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 Replies: 18 / Views: 3,364 |
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Pillar of the Community
United States
3789 Posts |
Ok..... I just received my 2014 uncirculated eagle from the US Mint in the mail. It sealed in the shipping box as received from the US Mint and I will not be opening. couple of questions for you guys and please chime in with suggestions and thoughts please as this is my first time. Heres what I know thus far- I have a while to submit this coin since I just purchased it and it was released and still sealed in the box. correct me if I am wrong on that please. Now here are some questions that I am needed some help on- what happens to the OGP when I send the coin in- which grading agency Should I send it in to- does it matter what type of label I go with?- thank you in advance my fellow coin friends! |
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Pillar of the Community
United States
1531 Posts |
Is it a gold or silver eagle?
I'm not completely for grading bullion simply because its purpose is... well, bullion. If you're looking to sell in the future, slabs may help. PCGS slabs bring premiums on the market.
-Your first question: ... You may get it back, you may not. I've watched YouTube videos where PCGS has returned the packaging to the submitter in the shipping box, but I did not receive my packaging and flips back. Maybe.
-Your second question: I prefer PCGS, but PCGS and NGC seem head to head. Just personal preference, it seems. I think the clear plastic allows a better view of my coin and I just don't like the white NGC slabs.
-Your third question: also personal preference. I don't think you have the option, unless you choose First Strike from PCGS (Not clear on this, I don't know if you choose First Strike or...)
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Valued Member
United States
291 Posts |
If I may ask, does it make financial sense to get modern non-proof bullion graded on a small scale?
Especially if we are taking about SAEs, graded 69's sell for a very little premium over non-graded. It is really only the 70's that command a price that justifies the grading expense.
In regards to grading companies, if you are not a member of PCGS or NGC I believe you will need to join their respective programs before you can submit. If you only have one coin, it may make more sense to have your LCS submit it on your behalf. Between the two companies, I prefer PCGS, but it is purely a personal choice (some say that PCGS slabs command a slight premium). Unless you go with a first strike label, you will not have a label option as it will receive a "standard" label.
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Valued Member
United States
109 Posts |
I am very much a newb, but since the cutoff date for gold eagles is 9 May(proofs), and the cutoff for ASE uncirculated has not been announced (for PCGS) the why would you not open the box, look at the coin & verify if you think it should be sent in? This way you can keep whatever you want & only send in the coin. My understanding is for NGC you have to get it to them before the cutoff. No saving unopened boxes with mint mailed dates. (Correct me if I am wrong, but that is what the rep told me on the phone.) |
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Pillar of the Community
 United States
3789 Posts |
thank you @Cruisinfusion for your reply I appreciate the info!
this is the silver eagle, uncirculated finish. My aim is to do something diffrent instead of just collecting them, for starters. As I had said in an earlier thread, I did get tired of this series.
therefore, I started thinking "hey this would be diffrent" as I do not own a single graded US Mint product.
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Moderator
 United States
23522 Posts |
Quote:
therefore, I started thinking "hey this would be diffrent" as I do not own a single graded US Mint product.
That'd be the only possible justification, but if it's what floats your boat by all means do it. Just chalk it up as money spent to follow your heart, rather than some profit motive. Nothing wrong with that. And give it to PCGS, if you choose to do this. |
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Pillar of the Community
United States
3789 Posts |
@SsuperDdave
well yea, I have been collecting the silver and gold eagles, proof and the uncirculateds for a while now. I just I dont seem to get the enjoyment out of them as I did, I am tired of the design...I got tired of the maples......
this is my LAST purchase of the eagles in silver and I wont be buying anymore gold ones going forward. I have enough. In fact, I almost cancelled this coin...
so tying all these thoughts and my situation, I thought that yes, this would be different, seeing not a single coin from the US Mint nor the American eagle series that I own is graded. Perhaps this puts a jump start back in my interest in this series.
I just have found myself really gravitating to a lot of world silver and gold coins from private mints and other governments.
and yea, I have no interest at all in flipping coins, I havent even sold a single gold or silver coin, whether bullion or proof, etc.
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Valued Member
United States
109 Posts |
I think you should try it, I have recently sent in my first coins for grading. If nothing else the the process of learning how to do this is good information.
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Pillar of the Community
United States
1531 Posts |
I try not to sell coins. Recently, though, I have been selling bad purchases that I just don't want to raise money and buy bigger and better coins.
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Pillar of the Community
United States
2311 Posts |
PCGS is better to send to.
Good luck!
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Pillar of the Community
United States
3789 Posts |
thank for your the comments guys, with the feedback I am going to swing towards doing the coin PCGS.
Can I send in multiple coins at the same time? In other words, provided they met their deadline, can I send in a batch of various coins I purchase?
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Valued Member
United States
291 Posts |
Yes, PCGS accepts multiple coins at once. Just follow all of their directions on the submission sheet. It is generally more economical to send multiple coins at once as you save on the shipping. If you are sending in coins for different types of submissions (ex. 5 day rush vs 30 day normal) make sure you use different submission sheets.
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Valued Member
United States
86 Posts |
Yup, maybe I'm missing something, I'm not a slabber so may be off base. Why keep it sealed? Unless you are looking for a "first release" designation there is no reason not to open it up and check it out. Seems to me that a first submission would be more interesting if you can inspect the coin before sending it away. You would have the opportunity to see if the coin was flawed, resulting in a low grade (a MS67 in a slab would be more interesting than a MS69 IMHO). Additionally, you would have the chance to grade it yourself and see how close you are to the professionals. I LOVE the unc ASE's and don't mean to dissuade you. Just my thoughts. Of course your motivations are the only ones that matter, collect how you want! I've really enjoyed your comments in the PM section and sincerely wish you the best. Also, post pictures when you get it back! |
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Pillar of the Community
United States
3789 Posts |
@devilsbite
well, the thing is I am bored with the series after being a long time collector for starters. So seeing that I don't have anything slabbed, I have never done the grading process ever for coins myself, I thought this would be an interesting experience and what better coin to start off with than with this one.
I'd rather just send it in as it is and let see what happens. Give me something to look forward to, rather than just staring at an OGP uncirculated silver eagle lol
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Pillar of the Community
United States
865 Posts |
Why don't you quit wasting time and money on a series you don't enjoy anymore. Move on to something better.
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Pillar of the Community
United States
4901 Posts |
I would discourage sending in a single ASE for grading. The cost would be more than the Mint cost of the coin. PCGS $36 for FS grading NGC $20 for Early Release grading Both with a handling fee of $8 Both obviously require shipping to be paid both way ...as was mentioned there is no reason to not look at your coin to make sure you do not see any issues that would affect the grade...even a perfect looking coin could still come back MS69 I prefer NGC for ASE's but, as was mentioned, it is a personal preference. Form is MUCH easier to figure out and no specific coin numbers are needed...easily filled out on line and printed...I just can't justify PCGS charging more ($18) for putting 2 words on the label (First Strike) than the cost of actually grading the coin ($16)... Not to discourage you but if you want a MS70 graded 2014 ASE just buy one...and if it's a MS69 you want then DEFINITELY just buy it..( NGC MS70 ER less than $75 shipping included) |
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Replies: 18 / Views: 3,364 |
Posted 04/25/2014 8:18 pm
