NCS and re-grading of Liberty Nickels (new info.)
ldhair
Posts: 7,232 ✭✭✭✭✭
I have a group of Liberty proof nickels in early PCGS slabs. Grades from 64 to 66. Some
have a little haze or minor spots. I’m sure NCS could help bring these back to life. I
understand NCS will forward them to NGC to re-holder but, I would rather have them in
PCGS slabs to match the rest of the set.
How does this work? Do I just send them to
PCGS as raw coins and the fact that they were in their slabs before not matter? Say I did
go with NGC, would they know what they were graded before or does it matter?
I hope my question makes since. My worst fear is that they will come back 2 points down or in
bags. The set as a whole is nice and I hate to screw it up. Would love to hear your thoughts.
have a little haze or minor spots. I’m sure NCS could help bring these back to life. I
understand NCS will forward them to NGC to re-holder but, I would rather have them in
PCGS slabs to match the rest of the set.
How does this work? Do I just send them to
PCGS as raw coins and the fact that they were in their slabs before not matter? Say I did
go with NGC, would they know what they were graded before or does it matter?
I hope my question makes since. My worst fear is that they will come back 2 points down or in
bags. The set as a whole is nice and I hate to screw it up. Would love to hear your thoughts.
Larry
0
Comments
If you are worried that the coins won't regrade the same or higher then maybe leave them as is.
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
"Do I just send them to PCGS as raw coins and the fact that they were in their slabs before not matter? Say I did go with NGC, would they know what they were graded before or does it matter?"
If you choose to have PCGS grade them after NCS has conserved them, than yes, you just send them to PCGS raw and the previous grades become irrelevant.
If you choose to have them graded by NGC, instead, you can purchase a "grade protection" option for 1% of the insured value of each coin, so that if the grade ends up being lower rather than the same or higher, NCS will make up the $ difference. I believe it is a great low cost option. I think, but am not certain, that NGC will know how the coins graded previously but they will call them as they see them, once they have been conserved by NCS.
I'd also suggest that you post these questions on the NGC forum - you might receive a direct reply from an NGC or NCS employee there.
At least that is what the ncs web site say's as well as all the paperwork they sent me.
The grade protection option is only good if you are willing to have NGC grade the coin.
I believe the coins are submitted to NGC as raw coins without them knowing the original grade, but they do know they came thru NCS.
Their web site and paperwork say "Only coins that have been previously graded by NGC or another grading service pre-approved by NCS shall be eligible for this program".
And the only thing ncs mentions in their paperwork about approved grading sevices is that currently the only approved grading service is ngc.
Kind of confusing. Maybe they could list their "pre-approved" grading services for grade protection to make things more clear.
Once in the NGC holders I could try to cross them over. I don't mind the extra bucks. I think it's something that needs to be done.
Thanks to all for the ideas.
It would be great if you could follow-up a couple of times - once when you get the official answer on PCGS-slabbed NGC grading protection, and after you get through the final results. I am very interested in the whole process.
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
NCSSilliman replied to your post at the site: .
http://boards.collectors-society.com/showthreaded.php?Cat=&Board=askncs&Number=87779
Idhair:<br /><br />Thanks for the question about Grade Protection.<br /><br />Grade Protection is a service option that can be used when submitting all certified coins to be conserved and then graded by NGC. (When I say certified I am refering to coins that have been graded and encapsulated by any grading service--PCGS, NGC, ANACS, PCI, SEGS, ACG, NCI, ICG etc, etc, etc...)<br /><br />Grade Protection is similar to insurance. It works as follows:<br />If we decide to conserve the certified coin, it is removed from its holder, conserved and then submitted directly to our official grading service, NGC, for grading and encapsulation. If the coin does not at least maintain is original grade at NGC and the submitter has selected the grade protection option, NCS will step up to the plate because we stand behind our efforts and remedy the situation by either 1) exchanging the coin with an equivalent coin at the earlier higher grade; 2) credit your account with the difference bet!
ween the current fair market value of the current lower grade and the earlier higher grade; 3) purchase the coin at the current fair market value of the earlier higher grade.(the specifics of the Grade Protection option can be found on our website).<br /><br />Grade Protection obviously can not be applied to an uncertified coin. It can also only be applied to coins that are submitted directly to NGC by NCS after conservation.<br /><br />Grade Protection is an additional fee of 1% of the declared value of the coin with a $5 minimum. <br /><br />I think it is also important to note that while we offer those three remedies to make up for a coin grading lower, if the coin grades higher after conservation, we DO NOT CHARGE YOU MORE. <br /><br />I hope this information helps clarify the policy. Please do not hesitate to contact me should you need additional information or have other questions.<br /><br />Continued success with your coin collecting,<br />Brian<br /><br />