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Numismatic certification institute from 1987

logger7logger7 Posts: 7,961 ✭✭✭✭✭

Was this under Anacs' auspices or a different outfit? What did they charge for their certifications? Thanks.


Comments

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited August 26, 2019 2:36PM

    Based in TX, Mike Sherman worked there. It was Mr. Halperin's TPGS. They were in competition w/ANACS & INSAB.

  • CaptHenwayCaptHenway Posts: 31,442 ✭✭✭✭✭

    Read the fine print. Heritage Auctions.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭

    @CaptHenway said:
    Read the fine print. Heritage Auctions.

    Does this mean this was a pre-cursor to NGC?

  • BStrauss3BStrauss3 Posts: 3,039 ✭✭✭✭✭

    Yes and No - indirectly as in some of the same parties involved.

    At the time was considered reasonably reputable (this was during the "never certified" era so you have to read contemporaneous commentary looking for the bias)... even after they folded, the grey sheet listed them for many years as 95% of the grey sheet (PCGS/NGC) price. I posted that table from a 1989 CDN somewhere.

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • BStrauss3BStrauss3 Posts: 3,039 ✭✭✭✭✭

    @logger7 - did you miss the words on the certificate itself (bottom right reverse)?

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I saw one of those at a coin show outside Seattle years ago....I think it was a Morgan...Did not buy it, wish I had, just for historical purposes. Cheers, RickO

  • U1chicagoU1chicago Posts: 5,500 ✭✭✭✭✭

    @ricko said:
    I saw one of those at a coin show outside Seattle years ago....I think it was a Morgan...Did not buy it, wish I had, just for historical purposes. Cheers, RickO

    They show up on eBay with some regularity and can be had for around $50 (for an UNC Morgan). There are even a few listed now (with the cheapest around $80).

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @U1chicago ....Thanks for the information...I don't go to ebay very much anymore.... will check them out. Cheers, RickO

  • 1630Boston1630Boston Posts: 13,770 ✭✭✭✭✭

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    Bad transactions with : nobody to date

  • logger7logger7 Posts: 7,961 ✭✭✭✭✭

    @BStrauss3 said:
    @logger7 - did you miss the words on the certificate itself (bottom right reverse)?

    Thanks for pointing that out. The dealer I bought it from said it was an old Anacs flip grade.

    Were these accurately graded, and what did they charge?

  • Walkerguy21DWalkerguy21D Posts: 11,072 ✭✭✭✭✭

    **> @BStrauss3 said:

    Yes and No - indirectly as in some of the same parties involved.

    At the time was considered reasonably reputable (this was during the "never certified" era so you have to read contemporaneous commentary looking for the bias)... even after they folded, the grey sheet listed them for many years as 95% of the grey sheet (PCGS/NGC) price. I posted that table from a 1989 CDN somewhere.

    **
    Yep, I clearly remember them posting the NCI values on the Grey Sheet many years ago.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited August 27, 2019 8:26AM

    While Heritage and Mr. Halperin may be an investor (?) or customer of NGC, NCI WAS NOT a pre-cursor to NGC. Additionally, the principals at Heritage or NCI were not openly involved (if at all) in the start-up of NGC. Anyone know differently? I know someone here knows all the back room stuff.

  • BStrauss3BStrauss3 Posts: 3,039 ✭✭✭✭✭

    As I said, they were pretty good in the day - the CDN (Grey Sheet) had a table that related alternate grading services to the values in the sheet.

    There was a book about their grading:

    https://www.amazon.com/N-C-I-Grading-Guide-Step-step/dp/0933372027

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • I posted a morgan like this on my profile to try to find out what it's worth and a little something about it. I'm kinda new to the coin world and would like to know what I have before I sell it. Can anyone help me out?

  • logger7logger7 Posts: 7,961 ✭✭✭✭✭

    @Jonaikens87 said:
    I posted a morgan like this on my profile to try to find out what it's worth and a little something about it. I'm kinda new to the coin world and would like to know what I have before I sell it. Can anyone help me out?

    Do you have a picture of it?

  • PerryHallPerryHall Posts: 45,208 ✭✭✭✭✭

    @logger7 said:
    Was this under Anacs' auspices or a different outfit? What did they charge for their certifications? Thanks.


    Why in the hell did someone put a sticker on liberty's face? Is there something on the certificate that they are trying to hide?

    Worry is the interest you pay on a debt you may not owe.

  • davewesendavewesen Posts: 5,683 ✭✭✭✭✭

    it is a Morgan dollar and seems to be worth in the $150 to $250 area to someone who would want it.

    I suspect NCI closed down when the FTC went after some coin companies around 1990, but the NCI coins I have seen are all fairly graded.

    https://washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/

  • logger7logger7 Posts: 7,961 ✭✭✭✭✭

    @PerryHall said:

    @logger7 said:
    Was this under Anacs' auspices or a different outfit? What did they charge for their certifications? Thanks.


    Why in the hell did someone put a sticker on liberty's face? Is there something on the certificate that they are trying to hide?

    I have no idea, Dennis. Not something I would have done.

  • logger7logger7 Posts: 7,961 ✭✭✭✭✭

    @davewesen said:
    it is a Morgan dollar and seems to be worth in the $150 to $250 area to someone who would want it.

    I suspect NCI closed down when the FTC went after some coin companies around 1990, but the NCI coins I have seen are all fairly graded.

    https://washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/

    Interesting and useful historical article! And this was after the "investment" craze of 1989 when many thinly capitalized certified coins went through the roof, then collapsed. And grading continued to be very tight through the 1990s.

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