NGC Registry Transfer Requested

kuwegg57 · July 25, 2020 5:47AM

I received this email.

"NGC Registry user Maxum tried to add NGC # 342853-004 to their inventory, but failed because it is currently registered to you.

Here are the coin details:
Coin: NGC # 342853-004
Description: 1957 1C
Grade: PF 67 RD CAMEO

Please choose one of the following options:
Accept Transfer

Reject Transfer

Note: This coin will be automatically transferred to Maxum and removed from your competitive sets in 3 days if you take no action."

Whats up? I don't own this coin

MFeld · July 25, 2020 5:57AM

Did you ever own it? Either way, it sure seems like it would make more sense to post on the NGC forum and check with NGC, than to start a thread about it, here.

lkeigwin · July 25, 2020 7:05AM

If you do or say nothing the coin will be transferred. Or you can "accept transfer" now to ease the frustration of the new owner trying to add it to his registry.

Either way the new owner is going to be assigned the coin.

If you contact NGC to say WTF?, and they miraculously act before 3 days is up, they will probably just shrug their shoulders and release it.
Lance.

kuwegg57 · July 25, 2020 7:25AM

@MFeld said:
Did you ever own it? Either way, it sure seems like it would make more sense to post on the NGC forum and check with NGC, than to start a thread about it, here.

@MFeld said:
Did you ever own it? Either way, it sure seems like it would make more sense to post on the NGC forum and check with NGC, than to start a thread about it, here.

I never owned this coin. I've contacted NGC by email. And is this a PCGS exclusive forum?

kuwegg57 · July 25, 2020 7:28AM

@lkeigwin said:
If you do or say nothing the coin will be transferred. Or you can "accept transfer" now to ease the frustration of the new owner trying to add it to his registry.

Either way the new owner is going to be assigned the coin.

If you contact NGC to say WTF?, and they miraculously act before 3 days is up, they will probably just shrug their shoulders and release it.
Lance.

I never owned or seen this coin. I was concerned that my account has been hacked. And yes I've contacted NGC.

lkeigwin · July 25, 2020 7:36AM

I get that you don't own the coin. NGC has it mistakenly assigned to you. Another collector now owns it and wants to put it in his registry set. So why not just release it?

I don't see any hacking issue.

As I said, NGC will "fix" this by removing it from you and assigning it to the new owner. Alternatively you can accept the transfer now so the new owner doesn't have to wait any more.
Lance.

coinbuf · July 25, 2020 8:47AM

I completely agree with Lance, if you don't own the coin release it so the new owner is not left hanging for the three days. I would also suggest that you check your inventory there to see if it is correct and contact NGC on any discrepancies.

android01 · July 25, 2020 11:09AM

A couple weeks ago, I had an experience where I was notified by PCGS that someone was trying to add a coin that's registered to me to their registry set. The coin is in my inventory, and I have no intent to sell it. PCGS said they would deny the request.

winesteven · July 25, 2020 7:04PM

@android01 said:
A couple weeks ago, I had an experience where I was notified by PCGS that someone was trying to add a coin that's registered to me to their registry set. The coin is in my inventory, and I have no intent to sell it. PCGS said they would deny the request.

Chances are someone accidentally typed in the cert number of your coin as they were trying to add their own new coin to their inventory. I’m sure this happens periodically.

derryb · July 25, 2020 7:19PM

so someone can transfer coins into their registry if the registered owner does not reply withing days? WTF

winesteven · July 25, 2020 7:53PM

@derryb said:
so someone can transfer coins into their registry if the registered owner does not reply within 3 days? WTF

But the person making the request then has to upload photos of the slab, obverse and reverse, at the end of that three business day period for PCGS to make the switch. Plus, according to new PCGS policy, the photos can’t just be photos from the auction house, but now must be what I call “Ransom Style Photos”, like having a current dated newspaper in the photo with the slab!

android01 · July 25, 2020 9:30PM

@winesteven said:

@android01 said:
A couple weeks ago, I had an experience where I was notified by PCGS that someone was trying to add a coin that's registered to me to their registry set. The coin is in my inventory, and I have no intent to sell it. PCGS said they would deny the request.

Chances are someone accidentally typed in the cert number of your coin as they were trying to add their own new coin to their inventory. I’m sure this happens periodically.

That makes sense. I didn't think about it that way.

MedalCollector · July 26, 2020 10:00AM

@android01 said:

@winesteven said:

@android01 said:
A couple weeks ago, I had an experience where I was notified by PCGS that someone was trying to add a coin that's registered to me to their registry set. The coin is in my inventory, and I have no intent to sell it. PCGS said they would deny the request.

Chances are someone accidentally typed in the cert number of your coin as they were trying to add their own new coin to their inventory. I’m sure this happens periodically.

That makes sense. I didn't think about it that way.

That would be a good case for denying the transfer request. If it was typed in error, it will only cause additional work for all involved to get it corrected.

pointfivezero · July 26, 2020 11:45AM

I've been on both ends of these NGC messages but both were legit transactions. I generally wait until my sold coins are delivered before removing from my Registry but in this case, the new owner tried to add it while it was still in transit (at least according to the USPS website):

NGC Registry Transfer Requested

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