Paper Money Guaranty LLC (new NGC division)

wayneherndon · December 18, 2004 1:18AM

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 · December 18, 2004 1:19AM

That's not a bad idea.

UncleWiggly · December 18, 2004 7:35AM

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 · December 18, 2004 8:01AM

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 · December 21, 2004 1:22AM

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 · December 21, 2004 1:27AM

<< 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 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 · December 21, 2004 1:38AM

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 · December 21, 2004 1:40AM

<< 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 · December 21, 2004 1:42AM

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 · December 21, 2004 1:45AM

<< 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 · December 21, 2004 2:07AM

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 · December 21, 2004 2:08AM

<< 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 · December 21, 2004 2:10AM

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

topstuf · December 21, 2004 2:23AM

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

dorkkarl · December 22, 2004 5:54AM

<< <> 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

Paper Money Guaranty LLC (new NGC division)

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