Looks like NGC is taking the lead...

JL3Eleven · May 2, 2009 11:21AM

This looks like the next step in coin slabbing, So when is PCGS going to adopt this?

Linky

Rampage · May 2, 2009 11:24AM

So what does the article say for those of us who do not subscribe?

crazyhounddog · May 2, 2009 11:24AM

I love it ! Great move on their part!!

ziggy29 · May 2, 2009 11:25AM

Soon. I think it's a matter of survival for the slabbers. Now that the counterfeiters have started making very deceptive fakes and fairly deceptive slabs, it's not enough to know the coin is slabbed or even to know the cert numbers any more. Now we need to know what the genuine coin with that cert number looks like.

Failure to address that reduces the value of their product and consumer confidence in it.

JL3Eleven · May 2, 2009 11:27AM

It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE!

illini420 · May 2, 2009 11:28AM

can't read the article as I'm not a subscriber, but isn't this old news???

ziggy29 · May 2, 2009 11:28AM

<< So what does the article say for those of us who do not subscribe? >>

I don't subscribe to NN, but I can read it.

It says NGC is going to start displaying images whenever possible in a cert lookup so people can see what the genuine coin looked like when it was encapsulated by NGC. Now that the counterfeiters have caught on to mining valid cert numbers to put their fakes in, this is the next logical progression.

I really do think they should follow PCGS and make the cert lookup available to everyone. I think that would increase the marketability of their coins if people who weren't Collectors Society members could look something up as well.

ziggy29 · May 2, 2009 11:29AM

<< It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>

FREE to those who have PAID to join NGC's submitter club.

JL3Eleven · May 2, 2009 11:32AM

<< 

<< It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>

FREE to those who have PAID to join NGC's submitter club. >>

Its an additional $40 here and I believe all the coins in the order have to be imaged as well. (could be wrong)

HTubbs · May 2, 2009 11:35AM

old news...

ambro51 · May 2, 2009 11:37AM

My idea of an embedded RFID chip is sounding better all the time.

notwilight · May 2, 2009 11:40AM

Like I've said before. This is not a solution. It will help with newly slabbed coins but there are still literally millions of coins out there with no photo on file. --Jerry

airplanenut · May 2, 2009 11:46AM

<< Its an additional $40 here and I believe all the coins in the order have to be imaged as well. (could be wrong) >>

At PCGS, you get hi-res TrueViews... at NGC, you get a low-res shot of the slab for identification. The comparison of the photos you get at either service is apples and oranges.

PawPaul · May 2, 2009 11:55AM

..i do not want everyone to have a free look at a coin I payed to have graded and encapsulated ;

PCGS will never adopt this procedure as they are not stupid.

Doogy · May 2, 2009 12:36PM

<< 

<< Its an additional $40 here and I believe all the coins in the order have to be imaged as well. (could be wrong) >>

At PCGS, you get hi-res TrueViews... at NGC, you get a low-res shot of the slab for identification. The comparison of the photos you get at either service is apples and oranges. >>

you can't be seriuos? how can you compare the free images that NGC takes for identification of the real coin/slab from a possible counterfeit and doesn't add to the grading turnaround time, to the fact that PCGS still has their head in the sand on this; except of course for the overpriced $20 TrueView that slows down turnaround time and very few opt for.

A free collector friendly approach to the problem versus the same head in the same approach from the other service. hmmmm.......

Doogy · May 2, 2009 12:39PM

<< ..i do not want everyone to have a free look at a coin I payed to have graded and encapsulated ;

PCGS will never adopt this procedure as they are not stupid. >>

that is the worst logic i've heard in a long time on the subject.

PCGS will do it, the only question is when

GoldenEyeNumismatics · May 2, 2009 2:03PM

I like the concept.

lcoopie · May 2, 2009 2:31PM

I tried it on a recent purchase, it's in a newer slab but not the pronged ones,
and there was the picture
it was possible to identify the coin but it was
not a high quality picture I would use.

and you can be a free member to use the service

Raybo · May 2, 2009 2:55PM

<< This looks like the next step in coin slabbing, So when is PCGS going to adopt this?

