.
I'm guessing this might be their way of trying to get out of honoring Guaranty claims in the future (???), mainly from coins that experience great appreciation in value. Seems odd though that they would say the coin is considered raw if not recertified.
I had to change that in my original post. If I don't resubmit by the expiration date the coin will grade like it was raw.
Yeah.... My top shelf coin is in an NGC holder that was encapsulated May of 2019. When I look it up on the NGC verification page it tells me straight up that the assigned grade is no longer valid after May of 2029. I figure that after 238 years that a coin is probably pretty stable, but what are you going to do?
It's just so if you get it reholdered in 10 years, it'll see a grader, whereas in under 10 years, they'll just reholder it. But if you have no reason to reholder it, no worries. The fine print (insert your grading date here): Copper Coins Notice: Coins made of copper, bronze, brass or are copper-plated can change over time. Accordingly, with regard to copper, bronze, brass or copper-plated coins graded by NGC, the grade portion will no longer apply after the 10 year anniversary of their date of encapsulation by NGC. This coin was encapsulated on 4/6/2021 and the grade guarantee will expire on 4/6/2031. If the grade guarantee has not expired, it may be extended by submitting the coin under NGC's ReHolder service tier. If the grade guarantee has expired, the coin will be treated as a raw (ungraded) submission if resubmitted to NGC.[\i]
Generally, the progression for copper is RD to RB to BN. They are saying they can't guarantee the coin will regrade as RD or RB after that date unless you resubmit it. That - an additional fee option - would presumably give you another 10 years at whatever it then grades. Still doesn't mean it won't change over time. If somebody has a coin (RD or RB) that they know was graded over 10 years ago it would be interesting to see what the database says about it...
I don't own a coin that fits the bill, but I found one at Great Collections. https://www.greatcollections.com/Coin/1292704/1879-Indian-Cent-NGC-MS-64-RB https://www.ngccoin.com/certlookup/1751335-003/64/ Same text. Just says the grade guarantee will expire on 12/30/2013. However, this coin is in an even older holder: https://www.greatcollections.com/Coin/1233692/1857-Flying-Eagle-Cent-NGC-MS-64 https://www.ngccoin.com/certlookup/269523-001/64/ And there's no disclaimer whatsoever. So that disclaimer hasn't always applied. They must have had an issue at some point.
To me it is just another way to produce more revenue. If you own a coin that was slabbed as RD, and then 15 years later you the owner think it is still red, it's still red. If you are selling the coin and the buyer thought it looked red like the label, it's still red. Personally I would not send a coin in to get it recertified for this reason.
Something that would be interesting would be if you submitted a red or red brown coin for reholder to lengthen the guarantee timeframe and they deemed the coin to have dropped a color designation. In that case, NGC would have to pay for their guarantee between the colors and it would be interesting to see how they handled that.
I had not heard of this before, interesting... SO if they reholder and re-evaluate the color designation to push the clock out another decade, and you do it before the grade expires, guess this means you are guaranteed the current numerical grade at least? If they don't do that, what are they saying the benefit of doing it before the expiration, a slightly cheaper reslab price?
I'm not sure I understand. If I have one of my copper coins graded, it will have to be re-graded every ten years because over time, it changes color. From that logic, copper coins will be worth less as time goes on. Is there any treatment, etc. that can preserve a copper coin's color? I have some really nice pennies that I want to maintain its color. What would be a way to do that? The three coins we got for free from the mint when we bought Proof Sets, are some of them, but I'm sure there are many other copper coins (or copper like coins) that we would want to preserve. Is there a source to tell us how to preserve coins, copper, silver, gold or other coins?
JMO, unless it's a rare coin and it is high graded. Be happy with what you have and if time is the factor here, we'll. Isn't that what counts? You have it in hand.
