Numismatic Guaranty Corporation (NGC) has enhanced its grading services with new security by photographing each coin it certifies, the company announced Monday. These images are stored in an online digital database that can be used to identify counterfeit coins and holders.
"This is an aggressive anti-counterfeiting measure. With a secure image repository, it is possible for us to provide real-time assurance that a coin is an authentic NGC-certified product, immediately and at any time of day or night," said Steve Eichenbaum, CEO, Numismatic Guarantee Corporation.
"In addition to providing the best possible holder for the long-term storage of coins, we are taking a serious step towards protecting the hobby."
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Numismatic Guaranty Corporation (NGC) announced on Wednesday the creation of a new division and a series of services for attributing and grading ancient coins that will kick-off on January 1, 2009.
David Vagi, author of Coinage and History of the Roman Empire, will lead the division entitled NGC Ancients, which NGC says will certify "most coins struck in the Western World through circa A.D. 500, as well as coins of the Byzantine Empire."
"I’m thrilled to join NGC at a critical moment in the growth of the ancient coin market. The marketplace and third-party grading have both matured in such a way to make an ancients program not only possible, but necessary," said Vagi, Grading Finalizer and Director of NGC Ancients.
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Numismatic Guaranty Corporation (NGC) said it will begin using its latest generation coin holder, featuring enhanced security features, on a wide-scale basis starting Wednesday. It will also discontinue use of its previous generation holder immediately "in order to maintain turnaround times."
NGC said its new exterior holder and new label will be used for all submissions. The EdgeView® Holder, however, is to be used only for US Walkthrough and US Express tier submissions and all World tier submissions until its full-scale release in early 2009.
"Our service commitment is to encapsulate coins in the most secure holder, made from the best materials available," comments NGC CEO, Steve Eichenbaum.
"This iterative release schedule allows us to expand the availability of the best holder in the most expedient and responsible way," continues Eichenbaum.
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The Professional Coin Grading Service (PCGS) has announced the return of First Strike® inserts to current and future submissions for members of the PCGS Collectors Club.
Ron Guth, President of PCGS, said in an e-mail announcement Tuesday,
“The collecting community let us know loud and clear that they wanted access to the First Strike inserts. Collectors like the First Strike program and they want the opportunity to have their own coins certified.”
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Numismatic Guaranty Corporation (NGC) announced an innovative new coin holder at this year’s ANA World’s Fair of Money® in Baltimore.
The most significant visible improvement is NGC’s EdgeView® design that suspends a certified coin within prongs, much like a ring holds a diamond. The new technology enables clear viewing of the encased coin’s edge.
"Our newest holder satisfies NGC’s combined objectives of exceptional visual display, security and long-term preservation," comments Steve Eichenbaum, CEO of NGC.
"To achieve this, we relied on technology that quite simply did not exist when the last generation of our holder was released in 2001. It is without question the most extensively tested and technologically advanced coin holder ever created."
Several of the security and preservation features promoted for the new coin holders include:
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The Professional Coin Grading Service (PCGS) announced Wednesday the immediate launch of a new "Genuine" service for coin collectors and dealers. For the fee of $100 per coin, PCGS will authenticate and encapsulate problem coins — coins that have been cleaned, suffer environmental damage, altered on the surface, major scratches, etc.
It’s important to point out that coin grading is not included in the new service. The main Genuine service features offer:
- Encasing coins in normal PCGS holders
- Use of standard PCGS inserts
- Use of the word “GENUINE” in place of the usual grade
- Eligibility for inclusion in the PCGS Set Registry (with a grade value of 1)
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Professional Coin Grading Service (PCGS) is offering a new service, the Roll Certification Program, for rolls of Brilliant Uncirculated coins. Certified rolls are encapsulated in a new PCGS product, the clear, durable CrystalVue™ holder, which enables easy viewing of the obverse and reverse designs as well as the coins’ edges.
“In 1986, PCGS revolutionized the coin market by establishing the standard for third-party grading of individual coins. Now, with so many people collecting coins such as Presidential dollars by the roll, PCGS is revolutionizing coin collecting again with the Roll Certification Program. It gives collectors a safe, effective method of protecting their coins for future generations while guaranteeing the authenticity and Brilliant Uncirculated grade of an entire roll,” said Ron Guth, PCGS President.
PCGS now is accepting for roll certification Presidential dollars submitted in Mint-sealed boxes of government-wrapped rolls, and American silver Eagles in Mint boxes. Acceptance of additional coin denominations and series will be announced in the coming weeks.
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