Linky >>

I think it's a great idea!

RareSov · May 2, 2009 7:03PM

<< 

<< It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>

FREE to those who have PAID to join NGC's submitter club. >>

FREE to anyone

Don't have a Collectors Society account ? CREATE A FREE ONE

csanotes · May 2, 2009 7:31PM

I think the concept is a great idea and shows that they are treating the problem of counterfeit slabs etc. seriously and head on. However, like anything in the wonderful world of coins and shady characters who want to scheme others the counterfeiters and coin doctors will eventually and surely come up with more ways to beat the system. A never ending game of cat and mouse...sounds like fun to watch and read about...until your the one who gets scammed!

PerryHall · May 2, 2009 9:25PM

NGC copied this from DGS grading service owned by DLRC. PCGS will eventually follow as they won't have any choice.

leothelyon · May 3, 2009 12:29AM

Do you think anyone taking a million shots of their slabs is just a little bit off their rockers?
What's worse, we'll have 2 million collectors yakking it up, yep, that's my holder!

Leo

19Lyds · May 3, 2009 12:39AM

<< This looks like the next step in coin slabbing, So when is PCGS going to adopt this?

Linky >>

This does nothing for coins graded prior to October 2008 nor does it offer anything for the non-NGC Collectors Club Member.

And yes its a good idea but a very expensive idea.

tahoe98 · May 3, 2009 1:27AM

<< 

<< This looks like the next step in coin slabbing, So when is PCGS going to adopt this?

Linky >>

This does nothing for coins graded prior to October 2008 nor does it offer anything for the non-NGC Collectors Club Member.

And yes its a good idea but a very expensive idea.

.........yeah lee, but don't forget........this is the hobby of kings.

PawPaul · May 3, 2009 2:26AM

<< 

<< ..i do not want everyone to have a free look at a coin I payed to have graded and encapsulated ;

PCGS will never adopt this procedure as they are not stupid. >>

that is the worst logic i've heard in a long time on the subject.

PCGS will do it, the only question is when >>

doogie - i see now that your a fine feller ; but you seem to support NGC for some hideous reason .........

You see , NGC sucks the worst- in fact their suck-age is second to none .

Now , from that we can extrapolate that they are also extremely stupid-so consequently their suckedness leads us logically

to the fact that PCGS will not follow suit : because they are not stupid

greghansen · May 3, 2009 2:32AM

Clearly a step in the right direction.

I have to chuckle at those who object becaue it doesn't solve every problem under the sun.

C'mon...its better than what we had before the initiated the program. I hope all major TPG's follow suite immediately if not sooner!

PLE · May 3, 2009 2:50AM

After reading about this, I've decided to give NGC another try. It's a great idea.

TwoSides2aCoin · May 3, 2009 3:07AM

<< It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>

Cool. I like free pictures.

bestclser1 · May 3, 2009 3:45AM

Great move,i hope PCGS follows their lead.

WaterSport · May 3, 2009 3:50AM

OK, everyone send me your slabs. I will put a "Bought before Fake Slabs started" sticker on your slab for a buck a slab....

WS

BECOKA · May 3, 2009 3:50AM

PCGS really needs to follow their lead. They are so close by including TrueView images with cert info. Now they just need some kind of generic photo station for folks that don't pay for Trueview Images.

mozin · May 3, 2009 5:12AM

Why would anyone pay to join the NGC Collector's Society when they can submit through the ANA? I must admit, since NGC closed me out from seeing their POP reports, I have steered away from NGC coins just a little.

For what PCGS charges, they should be able to provide this security photo service free even for reholders. JMHO

Doogy · May 3, 2009 5:30AM

<< 

<< 

<< ..i do not want everyone to have a free look at a coin I payed to have graded and encapsulated ;

PCGS will never adopt this procedure as they are not stupid. >>

that is the worst logic i've heard in a long time on the subject.

PCGS will do it, the only question is when >>

doogie - i see now that your a fine feller ; but you seem to support NGC for some hideous reason .........

