NGC membership, submission questions.

Discussion in 'Coin Chat' started by Derrick Combs, Oct 24, 2020.

  1. JeffC

    JeffC Go explore something and think a happy thought!

    I believe ANA has a promotion now. New members also get an NGC slabbed 2020 Silver Eagle if you join for 3 years. They need funds due to the shut down of many revenue generating programs they would have offered.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. halfcent1793

    halfcent1793 Well-Known Member

    I buy the coin, not the holder. That said, I have bought a few coins in ICG holders, including a Morgan that they graded MS65. I got it at a club auction for about 63 money, and I thought it was nicer than a 63. I sent it to PCGS expecting a 64 grade, but it came back a 65.

    So, with an N = 1, my experience with ICG is that they grade the same as PCGS.
     
    Mainebill and wxcoin like this.
  4. Mainebill

    Mainebill Bethany Danielle

    I’ve had coins in anacs or ICG slabs come back at the same or higher grades at Pcgs. Also had them come back a little lower but to sell I need them in a pcgs or ngc slab preferably with a cac sticker for the most money
     
    wxcoin likes this.
  5. Conder101

    Conder101 Numismatist

    Right, the coin doesn't matter. Just make sure you have the right plastic. :D
     
    ZoidMeister and wxcoin like this.
  6. UncleScroge

    UncleScroge Well-Known Member

    Wow! Are you kidding? I collect the coin, not the plastic. Each to his own.
     
  7. wxcoin

    wxcoin Getting no respect since I was a baby

    I think he was being sarcastic. As a buyer, I've found many nice coins in ICG and ANACS plastic which didn't get any respect because they weren't PCGS, or NGC. So from a buyers standpoint, I took advantage of the big two bias. However, if I want to sell my coins and get top dollar then I'll go with the big two. I'm not dissing ICG or ANACS, I'm just following the market.
     
    Two Dogs likes this.
  8. Southern Coin

    Southern Coin Member

    I am part of the ANA and I am somewhat confused about the submission process. I assume that I still have to pay the fees for NGC grading or is it covered in the ANA fees?
     
  9. wxcoin

    wxcoin Getting no respect since I was a baby

    You still have to pay the fees. When you submit coins you need to include your ANA membership number.
     
  10. John KENT

    John KENT Member

    I joined the ANA (American Numismatic Association) and then gave my membership # to NGC for a free basic membership (saves $25). ANA also has a deal if you join for 3 year years, they mail you an American Silver eagle slabbed by NGC. www.money.org tell them John Kent referred you. If you make 3 referrals, you also get an American Silver eagle as a gift.
     
  11. Mike Thornton

    Mike Thornton Learning something new everyday.

    I'm members of both NGC and PCGS. One thing that moved me to joining was that I received grading credits that nearly equaled my membership fee at NGC. So from my perspective, I paid for coin grading and got a free membership plus discounts on supplies and such. In addition, the membership allows me to start a Registry Set/s. NGC will allow you to include PCGS coins in your set after they review the submission, but PCGS does not accept other TPG's graded coins in their sets. Something to consider.

    As for "Who's best?". It depends on what your after and ultimately subjective. NGC and PCGS tent to be harder on the grading, (in my experience), then ANACS or ICG. I have slabbed coins from all.

    So if your plan is resale for the best price, NGC and PCGS tend to bring the better prices. If your after graded coins that you can rely on the grade? You should keep to these four. Just my opinion. I agree with most, buy the coin first, not the plastic. Based on your "end game", the plastic would be a secondary consideration.
     
  12. mrweaseluv

    mrweaseluv Supporter! Supporter

    Is fairly simple you get your ANA membership, submit the ANA/NGC membership form. Once you've done that you get an NGC membership number and can submit just like a normal NGC member (still paying all the fees)
     
  13. humma3800

    humma3800 Member

    If you only have a few coins to submit. I would join PCGS. The reason why is PCGS will send you a package with coin flips in the mail .NGC sends you nothing! So instead of spending more money on flips and labels, everything's included with PCGS. Both service do an 0k job.
     
    wxcoin likes this.
  14. Thomas R Reynolds

    Thomas R Reynolds Active Member

    I sent 2 ICG Morgan slabs coins broken out of the ICG holders to NGC. The ICG MS63 came back as a NGC AU53. The other ICG was an ICG MS62 which came back as an NGC XF40. So much for ICG stuff. I knew they would get downgraded but not by that much. Luckily I sent them in economy submission at $22 apiece along with 8 other coins so it didn't cost that much but it did take over 3 weeks to get them back. Both Morgans are now in the $100+ range so it was worth the $22 for grading.
     
  15. runninghorse1

    runninghorse1 Member

    Thank you all for this great discussion. From the ANA membership idea to the comment about finding a bargain in an ANACS or ICG slab, I learned a lot.
     
  16. Lehigh96

    Lehigh96 Toning Enthusiast

    While the first instinct of a reader is to challenge this advice by claiming that one should "buy the coin and not the holder" I have found that both things are true. Phil didn't say that there aren't nice coins in ICG or ANACS holders, he merely pointed out the FACT that you can't sell them for the same prices that you can NGC or PCGS holdered coins. My experience tells me that they usually realize the retail price of one grade lower than what is on their label. For example, consider the 1938-S Jefferson Nickel shown below.

    [​IMG]

    I purchased this coin for $37.50 and cracked it out of the ICG holder. The PCGS Price Guide for the 1938-S in MS66 is $45. I then sent the coin to NGC for grading costing me $20.

    [​IMG]

    After successfully crossing the coin to NGC at MS67, I was able to sell the coin for $178 which is above the greysheet value of $170.

    This is an anecdotal example that shows that ICG plastic simply doesn't command the same prices as NGC or PCGS and that if you purchase these coins you are going to be very disappointed when it comes time to sell unless you are prepared to spend the additional money to cross the coins into PCGS or NGC plastic. And this is where the "buy the coin not the holder" comes into play. Do you have the grading skill to evaluate an ICG or ANACS coin and correctly predict when it will cross into PCGS or NGC plastic. If the answer is NO, then you probably should just stick to buying NGC or PCGS coins to begin with.
     
    Stork, Jim Dale and wxcoin like this.
  17. Jim Dale

    Jim Dale Well-Known Member

    The comments above are very informative. I bought a couple of ICG and ANACS coins over the years. I don't plan on selling them, so, I leave them in their slab, mainly, because I like the coins. If I had bought the coins RAW, I probably would not have had them graded at all. I think that it is up to the individual as to their focus on collecting or buying/selling. Thanks to all.
     
  18. Conder101

    Conder101 Numismatist

    Yes I was being sarcastic. There have been many many cases where a coin in an ICG or ANACS slab languishes at a fair price getting no interest. It then gets put into a PCGS or NGC slab at the same grade or even a higher one and suddenly there is lots of interest and it sells to someone at a much higher price than they could have purchased it in the ICG or ANACS plastic. Exact same coin, the only thing that changed was the plastic. Coin didn't matter, the plastic did.
     
    wxcoin likes this.
Draft saved Draft deleted

Share This Page