Comments on: NGC Certifies 40 Million Coins

By: Joe Brown

Joe Brown — Tue, 06 Mar 2018 07:20:54 +0000

I should say this much ! Label co. , beside counter fit coins, they are helpful for coins that bring a higher payout, if your not quite sure what grade the coin is, but appears to be of a high grade, which doesn’t mean a grade of 70, for instance! Walking Liberty 1/2$, with the lowest mint*state & proof*grade of 60 & a good high grade of 67, ms, & 68, proof, makes coins world apart price wise, but you can agree on a raw coin that you know is of high grade, and they know its that high grade and get that high grade price, without being graded. Label co. are good for error & type coin, among a few other things. I’m not against coin grading company’s for those matter at all! Its pretty much* the price for labels for what they say!, its a waste of money, its the grade not the label! But i* do like labels, but they all should be same price, unless its hand signed, by someone that’s worth the extra price! That*s *Hand*Signed with a bic*.

By: Joe Brown

Joe Brown — Mon, 05 Mar 2018 17:50:48 +0000

Now there the frauds>BSSUCKERS<.

By: Joe Brown

Joe Brown — Mon, 05 Mar 2018 17:42:06 +0000

labeling all begin! To stop >fraudBS< that go,s with it.

By: Ron

Ron — Sun, 04 Mar 2018 19:38:30 +0000

I agree 100% with what Seth Riesling has said here, ever since the NGC Black Core Slab, they said that would ONLY be a limited edition, and ONLY serve just the American Silver Eagle coin and one or two others, N G C (the G standing for GREEDY instead of their Truth or Quality) Lied to the coin collecting world on that !!! Now I can go on & on about the real Lie’s and and Poor Quality within the NGC corp. But I will list list just a few here.Now I have and cannot sell NGC graded coins here due to spots and marks on some of my graded NGC coins, that are graded MS70 & PF70 I HAVE THE PROOF IN PICTURES FOR ANYONE TO SEE !!! And one big odd happening with NGC and the coin dealer in FL. known as MCM – Modern Coin Mart. The two go way back, and they really LIED and RIPPED OFF the world collectors on this one. I had called MCM last year (2017) and asked about if they had any of the 2016 Congradulation Set coins in the NGC slab in the PF70 grade,well they answered me back like NO and with a answer like we do not care at all about that UN-Known (attitude of that coin is what type of answer I got back) on that 2016 coin. They flat out did not care to talk or answer me any thing about that coin,well a few short months later, he is MCM coins, selling the 2016 Congradulations Set coins on ebay and their site with a very Large Mark up !!! it is funny to me how NGC and MCM, got a hold of the OGP for that coin, and inserted a new Proof Silver Eagle back into that package, and all of a sudden MCM was selling that coin, that just a few months before had no concern or information on that coin.Those two GREEDY company’s made a nice size profit and lied to the coin collector’s out there !! I could on and on about the UN-truthful dealings both MCM and NGC has done to make fast and easy money from people who really do not know what happens in the day to day operations with them, more with NGC I would say then MCM, when it comes to NGC deceiving the trust of collectors of fair and honest workmanship. WHO REALLY DOUBLE CHECKS NGC’S GRADING AND ALL THAT GOES ON WITH THAT COMPANY ? Just had to let the people know what I know and have heard from other people about the operations of coin grading by NGC !!!

By: Seth Riesling

Seth Riesling — Sun, 04 Mar 2018 14:45:05 +0000

Old Collector –

The counterfeit coin market in the USA is scary to put it mildly! (mostly from highly deceptive, high-quality counterfeit coins made in China of a wide variety of U S. Mint “old, classic” & “new, modern” coins). Counterfeit coins made in China especially have become rampant in the past 10 years (they have always existed of course, but not in the large quantities seen now). The top third-party certification services offer a service where they do not grade the coin, but authenticate it as “Genuine” on the label & slab it as such at a lower fee since they don’t have to have 3 coin graders & 1
grade finalizer decide a grade for the coin. This is a great “peace of mind” service, especially since it is illegal to own counterfeits of U.S. Mint coins in the USA.
The Chinese counterfeit factories even copy “cheap” coins like the ASE $1 silver coins in Proof & bullion versions. Even some experienced coin dealers have been deceived at first glance. I highly recommend this type of authentication service on any coins you did not get directly from the U.S. Mint. I realize it is an extra cost, but if you ever have to sell a collection or your heirs decide to sell it, they will get a little more for each coin since the buyer doesn’t have to take the legal risk of getting a counterfeit that they are supposed to turn over to the U.S. Secret Service under Federal law. (Only museums & educational non-profits are able to keep collections of counterfeit coins in the U.S. for research & teaching purposes). Good luck!

-NumisdudeTX

By: jim

jim — Sat, 03 Mar 2018 23:39:51 +0000

Gary Lomax –
Thanks for the 35,000,000/2016 clarification. Maybe I just read the article too quickly or that particular distinction didn’t jump out at me.

After all the comments so far nobody seems to care that the graders don’t point out the flaws that lower their coin’s rating. I don’t slab my coins nor do I buy slabbed coins so most of this discussion is irrelevant to me anyway. I have heard in the past and Seth has reiterated that PCGS is more dependable in their ratings than anybody else is so if I were to buy or ask for a coin to be graded PCGS would be my grader of choice.

By: Seth Riesling

Seth Riesling — Sat, 03 Mar 2018 21:31:02 +0000

Old Collector –

In my experiences & observations, “special”/”gimmick”/”kitsch” coin slab labels do not bring a premium when you go to sell to a coin dealer. But, if you find a collector who likes the label & needs it for their collection to have all the same type labels for uniformity, then you can get a small premium usually – maybe $5 to $10 extra per slabbed coin if you are lucky. You know how picky some collectors are! lol

-NumisdudeTX

By: Seth Riesling

Seth Riesling — Sat, 03 Mar 2018 14:48:10 +0000

Both PCGS & NGC charge much higher prices at coin shows to submit coins you want back before the show is over. But, if you have the money & want a “special” show label, go for it!

-NumisdudeTX

By: Mouse

Mouse — Sat, 03 Mar 2018 14:17:21 +0000

Adam – you are right on the money. Both NGC and PCGS grade large sums of coins annually. I am sure some of the big players submit mint strapped / unopened – labeled monster boxes for submission / and by doing so ensure they receive a plentiful supply of MS 70 coins to bring to market for a high premium on resale. Us small guys do not have that ability, so we roll the dice on each submission. Hugh premium / price difference between MS 69 and 70 for some coins.

Would be nice to attend a coin show in person to have coins graded and to inform the grader that if the coin is not a MS 70 – don’t slab it – unless its something special.

Mouse

By: Seth Riesling

Seth Riesling — Sat, 03 Mar 2018 14:14:57 +0000

Adam –

PCGS grades all USA & foreign & ancient coins, plus all tokens, medals & paper money too. They have a club membership too you can join to submit numismatic items directly.
Sounds like you got two nice coin show items for sure!

Happy collecting Adam!

-NumisdudeTX