Thoughts? Is This a First: "NGC-CFC Numismatic Loan Program"
Email just received today...not sure this is a good idea...do they take physical possession of the "collateral"?
NGC is excited to partner with Collateral Finance Corporation (CFC) to offer NGC members the opportunity to apply for a commercial loan at a special rate using their NGC-graded coins as collateral. Effective now, NGC members can apply for a numismatic-backed loan, which offers cash liquidity without having to sell assets. To celebrate the partnership, CFC is offering a special introductory rate for new clients who apply at NGCloan.com.