NGC formally announces 250 Brass Cass Coins being Auctioned w/ Heritage Soon

[tread93]

Just to say that I reached out to NGC asking if they'd be prepared to grade some further coins that I have, they took three weeks and a couple of reminders to respond:

Thank you for contacting us. I am sorry we will not be able to grade additional physical coin cryptocurrency. I have confirmed with the NGC team that the coins shown in our article were graded as a one-time special grading for Heritage. There are no current plans to open up grading services to these coins. Again, I am sorry we cannot help with these coins.  
 
I have reached out to PMG to confirm if physical cryptocurrency banknotes would be eligible for submission. I will provide you with an update as soon as possible.

So basically they're not interested, I asked about some Polymerbit notes as well and will update when I've heard back from them on those.

Wowwwwww, that is such a huge dissapointment that NGC will not continue to grade even Cass coins. It really is a shame, its like taking two steps forward and one HUGE step back. PCGS will remain the clear choice for serious collectors. I just can't believe this dimwitted move on their part, especially in a time when Bitcoin literallly just hit a new all time high & ETFs have rolled out from all the largest financial titans with insane volume. I really like NGC too, but I think they will look back on this and realize how much of a mistake they are making there.

On the flip side of this coin, Otoh, that just makes these coins that much more valuable and this is extrememly good for your  pedigreed collection in my opinion! This makes and seals your coins the crown jewel crypto collectibles for NGC. Man I sure wish I could afford one haha.

[Otoh]

Yeah, I agree 100% and was totally taken by shocked surprise that instead of embracing this new field that they choose not to after such a fine initial well received start, I even offered to submit any further coins again through Heritage rather than directly if that worked better for them, but apparently not, perhaps Heritage will have greater sway with them about grading more, especially as an exclusive (if that's what they want) NGC graded Otoh Collection Part 2 which would be a whole other level in terms of value, rarity and desirability, and as you say during a time of ATH BTC prices and general interest, seems crazy to me their own apparent lack of interest, anyway time will tell, their competitors will be more than happy to take up the opportunities instead of them that's for sure

Also, as you say, it's pretty super cool if that one off grading series of 250 NGC coins became the only cryptos that they do grade for the foreseeable future, or if ever, I doubt that it was planned that way, but it certainly makes those slabs a bit special if so, and no harm that all the buyers are now quids in over the last four months since they won, as are the buyers of the few flipped coins at about three months as well, so very good all round I'd say

[rsincognito]

I also agree that these slabs by NCG will be very well known and sought after if this is in fact their last time doing so for physical bitcoin collectibles,  this makes me think about what we talked about having PCGS slab a coin that is already in a slab, these would look great inside an oversize PCGS slab in my opinion. please keep us posted on any new things that come up with this if you can Otoh.  also i dont know a ton about Heritage, im guessing they will rep. coins in their auction if they are graded by another grader like PCGS ?  is this correct. ?  thank you all =). RS

[Otoh]

Sorry, I don't follow what you asked re Heritage repping coins graded by PCGS and others Etc. Heritage offer coins which have been graded by all the main firms of course np, and not just NGC, they happened to choose to use them for my coins on that occasion, maybe because they offered them a better deal than PCGS or something, I don't know the details for why though myself.

Big surprise, NGC have just notified me of a huge U turn, so it looks like they are happy to accept Casascius coins, at least, for grading after all now, and would also take notes like Polymerbit on a test trial type basis with no fee if they decided that they couldn't grade submitted ones.

Hello Otoh, (real name swapped)
 
I wanted to follow up with you about the submission of physical cryptocurrency notes. We have not graded these cryptocurrency paper notes yet, and the notes would need to be submitted and reviewed in hand by the grading team to confirm if they are eligible for grading. Should they be determined ineligible for grading as an Ineligible Type, the grading fee would not apply.
 
I also have good news about the physical coin cryptocurrency. While we did not originally accept the coins for collector submissions, I did receive news from the grading team that this has recently changed and we can grade these coins.
 
If you are interested in submitting coins for grading, you can become a paid member of our Collector's Society through Join NGC Today | NGC (ngccoin.com). You can find more information on how to start  submitting coins online at How to Submit.
 
You’ll need to have a general idea of the value of each coin to help select which grading tier. Grading tiers and fees can be found at  Services and Fees | Coin Submissions | NGC (ngccoin.com). These coins can be submitted as US Coins with a tier chosen based on their fair market value.
 
The value we ask you for is an insurance value, a number you would feel comfortable with in terms of a replacement value if your coin was lost or damaged while with us. We encourage you to be conservative as we do not reimburse you if you overvalue your coin. If your coin was grossly undervalued, we reserve the right to bump it to the appropriate tier.  
 
If you do not wish to sign up for membership, you can find a listing of authorized NGC dealers that can submit the coins on your behalf here: NGC Coin Dealer Locator
 
If you have any other questions, please let us know. Thank you!
 
Nicki O.
Customer Service
Certified Collectibles Group
p. (855) Grade10 | (855) 472-3310
collectiblesgroup.com

[minerjones]

Sorry, I don't follow what you asked re Heritage repping coins graded by PCGS and others Etc. Heritage offer coins which have been graded by all the main firms of course np, and not just NGC, they happened to choose to use them for my coins on that occasion, maybe because they offered them a better deal than PCGS or something, I don't know the details for why though myself.

Big surprise, NGC have just notified me of a huge U turn, so it looks like they are happy to accept Casascius coins, at least, for grading after all now, and would also take notes like Polymerbit on a test trial type basis with no fee if they decided that they couldn't grade submitted ones.

If it helps the credibility for NGC to help onboard grading by PMG, PCGS has already graded at least 100+ Polymerbit notes

[Otoh]

Many thanks MJ, I'll mention that when I submit some to them soon, I did link them to a nice PCGS graded Polymerbit note which I'd won recently at Stack's Bowyer when I first approached them re PMG grading for these, so I'm sure that they're aware.

[tread93]

Sorry, I don't follow what you asked re Heritage repping coins graded by PCGS and others Etc. Heritage offer coins which have been graded by all the main firms of course np, and not just NGC, they happened to choose to use them for my coins on that occasion, maybe because they offered them a better deal than PCGS or something, I don't know the details for why though myself.

Big surprise, NGC have just notified me of a huge U turn, so it looks like they are happy to accept Casascius coins, at least, for grading after all now, and would also take notes like Polymerbit on a test trial type basis with no fee if they decided that they couldn't grade submitted ones.

If it helps the credibility for NGC to help onboard grading by PMG, PCGS has already graded at least 100+ Polymerbit notes

Many thanks MJ, I'll mention that when I submit some to them soon, I did link them to a nice PCGS graded Polymerbit note which I'd won recently at Stack's Bowyer when I first approached them re PMG grading for these, so I'm sure that they're aware.

Hey Otoh have you already sent/dropped off the trial polymerbit notes to NGC? Let us know if you get any update, very interested to see if they will grade Polymerbit at PMG, would be an insane win for crypto bank notes!