another 25th ase, about grading

NGC got my 5 sets today. I will post the results and how long it took to grade once I find out.

 

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can't decide - to grade or not to grade

I sit looking at this sealed box. It's taunting me. I want to look at, and hold the coins. Or does it make more sense to submit for grading in hopes of getting 70's back. To have coins subjectively graded but infinitely more valuable. I like slabbed coins, just not my eagles. But the potential ROI if graded is quite substantial.

I have three sets, and wanted to grade two - and sell one.

I wish someone could tell me what to do!

 

The grading companies will make a bundle on this scam about not allowing you to see the coins you are submitting.

I fear that there will probably be many disappointed people.

I sold three sets of my five. I made enough money to pay the Mint for all five sets plus I bought a roll of bullion ASE.

No need to be greedy. IMHO

 

Open it and submit the two rare coins if they look good.
The whole label thing for the common coins is silly.

 

Can anyone confirm if NGC will take the "S" and "RP" coins alone WITHOUT mint packaging? Their website says they'll take opened packaging for the "S" an "RP" but what if I want to leave the original packaging at home? IE - Save shipping $$$.

Can anyone confirm this?

 

This seems logical, I don't see why they wouldn't accept them in only their capsules.

 

Can anyone else confirm? I trying calling but they're closed on the weekend.

 

Confirmed
Note: If NGC receives the package unsealed, only the reverse proof and S mintmark coins will receive the NGC 25th label. All other coins will get NGC’s standard brown label with 25th Anniversary in the coin overprint.
http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2409&NGC-label-for-25-anniversary-eagle-sets

 

hmm, I wonder what that means in terms or resale?

 

Does unsealed packaging suggest that the original cases and everything need to be sent to NGC though? What if I only want to send the coins...

 

You should only have to send the reverse proof and the S bullion coin in the airtite it came in and you will get the 25Th Anniversary Set label. I did the same with the reverse proof in the 2006 set. NGC knows those 2 coins only came from the Anniversary Set so they get that label. You just have to select Modern Special for the grading Tier. Hope this helps.

 

It's only going to matter on the reverse proof and the S coin. Grading the bullion coin is a waste of money. It might matter a little on the other non-unique coins, but the label queens are only going to be concerned about the two unique coins.

If you get a 69 grade, tear it out of the slab and put them back in the mint issued box. It will be worth more that way.

 

Follow up to my earlier posts, and to summarize what I've learned...

1) PCGS stated that if you take them to the Vegas show you can open them in their presence, decide which ones to submit and they can either do modern service at $14/coin, FS at $32/coin, or on-site grading at those rates plus a surcharge of $65/coin (in addition to the $14 or $32 of course). PCGS coins submitted in sealed boxes or opened in their presence will get the special 25th Anniversary Set label regardless of what level of service you choose. I think that is probably the route I will take but will watch the pop reports online and see what people post their results are for those who send in and get results before Vegas.

For a full box of 5 sets/25 coins, it would cost $387.95 for modern service or $837.95 for the FS labels. If you want on-site grading, you save the $29.95 shipping but add a whopping $1,625 to pick up the coins the following day. Total fees = $1,983 for modern service or $2,433 for FS labels!

2) NGC will only do mail in submissions at $17 if you want the ER label, $14 if you want a regular service - either level will have a special 25th Anniversary Set if you submit them in sealed boxes. If you want the OGP returned (and who wouldn't), it will cost an extra $1.00 per set (not per coin) for return of the OGP plus the capsules. If you send it only the capsules only the RP and S-Proof will get the 25th Anniversary Set labels and the other three coins will get a 25th Anniversary black label but will not state that the coins were part of the set.

For a full box of 5 sets/25 coins, NGC will charge $394.45 for modern labels or $469.45 ER labels. All coins received in house before Dec 8 will automatically be labeled Early Release unless you mark the submission form "No Early Releases." If you want the OGP returned add an additional $5 for the return of all boxes and capsules and be sure to clearly mark the submission form with "Return Mint Packaging" and you get the good stuff back too.

* If the PCGS and NGC population reports are coming in at similar splits between 70 & 69, I will probably submit to PCGS. My experience has shown that where PCGS usually grades 1 out of 3 moderns as MS70 or PF70, NGC will usually grade 2 out of 3 as MS70 or PF70. Personally, I am hoping that the grades will come in a little closer between the two companies so I can bring them to Vegas directly and then I will leave the coins for shipping back to me to save a bit on fees.

Probably I will keep the 70s for myself and sell the 69s (now or later) to pay for the substantial investment (close to $1900 a box or more) of a graded box of 5 sets. Just my plans, but I thought the summary might help people decide as well.

If people could submit the grades as you find them out, I am sure we would all appreciate knowing.

Thanks!

 

If I keep my sets in a sealed box for say 2 years then decide to send them in for grading am I still able to get first strike/early release labels on them?

 

My understanding from PCGS is that if you keep them in the sealed box you get the first strike labels but that NGC only gives the ER labels if received in house by Dec 8, regardless of ship date.

 

No, it will be too late.

They'll probably discontinue the whole First Strike label program by then anyways.

 

hmmmmmmm............two different answers, so who's correct?

 

I ordered 2 sets and 1 set, was planning on sending the single order for grading but I suspect my second order wont go through, can I send the first order unopened with 2 sets to NGC and only grade the higher of the sets? that way I keep 1 original 1 graded

Read more: http://www.cointalk.com/t194908/#ixzz1dhf7w8ZK

 

You could call the grading company, they might work with you if you only want one set graded, but they wouldn't let you pick the higher unless you paid to get both sets graded. What I am doing, is to have them all graded, but pay the extra $1 to have the OGP returned so I can crack one set out and return them to OGP.

 

Isn't that an extra $100 though? Or are you taking the chance of getting 70s?