Did He Crack This One Out? $10 Gold Eagle - Page 3

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Author	Replies: 37 / Views: 4,931	Page: of 3

jwitten Valued Member United States 152 Posts	Posted 02/11/2016 11:48 pm NCS is a part of NGC. So basically, it was a NGC problem coin. Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 02/12/2016 12:01 am The original seller attempted to see if NGC could conserve the coin with the damage to the reverse. NCS was not able to completely repair it, and so it earned an Unc Details designator. To follow: Known scam artist / basement slabber takes Unc Details gold coin, puts it in one of his basement slabs as "MS63+" and ends up suckering someone into paying way too much; that buyer then cracks the coin out of the "NNC" basement slab, and sends it to an actual TPG, who inform him of the damage/details grade...and he has to sell it at a large loss. I'm no lawyer, but I bet that since grading is subjective, I don't think he has any liability for pulling his scam on hundreds of victims a month. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
one_fine_dime Pillar of the Community United States 591 Posts	Posted 02/12/2016 12:02 am That helps. Why does NGC have another arm? What's that all about? Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 02/12/2016 12:04 am NGC offers conservation services to attempt to restore damaged coins. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
Cascade Pillar of the Community United States 7390 Posts	Posted 02/12/2016 12:12 am Had anyone messaged LegalEagle with a link to this thread yet? Report this Post to the Staff
Susuman Pillar of the Community United States 595 Posts	Posted 02/12/2016 12:15 am I have been seriously thinking about it. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4596 Posts	Posted 02/12/2016 09:41 am Quote: Why does NGC have another arm? What's that all about? Numismatic Conservation Services (NCS, http://www.ncscoin.com/) is owned by Certified Collectables Group http://www.collectiblesgroup.com/) as is NGC. They also own CGC and it's conservation company CCS for comic books. And PMG for paper money. There is close cooperation between the conservation service and the grading service, in fact right now NCS is the 2nd from the left link on the NGC home page (https://www.NGCcoin.com/). And there is an entire conservation section on the NGC website, it does not link back to ncscoin.com. NCS coins used to be holdered in an NCS holder, at some point they began transferring the conserved coins to NGC for NGC holder (both clean - if the conservation is successful - and details). Depending on which service(s) you choose, the NGC grading is extra or included (https://www.NGCcoin.com/ncs-conservation/): Quote: The following fees are for direct submissions to NCS Headquarters. NCS offers three simple conservation tiers: 1. Standard Conservation #9702;5% of Fair Market Value (FMV) ($25 minimum) #9702;NGC grading fees and services are additional #9702;If NCS believes that conservation will not benefit a coin submitted under the Standard Conservation tier, it will be transferred to NGC for grading and only the NGC grading fees will apply. 2. Modern #9702;$50 flat fee #9702;Includes NCS conservation and NGC grading #9702;Raw coins struck 1970-date only #9702;Excludes coins requiring an NGC Oversize Holder #9702;5-coin minimum, $2,000 maximum value each 3. Modern Value #9702;$28 flat fee #9702;Includes NCS conservation and NGC grading #9702;Raw coins struck 1970-date only #9702;Excludes coins requiring an NGC Oversize Holder #9702;5-coin minimum, $300 maximum value each -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
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