[NEWS] NGC Price Update

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].
 
Zinger said:
Surely this is a typo?
Click to expand...
This would be a very detailed typo ?

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
Click to expand...
 
comeaux said:
Zinger said:
Surely this is a typo?
Click to expand...
This would be a very detailed typo ?
Click to expand...

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.
 
comeaux said:
Zinger said:
Surely this is a typo?
Click to expand...
This would be a very detailed typo ?

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
Click to expand...
Click to expand...

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.
 
fishball said:
low said:
Based on declared value.
Click to expand...

Yeah that's what I think too.

But when you are charged by how much you declare, people are going to lowball the values.
Click to expand...

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.
 
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:
 
Crap.. Was suppose to send in mine in April ..
Well mine will have to be stay in their box then .. :(
 
Lim said:
Crap.. Was suppose to send in mine in April ..
Well mine will have to be stay in their box then .. :(
Click to expand...

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

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
Click to expand...


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 ?
 
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.
 
PCGS should get into conservation also :)

There should also be a third competitor!

"Panda Grading Coin Services" (PGCS)
 
comeaux said:
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:
Click to expand...

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?
 
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).
 
yennus said:
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.
Click to expand...

For example a 400 uss coin have a ncs fee of 20 (1% + 4%) plus xxx grading.
Whats is the xxx for grading?
 
Pandacollector said:
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
Click to expand...

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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