Submission Questions

[redbird97-migration]

Hi, I have a few questions on the mechanics of submitting coins.

 

1) The economy plan says that no coin shall be worth more than $300. Is that an average for the 5 coins I submit? What if I have a coin I think is worth less than $300, but NGC grades it to a value of over $300? I have a few coins in that catagory.

 

2) Where does it tell you how to package your coins for shipment?

 

Thanks much

Hugh

[gmarguli]

1) The economy plan says that no coin shall be worth more than $300. Is that an average for the 5 coins I submit? What if I have a coin I think is worth less than $300, but NGC grades it to a value of over $300? I have a few coins in that catagory.

 

No, it is the value of each coin. No single coin can be worth more than $300. You cannot submit 4 coins valued at $1 each and one coin valued at $1496.

 

If a coin grades high and it is worth more than $300, NGC has the right to charge you the Early Bird fee. However, don't expect to get charged the higher fee if you're over by just a little.

 

 

2) Where does it tell you how to package your coins for shipment?

 

Not exactly sure what you mean. In flips and sent to the Registered Mail?

[jgrinz]

hehhe .. I am sorry I have no patience for this type of question

( Is patience the right word ) I dont know but thank god above for the big "G"

 

I wish I were he sometimes

 

 

the little "M"

[ldhair]

It's great that folks here answer questions without the BS.

[redbird97-migration]

Well, I suppose it would have been too hard to tell me were to find the information?

[Bruceswar]

I think Greg answered your questions fairly well. You will just simply need to put your coins in flips and send them in the mail. Good luck with your submissions.

[WinstonWare]

The only other thing that comes to mind is that they ask that you put a piece of paper in the first slip that has the invoice number of your submission

[Beijim]

Hi and welcome,

 

I know from experience the procedure can be unclear before you've submitted once or twice. I'll fill in some of the blanks.

 

First, Greg's answer about per-coin values is spot on (as his answers usually are). All values in the NGC SERVICES charts are per-coin, not aggregate. As an aside, the NGC Submission Form (whether paper or online) requires that you specify your estimate of per-coin value for each coin you submit. From previous posts in "Ask NGC," I understand these values to be for determining how much insurance NGC should apply to its shipment back to you. I'm uncertain whether the values you provide have any bearing on the grading tier per-coin value. Perhaps someone could clarify that for us.

 

Second, about where it tells how to package coins. There used to be such a page awhile back on the NGC web site, but I was unable to find it for you. I'll tell you how I do it - I've never had any problems.

 

First, I assume you've joined the Collector's Society so you can submit directly to NGC. Log into the Collectors Society web site and click the "Submit U.S. Coins" link on the Coins menu at the left end of the black menu bar. Follow the instructions to create your submission. Each submission (i.e. all the coins you're mailing in a single package) consists of one or more invoices. Each invoice corresponds to a particular combination of grading tier and/or service so that all coins on a given invoice receive the same treatment. For example, you would normally submit modern coins for grading on a Modern tier, No Service invoice, while you'd submit previously graded (NGC) coins for reholdering on a No Tier, ReHolder invoice.

 

Once you've completed the invoices, you specify any special instructions (e.g. you might request "FIRST STRIKES" inserts for coins on an eligible invoice, or that certain coins be placed in a MultiHolder), specify your form of payment, and then save the submission. At this point you can print two things: invoices and flip inserts. You should print four (4) copies of each invoice and send three (3) to NGC with your submission. Then you can print flip inserts to cut out and place in the pocket of each flip opposite the coin.

 

Now you're ready to package your coins for shipment. Leave entire proof or mint sets in their original U.S. Mint packaging (plastic cases or sleeves) - just send the whole thing and NGC will remove the coins. I recommend leaving modern commemoratives, proof bullion coins, and the like in their original plastic capsules - NGC will remove the coins. In all these cases, NGC discards the packaging (i.e. they don't return the capsules or cases or sleeves to you).

 

For raw coins outside of capsules or sleeves, places each in a separate flip along with the insert you printed above. Fold over and crease the flip. Rinse, lather, repeat. Don't staple or tape flips - NGC discourages that.

 

Finally, pack all the coins along with three (3) copies of each invoice (don't forget to sign one copy of each for credit card payments). I generally do this by rolling the separately flipped coins into small-bubble bubble wrap so that the coins are protected both from each other and from the effects of the outside world (i.e. drop kicking and such other sporting activites in which the USPS might indulge).

 

Send the package to the address provided on the invoices. NGC recommends insured Registered Mail. I generally use insured Priority Mail unless the package is really valuable. Insure at your discretion.

 

Once you've done it, it's pretty simple. The key is to package securely but not excessively and to indicate your intentions clearly inside the package if the invoices leave any doubt as to the specific services you seek.

 

Hopefully these comments will make your first submission easy.

 

Good luck,

Beijim

[Coin]

Hello Hugh /Redbird97 and Welcome!

What everyone has said so far , kudos .

I'd like to add that the small charge for removing coins from mint holders (plastic), about a buck ,if I remember correctly , is a small price to pay rather than possibly scratching a coin or dropping it when ya pop one of those babies open....also , they only charge the buck once for the mint sets(per set) as well ( you know , like the plastic sleeve with the Denver circulated set of 50,25,10,5, and 1 cent coins) as opposed to 5 bucks .

 

The value of each coin you send them should be close to what the market value to replace that coin would be ....based on your best determination of actual grade....if you (sorry...I have no idea of what your grading abilities are) have doubts of your grading skills , then consult a reputable coin dealer you trust or learn to grade .

 

The majority of the folks here lean towards learning to grade your coins before you start sending coins in hoping for un-realistic grades to come back.....If you are experienced at grading ...then 'nuff said I'm preaching to the choir .

 

Me, I'm way too conservative with grades and on occasion have sent in what I thought to be one grade and have it come back a grade or two higher , but NGC has NEVER beaten me or lumped me up and tacked on additional charges ....of course if ya sent in a coin as valued for F-12 and it graded MS68 ...then you are gonna probably hafta worry about it .....the amount of insured value of the graded package sent back to you is an issue here as well . Say you got a damaged return package....how are you gonna value to claim? What is NGC gonna be held for if the coins are lost after they get them before grading?(never had this prob)

Don't get bent too hard over the value thingy , as long as you are fair and close , it should not be a problem.

I sure hope I do not come across as being too critical and hope any of what I have said might be of some use to you .

[zrlevin]

It is now free to have NGC remove coins from mint capsules.

[Coin]

Yeup ! Thanks Z