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I Didn't Realize The 10 Year Rule NGC Has... Just Passing Along In Case...

 
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Pillar of the Community
United States
1114 Posts
 Posted 02/17/2019  5:49 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
5. Deterioration of Certain Coins. The NGC Guarantee does not apply to certain Coins where the appearance of the Coin changes or deteriorates over time and such change or deterioration is responsible for any discrepancy between the assigned grade and the Coin's actual grade. NGC shall make the sole reasonable determination as to whether this deterioration has occurred. The following specific parameters apply:

a. In certain Coins, natural environmental deterioration may cause undesired features to appear, such as (but not limited to) spotting, hazing, PVC and corrosion. Spots, for example, can occur on modern silver Coins as a result of the minting process or other natural conditions over which NGC has no control. Therefore, the NGC Guarantee does not apply to Coins exhibiting any of these issues.

b. Coins made of copper, bronze and brass or are copper-plated can change over time. Accordingly, with regard to copper, bronze, brass or copper-plated Coins graded by NGC, the grade portion of the NGC Guarantee will no longer apply after the 10-year anniversary of their date of encapsulation by NGC. The expiration date of the grade portion of the NGC Guarantee can be found by entering the Coin's certification number in the Verify NGC Certification section of the NGC website or by contacting NGC Customer Service.


Since NGC doesn't state what "Certain Coins" are, and NGC solely determines whether deterioration has occurred, it looks to me like NGC has covered themselves pretty well, to include silver and gold coins not just copper.

At least with the a copper coin, doing a cert check tells you when the coin was graded
Pillar of the Community
Australia
700 Posts
 Posted 02/20/2019  04:14 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
So if the grade on copper coins expires after 10 years does that mean the coin drops out of set registries?
Bedrock of the Community
United States
12599 Posts
 Posted 02/20/2019  10:23 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So if the grade on copper coins expires after 10 years does that mean the coin drops out of set registries?


If the cert number gets killed at the end of the 10 years it would. I don't know if they kill the cert at the end, but I would think that they just keep it active you just can't ever use the guarantee for it
Valued Member
Australia
107 Posts
 Posted 03/26/2019  07:15 am  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
Some of our Australian pre-decimal coins graded by NGC-PCGS as RB look BN. Some graded BN look RB. Some graded RD look RB. Some graded RB look RD. Maybe one day we will have Aussie collectors grading our copper instead of Yanks...
Bedrock of the Community
United States
12599 Posts
 Posted 03/26/2019  10:18 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Some of our Australian pre-decimal coins graded by NGC-PCGS as RB look BN. Some graded BN look RB. Some graded RD look RB. Some graded RB look RD. Maybe one day we will have Aussie collectors grading our copper instead of Yanks...


Actually understanding what the designations mean helps a lot.

RED for PCGS is 95% or more RED
Red for NGC is 85% or more
Valued Member
Australia
107 Posts
 Posted 03/26/2019  5:08 pm  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
NA..The RD designation for Australian pre-decimal Bronze composition coins which have 97% copper-2.5% zinc and 0.5% tin should be a coin that is Full Blazing Mint Red. RB designation should be from half red half brown. There should be a BR designation where there is more than 50% brown. The BN grade is a coin that has no red or orange and is all brown..The Aussie way is Full Blazing Mint Red--Mostly Mint Red---Mint Brown + Red. Mint Brown...We play on a level field over here.
Bedrock of the Community
United States
12599 Posts
 Posted 03/26/2019  5:24 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
NA..The RD designation for Australian pre-decimal Bronze composition coins which have 97% copper-2.5% zinc and 0.5% tin should be a coin that is Full Blazing Mint Red. RB designation should be from half red half brown. There should be a BR designation where there is more than 50% brown. The BN grade is a coin that has no red or orange and is all brown..The Aussie way is Full Blazing Mint Red--Mostly Mint Red---Mint Brown + Red. Mint Brown...We play on a level field over here.


You're using your own standards and then criticizing them for not following your standards. They do it exactly how they say they do, so no they weren't wrong in their designations

BN should be essentially fully brown, anything with both should be RB if it doesn't qualify for RD. RB literally means Red Brown not less than 50% brown
Edited by basebal21
03/26/2019 5:27 pm
Valued Member
Australia
107 Posts
 Posted 03/26/2019  6:14 pm  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
"YES" I do use my own standards when buying a Australian penny or half penny. Will only pay the RD price if it's full blazing mint red. Will only pay the RB price if it's mostly mint red. I have been around to long as to go racing out to buy a penny just because NGC-PCGS reckon it's RD or RB...So as you know it's not the designation but the coin inside the slab...NGC-PCGS are not perfect, but it's a lot better than dealers+ auction houses who overgrade there raw junk...
Bedrock of the Community
United States
15952 Posts
 Posted 03/26/2019  10:37 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
OK so they will grade to their standards, and you will buy the coins that you like. Hmmm, buying coins that you like and not because of what the label says. Wow, what a concept!
Gary Schmidt
Valued Member
Australia
107 Posts
 Posted 04/02/2019  02:02 am  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
Glad I could help with the WOW concept..
Pillar of the Community
United States
2547 Posts
 Posted 04/04/2019  09:41 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
This is just a way for certification companies to keep getting money for re-certifying and re-holdering. Eventually the guarantee will drop from 10 years to 5 then to 2 years.
New Member
United States
26 Posts
 Posted 05/12/2019  01:38 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list Get a Link to this Reply
Creates a need to read the fine print at PCGS ! Alters my thought process on which coins to grade / store raw ...
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