25th ASE Anniversary Thread, Grading Fees & Results

Good luck, Mine were delivered on the 21st and just marked as recieved on the 29th. its tough waiting!!!!

 

Log in or Sign up to hide this ad.

FYI - NGC just posted this message on their website

[h=1]25th Anniversary Eagle Sets - Important
Update[/h]Posted on 11/29/2011
[TABLE="class: newsArticleTable, width: 500"]






NGC is receiving an overwhelming number of submissions of the 25th
Anniversary Eagle sets. This increase in activity has caused delays in
processing the incoming submissions/mail.
All packages received by NGC by December 8 will receive the Early Releases
designation.

Packages are being processed as quickly as possible and we appreciate your
patience during this time. Feel free to contact your shipping carrier for
delivery confirmation.

If you need information on submission instructions, click here prior to calling Customer Service.

[/TABLE]

 

Got my results on 5 sets sent to PCGS. I got 9/25 coins graded 70. I'm pretty happy with the submission since 4/5 of the reverse proofs got 70 and that's the key coin so far.

[TABLE="class: datagrid"]
[TR="class: toprow"]
Line #
Item #
Cert #
PCGS No.
CoinDate
Denomination
Variety
Country
Grade
[/TR]
[TR="class: rowone"]
1
1
20721402
509185
2011
$1
Silver Eagle
USA
MS68
[/TR]
[TR="class: rowtwo"]
1
2
20721403
509185
2011
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
1
3
20721404
509185
2011
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowtwo"]
1
4
20721405
509185
2011
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
1
5
20721406
509185
2011
$1
Silver Eagle
USA
MS68
[/TR]
[TR="class: rowtwo"]
2
1
20721407
509299
2011-S
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
2
2
20721408
509299
2011-S
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowtwo"]
2
3
20721409
509299
2011-S
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
2
4
20721410
509299
2011-S
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowtwo"]
2
5
20721411
509299
2011-S
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
3
1
20721412
509190
2011-W
$1
Silver Eagle
USA
MS70
[/TR]
[TR="class: rowtwo"]
3
2
20721413
509190
2011-W
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowone"]
3
3
20721414
509190
2011-W
$1
Silver Eagle
USA
MS69
[/TR]
[TR="class: rowtwo"]
3
4
20721415
509190
2011-W
$1
Silver Eagle
USA
MS70
[/TR]
[TR="class: rowone"]
3
5
20721416
509190
2011-W
$1
Silver Eagle
USA
MS70
[/TR]
[TR="class: rowtwo"]
4
1
20721417
509191
2011-W
$1
Silver Eagle
USA
PR69DC
[/TR]
[TR="class: rowone"]
4
2
20721418
509191
2011-W
$1
Silver Eagle
USA
PR70DC
[/TR]
[TR="class: rowtwo"]
4
3
20721419
509191
2011-W
$1
Silver Eagle
USA
PR69DC
[/TR]
[TR="class: rowone"]
4
4
20721420
509191
2011-W
$1
Silver Eagle
USA
PR70DC
[/TR]
[TR="class: rowtwo"]
4
5
20721421
509191
2011-W
$1
Silver Eagle
USA
PR69DC
[/TR]
[TR="class: rowone"]
5
1
20721422
509192
2011-P
$1
Silver Eagle Reverse PR
USA
PR69
[/TR]
[TR="class: rowtwo"]
5
2
20721423
509192
2011-P
$1
Silver Eagle Reverse PR
USA
PR70
[/TR]
[TR="class: rowone"]
5
3
20721424
509192
2011-P
$1
Silver Eagle Reverse PR
USA
PR70
[/TR]
[TR="class: rowtwo"]
5
4
20721425
509192
2011-P
$1
Silver Eagle Reverse PR
USA
PR70
[/TR]
[TR="class: rowone"]
5
5
20721426
509192
2011-P
$1
Silver Eagle Reverse PR
USA
PR70
[/TR]
[/TABLE]

Total Items:	25
Date Received:	11/15/2011
Date Shipped:	11/29/2011
Order Status:	Shipped

I also saved $450 on my submission fees by not paying for the First Strike labels. Not only did I save that money, but I think the slabs look much nicer with the standard labeling vs. the First Strike or those autographed labels.

Even though it's much easier to get 70s from NGC, I'm still glad I sent mine to PCGS. For most modern issues, 70s come much easier from NGC and the market seems to settle that out and value the coins accordingly.

 

I still dont understand why people submit to PCGS.... NGC is not handing out 70s as easy as everyone thinks.

The Only PCGS Label I see worth getting is the "US Mint engraver John Mercanti". Those seem to be getting 200-300 more than NGC. Regular PCGS Label seem to be close to NGC price.

