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PaulS.

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Posts posted by PaulS.

  1. On 11/16/2022 at 5:53 PM, Schiggity said:

    Hello all,

    New NGC member here. Question is, how often should I expect "Mechanical Errors" when submitting to NGC?

    First coin submitted under Standard tier was entered into their system incorrectly at receipt (my forms were all correct). Tried addressing it with them before grading when I saw it in Submission Tracking, and don't hear from them until after it's been shipped. They want me to send it back, pretty much as soon as it shows up.. for the "Mechanical Error". 🤦

    It really doesn't build trust that the coin made it through their whole process, and nobody caught something simple like the wrong year in their record (except by me, which went ignored). Trying not to overthink it, but does it risk improper grading having the wrong information provided to the graders? Guess I'm just wanting to know from other members if I should expect a lot of headaches. Thanks.

    Mechanical errors are quite rare, but NGC grades millions of coins a year, so some mistakes do happen. We correct Mechanical Errors and return them as quickly as possible. I apologize for the inconvenience! 

     

    Paul

  2. The NGC Star designation denotes a coin has exceptional eye appeal. While it shouldn't change or be removed on a regrade, due to the subjectivity of NGC Stars, they are not guaranteed under the NGC Guarantee. So, technically it could be removed, but likely won't be.

     

    Paul

  3. Naturally toned coins are graded as normal, and may even earn a star for eye appeal. There are thousands and thousands of naturally toned coins graded by NGC, so it is not true to say that all toned coins are graded Artificially Toned. 

  4. Yes, if it is actually struck from extremely cracked dies, it would likely be treated as an error. However, the US Mint has pretty high standards, and I would suspect that the coin might not be an error after all. Do you have photos?

  5. Numismatic Guaranty Company™ (NGC®) is excited to announce that it will hold a free coin grading contest at the 2022 ANA World’s Fair of Money (WMF) in Chicago, Illinois, taking place August 16-20.

    The NGC Coin Grading Contest will be open to anyone age 13 and older. Each participant will be given 10 minutes to grade 15 coins at the NGC booth (#1502) without any outside assistance. The coins will be a mix of countries, types and grades, and may include Details-graded and not genuine coins. Contestants will enter their grades on a computer provided by NGC.

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    Participants will be divided into three categories: Adult (age 26 and older), Young Adult [YAN] (age 18-25) and Young Numismatist [YN] (age 13-17). The contestants will be scored based on how closely their grades are to NGC’s grades, and prizes will be given for first, second and third place in each category.

    For both the Adult and Young Adult categories, first prize is a $300 NGC grading credit, second prize is a $200 NGC grading credit and third prize is a $100 NGC grading credit. The Young Numismatist category prizes are cash in the amount of $300 for first place, $200 for second place and $100 for third place.

    The top 10 finishers in each of the three categories will receive a special NGC “Sample Slab” with a 2003-S Proof Silver Illinois Quarter.

    All participants will receive a special free “Sample Slab” with a special pedigree only available to participants in the contest.

    To request a reservation for a time slot in the contest, which is being held from August 17th-19th, please email your name, age (as of the WMF Show) and day(s) you will be at the WMF Show to: contest@ngccoin.com with a subject line of “WMF Grading Contest.” You must be willing to have your name published by NGC if you win.

     

  6. Hello,

     

    There is no formal process to become a grader. Just years of practice or as a coin dealer. The closest thing would be the ANA's Summer Seminar, which offers excellent programs on counterfeit detection and grading, some of which are taught by NGC graders. 

    You could also apply to become an NGC authorized dealer.

    Paul