NGC Raises rates

Discussion in 'Silver Coins' started by Justfishin, Apr 30, 2014.

  1. Justfishin

    Justfishin New Member

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    NGC Announces Revised Services and Fees Effective May 1 and June 1Posted on 4/29/2014 New submission forms will be available soon.

    NGC has announced a few service and fee changes for regular US and world coin submissions. The following modifications to select grading and service tiers are now being introduced.

    Effective May 1, 2014:

    US and World Modern and Modern Special Tiers Maximum value limit (per coin) is changed to $1,000.
    Gold Rush Tier Modern gold and platinum bullion coins are no longer eligible for the Gold Rush tier. Please select a tier based on maximum value limit and desired turnaround time.

    Effective June 1, 2014:

    Economy Tier (US Coins only) Fee changed to $18
    Modern Tier (US Coins only) Fee changed to $15
    Modern Special Tier (World Coins only) Fee changed to $22
    Economy / Value Tier and Early Bird / Standard Tier - Add $5 for Early Releases and First Releases designations. This fee is included in Modern Special, Express and Walkthrough tiers.
    Designation Review Maximum coin value of $10,000. Coins valued over $10,000 should be submitted under the ReGrade service and an applicable grading tier.

    An updated submission form reflecting these changes will be available in late May. All coins shipped to NGC after May 31, 2014, should be accompanied by the new submission form. Note: US and world coins must still be submitted on separate forms
     
    Justfishin, Apr 30, 2014
    #1
  2. mmissinglink

    mmissinglink Active Member

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    Thanks for the heads up. PCGS is soon to raise their rates too I have to imagine.
     
    mmissinglink, Apr 30, 2014
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  3. Justfishin

    Justfishin New Member

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    30% increase on the world modern tier is ridiculous :mad:
     
    Justfishin, Apr 30, 2014
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  4. iluvbeanz

    iluvbeanz Member

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    What was the price before? Last month I checked, It looked the same as it does with these new prices.
     
    iluvbeanz, Apr 30, 2014
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  5. Justfishin

    Justfishin New Member

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    $17
     
    Justfishin, Apr 30, 2014
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  6. barsenault

    barsenault Well-Known Member

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    inflation everywhere
     
    barsenault, Apr 30, 2014
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  7. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Thee price i paid was $17 last month and it seems to be still the same. I might be wrong but isnt it that the maximum amount the coin can be worth is now $1000 instead of $3000. Am i not looking in the right spot cause i dont see an increase in the fee charged
     
    aussiesilver, Apr 30, 2014
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  8. silverstar1

    silverstar1 New Member

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    There is 2 changes one on may 1st and one on june 1st , they seem to increase rates every year.

    Effective June 1, 2014:

    Economy Tier (US Coins only) Fee changed to $18
    Modern Tier (US Coins only) Fee changed to $15
    Modern Special Tier (World Coins only) Fee changed to $22
    Economy / Value Tier and Early Bird / Standard Tier - Add $5 for Early Releases and First Releases designations. This fee is included in Modern Special, Express and Walkthrough tiers.
    Designation Review Maximum coin value of $10,000. Coins valued over $10,000 should be submitted under the ReGrade service and an applicable grading tier.
    An updated submission form reflecting these changes will be available in late May. All coins shipped to NGC after May 31, 2014, should be accompanied by the new submission form. Note: US and world coins must still be submitted on separate forms.

    Submissions to International Submission Centers are not affected.
     
    silverstar1, May 1, 2014
    #8
  9. Altima

    Altima Well-Known Member Silver Stacker

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    So its better to just submit to International Submission Centres for us folks who aren't in the States?
     
    Altima, May 1, 2014
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  10. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Its seems for us " out of towners" the price for world special has gone up but the normal world submissions has not. World Special is stuff like first release and varieties etc after 1970. My collecton of 1900's Trade Dollars etc will still be at the same price
     
    aussiesilver, May 1, 2014
    #10

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