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<p>[QUOTE=&quot;justcallmedan, post: 3515135, member: 32231&quot;]A warning about submitting your coins to NGC for conservation.</p><p><br /></p><p>As you can read in the previous entries to this thread things went well with the conservation of my 1909 S VDB penny by NGC... a spotted ugly duckling worth about $700 based on the CoinTalk community input to a NGC conserved coin graded MS-63 RB and listed on NGC&#039;s Pricing Guide to be worth about $2150.</p><p><br /></p><p>Well... the coin was mailed back to me via USPS registered mail on Apr 29th and has sat in the USPS Coppell, TX sorting facility since May 2nd, five days now.&nbsp; That delay has raised my concerns about what happens if it&#039;s lost or stolen.&nbsp; A brief Google investigation turned up Coppell&#039;s bad reputation for losing packages.&nbsp; So naturally I started thinking about insurance on my package in case it was lost.</p><p><br /></p><p>I wondered how NGC valued the package on its return trip to me.&nbsp; When I provided my Declared Value on the NGC submission form I used $800 based on the input of this forum. It turns out that the return shipping of a conserved coin uses this same customer Declared Value to set the return shipping insurance regardless how successful the conservation was.&nbsp; </p><p><br /></p><p>THE LESSON: If you use NGC for conservation of a coin, set your declared value to the most optimistic outcome you can reasonably imagine/afford.&nbsp; If the coin is lost or damaged anywhere in the conservation, grading, or return mail process your declared value will be the maximum you will recover regardless of the conservation success.&nbsp; NGC reserves the right to pay you less, however.[/QUOTE]</p><p><br /></p>

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