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 Replies: 11 / Views: 3,640 |
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Valued Member
United States
216 Posts |
I checked on the certification of a Lincoln Penny, and found the footnote below the photo. What should I make of this footnote? Is it worth buying NGC certified coins for the long term? Copper Coins Notice: Coins made of copper, bronze, 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 will no longer apply after the 10 year anniversary of their date of encapsulation by NGC. This coin was encapsulated on 5/30/2019 and the grade guarantee will expire on 5/30/2029. If the grade guarantee has not expired, it may be extended by submitting the coin under NGC's ReHolder service tier. If the grade guarantee has expired, the coin will be treated as a raw (ungraded) submission if resubmitted to NGC. |
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Bedrock of the Community
United States
94367 Posts |
Honestly have never heard of this.
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Valued Member
United Kingdom
312 Posts |
I spotted the same thing only the other day when I was looking at an item up for auction.
On a personal level, bearing in mind my tastes are copper and bronze, I'd rather have a raw coin than slabbed. If it was gold or silver, then I'd definitely do it. But with the potential for verdigris, I won't.
That said, if it's a rare or valuable coin, its worth protecting against external factors and regrading every 10 years. Just my opinion on it.
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Pillar of the Community
United States
878 Posts |
I guess a red cent might not be so red ten years later?!
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Pillar of the Community
United States
7276 Posts |
It's been there for a few years. Honestly it's a way to make more money. If there is nothing wrong with the coin why worry, you'll protect it and chances nothing will happened. But if you put it a damp basement with mold and mildew than chances are the coin will get corroded. Take the guarantee for what it is.
Many copper coins have been treated/enhanced. Copper is fairly reactive so it's unlikely a 100 year old coin is pure red. You can dip a copper coin to make a RB coin pure red but that red lifecycle is measured so yes many red coins will turn brown over time.
Edited by hfjacinto
06/23/2022 6:43 pm
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Bedrock of the Community
Australia
21788 Posts |
It seems to me that holders cannot be depended upon to preserve the coin over a period of decades, Some further patination after grading is still a possibility.
How slabs are stored by the collector remains important , especially in a humid environment.
Positive screw seal acrylic capsules looks to be the best way to store coins over a period of many decades.
I understand the cynicism of hfjacinto about making extra money.
A red cent may be worth less than a red cent after 10 years have passed.
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Bedrock of the Community
United States
94367 Posts |
Convenient out, not surprised. Red slabbed coins are notoriously subject to endless debate. Can't disagree with this decision. They wouldn't have made it without a lot of complaints from unsatisfied buyers.
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Pillar of the Community
Russian Federation
1557 Posts |
I kind of saw a similar topic on this forum.
hfjacinto, right. It's a way to make money.
But at the same time, it removes responsibility from them. No one knows how you will store your coin, where it will be stored and how many owners will change. Yes, and in the end slab is not sealed.
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Pillar of the Community
 United States
3652 Posts |
I'd not noticed this footnote before. However, as others have stated, the slabs aren't air tight and if they're not stored properly it won't prevent a RD designated coin from degrading over time (nor a silver coin from continuing to tarnish) so their disclaimer isn't really surprising. I've seen plenty of PCGS and NGC RD-designated coins over the years that were a far cry from being red any more. Surface contaminants on a RD-designated coin are basically a wild-card and, similar to milk spots on some silver coins, you don't know about it until it eventually shows up... Not to beat a dead horse, but proper storage is important - all my slabs are in Intercept Shield boxes stored in a carefully controlled environment. Even that's not an absolute guarantee, but I've not seen any changes at all in any of my RD copper coins since I started buying TPG coins 10 years ago. Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188Edited by hokiefan_82
06/24/2022 01:48 am
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Pillar of the Community
United States
5825 Posts |
It's been a policy for quite a few years.
As many have stated, coins in slabs are subject to toning; they are not 100% protected.
Collectors were getting their coins graded RED and finding later (>10 years) that they were now Red-Brown (RB).
The TPGs had guaranteed their grades so collectors were returning their now RBs for a refund/replacement.
The TPGs were getting their bank accounts cleaned out.
So the 100% guarantee was null after 10 years.
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Pillar of the Community
United States
713 Posts |
Hence the saying, buy the coin not the slab.
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Bedrock of the Community
United States
94367 Posts |
Or at least learn how to read bar codes.  |
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Replies: 11 / Views: 3,640 |
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Posted 06/23/2022 5:56 pm
