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New NGC holder = UGH!
coinpictures
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Just got an email from NGC touting their new holder... Egads: from bad to WORSE!
I had seen a picture of it in passing, but this was the first time I gave it full thought:
1. They kept the horrendous bright white insert rather than going with transparent (PCGS/ANACS) or translucent (NCS/ICG).
2. While the new 4-prong holder allows the edge to be seen, it actually OBSCURES up to a full 1/3 of the rim on both sides (on small coins). How in blazes are you supposed to tell if a coin has rim dings?
3. This is going to make accurate photography of coins in NGC holders impossible, as in order to get a truly circular image you will have to crop farther into the coins design. BLEAGH!
I hope to hell that this new holder is optional and not mandatory for all submissions going forward.
NGC = FAIL!
I had seen a picture of it in passing, but this was the first time I gave it full thought:
1. They kept the horrendous bright white insert rather than going with transparent (PCGS/ANACS) or translucent (NCS/ICG).
2. While the new 4-prong holder allows the edge to be seen, it actually OBSCURES up to a full 1/3 of the rim on both sides (on small coins). How in blazes are you supposed to tell if a coin has rim dings?
3. This is going to make accurate photography of coins in NGC holders impossible, as in order to get a truly circular image you will have to crop farther into the coins design. BLEAGH!
I hope to hell that this new holder is optional and not mandatory for all submissions going forward.
NGC = FAIL!
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While the new exterior and new label will be used for all submissions, the EdgeView® Holder, which enables viewing of a coin’s edge, will be used only for US Walkthrough and US Express tier submissions and all World tier submissions. At NGC’s discretion it will be used on additional grading tiers. The EdgeView® Holder is set for full-scale release for all service lines in the first quarter of 2009. In the interim, the standard NGC format holder interior will be used with high-security outer casing and label.
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Change is good!
<< <i>I think it's nice that you can see the edge. I saw a few at Long Beach. They look fine.
Change is good! >>
Our OCD selves can't handle change!
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I have already seen some coins in the new "Edgeview" holders and the holders themselves look good and not to mention, fresh. Personally I prefer the white inserts over clear ones, especially since NCS uses the clear inserts already. Despite the new inserts obscuring up to 1/3 of the edges that is still an improvement from the current inserts where 100% of the edges are obscured.
People from NGC have stated to me that the "edgeview" holders will not be used for all orders until next year because they still have a very large stock of the current inserts and they need to use those up first.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
............you mean this one?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I would imagine when they finally start using all the time that coins will finally be parallel to the holder. edgeview
The name is LEE!
Copper-nickel Ike
I don't like it.
I have never preferred the look of the white inserts - at best I tolerate them.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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I also mentioned to him that this does create a problem when you want to cut a coin out of the slab... he's passing along my comments to the powers and if they get enough complaints about particular issues, then they will try to adjust to address those issues as best they can...
42/92
Anything that makes me crop out the rim overall or tempts me to photoshop the rim in 4 places is very irritating.
I will take steps to avoid any coin in this sort of slab. If I end up buying a coin in this sort of slab, my first action will be to crack it out.
Say what you will, but while more of the EDGE is exposed with the new insert, much more of the RIM is also obscured where none was before.
IMO they should continue to offer both inserts and make it an option upon submission as to which insert is used for each coin. This new insert may be fine and dandy for many coin types and collectors, but I'm willing to bet that there are certain series/denominations that will now be going to other grading services...
1/2 Cents
U.S. Revenue Stamps
Those ugly protruding barbs that hold the coin in place, makes for an even uglier presentation of the coin.
It causes you to look at those spots of contact and open areas in between instead of being able to enjoy the coin.
Very unattractive indeed.
A meaningful improvement would make it more scratch resistant
<< <i>It always amazes me how most people involved in numismatics hate change and are happy with "how things were in the past". Progress is a good thing, and so is change for improvement.
I have already seen some coins in the new "Edgeview" holders and the holders themselves look good and not to mention, fresh. Personally I prefer the white inserts over clear ones, especially since NCS uses the clear inserts already. Despite the new inserts obscuring up to 1/3 of the edges that is still an improvement from the current inserts where 100% of the edges are obscured.
People from NGC have stated to me that the "edgeview" holders will not be used for all orders until next year because they still have a very large stock of the current inserts and they need to use those up first. >>
Well said. And perhaps this is an effort to combat the fake NGC holders produced in China.
No problemo here.
Herb
<< <i>If smaller coins still sit diagonal then any changes made are no good to me.
I would imagine when they finally start using all the time that coins will finally be parallel to the holder. edgeview >>
That's my absolute biggest pet peeve with TPG's. It literally takes 10 seconds time to properly put the coin in the gasket/insert! Yet I still see crap like this....
These things look like something QVC would be hawking
<< <i>
<< <i>If smaller coins still sit diagonal then any changes made are no good to me.
I would imagine when they finally start using all the time that coins will finally be parallel to the holder. edgeview >>
That's my absolute biggest pet peeve with TPG's. It literally takes 10 seconds time to properly put the coin in the gasket/insert! Yet I still see crap like this....
Those are quite valuable actually. A rotated die! I think Broadstruck knows alot about these errors!
How could they possibly put the coin in straight when it was stamped with a rotated die?!? Answer me that!
this move is all about FUTURE market share, something NGC seems to embrace. Face it, the slabbing of US coins has reached it's zenith, and the vast majority of US coins that "should" be in slabs, are already in slabs. what that leaves are the crack out artists that play the gradeflation game, as well as people slabbing bullion.
The new market in the coming years is far and away the overseas market. why do you think that Ron Guth is promoting PCGS at overseas coins shows like Berlin, and Mark Salzburg and Ken Krah have for years been frequently giving keynote addresses to coin shows and auctions the world over?
The HUGE majority of six and seven figure world coins are in NGC holders, not PCGS. the big complaint from the overseas hold outs to slabbing, has been centered around our Sheldon scale, and the inability to see the coin edge while in the holder. Foreign dealers and collectors put much more weight in grading the condition of the edge than we do, and they often won't buy a slabbed coin where they can't see the edge. The Sheldon scale they are warming up to, providing a view of the coin edge is seen as the last step to a marketing coup.
This move can be criticized by US coin collectors I understand, but it is mostly driven by their ability to further expand on their domination of world coins and seeing the big picture over the next 20 years instead of resting on their past accomplishments.
<< <i>Those ugly protruding barbs that hold the coin in place, makes for an even uglier presentation of the coin.
It causes you to look at those spots of contact and open areas in between instead of being able to enjoy the coin. >>
Exactly. Those prongs are incredibly distracting when viewing the coin.
My solution will be the same as adamlaneus -
<< <i>I will take steps to avoid any coin in this sort of slab. If I end up buying a coin in this sort of slab, my first action will be to crack it out. >>
Jay
-Randy Newman
As for the impossible to reproduce hologram, anything that can be mass-produced can be reproduced.
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