Who is Numistrust Corporation - NTC?

Zoins · February 22, 2019 8:06PM

I've noticed that EDM uses a lot of PCGS and a few NTC slabs. Who is NTC? Are EDM and NTC the same company or different?

ms70 · February 22, 2019 8:08PM

http://www.ntccoin.com/

Can't find anything on EDM.

Zoins · February 22, 2019 8:10PM

I've noticed they are in Florida, along with NGC and NNC - http://www.nnccoingrading.com/. Is there something about TPGs that begin with "N" and Florida?

Is NTC related to EDM?

ms70 · February 22, 2019 8:11PM

"All of our graders have a minimum 30 years of experience, with our senior grader having over 50 years of experience."

If that's the case I'm sure someone associated with them must be a member here.

ilikemonsters · February 22, 2019 8:14PM

A great, great friend of mine founded this company all those years ago...

Zoins · February 22, 2019 8:16PM

@ilikemonsters said:
A great, great friend of mine founded this company all those years ago...

Good to know!

Is it the same company as now? It seems like they may have changed ownership or something in 2013.

Please note that only coins that were graded by the new NTC as of May 1,2013, which exhibit the NTCCOIN.COM hologram on the back label, will be available to be searched and verified.

Zoins · February 22, 2019 8:17PM

@ms70 said:
Can't find anything on EDM.

EDM is short for edynamicmarketing, a popularly discussed dealer with a lot of toned PCGS Secure / TrueView coins.

U1chicago · February 22, 2019 8:26PM

The old NTC was usually considered near the bottom of the slab ratings (below the likes of PCI, SEGS, NCI, ACG).

It appears they are under new leadership from 2013 and at least attempted to clean up the reputation of the old slabs (at least based on the following offer on their website)

"Submit older NTC coins for grading for only $2.00/coin and receive a certificate for 1 free regular service coin grading. (One certificate per submission)."
http://www.ntccoin.com/index.php/older-ntc-coins

Here is their about us page:
http://www.ntccoin.com/index.php/about-us

And here is some info from Conder101:
"NTC has been around since early 2001. It was connected with a Florida coin dealership called Rare Island Coins. They are now located in New York. But it did expand into a TPG and not just a basement slabber because they did accept outside submissions. They have had four different generations of slabs. The most recent being introduced May 1, 2013."

U1chicago · February 22, 2019 8:29PM

And I doubt EDM has any connection to NTC.
I'm guessing the old NTC slabs are just easy to gas (plus he might have been able to pick up a bunch for cheap to experiment with).

cameonut2011 · February 22, 2019 8:33PM

EDM is among coin dealers as NTC is to coin grading services - a complete joke.

Zoins · February 22, 2019 8:54PM

@cameonut2011 said:
EDM is among coin dealers as NTC is to coin grading services - a complete joke.

Perhaps, but EDM's primary dealer isn't.

Wabbit2313 · February 22, 2019 9:45PM

NTC is a total joke.

Timbuk3 · February 22, 2019 10:04PM

Good to know, thanks for sharing !!!

cameonut2011 · February 22, 2019 11:16PM

@U1chicago said:
And I doubt EDM has any connection to NTC.
I'm guessing the old NTC slabs are just easy to gas (plus he might have been able to pick up a bunch for cheap to experiment with).

As bad as the holders smell when you crack them, it's almost like the NTC slab does the gassing for you.

PerryHall · February 23, 2019 2:26AM

It's strange that a grading company would call itself "New Mistrust".

ricko · February 23, 2019 4:16AM

I am not familiar with either one.... but I don't get out much anymore No shows, no shops and do not know any collectors in this town. Cheers, RickO

logger7 · February 23, 2019 4:21AM

NTC/NNC and similar chintzy slabs and questionable grading without significant guarantees on their grades.

keets · February 23, 2019 5:26AM

most of the newer, lower tier TPG's have two things in common, they start as a self-slabber and eventually change ownership.

robec · February 23, 2019 8:55AM

I bought this coin from a Greattoning auction 5 years ago. Now graded MS66BN by PCGS.