 

People submit to PCGS becauss all PCGS labeled silver eagles, even those w/o Mercanti and even those w/o First Strike labels are getting more than NGC graded coins. The PCGS reverse proofs are getting around $200-$300 more in PCGS PR70 vs. NGC PF70. The 2011-S coins are around $100-$150 more in PCGS MS70 than in NGC MS70.

I also submitted to PCGS because it was cheaper than NGC... NGC is $17/coin and PCGS is only $14 per coin (if you don't pay for the FS labels).

Of course, if you get a nice NGC submission and get tons of 70s, even with the lower prices realized, you may come out ahead of someone who submits to PCGS... and it's also true that someone who just sells their sets raw may come out ahead of both the PCGS and NGC submissions if those submissions don't hit enough 70s.

 

:yes: :devil:

 

Possible, but I still see on Ebay raw sets at $700 and 69 sets at $900 low end. Even for a 69 set I see profit for having them slabbed. 70's of course are a greater return. I do also see PCGS higher priced than NGC, but just sent off mine to NGC since I am an ANA member. IDK, my whole goal with this entire thing has only been to pay for the coins and keep a set or two for my son. Hopefully I can still do that.

I am new at this, though, so maybe missing something.

 

I sold two raw sets, this past Sunday, at a local show for $1350. If I sold 'em on e-bay I wouldn't have netted anywhere near that, with all the fee's involved. Also, I would have been sweating bullets over the shipping and whether or not the person receiving it would actually like the sets or not. No headaches and hassle free.......

 

Wisely done. Congratulations Ken! I am sensing a Connecticut classic commemorative purchase in your future, perhaps an MS65 or 66. :smile TC

 

Nope. Had to settle for a '64 (PCGS)

 

I'm getting ready to submit my sets to NGC. Should I be putting them in scratch resistent holders? I've checked a few forums and no one has mentioned this. I don't really see it mentioned in ebay auctions either. Any thoughts would be appreciated.

 

That's a beauty. Congrats! TC

 

I was hoping some of the more experienced people could help me here...

I am (fingers crossed) scheduled to receive my box of five sets from the Mint tomorrow. I had just accepted the fact that I missed the cutoff and am now jumping for joy (literally!) at the idea of getting these. So, I had some questions. If anyone can help with this, I would appreciate it.
1) Do you think slabbing them is worth it at this point with the low dollars I am seeing on the 69 sets?
2) Is it possible to send them insured and via USPS overnight mail? I don't think registered will make it out there in time.
3) Do I have to resend the original unopened box to NGC or can I open the main box from the Mint up to send the sets to NCG/PCGS?
4) Is the "First Strike" designation proven to be worth the extra money on previous (non-25th anniversary) sets?

Sorry for all the questions. I am really debating what the best option is. I heard back from a fellow collector on here who simply opened them up and got about $900 per set by selling them individually on Ebay. I know this is all profit at this point and I am glad I never agreed to CoinMart's offer of $80 extra per set!!!

Thanks for any advice you can offer!

 

I try to answer to the best of my knowledge.
1. It's a matter of preference. I prefer graded coins than raw. So, I got my sets graded using NGC. Are they worth more than raw? In most cases, they are. Just see the price of MS/PF69 set, I think it is higher than opened or unopened raw set. But if you grade yours, you may possibly get one or two or even more sets of perfect sets. It's gambling, but it's worth the risk .... hold on no risk actually, since you still profit more than open/unopened raw sets. FYI, from 10 sets I sent to NGC, I got 8 sets of MS/PF70.
2. That is a possibility. I actually used Express Mail both both submissions with 5000$ insurance each. But I was risking myself because if my package got lost, I would only be able to claim for 15$ only! Yes, 15$ only. Luckily, they both got there. You may try FEDEX but you need to have an account with them and use the street address instead of the po box address. I can't recall it now, but it sound like parkway something. Same city and zip code as for the po box.
3. You must not open the original box. You place the box from the mint in a bigger box and secure it well with plenty of foams or bubble wraps. Since you are not planning registered mail, you can use the plastic tape. But if you opt for registered and risk of getting it late for the deadline of early release/first strike, then you must use paper brown tape.
4. Despite the fact that I only collect and adore NGC stabbed coins, there seem an increased value for first strike pcgs coins. But it may simply reflect the cost of first strike designation that would charge you extra of 18$ each.
Hope this helps.

 

First, welcome to the forum. I figured I'd reply to correct some misinformation in previous replies.

1. Slabbing coins isn't cheap. Assuming your already a member of PCGS or NGC, getting all 5 of your sets graded (25 coins) will be $400 at a very minimum (PCGS cost w/o FS labels). If you opt for NGC, it's a little more and if you go for PCGS w/ FS labels it'll be nearly $900. Plus you have to wait about a month to get your coins back. Of course, if you hit some 70s in your submission, then it may be worth it... but if prices decrease over the next month, you may not be happy. It really is a gamble when you send in a sealed box. You know right now you could sell the box sealed to someone else for X dollars, or you could open it up and sell of raw sets individually for Y dollars each... everything else is speculation.

