NGC COIN GRADING GUARANTEE

The following guarantee is applicable to NGC graded coins and NGC Details graded coins that are encapsulated in NGC holders. Note that this guarantee does not apply to coins submitted for the following specialty services: NGC Ancients, NGC Certified Gold, NGC Authenticated Bullion, and NGC Shipwreck Certification, which are subject to guarantees specifically applicable to those services.

  • All US and World coins and all tokens and medals certified and encapsulated by NGC are guaranteed authentic.

  • The grade of all coins certified by NGC is guaranteed, with the exception of Details graded coins, which are guaranteed to be authentic only.

The owner of any NGC-certified coin believed to be over-graded or not genuine may submit it to NGC under our Appearance Review service.

If, in NGC’s sole opinion, the grade determined under such review is ultimately lower than the grade originally assigned, NGC will provide one of the following three remedies, subject to the limitations set forth below:

  • NGC shall purchase the coin from the submitter at its determination of the current market value (see below) for an example of that coin which is correctly graded at the original grade level assigned.

  • NGC shall exchange the coin in question with an equivalent coin at the original higher grade.

  • NGC shall return the coin to the submitter at the correct lower grade and pay the difference between the current fair market value (see below) of the coin at the newly established grade and the current fair market value of the grade originally assigned to such coin.

Further, in fulfillment of the NGC Coin Grading Guarantee, NGC may request and submitter shall be required to provide information regarding the transaction history of a particular coin, including the date purchased, the purchase price and the transaction amount. NGC may also request that a submitter reverse a prior transaction. The submitter acknowledges that his or her inability to provide requested information and / or non-cooperation hinders NGC from fulfilling its commitment under the terms of this Guarantee, and in such cases NGC shall not be required to provide any of the listed remedies.

The remedy to be provided is at the sole option of NGC and shall include only one of the remedies described above. NGC may also, at its sole discretion, have a coin submitted under this service professionally conserved if doing so can improve its fitness for the grade originally assigned. There will be no charges assessed to the submitter for conservation service performed in conjunction with an Appearance Review.

Due to the volatile nature of the coin market and Internet auctions / sales as well as the differences in buying habits of different individuals, selling prices in these auctions / sales do not necessarily represent the current fair market value of any particular coin. Accordingly, NGC will determine the current fair market value of a coin based upon what NGC believes, in its sole opinion, to be reliable current market information. The fair market value, as determined by NGC, represents the current average dealer buying price for an accurately graded NGC-certified coin. Any coin pricing information that appears on NGC’s Web site is supplied by license from independent third parties and does not constitute the fair market value of coins for purposes of remedy under the terms of Appearance Review. NGC's determination of fair market value shall be binding on all parties.

The submitter of a coin using NGC’s Appearance Review service agrees to be bound by all of the terms, conditions and limitations set forth herein.

WARNING: THIS GUARANTEE IS LIMITED.

  • If NGC determines that an NGC-certified coin is not authentic, NGC may elect to purchase the coin from the submitter at NGC’s determination of current market value as provided above. In that event, the amount to be paid to the submitter for the purchase shall not under any circumstances exceed the amount paid for the coin by the submitter in an actual arm’s length transaction, plus any postage, shipping or other incidental expenses incurred by the submitter in submitting the coin for grading by NGC.

  • The NGC Coin Grading Guarantee does not apply to coins that have been removed from their NGC holders.

  • The NGC Coin Grading Guarantee does not apply if the NGC holder has been damaged, unsealed, tampered with or altered; such determination which shall be at the sole discretion of NGC.

  • The NGC Coin Grading Guarantee does not cover coins which have been graded by NGC but then are subjected to abuse, alteration or improper storage conditions such as (but not limited to) extreme temperature, moisture, damaging environmental conditions, excessive light, excessive motion or vibration or any other extreme conditions. NGC shall make the sole determination as to whether environmental factors have contributed and as to the existence of "extreme conditions.”

  • The NGC Coin Grading Guarantee does not apply to copper, bronze or copper-nickel coins graded by NGC prior to April 1, 2000.

  • To the extent that the NGC Coin Grading Guarantee applies to copper, bronze or copper-nickel coins, such Guarantee expires on the 10-year anniversary of their date of encapsulation by NGC.

