Hello! I have a 1915 Indian Head Quarter Eagle I'm interested in submitting to NGC for grading and I have a few questions about the process, considering this will be my first time. If I shipped the coin to NGC directly, I would have to pay shipping and insurance. I have no experience with insuring coins. What should I use to insure the coins? How? And also, for how much? From the research I've done, it would cost me about $50 to insure the coin, which I'm guessing is much more than I need to pay. Another question is regarding in-person grading. To avoid shipping issues which would be very concerning, I would be interested in doing walk-through service at the ANA World's Fair of Money next year in Rosemont. If anybody has experience with this, I would appreciate a response from you. I can't seem to find fees, requirements, etc. for walk-through service at the show. Another thing is that it is only one coin I would like to submit in that tier, so any tier that has a 5 coin minimum (or anything greater than 1) would not work for me. Thanks for the help
If you are an ANA member you don't have to join NGC. I'm not sure but a walk-through at a show used to run about $100. I don't think it's worth having one coin graded. What would you value your coin at?
I am an ANA member. And I agree that walk-through is not exactly affordable. I would estimate the coin to be valued somewhere between $350 and $450. I know I wasn't doing shipping and insurance right when I decided that walk-through at a show would be cheaper than paying shipping and insurance along with the tier cost and handling fee. By the way, nice profile picture
You probably already found this. It's a link to the fees page. https://www.ngccoin.com/submit/services-fees/
Yes, I have. I know that I would need "Specialty Gold," which would be $30, plus the $8 handling fee and then $5 for the scratch-resistant holder, which would be a total of $43 for the actual grading, plus shipping and insurance fees. I wasn't sure if walk-through at the show is more expensive than the regular walk-through or not. Mostly, I need assistance for shipping and insurance if I go that route or if I should just wait for the show and choose walk-through.
I love eagles too. The best deal is to have several coins and drop them off at the show. They are nice folks to work with. They help you get the paperwork done and you only pay shipping and insurance, one way. One other option if you have a dealer friend at the show. They could submit your coin along with stuff they are doing. That can be a mess and probably won't save you much. One thing is for sure. The services make money.
Best bet would be to get in on a piggyback and split all the costs on shipping. That’s where the price racks up quickly. Sending to and from registered mail could cost you $60+ alone. I posted here a little while back when I was doing my last submission that I would take anyones sub that wanted to go in one the group order. Most of the people were from Instagram, but one member from here did have me submit for him. You can see his results HERE I think the split shipping on the last order was $17, which included return shipping to the owner. One coin returned from NGC is like $21 or $23.... Also, if you have a local shop you can have them do it for you if they submit to NGC or PCGS. Most of the time they'll ship it for free or cheap if they're sending coins in as well. It makes it easier when you send in more coins, then you can justify the shipping a little more spread among 10-20 coins.
Thanks for the help! I might ask around at my local coin dealers or ask dealers at some of my local coin shows about submissions. I thought dealers generally only sent their own coins for grading. My shipping and insuring dread may come to an end
Post a pic here, we can see if it's worth grading. It shouldn't cost $50+ to ship and insure a coin to them, unless you are insuring it for several thousand or something.
Thanks for the recommendations If they can help me with everything at the show, I will probably just go that route.
Here are the pictures of the obverse and reverse of the prospective coin. But yes, I know shipping and insurance should not be over $50, so I know I am looking in the wrong places.
Thanks! If I wait until the ANA World's Fair of Money next year, that will be a while. If I choose to ship it to NGC, I need to find out how to ship and insure affordably. If you have any suggestions to prevent exorbitant shipping and insurance prices, please let me know
Nice coin, but personally I would not pay the grading costs. I would keep it raw. Looks to be nice AU coin to me.
Thanks for your feedback! Based on grading fees alone, I would get it graded. But, when you add on shipping and insurance fees, the prices go up very quickly, especially when you're only getting one or a few coins graded.
Cost to ship to them would be flat rate Priority box $7.20 and Insurance for $450 is $6.80 They ship back registered I believe and that is costly for a single coin. If you are shipping them several coins and the value is over about $1200 it becomes cheaper to ship to them by registered mail. The regular insurance rates rise quickly and the Registered insurance rates are much lower. The break even point is around $1200. Declared value less than that Priority insured is cheaper, greater than that Registered is cheaper, and as the value rises Registered quickly becomes a bargain. A $5000 priority insured costs $66.35 for insurance. A $5000 Registered package costs $22.50 for insurance. If you want to price insurance cost youself https://pe.usps.com/text/dmm300/Notice123.htm Scroll down to Services & Fees and click the link labeled Extra Services and Fees. The rates for regular insurance (First class, Priority etc) are in the right hands column. If you scroll down a page or two the rates for Registered mail are in the left hand column. Oh, if you want a signature to be required, it's an extra $6.10 for the Priority, Or you can just get a return receipt for $2.75. All Registered mail has to be signed for and it is included in the Registered mail fee.
Thanks! I talked to a local dealer about it and they're willing to send it in for me in a PCGS shipment for $50, including shipping and insurance. They told me they'd do it for $50 to NGC as well, but they'd require at least 5 coins.
I also have a question about NGC , I have one of the 2019 Rocketship sets that I want graded and NGC said that the mint shipping box must be sealed and unopened to get that distinction , is this true ? my packing slip is still inside the box
I was reading on another thread to NOT insure your package with the Postal service, UPS or fed ex as the handlers can see a value on the box and problems can occur. DO insure just not with the carrier...
