Comments on: NGC Offers ‘Early Production’ Designation

By: Joe

Joe — Thu, 06 Aug 2020 03:33:48 +0000

In reply to Seth Riesling. You are so right about the bag of Kennedy half dollars from 1964. NGC should look at it own rules (must be submitted with 30 days of release. Is it possible that the same submission form a 'regular' customer would not have received this label?

By: Seth Riesling

Seth Riesling — Thu, 30 Jul 2020 18:45:08 +0000

In reply to Raphael.

Raphael –

You are so right on your point! NGC gave coin dealer Rick Tomaska of a t.v. coin show, special treatment for his bag of silver 1964 JFK half dollars because he is an NGC authorized coin dealer (a special favor to a very wealthy coin dealer who uses NGC a lot to have his overpriced t.v. coin show coins graded/slabbed). NGC even knows when a major coin dealer sends in coins & the NGC management issues press releases to tell how honored NGC is to have been trusted to grade the dealer’s coins! Isn’t NGC supposed to be totally unbiased & the graders at NGC should not know who owns the coins sent to them for grading! They even once video taped at their Sarasota, Florida headquarters, with the late numismatic Devil Robert Chambers of ripoff t.v. coin show The Coin Vault, owned by crooked SilverTowne coin company, the opening of one of their U.S. Mint’s green plastic “Monster boxes” of silver American Eagle $1 bullion version coins so that The Coin Vault cable tv show could run the video on live cable t.v. to show their uneducated consumers/customers that “NGC does this for us as a major coin company”. Such corruption at NGC! NGC was sued by the government & lost the case for its fraudulent “First Strikes” labels on their slabs & had to pay a big fine & had to donate money to the ANA & grade for free some Smithsonian Institution coins as part of their conviction in court by the judge in the case. Did NGC issue a press release to consumers/customers about that public information??!! – NO!

Numismatdudetx3

By: chuck

chuck — Thu, 30 Jul 2020 17:45:26 +0000

Might be interesting to know who the “private owners” are: dealers? mint personnel? ??
Do they know what “bullion” strikes are? Are they labeling the (WPMH coins) as “bullion”? (They stated/indicated the “West Point Mint Hoard” were: “prior-year bullion coins”).
I only have one graded coin by the grading services and it was not graded by NGC. This one is/was enough. It was only acquired because an ungraded one had not been found at the time the coin was wanted and acquired.

By: Raphael

Raphael — Thu, 30 Jul 2020 16:03:19 +0000

Interesting, the same company that certified a mint bags of 1964 Kennedy Half’s over 50 years after being struck as “First Strikes”. Reason being it was for a Big shot that spends a lot of money in grading services name Rick and is a Half dollar expert. Yet they will not certify a unopened U.S. mint sealed 2016 Reagan Presendental dollar box as early releases. It’s not about grading its he who makes the most money for them gets their; deserving of privileges or special treatment seal.

By: Seth Riesling

Seth Riesling — Thu, 30 Jul 2020 04:10:31 +0000

NGC, a private company which does not have to report to any government regulatory agency per se, (unlike PCGS which is publicly owned & answers to its shareholders & the USA government SEC etc.) seems to think that the day & month a coin is struck matters. It only matters if it is an official first day of issue ceremonial strike from the Mint’s officials & invited guests who can purchase those coins from a fresh set of two new dies upon release to the public, and is a very rare occurrence. The U.S. Mint does NOT officially recognize any other terms such as “First Releases,” ” Early Releases,” ” First Day of Issue,” ” First Strikes” “Early Strikes” etc. that NGC uses. These terms on NGC coin slab labels are meaningless in numismatic terminology on slab labels & is just marketing hype, gimmicks & putting lipstick on a pig & misleading the consumers by NGC in an effort to increase their income from grading coins. Without the Mint’s silver American Eagle $1 coins in all their iterations that are sent in to NGC for grading, (NGC states they have graded more than 11 million of these common coins) NGC would be bankrupt!! Caveat Emptor (Buyer Beware) of this scam system by NGC!
How many of you have ever been offered much more $ for a “fancy label” (other than hand-autographed labels), from a coin dealer when you go to sell such slabbed coins with these bogus labels?

NumisdudeTX

By: Valdez Dav

Valdez Dav — Thu, 30 Jul 2020 03:15:35 +0000

NGC and USMINT working together to milk the heck out of who left as collector. This is getting out of hand. Just look at some NGC Silver Eagle Category Sets including all the eagles ever made. For the last several years there are so many eagle verities different mints and labels, it is hard to keep up. Hard to collect them all.

By: Stewart

Stewart — Thu, 30 Jul 2020 01:28:34 +0000

Perhaps we will see the even more rare “Intermediate Production”, or “Spring is in the Air” coins. WTF industry has this become.

By: K ROB

K ROB — Wed, 29 Jul 2020 23:27:53 +0000

In reply to Chas. Barber. I wonder why the grading companies haven't figured out that the mint puts out "MONTHLY" sales numbers on silver eagles and why they don't designate by month.some months have lower sales numbers than others,think how many more people they could ripoff doing that!

By: Chas. Barber

Chas. Barber — Wed, 29 Jul 2020 22:28:03 +0000

Wow, wtf won’t they do to create a label make $ & rip off poor morons who fall for it. Early releases, first strikes, early production, struck watching Leave it to Beaver…..ridiculous. Forget the slab, buy a coin. NGC Nationwide Grafting Conglomorate