Prices When Submitting Coins 1 1

[Invest In History Co.]

Just curious about which option I should choose when submitting coins for grading. Do I use the price I paid for the coin? Or the possible value of the coin? There's one coin I paid for that falls within in the 100 - 300$ economy option but the VF graded coin value starts at 500$+ which would make it fall within the standard option. 

Edited January 8, 2023 by Invest In History Co.
More clarity

[KaileeS CS]

Hi @Invest In History Co., thank you for contacting NGC.The value we ask you for is an insurance value, a number you would feel comfortable with in terms of a replacement value if your coin was lost or damaged while with us. We encourage you to be conservative as we do not reimburse you if you over-value your coin. With that said, you may want to consider the Economy tier, but it's entirely up to you. If your coin was grossly under-valued, we reserve the right to bump it to the appropriate tier.  

Good resources for determining the value of your coins are completed eBay auctions and the posted prices by large coin dealers. We do have a coin price guide on our website which might offer some information. These prices come to us from a third-party and are based on current auction pricing: US Price Guide World Price Guide

If you have any other questions, please let us know. 

[adamscotthi]

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Edited January 18, 2023 by adamscotthi