Submitting to NGC… tips?

One of these days when I figure out how to take better pics and shrink them.I will post a pic of a coin I bought a while ago graded by NGC that I feel is overgraded by eight points. It is an 1838 $5 Classic head graded AU-53. Either way, the coin has doubled in price since then.

I was just wondering, will NGC or PCGS refund the difference if the coin is overgraded. I have heard they do & dont. Kinda confusing. I will be visiting the ANA convention in August in Colorado Springs and find out myself.

Just my two cents

CLAW

 

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All 4 of the major services will compensate you if they have overgraded a coin. However, don't expect to get paid if it is a minor overgrade. In your case I assume you mean you think the coin is EF45 and they graded AU53. While they might downgrade that, the line between the two grades is so small and the grading standards for that type coin so liberal, you'd be hard pressed to get the downgrade and payment.

 

Thanks for the info. I have noticed that both grading companies seem to overgrade at least a few points on the much older issues. Maybe because those coins are harder to find problem free & uncleaned.

My coin seems to fit the EX-F grade as far as wear. But the surfaces are super clean for that grade compared to many other coins I have checked out. In one year this series has nearly doubled in the AU range, and I doubt I will have a problem making my money back if I ever decide to sell. Either way, I will visit the NGC booth and see what they have to say.

I also have noticed far more NGC coins compared to PCGS on the market for the older series.Is there a reason for this?

I dont have a prefrence for either of the top two TPG's, other than if I decide to sell PCGS seems to bring more $.If buying for my collection , I dont mind picking up slabs with the NGC label only because you can usually buy them a little cheaper.

Thanks CLAW

 

I don't want to get into this topic right now but if you search you will find many posts by me about how I feel about grading companies.

Speedy

 

yes, Speedy most of us know how you feel about the TPG's

 

Yep. All the grading services will "market grade" these coins.

Not really - at least not that I know of. NGC has graded more coins than PCGS, but not so many that you should notice a difference. However, many common date more modern gold coins have gone to NGC since they were closer to European banks.