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<p>[QUOTE=&quot;cpm9ball, post: 1053972, member: 24633&quot;]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 &amp; Conditions - Item #8), NGC will probably contact you to advise you that there will be a higher charge for both.</p><p>&nbsp;</p><p>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 &amp; Conditions states that their liability shall not exceed the declared value. Let&#039;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.</p><p>&nbsp;</p><p>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.</p><p>&nbsp;</p><p>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.</p><p>&nbsp;</p><p>So, you have to ask yourself, if the coin has a chance of receiving the higher grade, isn&#039;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.</p><p>&nbsp;</p><p>Chris[/QUOTE]</p><p><br /></p>

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