Hi, I just joined NGC and am trying to figure out this form .Most of it I get- but I'm stuck on this part lited below. How do I get the declared value? And do I have to insure them ? If I dont insure them what do I put in the box? I am not doing a CrossOver just some pre 1964 US coins 1932-1964 ish Thanks Section 8 j "Declared Value. Enter the declared value of each coin. Enter the total of all lines in the Total Insured Value box. "
I dont think you need to insure them, im pretty sure its optional. I think a declared value is your opinion or a professional appraisal on what its worth, not sure?
You have to decide what the declared value is. It's pretty easy to look up on Heritage if you don't already know. As for the insurance - it is beyond foolish to not insure them. And your insurance amount needs to exceed your calculated value total. Just round it off the next highest thousand. And when the coins are returned to you - NGC is absolutely going to insure them. And charge you for it.
Thanks for your reply I dont want insure them at this time , these coins wont come close to $1000.00 But I may want to later ,How do I insure them ? My thoughts on Insurance are I have got 100's of coins of ebay and have not lost 1 shipment yet I'm sure it could happen and will at some point but when you add all the insurance cost I would have paid it would equeal more money than any loss I would have had .If I submit some of my best coins then I would lke to insure them but still that would only give me back money and not get my coins back
If your total submission (all coins together) are not worth a $1000 - then they probably aren't worth sending in for grading anyway. When you mail them, just tell the Post Office clerk you want insurance. It's not gonna cost ya $5.
