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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NGC has introduced a new online resource, the NGC Coin Encyclopedia. The resource includes both US and world coin designs and sports a click and drill down menu approach to finding coin information and their images. The interface also includes a quick search feature.
The detailed content was developed by the NGC Research Department. A nice aspect to the online encyclopedia is the amount of information provided for each coin and the nice bevy of large coin images.
When selecting a coin to get more information, the results page includes its obverse and reverse image. Each of these images can be enlarged with a simple click.
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A news article today recounted how China’s leading online game operator, The9 Ltd., will begin suspending the accounts of players who steal and then resell virtual coins used within the extremely popular and worldwide online game, World of Warcraft®.
With a world subscription base of over 10 million players who each pay a monthly fee, the news is positive for that particular online community. But what about the real world where coins and their holders are counterfeited and then sold?
In recent months, two of the top coin certification companies have issued consumer advisories regarding counterfeit replica coin holders used to help sell fake or counterfeit coins through online auctions such as eBay®.
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Settlement from Francisco v. NGC Will Support Education
The American Numismatic Association has received a $447,095 donation to support educational programs and produce a much-needed consumer awareness booklet with helpful information on coin collecting.
The donation is from the settlement of a class action lawsuit, Francisco v. Numismatic Guaranty Corporation, concerning First Strikes designation. While admitting no wrongdoing or liability, NGC settled the case and discontinued the use of First Strikes, believing that controversy from the lawsuit would not be in the best interests of the hobby.
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The Numismatic Guaranty Corporation (NGC), founded in 1987 and a leader in third-party grading services, has announced a new interim hologram on NGC standard holders.
The updated hologram includes the non commercial web site, www.ngcterms.com, containing information regarding coin grading and the terms of NGC certifications.
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This month the Numismatic Guaranty Corporation (NGC) expanded its Star Designation for US coins graded up to MS 69 and PF 69. Prior to January 1, 2008, the designation was set within MS 63/PF 63 and MS 69/PF 69. According to NGC,
The Star Designation is NGC’s unique identifier of coins with exceptional eye appeal or characteristics that distinguish them from other coins of the same technical grade. This does not mean that they just miss the next grade, but it can mean that they verge on the next designation.
NGC indicates all coins submitted to them will receive free review for the Star Designations. Coins already certified by NGC can be resubmitted under their Designation Review service for $10 each.
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Today, Jan. 7, the Numismatic Guaranty Corporation (NGC) has confirmed the existence of counterfeit replica holders.
NGC was founded in 1987 to objectively provide third party grades to coins. Coins sent to NGC are analyzed, graded, recorded and then encapsulated in tamper resistant, protective holders.
While there are several coin grading services in existence, NGC is considered to be one of the top two - PCGS being the other.
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eBay’s trying to step up efforts to stymie fraudulent numismatic listings and the selling of counterfeit coins.
Last week they implemented an updated policy for how certified coins could be listed in online auctions. What’s changed?
In writing, not much. The policy guidelines aren’t exactly long. However, the changes they detail are significant.
eBay’s policy update for certified coins
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