Coin grading is the process of determining the grade or condition of a coin, one of the key factors in determining its value. A coin’s grade is generally determined by five criteria: strike, preservation, luster, color, and attractiveness. Certification services professionally grade coins for tiered fees.
What does NGC mean on coin grading?
Numismatic Guaranty Corporation
Numismatic Guaranty Corporation (NGC) is a privately owned, international coin certification service based in Sarasota, Florida. It has certified more than 49 million coins. NGC certification consists of authentication, grading, attribution, and encapsulation in clear plastic holders.
How much does NGC charge to grade a coin?
NGC Announces New Submission Forms, Revised Services and Fees
| Grading Tier | Fee (per coin) | Turnaround (Est.) |
|---|---|---|
| Standard | $35 | 20 working days |
| Express | $75 | 5 working days |
| Rarities | $150 | 5 working days |
| Ultra Rarities | 1% of value | 5 working days |
What does NGC graded mean?
NGC defines a Mint State or Proof 70 coin as having no post-production imperfections at 5x magnification. Grading is a team effort, with at least two professional numismatists examining every coin. To maintain impartiality, NGC’s coin graders cannot be involved in the commercial buying and selling of coins.
How do you grade a coin at NGC?
How to Submit Coins to NGC
- Become an NGC member. NGC accepts direct submissions from paid NGC Collector members.
- Determine Grading Tier. NGC offers different grading tiers based on a coin’s fair market value (FMV) and the approximate turnaround time desired.
- Complete Submission Forms.
- Prepare and Send.
What kind of grade does a NGC coin get?
For example, a coin graded NGC MS 64 could be at the lower end, mid-range or higher end of NGC MS 64. NGC applies the to qualifying coins in its normal course of grading. Coins already certified by NGC can be resubmitted and reviewed for using the Designation Review service.
What is the grade of a US coin?
Coins grading from NGC XF 45 to NGC MS 68 or NGC PF 45 to NGC PF 68 may receive a , while lower- and higher-grade coins cannot. The is assigned when merited to United States coins from 1792 to date, excluding US bullion and modern commemorative coins, and to world coins struck prior to 1970. Coins are automatically evaluated for during grading.
When did the NGC grading scale come out?
This scale was adopted by NGC when it began operations in 1987 and is considered to be the industry standard. Below are NGC’s grading standards for each numeric grade as well as major strike types and designations. Certain coins have surface problems that preclude numeric grading by NGC. These coins may be eligible for NGC Details grading.
Are there any real problems with grading coins?
In one recent case some years back, a coin dealership grossly overcharged customers for coins which had been certified by major grading services. The grading itself was fine, and many of the coins were extremely rare and highly desirable. The problem: The dealer priced the coins at multiples of their fair market value.
