Sent coins to NGC

Well most of the time I have my dealer send my coins for me off to NGC but since I'm an ANA member I decided that I would just do it myself this time.
So I got the info from NGC the other day and am mailing off 5 1962-D Franklins I've pulled from a BU roll today.....
I can't get photos----but here are what I think they will come back as....and I'll post here in about 20 days and tell you what they came back as.

#1-MS64
#2-MS64
#3-MS64
#4-MS65
#5-MS65

I think two of them were really good but am not 100% sure.
I'm not that good on MS grades and when they are only one grade apart it makes it extra.

I sent it on the 17 day one....has anyone had any slow service from NGC??

Speedy

 

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My last 12 day modern turnaround took 27 days- I would say thats slow but in reality it seems to be the norm with my submissions.

 

Should of sent them to PCGS. Here's another reference as to why:

Coin World's June 5th, 2006 Coin Values publication ran a market analysis:

"Values Often Differ Dramatically Between Grading Services" by Mark Ferguson (page 66).

Great reading and analysis by Mr. Ferguson...check it out for yourself.

 

Did that count Sundays and Saturdays?

I don't get CW at this time so I can't read it....but since you like POP reports here are some for Franklins.

1961 Franklin MS64FBL
PCGS-656
NGC-14
Number of higher graded coins
PCGS-141
NGC-21

1956 Franklin MS65 FBL
PCGS-927
NGC-215
Number of higher graded coins
PCGS-600
NGC-52

1948 Franklin MS65FBL
PCGS-1397
NGC-517
Number of higher graded coins
PCGS-252
NGC-64

Now I have said it over and over again that I do not like the POP reports.....but since you do and say that they show that PCGS is harder....what about these??? they came right from Heritage....and these aren't the only ones...I could get more.

Speedy

 

Yes it did count weekend days too- still take away 6 days & 21 days is still a bit long for a supposed 12 day turnaround- I did submit 30 coins but I dont think that should have anything to do with the delay.

Since I belong to the collectors society for NGC I do get to track them thru the whole process. Once I got the update they were off to quality control it took only 3 days to get them after that update.

 

I don't want to cause a problem, but just becuse a publication says that PCGS coins bring more money doesn't mean that you should only submit coins to that TPG. It doesn't matter which company's slabs are bringing more money at any given moment if you plan on keeping the coins for your own private collection. Just my opinion.

 

I would be a bigger fan of PCGS if they allowed personal submissions. I took some into a local dealer here to submit and he refused, saying and I quote. " they are taking to long and people are thinking that WE are ripping them off so its easier just to not do it"

 

They do...just look up how to do it here:

PCGS Submission LINK

Again, I didn't run the analysis, Coin World did...

Funny, I thought your numbers were off, so I looked at Heritage's realized auctions for your beloved Franklins and here is what I found:

50c, 1960 MS64 FBL:

PCGS Population (3020/620)
NGC Census: (111/49).

See it for yourself at: http://coins.heritageauctions.com/common/view_item.php?Sale_No=26054&Lot_No=11355&src=pr

How about that 50c, 1956 FBL MS65??

PCGS Population (910/598).
NGC Census: (210/52).

See these facts for yourself too!

http://coins.heritageauctions.com/common/view_item.php?Sale_No=405&Lot_No=8020&src=pr

If you are lucky enough to own this coin in a MS67 grade, consider these RECENT Signature prices realized:

Auction 404, Lot 3115 Saturday, April 29, 2006 67 PCGS $3,450.00
Auction 404, Lot 3116 Saturday, April 29, 2006 67 NGC $1,725.00

Pretty big jump considering a true 50 cent MS65 FBL from 1956 only sells for $60 to $70...don't you think?

BTW...since you are adding 1962-D Franklins into the POP reports, consider these factors for a MS65 grade:

1962-D 50C MS65:

NGC Census: (837/7).
PCGS Population (260/4)

Recent realized prices for a MS65 1962-D Franklin:

May 9, 2006 65 NGC $74.75
November 15, 2005 65 NGC $78.20
May 7, 2006 65 PCGS $101.20
April 10, 2006 65 PCGS $143.75
March 6, 2006 65 ANACS $74.75

Good luck with your submissions and here's hoping you will nail a few 65's!