2. You can send the sets via Express Mail insured for up to $5000 (and the USPS insurance does cover collectible coins - if you have to file a claim, don't say it was cash or bullion though). But why would you want to do so, what is the rush? If you're worried about the FS deadline, PCGS goes by the postmark on the box the Mint sends to you. So, if you keep the box sealed and it's marked before the FS deadline, then you can get it to PCGS whenever you want, whether it be late-December or five years from now and it'll still qualify for the FS labels. If you have open sets, you can still get the FS labels on the 2011-P Reverse Proof and the 2011-S coins if your package to PCGS is postmarked by the FS deadline. The date PCGS receives the coins is irrelevant.

3. You need to send a sealed Mint box if you want the "25th Anniversary Set" designation and/or FS labels on all 5 coins in the set. If you only want that designation on the 2011-P reverse proof and the 2011-S coins, then you can send unsealed coins since those two coins are unique to this set.

4. Hard to prove since hardly anyone has sold any non-FS coins yet. You'll see more of them after the FS deadline passes and only sealed sets qualify for the labels. After the FS deadline, all reverse proofs and 2011-S coins sent in unsealed can still get the "25th anniversary Set" label, but they won't be eligible for FS. That said, I'm one of the very few that submitted my sets to PCGS and didn't pay the extra $450 for the FS labels. I've sold some coins so far and I've noticed no price reduction in the selling price and offers I've received. In fact, some people prefer to have the standard labels vs. the FS labels or other special labelling. Today, I sold a PCGS reverse proof in PR70 for $895 w/o the FS labels. Several examples w/ the FS labels or with the Mercanti autographs sold for less than my coin today. Of course, the sample size is pretty limited though at this point.

The real question is how much work do you want to do... if you don't mind the extra work, then submit them all for grading (sealed) and then sell them off individually when you get them back. If you get lucky with grades, you'll probably make a little more, but you'll spend quite a bit more time dealing with these sets (and you'll wait a month for grading). But if you don't want to do much work, then sell your sealed box to someone else and take the nice profit, or maybe open the box and sell off individual sets. Regardless, you'll end up getting way more than your $300 paid for each set. Finally, please note that my comments are geared more towards PCGS policies since that is where most of my submissions go. If you're thinking NGC for your coins, you should confirm with them if you have questions.

 

Sorry, I know I'm a couple days late posting this, and you probably have the info you sought, but here's a link from NGC with details:

NGC Offers Label for 25th Anniversary Eagle Sets from NGC.com on 10/26/2011

...as you were...:thumb:

 

I can refute this since I think I have gotten the lowest number of 70's of anyone I have seen that submitted to NGC. I got 11 of 25 in 70 (with no complete 70 sets), and one 67. All of my S mint coins were MS69, and 3 of my reverse proofs were PF70. I have sold two complete 69 sets, one reverse proof 70, 2 bullion 70's, and 2 proof 70's for a total of 15 coins and my gross profit was $4200. I used that to buy two OGP sets on ebay and I still have one complete set (4 x 70 and 1 x 69), a reverse proof 70, 2 S mint 69's, 1 burnished 70 and 1 burnished 67. My end result is that I have 3 complete sets and 3 more "key" coins from the set and I got them all for free. In my case grading paid off well, even with the lackluster results. There is no way selling in OGP gets you this payoff. Of course I got great prices for what I sold, and prices have come down a lot since then.

And, as I always state, I am still satisfied with my results even though they are not as great as others have gotten.

 

Congrats! You did very well, that's great. I've noticed a pattern with those who were brave enough to get thiers graded sight-unseen and those who didn't. Seems the latter tend to be a little sour about their choice, if you read between the lines. But like I mentioned in an earlier post, we all did great no matter which path we took. Each and everyone of us have come out ahead in one way or another. Life is good....

 

Thanks Krispy. They were sent off yesterday. I called NGC and just confirmed everything to go on the form.

If anyone has ever seen my posts, it probably looks like I am making a pact with the devil. I personally have bandsawed free more ancients from their tombs than I can personally count, but everything has its place and it seems like these modern coins are more prized in slabs than otherwise. So, just like ordering 5 sets, I am playing this game too. Like I said, my main goal is getting to keep one or two sets for my son, (its his birth year), paying expenses, and if anything is left over maybe buying other 2011 dated coins for him, or maybe a run of modern silver proof sets.

Chris

 

You mention putting each coin on each line, but I only see 20 lines. Do I have to type up 2 sets of 4 pages?