NCS: I don't get it.
Singapore
Posts: 578
Instead of submitting a coin to NCS, wouldn't it be better to just scratch "this is a bad coin' into the obverse field using the pointy part of a nail clipper?
I'm just a little unclear on the concept.
The only benefits I can see (though I'm sure someone out there is going to set me straight) is that they'll put your coin into a piece of plastic similar in size and shape to those used by PCGS and NGC, and they guarantee authenticity
The downside is that the coin will have whatever is wrong with it printed neatly in capital letters on its holder positioned perfectly to smash any potential buyer directly in the face. Lets even forget the buyer scenario - say your home proudly showing your coin collection to the Kammerers next door when Mrs. Kammerer, who knows nothing about coins, asks you what 'environmental damage' means. Obviously, we can all do without such numismatic embarrasment.
I would say that it would be better to have a raw coin than one neatly encased in a slab which has 'this coin is no good' printed above it. On the other hand, I'm a contrarian.
Are you with me people?
I'm just a little unclear on the concept.
The only benefits I can see (though I'm sure someone out there is going to set me straight) is that they'll put your coin into a piece of plastic similar in size and shape to those used by PCGS and NGC, and they guarantee authenticity
The downside is that the coin will have whatever is wrong with it printed neatly in capital letters on its holder positioned perfectly to smash any potential buyer directly in the face. Lets even forget the buyer scenario - say your home proudly showing your coin collection to the Kammerers next door when Mrs. Kammerer, who knows nothing about coins, asks you what 'environmental damage' means. Obviously, we can all do without such numismatic embarrasment.
I would say that it would be better to have a raw coin than one neatly encased in a slab which has 'this coin is no good' printed above it. On the other hand, I'm a contrarian.
Are you with me people?
Singapore
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Edited to add : from your post, you seem to be talking only about coins which would no-grade at major grading services. NCS does much more than that for coins which can and do grade at NGC and PCGS.
Neil
The other sevice they provide is conservation. I see nothing wrong with the attempt to conserve a coin so it's around when my grandchildren's grandchildren are collecting. Should we let the walls and the ceiling of the Sistine Chapel fade away into obscruity too?
I can understand why Mike likes it - he got a good deal. Or Trade Dollar Nut - he got some varieties slabbed that couldn't be otherwise.
But I still find it hard to believe that a business can exist where someone pays a company some amount of money and in return receives a coin in a holder which is now very likely worth less than it would be without the holder.
Its like getting a bad haircut, sort of.
<< <i>But I still find it hard to believe that a business can exist where someone pays a company some amount of money and in return receives a coin in a holder which is now very likely worth less than it would be without the holder. >>
Nope, it would be worth more in the holder. In the holder, the problems are known. Outside the holder the problems can be unknown. As a buyer, I would much rather pay for a NCS holder where I knew what I was getting than get shafted by a seller who thought they could get more by not documenting the problems.
And, technically, the coin should be worth the same before and after holdering because the coin did not change. Only documented. So a whizzed (for example) morgan is worth the same regardless. But I bet it's more sellable in a NCS holder than raw. And if a seller would sell it without admitting to it being whizzed (where they knew it or suspected it) then that seller is unethical and should not be in the business.
The coin is not worth more unholdered except to those who are not aware of its problems.
Neil
being a contrarian is one thing, but posting like an anaconda clone when he was in a bad mood is another. are you soliciting information with your inane posting or just coming around when you're bored?
A Kammerer suggestion:
open the "PM" and "view profile" functions on your toolbar and try entering into discussion on some areas of numismatics that you enjoy instead of harping about what annoys you. that's always more constructive and eddifying. your practices to date----all 22 of them----are really quite "trollish" in nature.
al h.
The finest known example of 1798 NC-1 (Not collectable) has EF sharpness, but there is a scratch in the right field that is about the size of the Grand Canyon relative to the size of the coin. This coin is sharper than the nearest challenger by at least 25 points, but there’s this big scratch. Why can’t a coin like that be certified in a holder?
A few months ago a dealer had a 1795 half eagle in a qualified SEGS holder. The coin had AU sharpness, but it was polished. Why can’t one get such a coin certified as genuine?
I hope this answers the question as to why there is an NCS.
Their fees are reasonable from what I've read. Evaluation is 1 percent of the declared value, and conservation is another 2 percent of the declared value. If you go to their websight they have a whole gallery of before and after photos. They seem to do a good job of removing toning from Liberty nickels, I'm still debating whether or not to submit mine.
They also make it very clear that they will not doctor coins, such as fill holes, redo worn letters etc.
I'm not trying to sell them, just thought I would throw in my 2 cents since I received their kit today.
Dennis
Looking for PCGS AU58 Washington's, 32-63.
Looking for PCGS AU58 Washington's, 32-63.
My local dealer, he was a mom & pop type, wouldn't even lowball me. He would just flat out tell me he didn't want my junk. So off to ANACS & Teletrade it would go.
I did it strictly for the $$. That's the only reason I would ever send something to NCS. They kinda make junk "respectable."
While I am on NCS, there has been numerous posts in that they have been able to take an ungradeable coin and made them gradeable - I believe that this was in the area of environmentally damaged. They say that depending on the type of cleaning they might also be able to help out there.. Harsh cleaning, no way.
hope this helps...
Now that we have NCS and the average Joe Shmo can have HIS ungradable coins "curated" and possibly slabbed by one of the major services everything is just wonderful and curating is a GOOD thing!
Our friends in the elevator are now commenting on how nice the aroma is.
I think the change in people's attitudes about "curating" is due to the fact that they feel everyone is now being treated equally - the guys with millions of dollars worth of gold aren't the only ones who can get their coins curated now. It makes sense to me. Sure, there might be a bit of hypocrisy there too, but hopefully not too much.
Didnt only a few sell due to over-inflated pricing?
There was alot of hype about these coins at the time.
Would I prefer to own IHC's that weren't cleaned, of course, do I like the collection of the cleaned coins I own, some of them yes and a couple no. I call them my three-legged dogs. I still get a kick out of louping them, digitalizing them and looking at the details. They do exist, they are part of our hobby like it or not, at least in the long run the conservation of such coins may keep them around for a much longer time. Just some random thoughts on a Saturday morning.
Actually I believe that the hoard has been completely dispersed, or if not, nearly so. In saying this, I am not making any representations regarding whether the initial selling prices were attractive or not, merely that the coins were absorbed into the market place.