Update 1/6/05: 1909 Gold Quarter Eagle (NTC slabbed) - submit to PCGS?

Millertime

I have a 1909 Indian Quarter Eagle that is currently slabbed MS63 by NTC. I've already gone throught the whole "NTC isn't the best and I probably paid too much" discussion on a previous thread I started (I couldn't find the link though), but now I want to submit it to PCGS to be graded and I have a few questions. I'm just looking to get an honest grade and make sure it's not counterfeit.


Should I remove it from the NTC slab before submitting it to PCGS?

Will PCGS determine if it's counterfeit?

How do I go about submitting it? I only have the one coin and dont' forsee any additional coins to be graded in the next few years?

What would the costs be involved?


I've read through the submission page and it's still a little fuzzy. It seems like my options are signing up with the collector club or having a local dealer submit it for me. I don't know what I should do. I would like to see it slabbed by PCGS in a reasonable amount of time and paying a little extra wouldn't kill me since it is only one coin. Any info would be greatly appreciated.

Thanks,
Millertime



Update 1/6/05 (in case anyone is interested):

I sent this coin to Mark Feld and his opinion is that it's authentic but has been lightly cleaned and IF PCGS will even slab it would grade as MS61. He's taking it to the FUN show to get another opinion and then I'll have to decide if I want it submitted. I'm leaning towards cracking it and submitting it raw. If it comes back BB then I'll slap it in an air-tite and proudly show off my first gold coin. If I can get it graded at least the grade should be closer to accurate and will look nice in the PCGS holder. Either way it's another coin out of an NTC slab. I'd be interested in some other opinions if anyone cares too.

Thanks again for everyone's helpful comments on this subject and others. It is appreciated.

Millertime

Bochiman

If in doubt, I would say don't remove it first.
Yes. PCGS will determine counterfeit/cleaned/etc. If you go for the crossover grade (still in slab), you state cross @ any grade (unless it is BB or counterfeit) or cross only same grade or higher (not likely from the NTC slab unless they got it right or underdid it).

Someone else that has done more submissions may help out more on the "how to submit". I know they are changing the criteria for the "lesser" coins....not sure if this is still ok to be solo-submitted (I would think it is since it is an older gold coin).

Yes, options are signing up for collectors club, submitting through a local dealer, finding a forum member/friend who has submittal privileges who you trust who will do it for you, or, I have heard that if you are an ebay member, you can do it that way as well (I don't know how, but I am sure some others can give you the pointer to how to do it).

Good luck!

K6AZ

Ron answered most of your questions. I will add though that if you send it in the NTC holder, as far as I know if for any reason it won't grade at PCGS it will come back simply as "DNC" (did not cross). For a single coin, with the new guidelines, I believe you will need to submit it under the $50 tier. Regular submissions are now a five coin minimum.

Millertime

I'm looking to get it into a PCGS slab regardless of grade. I just don't know how I go about submitting it and how much it will cost.

Thanks,
Millertime

relayer

I would crack it out of the NTC slab because (a) it will probably just come back DNC and you'll never know why; (b) if it's a counterfiet it will come back in a body bag from PCGS ungraded otherwise you'd have a counterfiet in a NTC slab (c) if it's genuine it will be in a PCGS holderl, albeit maybe AU58 instead of MS - or it could grade higher also.

You would probably be better off going through a dealer - probably cheaper than the $50 + S/H/I direct to PCGS as a single coin.

Coppernicus

Millertime - Given the information you supplied, I would crack it and send it in as a raw coin. I can't verify this, but I get the feeling that PCGS is a bit "snooty" when it comes to other TPG's holders. I always crack out and submit raw, even with NGC coins. I've had a fair amount of success this way.

BTW, don't get your hopes up on an NTC 63 - it may come back AU at PCGS.

Mike

darktone

Post a good picture of it here. A few of here can tell you if it's worth spending $75 to try to get it in a PCGS holder. I can tell you from what I have seen of NTC coins that it will more than likely not cross at the same grade and be lucky not to body bag.

ziggy29

If a good picture here would suggest it looks authentic, then I'd suggest crossing it over in the holder and requesting a cross at any grade.

Millertime

I'll try again to get a picture but so far I haven't had any luck. I've reviewed a few of the posts talking about the counterfeit gold and I don't think it's counterfeit. As far as the grade goes, based on previous threads about NTC, I would expect it to be a lower grade. I do want to have it slabbed by PCGS or at least know what I have.

If there's any of the regulars on this forum that would be willing to let me send it to you and have you take a look at it, (give me a guess on the grade and if it's counterfeit) then submit it to PCGS to be slabbed that would be appreciated. Someone that's dealt with submitting gold to PCGS would be a big plus.

I still don't know if I should crack it or send it in the holder, what cost is involved, etc...

I would pay all shipping costs, submitting costs, and reasonable costs for your time.

Thanks,
Millertime

coinguy1

Millertime, I'd be happy to inspect the coin for possible submission to PCGS. Please check me out first, and if you wish to proceed, just PM me for specifics.

Millertime

<< <i>Millertime, I'd be happy to inspect the coin for possible submission to PCGS. Please check me out first, and if you wish to proceed, just PM me for specifics. >>



Thanks for the offer. PM sent.

Bochiman

Millertime,

Mark is one of the gents you can trust. Sounds like you already have a PM with him going and that is great.
If you work with him, you will be in good hands.

I do agree with what Mark said.....anytime someone makes you an offer, esp with a gold piece or expensive item, check them out. In this case, I think everyone on the forum will vouch for Mr Feld.

K6AZ

<< <i>I think everyone on the forum will vouch for Mr Feld. >>



Absolutely, and I would trust him with a coin of any value.

Millertime

Thanks for your comments everyone. I'm sending the coin to Mark Feld and he'll be taking it to the FUN show with him before submitting it to PCGS for me. The coin isn't that big of a deal but it's my first gold coin, and it's been a huge learning experience, so I can't wait to see what happens with it.

Thanks again Mark.

Millertime

Millertime

TTT

airplanenut

If it's possibly cleaned, why not send it to ANACS? Cheaper and it'll slab so long as it's genuine.

Jeremy

Millertime

<< <i>If it's possibly cleaned, why not send it to ANACS? Cheaper and it'll slab so long as it's genuine.

Jeremy >>




That sounds like it could be a possibility. Can anyone give me an idea of what kind of hit on points a cleaning causes. Using my coin as an example let's say it's graded as an MS61 but it's lightly cleaned. Any ideas on how many points ANACS would take off for the cleaning? Would it net as an AU-58, MS60?

Thanks
Millertime

dorkkarl

how much did you pay for it? if you paid cheap enough, there's a chance it's worth MORE as a c/f then the real thing, esp. IN THE NTC SLAB.

i am not kidding here, it's worth your time to find out.

K S

Millertime

<< <i>how much did you pay for it? if you paid cheap enough, there's a chance it's worth MORE as a c/f then the real thing, esp. IN THE NTC SLAB.

i am not kidding here, it's worth your time to find out.

K S >>




I Paid $540 for it. Please explain why it would be worth my time?

Thanks,
Millertime