Why send it in if this person didn't get the grade, color, or percent off center? Is this what NGC does for bulk submissions at a discounted rate?
You answered your own question.. Yes it was a bulk submission. There are a bunch of these on ebay from the same seller. Not worth it in my opinion. They don't really sell.
No date, no grade, no percentage: ......makes slabbing them in large quantities much cheaper than a normal Error submission tier price. I can see the logic/reason in it, if it's for very large quantities, for a marketing company that wants an interesting item at a cheap price compared to $35 on up for single coins. I'd guess the cost for this piece was $8-$10 per coin.
I'd like to ask you a question about this. I live in Brazil and there is no representative of NGC or PCGS around here. How do I certify them? Do I have to send them for analysis by mail? What is my assurance that they will receive it and return it to me? In fact, I do not even know if this is possible.
Go to their websites - https://www.ngccoin.com/about/about-ngc/ https://www.pcgs.com/about You can call them and ask all the questions you may have.
Yes you do it by mail, which brings you to the question of how well can you trust your local mail service? The mail service while it is in the US is excellent and very safe. Outside the US depends on the local mail service. Some countries are very safe, in others things disappear from the mail on a regular basis.
And this is why I prefer ANACS for errors/varieties, even for their specials and economy tier. As long as I'm confident about my attribution, whatever I put on my submission form gets put on the label. I'm patient and wait it out at their special prices. In the case above and others like it, the submitter probably did not do this. Of course, I've never did a large bulk submission so I have no way of knowing how it would have worked out either way.
Exactly my afraid. Not only by the trust in my local mail, but for our customs treatment. I don't know if I will need to pay taxes and fees to my government when PCGS or NGC send back the encapsulated coin.
WOW, I just discover that here in downtown of Curitiba, there is an enterprise that send packages via DHL, FedEx and UPS. Fantastic. My afraid is over (at least, for mail)
@Conder101, do you know how much will cost to send (just to send) a package (0 to 1/2 kg) to USA from here????????? Just $100 (HUNDRED DOLLARS) plus taxes and fees when arrive in USA customs treatment. My God.
It can be expensive. Most coins don't require being slabbed, though. It's often much cheaper to buy your own slabs and label them.
Ahh, Right. I thought the slabs were only used when the coin was certified. There are some places where these slabs are sold here, but they are very expensive. Only worth buying for very valuable coins (like this one that is in the flip)
Having a coin slabbed but not graded just sounds ridiculous. I mean the grade can increase the value right? @JCro57 did you buy it and if so are you going to resubmit it?
The term 'slab' or 'slabbed' usually means 'slabbed by a 3rd Party Authentication/ Grading service', not any two pieces of plastic that a coin goes into. Although any plastic could be called a 'slab', the general use of the word is always in referral to PCGS, NGC, ANACS, and ICG, for coins.