Cougar1978 · February 23, 2019 8:58AM

They had $5 grading years ago. Had some pieces graded by them. Felt their grading accurate but the market prefers PCGS / NGC.

So they still in business?

RogerB · February 23, 2019 9:53AM

RE: "All of our graders have a minimum 30 years of experience, with our senior grader having over 50 years of experience."

Experience in what? Also, there are lots of "Senior graders" in Florida. Just go to any intersection and watch 'em blow through the STOP sign !

keets · February 23, 2019 10:53AM

several years ago i posted the thread below and was really harangued by some members. like the old saying says, no good deed goes unpunished.

https://forums.collectors.com/discussion/206849/the-ntc-experiment-or-is-ntc-as-bad-as-we-give-them-credit-for

Unknown · February 23, 2019 11:16AM

This content has been removed.

keets · February 23, 2019 11:38AM

Alan, what that list of coins told me was what the collector brought in, what he had collected. in that regard not much has changed in the 15+ years I posted it.

logger7 · February 23, 2019 11:50AM

If Joe Publick sends them some random coins, and as the profits may not be much they could go accurate as that would help their reputation; if they are going to run their or their friends coins in some questionable auction they will go high on grades. but not so crazy high as to be a laughingstock, so as to maximize their @$$ets. The same thing happened with currency grader CGA under JL. Random submissions were usually accurate especially the non-"money" grades. Their inhouse or insider submissions employed a "what it looks like it could be" grading philosophy for maximum profit$. 50 years? "He has long been regarded as a leading and authoritative expert of many pea-brained subjects".

Wabbit2313 · February 23, 2019 12:47PM

@keets said:
several years ago i posted the thread below and was really harangued by some members. like the old saying says, no good deed goes unpunished.

https://forums.collectors.com/discussion/206849/the-ntc-experiment-or-is-ntc-as-bad-as-we-give-them-credit-for

I only read down a few comments but you sure owned that Eddie dude! LOL.

keets · February 23, 2019 1:29PM

Wabbit, that thread was a disaster, but i just went and looked and you are right!!!

RogerB · February 23, 2019 1:49PM

According to the Honor Society of Nursing "A truss is a medical belt that can be worn to support a hernia. A truss is also known as a hernia belt."

Therefor "Numistrust Corporation" either makes these for numismatists, or makes devices that lift and support the grade of a coin even if it has ruptured luster.

Zoins · February 23, 2019 1:55PM

Here's a letter from the owner posted here:

http://coinauctionshelp.com/NTC_TPGS.html

To Whom It May Concern,

I recently viewed your website and was very impressed with it. We seem to share the same passion of helping collectors to be well informed about Numismatics.

Please allow me to introduce myself. I am one of the owners of the New NTC Coin Grading Service.The original NTC essentially stopped accepting submissions in 2010, when the owner became terminally ill. I was a consultant grader for the original company from 2003-2007 afterward which I had relocated to New York. I had maintained a friendship with the owner until his passing in 2012. We purchased the rights to use the name "NTC" along with all remaining equipment from his family.

We formed a new corporation and revamped the entire operation (NTC II, INC) in order to provide consistent, conservative accurate grading, according to the current grading standards. I always liked the fact that NTC had been collector as well as dealer friendly. Their slab was very attractive and as durable if not more durable than the other major grading services. I always felt NTC had the potential to be one of the top grading services. There just seemed to be some complains of inconsistent grading in the past. Well, we have certainly addressed this issue with the new company.

Our graders have on average 30 years experience, with our senior grader having over 50 years experience in the coin industry. We have made some changes to our slab to differentiate the old NTC from the new. We now have a hologram on the back of the slab. Our website also has a searchable database for all coins certified by the New NTC. You can go to the website, enter the serial # of the coin and verify that it is the coin, just as the other major services have. We have been advertising in several of the industry trade publications and have had very positive feedback thus far from collectors and dealers alike.

The website for the New NTC has remained that same as you have listed on your website www.ntccoin.com, however our address has changed to 160 1st Street #29 Mineola NY 11501. Our new phones #'s are 516 746-1826 or toll free 1-855-NTC COIN. We would sincerely appreciate if you would update the information on the link for NTC that is listed on your website with the new information. If you have any questions, please feel free to contact us."

