NGC Presidential Dollar Special Designations
Posted on 4/1/2007
This is a clarification of the submission requirements for special designations used by NGC for Presidential $1 Coins.
Several conventions have been adopted by NGC for the certification of Presidential $1 Coins. For example, NGC uses the EdgeView™ Holder and red, white, and blue Presidential $1 Coin label for all examples submitted to us for certification. Additionally, NGC uses two distinct early release designations.
FIRST DAY OF ISSUE
This is reserved for Presidential $1 Coins submitted to NGC on the official release date as reported by the US Mint. Coins sent to NGC by overnight carrier which arrive on the day immediately following the official release date are also eligible. No coins will be accepted for this designation after the time period described above.
Release dates are reported on the U. S. Mint's Web site:
Bulk submitters are invited to send additional quantity of First Day of Issue coins to NGC on the official release dates. Requests can be made to accommodate current certification demands, and coins warehoused for future needs. Uncertified First Day of Issue coins can be returned at any time at the submitter's request. Minimum quantity for warehousing is 1,000 coins.
First Day of Issue coins appear on the NGC Census with the designation "FD." Additional information and submission requirements appear on our Web site:
FIRST DAY OF MINTAGE
This designation is used for Presidential $1 Coins submitted in U.S. Mint Official American Presidency $1 Coin Covers. The coins housed inside these holders, according to the U.S. Mint, were struck on the first day of minting. Coins in damaged or tampered holders are not eligible for this designation. There is no time limit or date of submission requirement for this designation.
As an alternative to the NGC holder, NGC will seal the entire cover within a semi-rigid plastic case, with grades appearing on a large format label. Full information about these certification options and submission procedures appear on our Web site:
First Day of Mintage coins will appear on the NGC Census with the designation "FM."
NGC does not accept crossover submissions for the First Day of Issue or First Day of Mintage designations.
NGC receives a large volume of crossovers. Crossovers are coins submitted for certification in the holders of other companies. While crossover grading services are available, designations assigned by other companies are not transferable. Coins can, however, cross without designation, provided that they meet NGC standards for the assigned grade. These coins will be reported in the general population of undesignated Presidential $1 Coins.