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NGC

joecheckjoecheck Posts: 533
in U.S. Coin Forum
Can anyone explain the NGC admission process? Is it better to join the Collectors' Society for $99.00 or ANA to submit to NGC? Does NGC hold up to PCGS with realized prices? Currently, my collection consists of:

'46 Walking Liberty (Minor toning on 1/4 of the reverse)
'61 to '63 Franklins
'59 and '61 to '64 Washingtons
'57 Lincoln Proof
'58 and '58D Lincoln
'59 Lincoln
'79 S Lincoln
2 - '77 S Jefferson

Which should I submit for grading? They are all 67+. The Franklins are 68+. One of the Franklins and one of the Jeffersons look FLAWLESS! I also have a bunch of error coins. All my other coins are lower grades.
Joe
CONECA #N-3446

Comments

  • fcfc Posts: 12,793 ✭✭✭
    on average, PCGS slabbed coins bring slightly more money
    because people have a perception that they grader tighter
    than NGC.

    hm. did i say that fairly enough?

    the coins are too modern for me to even make a suggestion.
    good luck.
  • CoxeCoxe Posts: 11,139 ✭
    You should be able to submit all but your '46 for the modern service, which costs less. Though they can ship together out, they will come back with the '46 separately and with its own postage. That makes sense, to me, only if you have at least 5 older coins to qualify for the cheaper service level.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • capecape Posts: 1,621 ✭
    my experience has been the only time that you realize the same money selling ngc coins is with the classics . And before anyone flames me ,remember this is my experience selling either on ebay or on the bourse floor.
    ed rodrigues
  • morganbarbermorganbarber Posts: 1,821 ✭✭✭
    I don't want to be a naysayer, but, depending on your years of experience in the hobby, you may be dissatisfied with the results. "They are all 67+. The Franklins are 68+"--This just doesn't sound probable to me. Sorry.
    I collect circulated U.S. silver
  • BillJonesBillJones Posts: 34,219 ✭✭✭✭✭


    << <i>my experience has been the only time that you realize the same money selling ngc coins is with the classics . And before anyone flames me ,remember this is my experience selling either on ebay or on the bourse floor. >>



    I think you are right, but I mostly sell the classics.

    From what I've seen PCGS rules when it comes to moderns. They control their market better. NGC has too many PR-70s and too many overgraded modern coins. And yes some of the NGC graded modern stuff I've seen is crap by ANY definition.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BillJonesBillJones Posts: 34,219 ✭✭✭✭✭


    << <i>I don't want to be a naysayer, but, depending on your years of experience in the hobby, you may be dissatisfied with the results. "They are all 67+. The Franklins are 68+"--This just doesn't sound probable to me. Sorry. >>



    Yea, it's a waste of money if these coins don't come back in high grades. For example he 1946 Walker is a "mistake" if it comes back MS-64 or lower because you won't be able to recover the cost of the coin and the slab fee when you sell it in the current market. Even an MS-65 is marginal given the risk factor BEFORE you submit it.

    When you slab most modern coins, it's high grade or nothing.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • DennisHDennisH Posts: 13,996 ✭✭✭✭✭
    You should submit the Franklins just for the educational experience of discovering how much the grading services can disagree with us.
    When in doubt, don't.
  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    "They are all 67+. The Franklins are 68+"--This just doesn't sound probable to me. Sorry.

    Ditto.

    I recommend you join the collectors society for the $99...they give you 5 free submissions...send the five you think will grade highest and sit back and wait...it will be worth the small investment to confirm/deny your grading skills.image

    Best of luck and continue to ask questions on the boards. We all need to learn more.
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • ModernDollarNutModernDollarNut Posts: 886
    Joe, maybe take your best 4 or 5 to a coin dealer or someone you know who has had a lot of grading experience to get feedback before you spend $$$s on plastic. (Are you using a grading lamp with an incandescent bulb within 1 to 2 feet of the coin? Also, you realy need a loupe to evaluate coins for possible MS68.)

    PCGS plastic is the only plastic for moderns, although NGC gets closer to PCGS money at shows where enough buyers don't know the difference. I deal in Ikes and SBAs and PCGS is about 1 to 1 1/2 grades stricter than NGC here, IMHO, so nice numbers on an NGC modern slab get about the next grade down compared to PCGS.

    I have put in a lot of time with almost 1,000 subs to PCGS over the past 2 years: won some, lost many. On average PCGS seems almost classically tight with moderns right now, and as much as I like that for the long term, it is brutal when one subs 100 1999 SBAs of which you think 5 or 10 are 68 and the rest 67 and then get back 30 67s and the rest 66.

    Wish you the very best and hope you're a better grader than I am!
    Rob
    Modern dollars are like children - before you know it they'll be all grown up.....

    Questions about Ikes? Go to The IKE GROUP WEB SITE
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    The big difference between ANA or becoming a member is that if you are a member you can track your submissions on the web page. They will show where they are in the system. An ANA submission you will not find out your grades until you have the coins in hand.

    As for the 67s and 68s...

    image

    Sorry, about that... But most everyone here has been there, paid for grading and got a rude awaking!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • mozinmozin Posts: 8,755 ✭✭✭
    I have no experience with modern coins, and I like it that way.

    Perhaps it would have been wiser for you to buy PCGS/NGC encapsulated coins, at least until you learn to grade consistently.

    Someone suggested you send in only five coins to see how well you can grade. Then, go from there. Worth a try.

    It was also suggested you take all your better coins and show them to a dealer to help you determine what is worth submitting. Since you already own the coins, in my opinion, this is your best route. Go to a PCGS dealer for this, and let the dealer submit for you. No need to join any club first.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • RussRuss Posts: 48,514 ✭✭✭
    Marty,

    I don't know why you're laughing at his grade assessment. After all, he is submitting to NGC. image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • Coinhusker1Coinhusker1 Posts: 3,560 ✭


    << <i>I don't want to be a naysayer, but, depending on your years of experience in the hobby, you may be dissatisfied with the results. "They are all 67+. The Franklins are 68+"--This just doesn't sound probable to me. Sorry. >>



    I'd like to see pics of these! image
  • MyqqyMyqqy Posts: 9,777 ✭
    Your collection doesn't sound very extensive. Instead of spending money on unnecessary grading fees, perhaps you could buy a few coin books and buy more coins....
    My style is impetuous, my defense is impregnable !
  • NgokLiNgokLi Posts: 156
    Correct me if I am wrong. I believe PCGS have never grade a 1961-63 Frankin half higher than 67.
  • joecheckjoecheck Posts: 533
    I am going to try to take a couple of pics, tonight, and post them. You guys know alot more about grading than I do. I am just worried about putting a scratch on one of them with handling the coins to take a picture. Is there a safe way to handle them? This may sound a bit DUMB but it really concerns me.

    PS: I'll use 5x magnification for the photos. Is that OK?
    Joe
    CONECA #N-3446

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