I have a couple of questions regarding TPGs. 1. Why is it harder to grade a 1954 Lincoln than a 1955? A 1955 would cost me $12.50 with NGC, but a '54 would cost $16. 2. What if I ship my coin to a TPG in a 2x2 mylar flip instead of a 2 1/2 x 2 1/2? I don't need a 2 1/2 to hold a Lincoln Cent. Will they deny it?
One more question- Value? Who knows? A 66 might be worth $100 while a 67 could command $2000. Am I not asking them to basically assign a value?
It's not harder to grade but they charge less for "moderns" and you have to pick a cut off date somewhere. If they cut it off at 54 you would be asking the same question about 54 and 53. And no they will not reject your submission if you use 2X2 flips instead of 2 1/2 X 2 1/2
NGC has different tier charges based on the value of the coin, and the value you declare is also used to determine the insurance charge. If you misrepresent the declared value to save yourself the higher cost of another tier charge or the insurance charge (Terms & Conditions - Item #8), NGC will probably contact you to advise you that there will be a higher charge for both. The declared value is also used to determine the limit of liability NGC assumes while your coin is in their possession. Item #5 under the Terms & Conditions states that their liability shall not exceed the declared value. Let's say that you declared the value based on a grade of MS66 at $100, and the coin actually graded MS67 which is worth $1000. If NGC lost the coin, their liability is limited to $100. The charges you contemplated paying for an MS66 would have been: Economy Tier - $16; Insurance - $11.50 for a total of $27.50 excluding shipping. If the declared value had been based on a grade of MS67, the charges would be: EarlyBird - $30; Insurance - $14.45 for a total of $44.45 excluding shipping. So, you have to ask yourself, if the coin has a chance of receiving the higher grade, isn't it to my advantage to estimate the declared value based on the higher grade? It would surely be worth the extra $16.95 if it did receive the MS67 and was subsequently lost. Chris
I understand if they have the category that they have to pick a date, but why have the category to begin with? Why not price all coins the same as long as they fall into the lower value tier?
Thanks Chris. Let's say they were grading an expensive key date coin; would they give it more attention than if it were cheap common date? I can understand the value and how it affects the insurance fees, but why does it affect the grading fees? Jody
Thanks Chris. Didn't mean for you to have to go to all that trouble, but I will be interested in hearing the answer.
No, it does not cost more to grade non-moderns, but they also insure all coins they grade. Your reference for 54 and 55 is quite fitting for Lincolns. A 1954- MS67 is a $1,000 to $2,000 coin as compared to the 1955- MS67 at about $400. Even the 1954 in MS66 is a $100+ coin while the 55- is about $20. The more expensive the coin is, the more they have to loose if there are problems.
