Question, When Sending Coins To NGC

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Author	Replies: 6 / Views: 1,331
RickV New Member United States 33 Posts	Posted 04/08/2016 1:23 pm I have a question I hope someone would be so kind to answer. I want to send some coins to NGC in for grading, but you have to know the value of the coins. A difference in grade can mean a big difference in value, so which tier do I pick? I am not an expert at grading and isn't the reason I am sending the coins to them is to get the proper grades for them? Report this Post to the Staff

RickV New Member United States 33 Posts	Posted 04/08/2016 3:06 pm Did I ask this question in the wrong section of the forum? Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 04/08/2016 4:37 pm You can use the NGC price guide or what you paid or what you feel the coin is worth. The price you set will determine the shipping insurance amount for the coins, and the grading cost based on coin value. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 04/08/2016 5:04 pm A reasonable dollar figure that reflects what the coins are worth to you is fine. Don't overthink this because it's not that big a deal. If the Tier levels are "Under or Over $300" and you paid $80 for it then use $80. ANA #R3154474 Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 04/08/2016 7:16 pm I agree, don't over estimate the value, keep it on the low side and you'll be fine. Report this Post to the Staff
RickV New Member United States 33 Posts	Posted 04/08/2016 11:00 pm Thank you all for your replies. It was driving me crazy what tier to pick. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 04/09/2016 12:09 am The downside to lowballing the value is that - in the VERY rare case where your coins were lost - that's all they would pay you for them. However the inverse is not true. You can't send them a bunch of $0.50 coins valued at $1m and hope they are lost. /a/ you pay a lot more in grading fees, insurance, etc. and /b/ you won't get more than price guide (in the VERY rare case where they are lost). -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
	Replies: 6 / Views: 1,331

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