This is the Numismatic Guaranty Company (NGC) grading report for the week of March 16, 2022. The purpose of this report is to inform readers of USCoinNews the estimated time that the Florida-based grading company is taking to grade coins submitted either directly or through an authorized dealer. The goal of the report is to provide realistic expectations on how long it will take for you to get your coins back from NGC. It is not aimed at being a critique or judgment on the company.
According to the NGC website, the company is now effectively caught up on its backlog of submissions. The company is reporting that it is opening packages receive the week of March 7, 2022. Once the packages are opened, it takes on average another 1 week before coins are graded and returned. That means the average ship-to-return is approximately 3 weeks. If you are not an NGC member and submitting your coins through an authorized dealer, that could add another week or two to the process.
NGC, like PCGS and other grading companies, saw a significant increase in the number of submissions in the last two years. This was in large part been driven by the COVID-19 pandemic and the addition of rare coins and bullion to investment portfolios. Couple this will intermittent lockdowns at the beginning of the pandemic, it has had a knock-on effect for the grading companies to catch up.
To get more information on coin grading and joining NGC, head to their site.
Editors Note: Numismatic Guaranty Company is not affiliated with USCoinNews and this report is independent of the company. Clinton, the editor of USCoinNews, is a NGC Member.