You see , NGC sucks the worst- in fact their suck-age is second to none .

Now , from that we can extrapolate that they are also extremely stupid-so consequently their suckedness leads us logically

to the fact that PCGS will not follow suit : because they are not stupid >>

PawPaul,

Your ignorance knows no boundaries, so let me fill you in.......

First, NGC not only holders more coins, but has the rarest coins in the world in their holders. While PCGS only enjoys a roughly 60/40 advantage over NGC on rare six figure and seven coins, NGC has virtually a complete monopoly on everything else; having over 90% of the six and seven figure coins in their holders. These are countries that I collect from, thus NGC is the logical choice for anything over say $5k, where PCGS has virtually little respect and little in their holders. At a time when US coin submissions are down 20% according to CU's own earnings conference calls, they have little diversification and respect outside of the niche of US coins.

Second, PCGS has been trying frantically to court the Chinese market for third party grading, sending their top brass over there, and even releasing a PCGS holder printed in Mandarin Chinese. Then, when the fake PCGS holder problem broke out, they left the major Chinese auction houses and dealers holding the bag and urged collector not to buy slabs from there. Hmmmm......a one way market huh, brillant! why not throw the baby out with the bath water?

Third, PCGS and it's sister company have been hemmorging money and stock price for quite a while now, and this has led to the CU sale of some of it's business units to avoid the collaspe of the company.

So, in light of the fact they lag far behind NGC in most everything but a percentage of US coins, abandon markets they dump money and time into, and the mass exodus of shareholders away from their stock, they NEED to look like they are doing something to remain a viable company with future looking plans in the face of counterfeiting.

So far, they have shown little leadership aside from a 'head in the sand' approach.

airplanenut · May 3, 2009 5:35AM

<< 

<< 

<< Its an additional $40 here and I believe all the coins in the order have to be imaged as well. (could be wrong) >>

At PCGS, you get hi-res TrueViews... at NGC, you get a low-res shot of the slab for identification. The comparison of the photos you get at either service is apples and oranges. >>

you can't be seriuos? how can you compare the free images that NGC takes for identification of the real coin/slab from a possible counterfeit and doesn't add to the grading turnaround time, to the fact that PCGS still has their head in the sand on this; except of course for the overpriced $20 TrueView that slows down turnaround time and very few opt for.

A free collector friendly approach to the problem versus the same head in the same approach from the other service. hmmmm....... >>

I didn't say that NGC's idea was bad--I like it. I do think the idea that you can compare the free NGC pictures to the PCGS TrueViews is ridiculous. They serve different purposes, and that's obvious. The pictures NGC takes are good for ID'ing your coin; the TrueViews are good for selling the coin.

Doogy · May 3, 2009 5:39AM

<< 

<< 

<< 

<< Its an additional $40 here and I believe all the coins in the order have to be imaged as well. (could be wrong) >>

At PCGS, you get hi-res TrueViews... at NGC, you get a low-res shot of the slab for identification. The comparison of the photos you get at either service is apples and oranges. >>

you can't be seriuos? how can you compare the free images that NGC takes for identification of the real coin/slab from a possible counterfeit and doesn't add to the grading turnaround time, to the fact that PCGS still has their head in the sand on this; except of course for the overpriced $20 TrueView that slows down turnaround time and very few opt for.

A free collector friendly approach to the problem versus the same head in the same approach from the other service. hmmmm....... >>

I didn't say that NGC's idea was bad--I like it. I do think the idea that you can compare the free NGC pictures to the PCGS TrueViews is ridiculous. They serve different purposes, and that's obvious. The pictures NGC takes are good for ID'ing your coin; the TrueViews are good for selling the coin. >>

I'll agree with you there!

DIMEMAN · May 3, 2009 5:58AM

Doggie - Sounds like you put NGC over PCGS, so you loose ALL your credibility right there. PCGS is the best and I would put anacs above NGC. They sucked before and now they even have the suckiest slabs!!!!!

