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NGC ASE Grading

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shootnstarz's Avatar
United States
477 Posts
 Posted 07/15/2013  3:39 pm Show Profile   Bookmark this topic Add shootnstarz to your friends list Get a Link to this Message Number of Subscribers
I am trying to fill out my collection of NGC MS69 ASEs in plain brown labels. I have several dates I need in BU that I'd like to send in to be graded and slabbed. Am I understanding correctly that once a member the cost for grading a modern coin is $14?

Can I request that if the coin does not grade MS69 that it not be slabbed? Or how can I be sure it will grade 69 before I send it in?

Or should I just look to buy ASEs already slabbed that will match?

I am brand new to coins and silver bullion, just started in January. I've gained some knowledge but learning more everyday.

Thanks in Advance,
Rick
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1916 D Merc's Avatar
United States
459 Posts
 Posted 07/15/2013  3:45 pm  Show Profile   Bookmark this reply Add 1916 D Merc to your friends list Get a Link to this Reply
I believe it may be cheaper to just buy the coins already slabbed NGC MS-69. That's what I would do.
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basebal21's Avatar
13014 Posts
 Posted 07/15/2013  6:01 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
If youre looking for 69s I would buy them that way like merc mentioned. There are instances where you can request things not grade if they dont get a certain grade, but generally thats for bulk submissions of 100 coins or more and you can only request things below a 69 dont get slabbed.
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westcoin's Avatar
United States
9794 Posts
 Posted 07/15/2013  9:13 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
Can I request that if the coin does not grade MS69 that it not be slabbed?


Yes but you will still pay for the time.


Quote:
Or how can I be sure it will grade 69 before I send it in?


You can't guarantee you will grade a coin the same as a TPG, heck even they can't grade the same coin twice and always come to the same conlussion, I've had a CC Morgan that I submitted 3 times to PCGS body bagged once for cleaning, then MS63 finally came back in a MS62 holder, I cracked it out and sold it raw my buyer, who then sent it in to PCGS for the fourth time, it got the MS64 I was hoping for on his first try.

I agree just buy them all slabbed in the grade you need from a dealer, but learn to grade, and buy the coin not the holder. To me all modern coins are the same in price MS68 and above, I would never pay a premium for a 69 or 70 grade on a holder, in a modern non circulating issue.

I also am in the camp there is no such thing as a true MS70 or PR70 unless the die was fresh the planchet perfect and dusted off then struck fully, and ejected into glove hands before being slabbed, since that doesn't really happen I believe 99.9% perfect coin should grade PR69 or MS69 and no better. The 70 grade was created by Dr. Sheldon as the ultimate in top end, meaning only a couple at best should ever obtain that illustrious grade, and during his life he never graded a coin a 70.

Too many coins are slabbed in 70 grades today, and many 68 and 69 graded ones I think are over graded.

My opinion only of course.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
07/15/2013 9:18 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 07/15/2013  10:18 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I have to weigh in on the side of "buy them in the 69 slabs already" as opposed to paying for having your own graded. Dealers send them in by the thousands (getting a bulk submission price, less than $10 each), trading off the lower grades for the percentage of 70's that will form their real profit margin. Nobody wants 69's - they go cheap in the marketplace. It'll cost you less in the long run, especially considering you'll be playing the same game of Russian Roulette as the dealers, only with a far smaller inventory.

By the way, you are extremely smart to be pursuing 69's instead of 70's. Especially with NGC, a large percentage of 70's don't deserve the grade.
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shootnstarz's Avatar
United States
477 Posts
 Posted 07/16/2013  08:52 am  Show Profile   Bookmark this reply Add shootnstarz to your friends list Get a Link to this Reply
Thanks for the advice, I really appreciate it.

So far, the only in my collection is my '96, it's a PCGS MS67 but I got it at a pretty good price, considering. I guess I should sell/trade it for a 69 brown label. What is a reasonable price for the aforementioned coin? I see them well over a hundred mostly, I only paid around $50 for mine several months ago.

In the case of my ASE collection I'm afraid I am buying the holder, I want all 28 to match. I'm not yet interested in obtaining all the mint marks or strike types, just want one form every year for now.

I envy all of you that were wise enough to get into this interest long ago. I'm getting into it at a time when prices are fairly high. One the flip side of the coin I was wise enough to see the firearm/ammo situation coming and did plan accordingly.

But, as all my firearms were lost in a terrible canoeing accident that was all for naught.

Rick
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