  • Attributions, including variety attributions, reference attributions and pedigree attributions are NOT guaranteed. Further, NGC does not guarantee that a particular variety or designation will always be recognized, and attribution policies are subject to change without notice.

  • Release designations, including Early Releases, First Releases, and First Day of Issue are not guaranteed. If NGC incorrectly assigns a special designation to a coin it is the duty of the submitter to return that coin for correction.

  • Clerical errors, mechanical errors and typos are NOT guaranteed. If requested, NGC will remedy any mechanical error with respect to the description or grade of a coin on its label, free of charge. It is the duty of the buyer and seller of an NGC-certified coin to examine coins for mechanical errors and to return such coins for correction when warranted. The determination of what constitutes a mechanical error is at the sole discretion of NGC; examples of mechanical errors include, but are not limited to, the following:

    • If a coin were labeled a 1955 Doubled Die Lincoln Cent, when, in fact, the coin has no doubling, this would be a clerical error in the labeling description of the coin and not covered by the NGC Coin Grading Guarantee.

    • If the coin label description references a 1916 Standing Liberty Quarter, when, in fact, the coin in the holder with said label were a 1916 Barber Quarter, the description would be the result of a clerical error. Once again, this would not be covered by the NGC Coin Grading Guarantee.

    • If a coin were identified as a Proof, when, in fact, it is a business strike and the types are readily distinguishable from each other, this again would be a clerical error and not be covered by the NGC Coin Grading Guarantee.

    • If a coin were described as an 1881-O Morgan Dollar, when, in fact, it is an 1881-S Morgan Dollar and the mintmark were improperly identified on the label, this would constitute a clerical error, not covered by NGC's guarantee.

  • The NGC Coin Grading Guarantee does not cover a coin's status in the NGC Registry, including eligibility or points assigned. Changes to the NGC Registry may be made without notice, and NGC does not guarantee that a coin will always be eligible for inclusion in the NGC Registry nor does it guarantee that it will receive a certain point score.

  • The NGC Coin Grading Guarantee does not apply to coins exhibiting environmental deterioration subsequent to certification. These issues include but are not limited to spotting, hazing, PVC, and corrosion.

  • A number of countries issue coins that are enameled, colorized, painted, hologram applied or jeweled at their mint facilities as part of the minting process. The methods used to apply these additive applications vary. Some are lacquered while others are enameled to hold the color in place. Colorized, painted, hologram, and jeweled coins can, even with proper handling, before or after grading and encapsulation, lose some or all of these additive features. These additive features can chip, flake, or become dislodged. Such conditions may be due to the minting process or other natural conditions over which NGC has no control. Therefore, NGC cannot guarantee that coins with additive features will retain their full mint-applied aspects or their assigned grade.

THE NGC COIN GRADING GUARANTEE REPLACES AND SUPERSEDES ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, AND WHETHER OF MERCHANTABILITY, FITNESS OR OTHERWISE. THE REMEDIES PROVIDED IN THIS AGREEMENT ARE EXCLUSIVE. EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, ALL OTHER REMEDIES AGAINST NGC, INCLUDING BUT NOT LIMITED TO, CONSEQUENTIAL, PUNITIVE AND INCIDENTAL DAMAGES, ARE WAIVED.

THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA AS APPLIED TO TRANSACTIONS TAKING PLACE WHOLLY WITHIN FLORIDA BETWEEN FLORIDA RESIDENTS. CLAIMANTS UNDER THIS GUARANTEE HEREBY WAIVE TRIAL BY JURY AND EXPRESSLY CONSENT, AT THE OPTION OF NGC, (1) TO THE PERSONAL AND SUBJECT-MATTER JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN AND FOR THE COUNTY OF SARASOTA, STATE OF FLORIDA, OR (2) TO ARBITRATION BEFORE THE AMERICAN NUMISMATIC ASSOCIATION OR THE PROFESSIONAL NUMISMATISTS GUILD FOR ANY DISPUTE ARISING FROM OR RELATED TO THIS GUARANTEE.

Notwithstanding anything else contained in this NGC Coin Grading Guarantee, in the event of loss or damage of your coin by NGC, NGC will only be responsible for the LESSER of the actual fair market value or the submitter declared valued.

This Guarantee represents a clarification of prior and existing versions and in no way is intended to expand any rights created thereunder.

Revised: 5/15/2014