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How is National Numismatic Certification as a grading company?

nandananda Posts: 247
in U.S. Coin Forum
How is National Numismatic Certification as a grading company?
-Nanda

Comments

  • PlacidPlacid Posts: 11,299 ✭✭✭
    image
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    They consistently overgrade 2 to 3 points.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • krankykranky Posts: 8,709 ✭✭✭
    The general consensus is that they are much looser than PCGS/NGC.

    Always keep in mind that grading companies may establish their own criteria. There's no rule which says they all must grade to the same standards. Also be aware of the terms of the grading service's guarantee. Some only offer to refund the grading fee if a coin they grade turns out to be counterfeit or altered, which would really offer no protection at all.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • BECOKABECOKA Posts: 16,961 ✭✭✭
    The owner is great at grading when buying he knows exactly what he's getting.

    When slabbing they add 2-3 points consistently. Why? who knows.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Terms and Conditions
    TIMING. National Numismatic Certification, LLC. (NNC) will use reasonable efforts to grade coins in a prompt manner. However, NNC will have no liability whatsoever to the customer for any damages due to NNC's failure to grade any coin within any time frame.


    LIMITATIONS ON GRADING SERVICES. National Numismatic Certification, LLC. will not issue a grade for any coins of questionable authenticity. Problem coins will be graded if the problem is not too severe and the problem can be easily described, i.e. "MS-63 cleaned", "MS-62 scratch obverse (or reverse)" etc. For multiple problem coins, only the most obvious problem will be identified on the labeling of the coin. The customer understands that in such an event National Numismatic Certification, LLC. will not refund any fee paid for the grading service. We will not, however, grade a coin which has been "whizzed" or "scratched and repaired", those coins will be returned ungraded and unslabbed to the customer and the grading fee, minus return shipping fees, for a coin so identified will be refunded.


    SUBJECTIVITY OF GRADING. Limitation of Liability for Grading. All parties understand and agree that the professional opinion required in grading coins involves NNC's subjective judgement. Consequently, NNC makes no warranty or representation and shall have no liability whatsoever to the customer for the grade assigned by NNC to any coin.




    COIN LIQUIDITY. National Numismatic Certification, LLC. is an independent third-party service which does not buy or sell coins, nor does NNC appraise coins in terms of monetary value. National Numismatic Certification, LLC. cannot guarantee the liquidity of any coin graded by NNC. NNC certification of a particular coin cannot provide protection from the risks inherent in any market for such coins, if such a market exists.


    LIMITATION OF LIABILITY FOR COIN DAMAGE. All parties agree that (a) NNC's liability for coins lost or damaged will be limited to (I) damages caused by National Numismatic Certification incurred while the coin is actually in the physical possession of National Numismatic Certification, LLC., (specifically excluding any damage incurred by shipping) and (II) the amount of damages will be limited to the true value of the coin and not based upon any insured value; and (b) NNC shall have no liability whatsoever to any party or person for any damages or injuries resulting from removing the coin from the NNC holder (c) National Numismatic Certification assumes no liability, express or implied, for coins sealed by NNC that are mishandled or treated by the owner in a manner that results in damage to the capsule, e.g., exposure to chemicals, chemical solvents, cleaning compounds, submersion of the capsule in liquids or solvents, exposure to extreme prolonged heat, pounding, prying, or breaking of the capsule, etc.


    INSPECTION. The customer agrees to inspect all coins immediately upon receipt and report any damage or discrepancy to National Numismatic Certification, LLC. within five (5) business days of customer's receipt of coins. Failure to properly inspect, identify and report the discrepancy or error to NNC within 5 days of customer receipt of the coin will make the customer/submitter financially liable for any and all losses and/or claims caused by the circulation or sale of the mismarked or inappropriately identified coin.


    SHIPPING. The Parties agree that all coins being sent to NNC must be packaged and shipped in strict compliance with NNC's packaging and shipping instructions.


    EXCLUSION AND LIMITATION OF WARRANTIES, EXCEPT AS OTHERWISE EXPRESSLY SET FORTH HEREIN, NNC DISCLAIMS (a) ALL WARRANTIES, STATUTORY OR OTHERWISE, EXPRESS OR IMPLIED, (b) ALL OTHER REPRESENTATIONS MADE BY THE UNDERSIGNED AND (c) ALL OTHER OBLIGATIONS OR LIABILITIES WITH RESPECT TO ITS GRADING SERVICE. IMPLIED WARRANTIES OF MERCHANTABLITY AND FITNESS ARE EXPRESSLY EXCLUDED AND DISCLAIMED. THERE ARE NO WARRANTIES WHICH EXTEND BEYOND THE FACE HEREOF.


    There are no representations, statements, warranties or agreements except as expressly set forth herein. The parties agree that this the NNC Coin Submission Form embodies the entire understanding of the parties, and there are no further or other agreements or understandings, written or oral, in effect between the parties relating to this subject matter unless expressly referred to in this the NNC Coin Submission Form.


    Link
    imageQuid pro quo. Yes or no?
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • seanqseanq Posts: 8,715 ✭✭✭✭✭
    I've purchased a couple of NNC coins; one a few years ago, an AU-55 Stone Mountain commem which was artificially toned. The other was within the last three months, a seated dime also graded AU-55 which was in reality a very nice original CircCam™ XF. My advice to you would be to treat any coin in an NNC holder as raw and buy the coin, not the grade on the insert.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Dare I say it?????? BUY THE COIN, NOT THE PLASTIC!!!!! image Cheers, RickO
  • BBNBBN Posts: 3,761 ✭✭✭
    They dethroned ACG

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • UtahCoinUtahCoin Posts: 5,365 ✭✭✭✭✭
    Be careful what you say. Litigious ears are listening.... (probably)
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • jimmymacjimmymac Posts: 505 ✭
    from my experiences - not good - very soft in their grading - a slider is usually graded MS63-64 - but then again, grading coins is subjective and open to opinions - just be careful when using them.
    currently putting together a EF/AU/BU 18th & 19th Century Type Set; and CC Morgan Set

    just completed 3d tour to Iraq and retired after 28+ years in the US Army
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>How is National Numismatic Certification as a grading company? >>



    I view NNC coins as worse than raw, and their grading practices as bordering on fraudulent.
    Collector of Large Cents, US Type, and modern pocket change.
  • BBNBBN Posts: 3,761 ✭✭✭
    I've seen alot in MS66 slabs that have no business being anything more than MS63. That's in Buffalos at least and some of them in MS63 slabs are really AUs. While I have bought coins in NNC slabs I bought it as if it were raw. If the price went higher than I liked I just looked elsewhere.

    Here's one. What's this INB grading? Is it another Coin World slab slabber? I see these sold in lots on ebay and other plaes and it's mostly just modern widgets

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭


    << <i>How is National Numismatic Certification as a grading company? >>





    image

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • BBNBBN Posts: 3,761 ✭✭✭
    LOL, wow I didn't know there were this many TPGers around: link

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set

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