Paper Money Guaranty LLC (new NGC division)

wayneherndon

Just read in CW that NGC's parent is forming a new currency grading service. This sounds like a very positive development in the currency arena.

WH

JadeRareCoin

That's not a bad idea.

UncleWiggly

It can't hurt. However, one of the reasons I like currency more than coins now and moving my collection interest there, is that the graded craze isn't as strong yet in currency.

Bustman

What took them so long? Seems like a no brainer. I use to dable in currency, and I always wondered why PCGS and NGC had not ventured into grading currency.

dorkkarl

grading of paper is much less subjective than coins, imo. a crisp-unc is a crisp-unc is a crisp-unc. there's not brownies points for rainbow toning or dmpl, or full-split-nostril hairs, or any of the other baloney that's been dumped on coin collectors by plastic co's. also, since serial #'s can easily be traced, provenance and "grading consistency" is not an issue.

i question the necessity of such a service.

K S

flaminio

<< <i>grading of paper is much less subjective than coins, imo. a crisp-unc is a crisp-unc is a crisp-unc. >>

Yeah, and a MS65 is an MS65 is an MS65. I can envision all sorts of degrees of grading possible. (Not that that's a good thing, mind you.)



<< <i>i question the necessity of such a service. >>

You question the necessity of all such services. Why should this one be any different?

Anyways, such a move by NGC is unsurprising. Next up would be postage stamps, I would guess. CU has owned this (admittedly small) market for a long time; I gotta think NGC would be gunning for them soon.

Coinhusker1

The will probably have at least 10 CU grades, comparable to MS. For example, CU-60 could be poorly centered, dull looking, etc. whereas CU-69 could be perfectly centered, wide margins, fresh ink, etc, kinda like "superb" for (gasp!) stamps!

Russ

<< <i>CU has owned this (admittedly small) market for a long time; I gotta think NGC would be gunning for them soon. >>



I really can't see NGC getting in to stamp grading. It's a money loser for PCGS. The division grades fewer stamps in a year than they grade coins each month.

Russ, NCNE

JadeRareCoin

Next up would be postage stamps, I would guess.

I heard that David Hall had his eye on the Beanie Baby slabbing market. It is wide open at this time.

dthigpen

<< <i>Next up would be postage stamps, I would guess.

I heard that David Hall had his eye on the Beanie Baby slabbing market. It is wide open at this time. >>



There are actually quite a few Beanie Baby authentication services on the market today, some of which actually 'seal' the Beanie Babies with the authentication certificates (Don't ask me how I know this, I don't collect them).

JadeRareCoin

There are actually quite a few Beanie Baby authentication services on the market today, some of which actually 'seal' the Beanie Babies with the authentication certificates (Don't ask me how I know this, I don't collect them).

Oh. I was just joking.

BTW dthigpen, do you collect holed Beanie Babies? Not the ones that are holed intentionally, but the true, contemporarily holed Beanie Babies. They are rare.

PS - sorry for the hijacked thread Wayne!

dthigpen

<< <i>There are actually quite a few Beanie Baby authentication services on the market today, some of which actually 'seal' the Beanie Babies with the authentication certificates (Don't ask me how I know this, I don't collect them).

Oh. I was just joking.

BTW dthigpen, do you collect holed Beanie Babies? Not the ones that are holed intentionally, but the true, contemporarily holed Beanie Babies. They are rare. >>



I was too, and only ones naturally holed by small children

AValde

Dead Celebrity Pets Guarantee Corp.... where they stuff em and seal em.

topstuf

I just hope the notes don't turn in the holder.

dorkkarl

<< <i><< i question the necessity of such a service. >> You question the necessity of all such services. Why should this one be any different? >>

simple, it's absurd to "certify" the "grade" of something that has a SERIAL NUMBER integral to it.

K S