Does PCGS encapsule Ingots
mrcommem
Posts: 1,175 ✭✭✭✭✭
I have a 5 oz. San Francisco assay ingot from the late 30's to mid 40's. These ingots are about 1/4 inch thick, 2 inches long and 1 inch wide. Here is a picture of the ingot.
Does PCGS or NGC encapsule this size ingot?
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I know they do small ingots - let us know what you find out about larger ingots after calling them on Monday.
They do crickets so I don’t see why not 🤷🏼♂️
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They do the smaller shipwreck gold ingots, like this one from S.S. Central America.
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I would submit under speciality and oversized slab. They should do it.
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PS……get a true view and post it as it’s Uber cool!
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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Interesting piece of silver... Not sure if the 999.5 has been stamped over something, or what is going on there.... Ingot has been through some rough periods. I think they would slab it, but would call first to get the details. Cheers, RickO
I'd be shocked if they didn't, but I've been shocked by TPG's before.
P.S. I've always wanted one of those.
What a great piece.
Let us know how you make out.
Wayne
Kennedys are my quest...
When they encapsulate, do they also authenticate? Do they do anything but Mint bars?
We have auctioned a number of similar ingots, which are among those you can find through this link:
https://coins.ha.com/c/search-results.zx?N=51+338+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=silver+5+oz&ic4=KeywordSearch-A-K-071316
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Who does PCGS use to authenticate something like this?
Does a piece like that really need encapsulation?
Yes for sure. I have sent in half, one to 5 oz before.
I like it a lot. Do you have any statistics on this bullion pour. Peace Roy
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I wouldn't mind getting this one protected in plastic.
I bought one similar about 5 years ago from a local shop. I kept it for a little while but couldn't resist flipping it because of the premiums they were bringing. I sold it for around $500 if I remember correctly - they sure have gone up in value since then.
Click on this link to see my ebay listings.
A couple of years ago I handled the sale of this one:
https://brunkauctions.com/lot/san-francisco-silver-ingot-3982136 (quite similar to the one the OP shows)
To be honest, encapsulation never entered my mind
www.brunkauctions.com
You are right about the prices going up on these ingots. I bought the one in question for $800 around 2004-05. They seem to be up to $2500 to $3500 now. Some are more than that.
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I sent them an e-mail PCGS customer service and they responded a few days later. Toni Morse at customer service didn't know so she says she will find out and contact me later. That was on Jan 7. Still waiting.
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It's been two months since I e-mailed Cesar at PCGS. He was to find out if they encapsulated ingots this size. I have heard nothing. I emailed him again today. I hope I get some information this time.
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Can anybody here show us images of a SF Mint ingot in a pcgs slab? I’ve never seen one.
Doggedly collecting coins of the Central American Republic.
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Cool ingot!
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FWIW, I have had better luck getting answers when I telephone, as opposed to e-mailing.
Someone finally contacted me from PCGS. They will encapsulate the ingot so I sent it in. As far as I can tell its in its encapsulation stage and will soon be shipped. I will post it when it get here.
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Dahlonega Type Set-2008 PCGS Best Exhibited Set
Still waiting.
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Dahlonega Type Set-2008 PCGS Best Exhibited Set
PCGS finally got around to encapsulating my ingot. It encapsulated in a large size slab that is used for the 5oz silver coins like the ATB 5oz quarters. PCGS did not grade but gave it a genuine designation of 80. PCGS does not explain what this number means. Any ideas? On the slab it has:
PCGS Genuine
San Francisco Mint Type I
393, 169.81g, 999.5 Fine
917336.80/46756538
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Dahlonega Type Set-2008 PCGS Best Exhibited Set
How cool. I have no idea what 80 indicates? Maybe part of the 100 pt. scale?
I hope they expand and start grading vintage bullion. I'd think there would be huge demand given the amount of fakes being produced like crazy this day & age.
Click on this link to see my ebay listings.
I am GUESSING that it means genuine. IOW, it is an authentic, circa 1930, Type 1 hallmark, silver ingot from the SF Mint.
Interesting 'post/item'. FWIW, Ken Conway penned a brief overview of these pieces here. His website is currently "under construction". It should be interesting to peruse 'if/when' it comes online.
@PCGS_Moderator - Please consider adding this code to the PCGS Grading Standards. As far as I can tell, "80" is not currently defined, and this is causing confusion for customers.
Edited.
I could find several references to the new codes for Genuine slabbed coins. But they would just not say that 80 was the previous general genuine designation. This thread Don W states it in the OP. Note: it appears some of the other codes that the post references have been changed (or were incorrectly posted) as they are different from the current pcgs no grade codes. So it would appear pcgs is using code 80 for non-coin genuine slabs (maybe).
https://forums.collectors.com/discussion/694032/genuine-service-changes
And a couple of the announcements that don't spell out the code 80 but related to the genuine changes.
https://www.pcgs.com/news/new-genuine-service-for-problem-coins
https://www.pcgs.com/news/pcgs-revised-genuine-service
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Here is a picture of the giant PCGS slab. The same that they use for the 5oz coins
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Dahlonega Type Set-2008 PCGS Best Exhibited Set
That is adorable.
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