Comments on: NGC Grades and Encapsulates 35 Millionth Coin https://www.coinnews.net/2016/06/10/ngc-grades-and-encapsulates-35-millionth-coin/ CoinNews delivers the latest World and US coin news Tue, 14 Feb 2017 13:09:07 +0000 hourly 1 https://wordpress.org/?v=7.1.1 By: RODNEY MOORE https://www.coinnews.net/2016/06/10/ngc-grades-and-encapsulates-35-millionth-coin/#comment-201955 Tue, 14 Feb 2017 13:09:07 +0000 http://www.coinnews.net/?p=58437#comment-201955 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.

]]> By: Seth Riesling https://www.coinnews.net/2016/06/10/ngc-grades-and-encapsulates-35-millionth-coin/#comment-166562 Fri, 10 Jun 2016 18:36:36 +0000 http://www.coinnews.net/?p=58437#comment-166562 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

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