Here is an excerpt from one email: A. Standard conservation with grading. Conserve all coins and submit to NGC for grading.* B. Standard conservation and return raw. Conserve all coins and return without grading* C. Modern conservation with grading. (Any uncertified us or foreign coin 1970 to date, valued $300 or less) Modern fee is $26 50/coin, includes conservation and grading *What this means is for coins valued above $300 we will have to pay 1% for evalation, plus 4% for conservation, plus grading fee between $14-$50 depending on the coins value. So a $3000 coin will cost $180 for conservation and grading vs $22.50 last year and $26.50 in January/Febraury. STANDARD CONSERVATION FEES: 1. Evaluation Fee: 1% of declared value per coin, minimum $5. Service Description: Item examined by a conservation expert to determine what conservation work, if any, should be performed. All graded coins, excluding details and genuine holders, will be returned as is if conservation is not performed, and only the Evaluation Fee will be charged by NCS. Coin(s) holdered by any service other than NGC or PCGS will be treated as raw coin(s) and removed from their holders. In order to submit coins that are in holders other than NGC or PCGS, you must initial section 5, Conservation Services, on the front of this form confirming you have read the terms and conditions regarding the Consent to Remove Coin(s) from Holder(s) information below, prior to any work being performed by NCS. Coins that are in either NGC or PCGS holders and cannot benefit from conservation will be returned and the customer will only be charged the 1% evaluation fee. 2. Conservation Fee: 4% of declared value up to $150,000 per coin, and 2% of declared value over $150,000 per coin, minimum $15. Service Description: Appropriate conservation is performed.
I also heard this possibly could be retroactive as of March 1st Oh well on the bright side I already have 100's graded and was slowing down and being more picky but this price hike really seems a bit steep. I think this will logically increase the value of graded coins ...
ahhaha... so true ... NCS/NGC certainly has a service that will be hard for competitors to beat... even at these incredibly high prices. NCS/NGC must be doing exceptionally well, considering they just made their services incredibly incredibly expensive...
The knock on effect will be as others have already noted the cost of buying graded coins will go up. And I am sure that alot of dealers will pass on the increase to coins graded even before the price rise
ARgh!!! I don't have enough graded yet! I was about to send in a lot more Pandas this week!!! But you are quite correct Comeaux... this move will likely drive up the prices of NCS/NGC coins.
I wonder how they will determine coin value. The MCC scene is highly volatile and there is no real way to determine coin value on the rarer coins or medals.
So what happens if they dont agree on the value you declare? Or as we all know many coins and medals prices are all over the place.
Yeah that's what I think too. But when you are charged by how much you declare, people are going to lowball the values.
I would be careful with that though what if you say your coin is worth $1,000 when it is actually worth $1,500 and then something happens where you want to use the guarantee? Maybe then they say that your $1,500 coin is only worth a $1,000 ? ... I dont know just speculating
Well I'd bet my God of War was 'worth $150' 2 years ago when NGC graded it or less. Pretty sure they'd have to give me fair market value (maybe 80%) now if I went in and questioned their guarantee. The only thing that we can be certain of is, this is a mess.
Surely this is a typo? It used to be $3000 or less? Maybe $1000 would be a resonable level, but such a drastic shift completely changes the game. p.s. is it mental they are charging such a premium and still refusing to designate conserved coins.