 

Sorry....I put 1960 but I meant 1961.
I've edited that and fixed it.

check out this link..
http://coins.heritageauctions.com/common/view_item.php?Sale_No=66062&Lot_No=24757
It has the numbers I posted....maybe Heritage isn't posting right numbers???


Speedy

 

BTW--I wasn't going to add this....but you get your POP reports from the ENDED auctions....I got mine from the autions going on right now so they are alittle more updated....that is why we didn't have the same numbers.

Speedy

 

Makes sense...POP numbers should, by all accounts, increase a tad with additional submissions taken into account.

I still just don't know why you would submit these type of coins (after submission costs, S&H, etc.) when the best price a NGC MS65 would bring is only around $70 to $75. Even the PCGS MS65 1962-D has only brought it a $100 plus for the 65 grade.

 

Because I like them...and collect them....its really the same reason you submit Cents for grading....I have about 10 RED Cents from the 40's and 50's....some of them would come back nice and high (MS65/66) but since I really don't collect them I don't have a reason to send them for grading.

Well look at it this way.
I have $5 in the coin....with grading cost $12.50 and shipping I will have $19 in the coin.....now if I'm right and it comes back MS65 and I can sell it for $70 I'm making $51.
That is pretty good profit when thinking about----and more than that....just 2 coins coming back MS65 could pay for awhole roll of these coins.

Speedy

 

I wondered the same thing. But then again if one came back MS66 FL, Jackpot!

 

Speedy, please correct me if I'm wrong, but I think most of us on this forum are COLLECTORS first and INVESTORS second.

The reason I enjoy having coins (such as your Franklins) slabbed is because:

1. It preserves the coin in a sonically sealed container (much better than I could preserve the coin myself).

2. It lists a grade evaluated by a THIRD-PARTY GRADER. Should I ever sell the coins, there should be minimal argument about the grade.

3. The slabs make an attractive presentation.

4. The cost is actually minimal (specifically citing the example you mentioned above).

But, regardless of these factors, if you're a COLLECTOR (as opposed to an INVESTOR), I think slabbing coins is worth it simply for the preservation value alone. I encourage you to slab those Franklins!

 

None of them will come back FBL---there was one that was close and PCGS would have given it FBL I'm sure but that is one reason why I only will buy my FBL Franklins in NGC slabs...they are harder on Franklins.

Scotty
You are totaly right...I'm 100% collector and very little invester....if any
The main reason I'm slabing this coin is #1....to keep it in my collection...

Speedy

 

Hmmm. I do not think the world has learned of your theory yet!

1962-D 50C MS65 Full Bell Lines PCGS. One of the more difficult dates in the Franklin series to find in decent shape, the average 1962-D is, quoting Franklin specialist Rick Tomaska, "of abysmal quality." Gems are rare, and Gem Full Bell Lines coins are exponentially rarer. This lovely example boasts a bold strike, with both pairs of bell lines clearly separated all along their length. The luster is brilliant, although light concentric toning in shades of blue and amber is present on the obverse rims, while the reverse is brilliant. Only trivial abrasions are seen with a loupe. PCGS has graded 10 coins finer (3/06).(Registry values: N491) Sold for: $747.50





Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 408, Lot 1994 Saturday, June 3, 2006 65 PCGS $577.30
Auction 405, Lot 8041 Monday, May 1, 2006 65 PCGS $632.50
Auction 404, Lot 3134 Saturday, April 29, 2006 65 PCGS $747.50
Auction 404, Lot 3133 Saturday, April 29, 2006 65 NGC $391.00
Auction 404, Lot 3132 Saturday, April 29, 2006 65 PCGS $402.50

 

I will always be a loyal NGC fan no matter who realizes higher prices. The PCGS holders disgust me, and there submission times are off by about 10 days.:headbang:

 

No----they haven't and its sad....most of the true collectors of this coin in FBL will know this though....you see when grading a coin for FBL there are 7 lines totaly you can look at....3 on the bottom and 4 on top....PCGS ONLY looks at the 3 bottom lines....NGC looks at ALL 7 and is therefore harder on this coin.
So if you want a better grade/FBL coin buy NGC....also you will get a better price because most of these INVESTERS or collectors that haven't learned this are paying too much for too little.

Speedy

 

I've seen many PCGS FBL in the market but NGC FBL are hard to come by. I've been looking at Heritatge and Ebay.