Doogy · May 3, 2009 6:03AM

<< Doggie - Sounds like you put NGC over PCGS, so you loose ALL your credibility right there. PCGS is the best and I would put anacs above NGC. They sucked before and now they even have the suckiest slabs!!!!! >>

it is not that I put them above them, but the market does in many instances. PCGS is well respected with US coins, but is well behind NGC in respectability in everything else according to auction results and what coins are in each respective company's holders. Go back and read again what i wrote Dimeman, before you say that I "loose" anything.

PawPaul · May 3, 2009 6:04AM

<< Doggie - Sounds like you put NGC over PCGS, so you loose ALL your credibility right there. PCGS is the best and I would put anacs above NGC. They sucked before and now they even have the suckiest slabs!!!!! >>

Doogy · May 3, 2009 6:08AM

<< 

<< Doggie - Sounds like you put NGC over PCGS, so you loose ALL your credibility right there. PCGS is the best and I would put anacs above NGC. They sucked before and now they even have the suckiest slabs!!!!! >>

>>

Paul,

You should really put your money where your mouth is, and buy some CLCT stock. You do realize it has tanked, and supporting the company by posting on a forum that is read by less than 1% of the coin collecting public, is doing them no good. If you truly believe they can do no wrong, invest in them!

notwilight · May 3, 2009 6:13AM

<< 

<< It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>

Cool. I like free pictures. >>

Right click on them and you get a "This photo is copyrighted by NGC. Contact us for permission to use this photo." The photo pretty much sucks anyway. --Jerry

leothelyon · May 3, 2009 6:16AM

<< After reading about this, I've decided to give NGC another try. It's a great idea. >>

Be sure you check their pops so you'll have a viable reason for sending money their way.

Leo

DIMEMAN · May 3, 2009 6:17AM

Doggie - I hate to break the news to ya, but ALL stock has tanked. I'm just talking about grading. I find it hard to believe NGC is so good at grading the world coins or whatever you are talking about and can't grade US coins for crap! Sure you can find some nice coins in NGC holders, but most are pukie coins that can't get into a PCGS holder.

TwoSides2aCoin · May 3, 2009 6:18AM

Buy coins
Invest in Plastic
Sell Hype
Look at pictures.

DIMEMAN · May 3, 2009 6:21AM

Twosides - What is your point?

TwoSides2aCoin · May 3, 2009 6:28AM

Dimeman,
I buy coins, then submit them to PCGS. Then I put them on ebay and sell them. Then I look at my bank account to make sure it has more than when I started .

It's fundamental what my point is.

DIMEMAN · May 3, 2009 6:31AM

Twosides,

Looks like your point is that coins are worth more in PCGS holders than raw or in other slabs. With that, I totally agree.

TwoSides2aCoin · May 3, 2009 6:43AM

Dimeman, if I didn't believe in the product, I would not suggest it to Warren Buffet. And if his people would get hold of my people, he might learn a thing or two about coins.

TwoSides2aCoin · May 3, 2009 6:46AM

+ 1 "t"

PawPaul · May 3, 2009 6:49AM

Sure you can find some nice coins in NGC holders, but most are pukie coins that can't get into a PCGS holder.

i could not have said it better myself !

PawPaul · May 3, 2009 6:55AM

<< 

<< 

<< Doggie - Sounds like you put NGC over PCGS, so you loose ALL your credibility right there. PCGS is the best and I would put anacs above NGC. They sucked before and now they even have the suckiest slabs!!!!! >>

>>

Paul,

You should really put your money where your mouth is, and buy some CLCT stock. You do realize it has tanked, and supporting the company by posting on a forum that is read by less than 1% of the coin collecting public, is doing them no good. If you truly believe they can do no wrong, invest in them! >>

you got me there Doggie - i would not invest a penny in PCGS stock ; but they are the premiere Grading Service by far , and the only collectors/dealers that count are on these boards.......

The other 99% are singing " how much is that doggie in the window......." or " oh , look what doggie did on our new carpet - bad doggie....bad "

Looks like NGC is taking the lead...

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The more qualities observed in a coin, the more desirable that coin becomes!

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The more qualities observed in a coin, the more desirable that coin becomes!

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