Anyone familiar with NGC grading costs? Need help.

I wasn't sure where to post this. I got a membership with ngc for a year and am planning on sending 3 coins for grading and whatnot, the only problem is the tiers and the way they want the stuff invoiced is confusing as heck. Is anyone familiar with how to set up the costs? I have 1 error coin (2000-P rotated die), 1 near date susan b anthony i'm hoping grades pretty good, and 1 wheat cent that looks uncirculated. Is there an easy answer as to how to set up the invoice? Anyone know how much this might cost? The forum there wouldn't let me join because i have some kind of email it doesn't like. Any help would be appreciated.

 

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I'm about to do the same. It's about $20 just for return shipping if I read correctly, and if you're sending coins in in more than 1 category, which it looks like you're doing (1 for error attribution, and 2 for regular submittal) that will have to be 2 separate invoices, each having a processing cost of $8. and because you don't have 5 coin minimum to send in, you'll have to do the early bird submission which will be $30 a coin, +$10 for the error attribution so 100 just for getting them slabbed, 16 to process the order, and 20 to get em back to you, plus shipping there, and if you're in florida I think you have to pay tax (not 100% on that). It's pricey.

This is just my understanding, so please, anyone, correct me if I'm wrong (tell me it's cheaper ).

 

I submit from Florida and NGC has never charged me any taxes on their services. Other than that, goincarcrazy is pretty accurate.

 

Thanks goincaracrazy, i was wondering if i had to do 2 invoices. I was messing with it a little bit and then fields came up on the invoice that asked questions and wanted them filled in that seemed strange to me. I wonder if i found 2 more coins to submit, would it be any cheaper? I take it there's a discount for 5 coin submissions.

 

I can't remember what the teir is called but I think for common modern coins it's like 10 per coin with a 5 coin minimum. Your error attribution I don't think would count toward those (might have to call NGC on that one), but the shipping would increase a few bucks, as well, so you would get more slabbed for the money for sure, but its still not really any cheaper.

 

Since when did NGC start charging an $8 per invoice fee? It's not on their website. PCGS does but as far as I know NGC does not.

Also are you sure you want to do this? For one thing all of the service levels except the earlybird require a five coin minimum the fee for an error coin designation is $12 extra not $10. I can't see a rotated die coin being worth paying $42 to be identified as such. After all you can put on the holder "Rotated die" and anyone who wants to confirm that just has to turn the holder over. Is the Unc wheat cent worth paying $30 to have put in a holder? Is it worth it if it doesn't come back as MS? (would help more if we knew what the cent was.) Same question on the 79 Near date. These do command a premium, but is it worth sinking $42 (earlybird + $12 for variety) into it? If it comes back at the grade you hope for you've already added $42 to what you have in it. Is the profit still worth doing it? What if it doesn't come back as high as you hope? Are you still ok or are you now underwater in it? The Postage and insurance is going to be close to $20 each way so that is another $40 or about $13 per coin you will have sunk into each of them.

Bottom line you are going to be spending about $51 per coin to get them slabbed. So the question is, if they come back in the grade you hope, will they be worth at LEAST $51 more than they are right now. If not you are throwing your money away. And then what about if they DON'T come back at the grade you hope? Are you still OK or not?


Yes sending in 2 more coins would make it a little cheaper because you could use the $17 per coin economy level instead of the $30 per coin early bird. But you also have to pay for two more coins so five at $17 = $85 compared to three at $30 = $90. You get two more coins slabbed for $5 less. Brings your effective cost per coin including shipping to $29.40 instead of $51.

 

If you call them, their CSR's will be more than happy to answer any questions you may have. The number is on their web site.

 

They have for at least the last year or so.

http://www.ngccoin.com/services/services.aspx

Read the fine print under US Coins and World Coins.

Turnaround times are approximate and not guaranteed. Estimated turnaround begins on the day coins are received at NGC. An $8 handling fee per invoice applies to all submissions in addition to the grading tiers below.

EDIT: Based on what I can find, it appears that it has been in place since the beginning of 2011.

http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=1900

 

I must be blind I looked all over that page when I was making up my last post and couldn't find it. But you're right there it is.

 

Thanks for the replies. I want the error coin to just be verified, I've searched for another and there aren't any on any census' or anywhere else. I figure if it's rare it would be a good idea to have it verified. I'm not sure what the other poster means by if it will hurt me, if the coins don't grade the way i want then I'm not going to be homeless or anything, if that's what you mean. Maybe I'll put up a couple of pics of the other 2 coins later on to see what you guys think they might grade at, i already have posted the rotated die a couple of times. I may hold off on the wheat, I'll post a pic later and see what you all think.

 

Conder101 gave some good advice. Feel free to post photos of your coins here for opinions on whether they should be sent to NGC.

Did you know that members of the ANA can submit coins to NGC using the same forms & grading tiers? If others at CT are considering submitting coins to NGC, then I would recommend paying the money to join the ANA with submission privileges to NGC.

 

I found this image of your rotated die 2000-P nickel. Is this the coin you want to have graded by NGC?

 

That's the one. I want it labeled and in a container more than graded really, but I'm thinking the grade is probably also necessary. Here's a couple of pics of the other ones.

 

Here are the prices from the PCGS website for a red 1938-S Lincoln cent:

MS60 $7
MS63 $8
MS64 $9
MS65 $20

Here is the PCGS web address:
http://www.pcgs.com/prices/

 

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From NGC. I tried looking up any sort of nickel like that and you might be seeing some interesting dollar figures, but at the same time, quite possibly might not be as well. I honestly don't know how to call that one, but it IS quite interesting. I won't tell you to send the coins or not send them, that is of course up to you. Everything here is just food for thought.

 

Have you inspected the edge of this coin (very carefully)? The reason I ask is that I purchased a 1989 nickel from Ebay a half dozen years ago. It was sold to me as a rotated reverse coin. Upon inspection, I saw that the edge was not perfect as it should be from a strike within a collar. [If you look at a roll of nickels, you will see that each edge of every nickel is perfectly struck from the collar]. It was obvious to me that the nickel I purchased was faked. I returned it & fortunately there was no hesitation from the seller to refund my money.

PM is sent to you.

 

Just because you are "not going to be homeless" over the submission costs does not mean its a good idea. Unless you cannot live without these very coins being submitted, it would be much wiser to let someone else pay for the holder (by buying already certified examples). No reason to bury yourself so just leave them as-is.

 

I wish NGC would use black holders like they once did....they were coooool.

 

I got it from a bank roll, I'm 99.9% sure it's real.