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 Replies: 13 / Views: 1,725 |
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Valued Member
United States
56 Posts |
Hello All,
I just acquired 10 examples ( mint sealed w/COA ) out of 150 off the 2018 Silver Krugerrand proof from the SA Mint that they had previewed and offered for sale at the Berlin Coin Fair in February of this year. Since I would like to get them graded, as they are numbered as the first 150 struck, my main concern is the security of these coins. Has anyone ever had an experience whereas a coin or coins you had submitted, mysteriously disappeared? If so, was it NGC or PCGS? I've never submitted coins for grading before, so I hope you can understand my concern. I keep thinking what the value of these coins would be if the SA Mint decided not to release these coins in the future. The mintage is only 15000. Or, should I wait to submit them until the general release to the public by the SA Mint?
Thank You
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Pillar of the Community
United States
8715 Posts |
I have never sent a coin to be graded, but I have never heard of that. PCGS and NGC are reputable companies. 99.999% of the time, nothing will happen to your coin. Coins that are worth millions of dollars have been graded by PCGS and NGC, and nothing has happened to them. Go ahead and send them in.
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Bedrock of the Community
13014 Posts |
No they wont steal it.
If your worst problem is worrying about the coins they have of yours your life is great
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Rest in Peace
10197 Posts |
If you send them by a certified/registered mail with insurance, they will be accounted for through the PO. Once they are in the hands of TPG, they are very safe. If TPG's had ANY instances of stolen High value coins, they wouldn't be in business much longer after that! They have a very high reputation and standard to uphold. |
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Pillar of the Community
United States
5825 Posts |
Quote:
... I would like to get them graded, as they are numbered as the first 150 struck ... If you send them to NGC or PCGS they will most likely be cracked out of their current holders and put into NGC or PCGS slabs. POOF!There goes the "first 150 struck" labels. NGC is the only one I know that grades coins leaving them in their original holders -- and that ONLY for GSA Morgans. |
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Valued Member
 United States
56 Posts |
Hello kanga and thanks for your input. You've given me some food for thought. If the coins are slabbed, won't the original SA Mint packaging be sent back to me? If so, then the strike number will still appear on the COA. This brings me to another question. If you had your choice of a slabbed coin, let's say a PROOF 69 or an ungraded coin, sealed in the original gov't packaging with an extremely low strike number such as #'s 20 to 30, Which coin would you prefer to buy?
Edited by Ed52151
03/21/2018 3:00 pm
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Bedrock of the Community
13014 Posts |
Quote:
POOF!
There goes the "first 150 struck" labels.
Not necessarily. They could denote that on the label but that would probably be something to discuss ahead of time. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
If the coins are slabbed, won't the original SA Mint packaging be sent back to me? If so, then the strike number will still appear on the COA. Yes still probably send you the packaging back if you request it, now all you have to do is prove that those slabbed coins you have go with those COAs. If you really want your slabs to indicate that these are from the first 150 coin struck the numbering is going to have to be inside those sealed boxes, you probably need to talk to the grading service ahead of time to make sure that they will put those numbers on your slabs. |
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Pillar of the Community
United States
1314 Posts |
Sometimes PCGS and NGC will have representatives at coin shows for the purpose of accepting submissions. You might want to check with them for a schedule and details if that is a suitable solution.
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Valued Member
United States
314 Posts |
.. interesting dilemma..would be interested to hear how they can accommodate..
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Valued Member
United States
56 Posts |
Chute72's idea about submitting them at a coin show was a great idea, since it would save money on shipping & insurance. I immediately started looking for the next show at which a TPG would be present. ( preferably NGC ). Then I read this on NGC's website. Quote:
Due to the special handling required, NGC does not accept submissions of the following coins at this show for regular service submissions to be returned to the NGC offices: coins for First/Early Releases designations, coins NGC requires submitted in original Mint sealed packaging, coins over 3.5" (90 mm) in diameter and .39" (10 mm) in depth, Coin & Chronicles sets, Coin & Currency sets, American Liberty 4-medal set, March of Dimes 3-coin set, West Point 2-coin set, San Francisco 2-coin Proof set, 30th Anniversary Eagles, 25th Anniversary Eagles, 20th Anniversary Eagles, American Liberty Series and 10th Anniversary Platinum Sets. These submissions must be sent directly to Sarasota, FL, by the submitter. I'm starting to get a little discouraged by all these different rules and standards one has to adhere to with this grading process, so once again, I'll ask this question. Would you buy a mint sealed proof coin w/ COA that you know and can verify it to be one of the first 150 struck, or let's say buy the same coin slabbed and graded Proof 69 ? And let's say both coins cost the exact same price. Thanks in advance to those who have and will reply. I really appreciate everyone's input. I've learned more here in a few hours than places that would of taken weeks to get the same info. Edited by Ed52151
03/22/2018 1:42 pm
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Bedrock of the Community
13014 Posts |
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I'm starting to get a little discouraged by all these different rules and standards one has to adhere to with this grading process, so once again, Show submissions are a completely different animal then normal ones. PCGS and NGC don't really want to be taking back tons and tons of things from the shows so they limit what you can submit that they won't grade at the shows. Their real purpose while there is to grade at the show and get those better fees for being that fast. I'd call PCGS or NGC or both and just ask if they'll put it on the label. They can tell you before you submit and get something worked out for it ect. Calling them is the only thing that's going to get you the info you need |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Would you buy a mint sealed proof coin w/ COA that you know and can verify it to be one of the first 150 struck, Unless the COA is sealed inside the proof set with the coins, there's no way to prove that that proof set goes with that COA. Quote:
or let's say buy the same coin slabbed and graded Proof 69 ? And let's say both coins cost the exact same price. Well since I don't buy slabbed coins, I'd buy the sealed proof set. If I was interested in slabbed coins I'd by the one already slabbed. |
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Pillar of the Community
 United States
4592 Posts |
Unless the coins are in a sealed holder with the serial # or the serial # is scribbed on the coin how do you match them up? What's to stop you from selling the COAs on ebay, me buying one of the other 14,850 coins and saying "See"... Sorry, but IMHO it's a useless piece of bling. -----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/ |
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Replies: 13 / Views: 1,725 |
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Posted 03/20/2018 7:43 pm
