NGC is offering a new certification option for Presidential $1 Coins packaged in United States Mint Official American Presidency $1 Coin Covers. Check out all the details inside.
NGC is offering a new certification option for Presidential $1 Coins packaged in
United States Mint Official American Presidency $1 Coin Covers. NGC will grade the
enclosed coins and seal the entire U.S. Mint cover within a clear semi-rigid plastic
sleeve. This allows the U.S. Mint packaging to be preserved while receiving the
advantages of an NGC-certified grade.
A label across the top of the holder describes the cover and enclosed coins. If
the coins are of matched grade, a single grade line appears. If they receive different
grades, two lines of text are used to describe each coin individually. These coins
will receive the "First Day of Mintage" designation, which is also used by the U.S.
Mint to describe these coins. The text on these covers reads, in part, "The George
Washington $1 Coins showcased in this Official American Presidency $1 Coin Cover
are coins struck on the first day of minting - November 9, 2006 (Philadelphia) and
November 28, 2006 (Denver)."
A 2007 George Washington Presidential $1 Coin Cover graded by NGC, obverse view.
Note that both the Philadelphia and Denver Mint coins share the same grade.Click
image for enlargement.
Because the coins are graded while still housed within the U.S. Mint Cover and will
remain in this packaging, the NGC Coin Grading Guarantee does not apply. The NGC
Guarantee applies only to coins in NGC holders. Like other NGC graded coins, the
grades for these coins will be reported in the NGC Census, and they will be eligible
for the NGC Registry.
NGC recommends that submitters send covers still shrink-wrapped and affixed to cardboard,
as mailed by the U.S. Mint's fulfillment center. This is not required, but coins
in damaged or tampered covers will not be eligible for this service and cannot be
designated as "First Day of Mintage." Only U.S. Mint covers are eligible for certification
by NGC. Privately issued covers are not accepted.
The reverse view of a 2007 George Washington Presidential $1 Coin Cover graded by
NGC. Both coins in this cover share the same grade.Click image for enlargement.
To submit coins for grading and encapsulation in the U.S. Mint cover, submitters
should list the covers on a submission form. Covers should be submitted separately
from other coin types being encapsulated in regular NGC holders. Coins in covers
are eligible for grading at Modern Tier rates, and a grading fee applies to each
coin in the cover. Minimum quantity submission rules still apply, and thus at least
three sets of two coins are required when using Modern Tier. Submitters with a single
coin cover should use the Early Bird Tier. Note that only the encapsulated cover
is returned, and no other packaging materials will be returned by NGC.
Submitters alternatively have the option of having coins removed from the U.S. Mint
coin cover and placed in NGC's EdgeView™ Holder with Presidential $1 Coin
label. The designation "First Day of Mintage" will appear on the label. Submitters
requesting this service should use the Modern Special grading tier, and clearly
write on the submission form the instruction, "REMOVE FROM COVER." The U.S. Mint
Packaging is not returned, but instead is retained by NGC as proof of the designation.
Also note that tier minimum quantity requirements do apply, and submitters of fewer
than five coins must use Early Bird Tier.
Questions regarding NGC Submission procedures should be directed to NGC Customer
Service. They may be contacted by e-mail at [email protected] or by phone at 1-800-NGC-COIN.
A 2007 George Washington Presidential $1 Coin Cover graded by NGC. The grades of
both coins differs, and each coin is described on its own grade line. Click image
Reverse view of the above set. Click image for enlargement.