NGC Grades and Encapsulates 35 Millionth Coin

by CoinNews.net on June 10, 2016 · 2 comments

India-Jaipur 1945 Year 24 Nazarana Mohur

This extremely rare India-Jaipur 1945 Year 24 Nazarana Mohur is an example of one of the now 35 million coins that NGC has graded and encapsulated

Numismatic Guaranty Corporation (NGC) graded its 35 millionth coin, and is the first third-party coin grading service to reach the landmark figure, according to a company news release published on Friday, June 10.

NGC graded nearly five million coins in the last two years alone, having hit the 30-million mark in mid-April 2014. Their growth, according to the company, is driven strongly by their expansion around the world and continued strength in the U.S. modern coin market.

"It is a great honor to have been trusted to certify more coins than any other grading service," said NGC Chairman Mark Salzberg. "We are extremely grateful and humbled by the trust that collectors and dealers place in NGC’s services. We look forward to continuing to provide the best services with the highest integrity all around the world."

In addition to its Sarasota, Florida, headquarters, NGC has offices in Munich, Germany; Hong Kong; and Shanghai, China. It also has Official Submission Centers in China, Singapore, Korea, Japan and Taiwan. World coins remain the fastest-growing segment of NGC’s business, with the company saying they have now graded 1,500,000 Chinese coins, 400,000 South African coins, 400,000 Australian coins and nearly 325,000 Canadian coins.

For information about NGC and their grading services, visit www.ngccoin.com.

{ 2 comments… read them below or add one }

Seth Riesling June 10, 2016 at 1:36 pm

No doubt most of the coins graded by second-tier grading serving NGC are the common silver American Eagle bullion coins. The US Mint’s American Eagle coin program keeps them in business.

-NumisDudeTX

RODNEY MOORE February 14, 2017 at 7:09 am

So far I have only had NGC grade my coins because I like their holders in general and the Kennedy label in particular since I mainly collect Kennedy coins.
I’ve found NGC to be arrogant and rude when you deal with them and that’s just the least of their problems.
Once i sent coins in OGP packaging and they thought the coins were special high reliefs and graded them as such, with one coin being worth $480 if it really was a high relief. I had to call 3 times to have them look again and correct the mistake. I could have just taken the bogus attribution and sold the coin for $480 but I insisted they attribute the coin for what it really was, an ordinary MS coin worth about $300 less. The fact that I kept telling them the coin was one that was worth $300 less should have been a big clue that they were wrong. It seems the graders are lost when it comes to knowing about coins. Another time I sent in coins and I put the wrong date on the order form by accident. They certified the coins to be the wrong year! They didn’t seem to think this was a big deal but it most certainly is! Do they grade coins and actually look at them or do they just take your money and put whatever year you want the label to say? My most recent experience was just the opposite where they wouldn’t attribute some coins to a mint issued set because they said they didn’t ‘recognize’ the set??? That’s pretty high and mighty of them to tell the mint what is recognizable as a set and that some don’t count. This was the 2014 coin discovery set that I bought and went to a lot of trouble to send in in a mint sealed box (the packaging is bulky since the set has coin collecting supplies and an educational booklet). The thing that is so frustrating is the PCGS recognizes the set. But, I really wanted NGC to grade and attribute them so that the coins matches the rest in my collection that is in NGC holders.
It looks like I will have to get a membership with PCGS to have my coins graded and properly attributed. You’d think that NGC wouldn’t want someone that regularly sends them coins to go somewhere else?
I think NGC does a terrible job on everything except for having very nice looking holders and labels. Hopefully they will either get some new competition or maybe PCGS will change their holder style and have better looking labels. I think that the NGC chairman Mark Salzberg is probably clueless to what goes on in the company and what the experience is for people that submit only 100 coins a year for grading. I suspect that he doesn’t care and is only concerned with the customers that send in large orders. I have written NGC about this and I told them that some of the people that start out small may grow to be major contributors if they are encouraged instead of discouraged. I think that some of the practices of NGC is shameful.

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