Good Day.
The question I would like to ask you is not an easy one. In the good old days, that would be before the Covid epidemic, I submitted my coins to NGC for grading using standard fees, which I believe we around $30 per coin. I just submitted another round of coins to NGC for grading this time using economy services of $23 per coin.
I wanted to reach out to you with the following question. I have heard that PCGS is using only one grader for the economy category instead of the usual three graders. As I understand independent grading by multiple graders is now limited to premium coins in the standard category with declared value of $3,000 if I am not mistaken.
So, did I commit a cardinal sin by selecting the NGC economy category of services with a declared value of up to $300 for coins some of which are more valuable than $300 IN TERMS of the grading service? In other words, will my coins will be: one, graded by one person as opposed to three independent graders; and two, will my coins be looked down (graded lower) because I submitted them using the economy and not the standard submission category?
Based on your experience, do you mind sharing whether there is a direct correlation between coins' declared value and selected submission standard (economy as opposed to standard) and how NGS experts come up with the coins grade?
Thank you very much, Dan