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<p>[QUOTE=&quot;gmarguli, post: 118659, member: 246&quot;]<i><b>I&#039;m not sure how it worked last year, but currently NGC requires a minimum of 500 Silver Eagles submitted in order to get the First Strike label.</b></i></p><p><i><br /></i></p><p><i>&#039;First Strike&#039; has absolutely nothing to do with the number of submissions.</i></p><p><br /></p><p>Correct. I&#039;m just pointing out that in order to get the First Strike designation, you need to submit in quantity. Therefore, the population Midas was referring to is skewed since those will be from bulk submissions where they have requested a high minimum grade, so you will very likely not see any low grade coins listed as being certified in the First Strike category. </p><p><br /></p><p><br /></p><p><i><b>NGC currently accepts MS69 as the highest minimum grade they will accept.</b></i></p><p><i><br /></i></p><p><i>Huh?</i></p><p><br /></p><p>When you submit a coin, you can request that it not be slabbed if it will NOT meet a certain grade. In this case, you can submit a giant lot of mint state Silver Eagles and tell NGC not to slab those that don&#039;t grade MS69 or higher. Those coins that would have graded lower than MS69 are not slabbed and the submitter is not charged for this submission.</p><p><br /></p><p><br /></p><p><b><i>Therefore, any coin that would grade below MS69 would not be slabbed and would be returned raw to the submitter with no grading fee charged.</i></b><i></i></p><p><i><br /></i></p><p><i>I&#039;ve been under the impression that the fee is charged before the grading service. Can you point this out on NGC&#039;s website? </i></p><p><br /></p><p>For regular submissions, this is true. However, for Bulk Submissions this is not true. In order to view this policy, you need to login to the DEALER section of the NGC web site. Bulk submissions are only available to dealers. However, I&#039;m sure you can call NGC and they will give you the same info I have given you. Ask for Scott who does their bulk submissions.</p><p><br /></p><p><br /></p><p><i><b>As a result, the pop reports seem to show that all the coins submitted graded MS69 or higher, when in fact this is not the case.</b></i></p><p><i><br /></i></p><p><i>I&#039;m looking at a different pop report than you obviously, because this one has 68&#039;s and 67&#039;s and 66&#039;s for that matter.</i></p><p><br /></p><p>Midas was referring to First Strike graded coins. Those are listed right below the non-First Strike coins in the pop report. The First Strike pop indicates only MS69 &amp; MS70 graded coins.[/QUOTE]</p><p><br /></p>

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