[NEWS] NGC Price Update

Discussion in 'Modern Chinese Coins & Medallions' started by yennus, Mar 12, 2012.

  1. серебро

    серебро New Member

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    I know I will. I was weighing up the pro and cons on sending my coins and medals for grading, but this as made the decision alot easier
     
  2. heyimderrick

    heyimderrick Active Member

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    Not seeing any news about the change on the NGC or NCS sites, but the value has changed on the fees page. Everyone start emailing to voice their disappointment/outrage over yet another price increase.

    I'd go straight to Craig Fiumara, [email protected]
     
  3. comeaux

    comeaux New Member Silver Stacker

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    This would be a very detailed typo ?

     
  4. comeaux

    comeaux New Member Silver Stacker

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  5. серебро

    серебро New Member

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    I wanted to send my two 1991 Panda medals and the day I get them in the post is the day the prices go up, Thank You NGC
     
  6. Zinger

    Zinger New Member

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    I was being hopeful!

    Comparing the current order form with the older order form, the only thing thing they have changed is the maximum for world modern, and the form ID number in the lower right.

    So it was definitely a deliberate shift.
     
  7. heyimderrick

    heyimderrick Active Member

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    I think that pricing has always been the case for coins over $3,000 in FMV. (?)

    But the FMV drop from $3,000 to $300 for Modern Tier is pretty extreme.
     
  8. low

    low New Member

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    Fine print

    *Declared value MUST represent fair market value (FMV) and NCS reserves the right to make adjustments for undervalued items.

    http://www.ncscoin.com/news/viewarticle.aspx?IDArticle=2527&NCS-services-fees

    http://www.ncscoin.com/conservation/services_and_fees.asp

    I am thinking it could be a typo mistake here. Perhaps it is $3000 instead of $300.
     
  9. comeaux

    comeaux New Member Silver Stacker

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    Low ... I hope your right about a typo but the source I heard it from is extremely reliable and why would there all of a sudden be a "typo" on a pricing policy that was already on the website?

    Why would someone be "correcting" the terminology from $3,000 to $300 ?

    hmmmm ... only the shadow knows :cool:
     
  10. Lim

    Lim New Member

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    Crap.. Was suppose to send in mine in April ..
    Well mine will have to be stay in their box then .. :(
     
  11. comeaux

    comeaux New Member Silver Stacker

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    Yea I know what you mean Lim ... there is an SS member from outside the US that is/was preparing to send me some pandas to grade for him but this new price hike might be the "turd in the punchbowl" :|

    Well hopefully it's just an NCS typo and when I wake up in the moring it was all just a dream.

    I guess if that happens the entire SS forum will have me tar and feathered for unintentionally spreading malicious rumors :p
     
  12. comeaux

    comeaux New Member Silver Stacker

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    If this is the case ... "Don't taze me bro" !!! :D
     
  13. Lim

    Lim New Member

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    I was suppose to send my lunar and panda thru a dealer in singapore ( i have more lunars over the pandas)
    I had been dragging my feet over it since last year and U convice me to send it to NGC with all the theories that compare with OMP-PCGS-NGC :)

    what to do ... going to stay in their boxes and coa ... :(
    Think no more OMP or capsule anymore , going to buy graded one .. any recommendation ?
     
  14. yennus

    yennus Well-Known Member Silver Stacker

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    Hmmmz...

    This makes sending 1/4oz, 1/2oz and 1oz gold Panda coins very difficult to grade too. Since they will easily exceed the $300 threshold.
     
  15. Pandacollector

    Pandacollector Active Member

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    Low prices and a monopoly position in a market are strange bedfellows. What we need is some competition. This may open the door to it.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com
     
  16. yennus

    yennus Well-Known Member Silver Stacker

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    PCGS should get into conservation also :)

    There should also be a third competitor!

    "Panda Grading Coin Services" (PGCS)
     
  17. low

    low New Member

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    Hi Comeaux,

    True.

    In the archived version, it was $3000.

    http://web.archive.org/web/20110206121012/http://www.ncscoin.com/conservation/services_and_fees.asp

    Does it mean that PCGS will not come up with conservation service, so NGC can do whatever they like?
     
  18. yennus

    yennus Well-Known Member Silver Stacker

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    The free market will eventually self correct (hopefully)... when one supplier gets too expensive, then it may become profitable for a another company to enter the market... competition will lead to lower prices (hopefully).
     
  19. Thor122

    Thor122 New Member

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    For example a 400 uss coin have a ncs fee of 20 (1% + 4%) plus xxx grading.
    Whats is the xxx for grading?
     
  20. silverstar1

    silverstar1 New Member

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    Yes this is true , I tend to like NGC better but this is a drastic price increase espescially after they just increased prices, they really need some competition.
     

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