Zoins · February 23, 2019 1:56PM

I got the impression that EDM has been around a long time as well and that they are associated with The Orlando Mint.

BStrauss3 · February 23, 2019 3:57PM

Search for them here: https://appext20.dos.ny.gov/corp_public/CORPSEARCH.SELECT_ENTITY

According to Zillow, their registered address is a 4br, 2ba single-family dwelling.

cameonut2011 · February 23, 2019 4:11PM

@Zoins said:
Here's a letter from the owner posted here:

http://coinauctionshelp.com/NTC_TPGS.html

To Whom It May Concern,

I recently viewed your website and was very impressed with it. We seem to share the same passion of helping collectors to be well informed about Numismatics.

Please allow me to introduce myself. I am one of the owners of the New NTC Coin Grading Service.The original NTC essentially stopped accepting submissions in 2010, when the owner became terminally ill. I was a consultant grader for the original company from 2003-2007 afterward which I had relocated to New York. I had maintained a friendship with the owner until his passing in 2012. We purchased the rights to use the name "NTC" along with all remaining equipment from his family.

We formed a new corporation and revamped the entire operation (NTC II, INC) in order to provide consistent, conservative accurate grading, according to the current grading standards. I always liked the fact that NTC had been collector as well as dealer friendly. Their slab was very attractive and as durable if not more durable than the other major grading services. I always felt NTC had the potential to be one of the top grading services. There just seemed to be some complains of inconsistent grading in the past. Well, we have certainly addressed this issue with the new company.

Our graders have on average 30 years experience, with our senior grader having over 50 years experience in the coin industry. We have made some changes to our slab to differentiate the old NTC from the new. We now have a hologram on the back of the slab. Our website also has a searchable database for all coins certified by the New NTC. You can go to the website, enter the serial # of the coin and verify that it is the coin, just as the other major services have. We have been advertising in several of the industry trade publications and have had very positive feedback thus far from collectors and dealers alike.

The website for the New NTC has remained that same as you have listed on your website www.ntccoin.com, however our address has changed to 160 1st Street #29 Mineola NY 11501. Our new phones #'s are 516 746-1826 or toll free 1-855-NTC COIN. We would sincerely appreciate if you would update the information on the link for NTC that is listed on your website with the new information. If you have any questions, please feel free to contact us."

An original "consultant" grader for the original NTC - got it! That's all that needs to be said. Pass.

cameonut2011 · February 23, 2019 4:14PM

@PerryHall said:
It's strange that a grading company would call itself "New Mistrust".

It is like SGS but better at mixing up the grades on the labels. True enough there are a few semi-accurate to accurately graded pieces (usually cheap coins), but even a blind squirrel finds an acorn every now and then.

Zoins · February 23, 2019 4:49PM

@U1chicago said:
And I doubt EDM has any connection to NTC.
I'm guessing the old NTC slabs are just easy to gas (plus he might have been able to pick up a bunch for cheap to experiment with).

This certainly seems possible.

ilikemonsters · February 23, 2019 5:11PM

@Zoins said:

@ilikemonsters said:
A great, great friend of mine founded this company all those years ago...

Good to know!

Is it the same company as now? It seems like they may have changed ownership or something in 2013.

Please note that only coins that were graded by the new NTC as of May 1,2013, which exhibit the NTCCOIN.COM hologram on the back label, will be available to be searched and verified.

It is the same company, just under new ownership once he sold the company.

Many people say the grading was far off. And, it probably was. The only NTC coin I purchased was an MS67 1956 Roosevelt Dime. It graded MS67 at PCGS as well...

Bankerbob56 · February 25, 2019 11:54AM

I purchased a Washington quarter from them years ago Per NTC it was an MS64 32D.... IMHO it was an AU55! I called the company about the grade and they stumbled and bumbled.... I acquired the coin cheaply and still took a small bath on it. I have never owned an NTC graded coin since. As stated, NTC was baaadddd.....

Who is Numistrust Corporation - NTC?

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