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NCS Coins on Teletrade
Responding to the popularity of NCS's Authentic
Only and Details Graded coins, Teletrade will feature
NCS-graded exclusive auctions on a regular basis in
its new "Sunday Collector Auctions."
Teletrade, the leader in internet auctions, is now accepting
consignments of NCS certified coins for the inaugural
auction which will be held on April 27, 2003. Consignments
will be accepted for this auction until April 5. Coins
already certified by NCS can be consigned to Teletrade
by submitting them to: NCS c/o Teletrade at 27 Main
Street, Kingston, NY 12401.
To have coins certified by NCS and subsequently consigned
to Teletrade, use the Teletrade submission form and
send the coins to Teletrade c/o NCS at PO Box 4760,
Sarasota, FL 34230. Submission forms can be found at
www.teletrade.com/ncs.
"We are very pleased that Teletrade is responding
to the popularity of NCS certified coins by holding
NCS-graded auctions on a regular basis," says Brian
Silliman, Assistant Director of Operations for NCS.
"Demand for NCS certified coins has grown exponentially
since we started offering both the Authentic Only and
Details Graded services. Teletrade is providing a great
venue for collectors and dealers to trade coins that
we have certified."
Fees to submit raw coins for NCS certification and subsequent
Teletrade consignment start at $6 per coin. Teletrade
does not require that the submitter send money with
the coins; rather they will deduct grading fees from
the sale proceeds.
For more information and submission forms, please refer
to www.teletrade.com/ncs
as well as www.ncscoin.com/teletrade.
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Important: NCS Rate
Changes
Effective April 1, 2003, certain NCS submission fees
will be adjusted.
NCS has only made adjustments to the fee schedule for
a few of the most popular services. The evaluation fee
and conservation fees will remain the same with exception
of the minimum conservation fee, which has been raised
from $5 to $10. The percentage of value will remain
the same for both evaluation and conservation.
The Conservation Report service option is now $75 per
coin.
While Details Grading fees will not change, the Authentication
fees have been adjusted slightly.
Only the following fees will change on April 1.
 |
Conservation |
1.5% of declared value/$10
minimum fee |
 |
| Conservation Report |
Increased to $75 per coin |
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| Authentication Fees |
Fee per coin |
Value per coin |
| |
$10 |
Up to $500 |
| $15 |
$501-2,500 |
| $20 |
$2,501-5,000 |
| $25 |
$5,001-10,000 |
| $35 |
$10,001-25,000 |
| $40 |
Over $25,000 |
NCS will honor current submission fees for all submissions
postmarked prior to April 1, 2003. Submitters can continue
to use the old submission forms or request new forms
by calling NCS customer service at 866-627-2646 or by
e-mail at ncshelp@ncscoin.com
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