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NGC Changing Its Name

 
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Author Previous TopicReplies: 8 / Views: 420Next Topic  
Pillar of the Community
United States
4177 Posts
 Posted 09/16/2021  07:55 am Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message
I presume they have dissolved the corporation for unknown reasons. Sometimes corporations do this when they go BK or are subject to lawsuit(s).
https://www.NGCcoin.com/news/articl...nty-company/

Whoever wrote this release doesn't appear to be too bright. "There is no difference between coins encapsulated with holders and labels bearing Numismatic Guaranty Company or Numismatic Guaranty Company."
Edited by jimbucks
09/16/2021 08:02 am
Pillar of the Community
United States
5560 Posts
 Posted 09/16/2021  09:22 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Currently on their website:

"There is no difference between coins encapsulated with holders and labels bearing Numismatic Guaranty Corporation or Numismatic Guaranty Company."

My emphasis added.
Pillar of the Community
United States
4177 Posts
 Posted 09/16/2021  11:59 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
They should send me some appreciation for pointing out their goof. But, of course, they wont.
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2391 Posts
 Posted 09/16/2021  2:17 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
They may just be switching from a corporation to an LLC.
Pillar of the Community
United States
998 Posts
 Posted 09/16/2021  3:22 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
Lawyers flexing their importance here it seems. Headaches for a lot of people during the transition and answering ongoing confusion.

That money could have been used to improve their grading ops, but alas, a lawyer feels satisfied. Don't want to downplay the importance of this.
My hoard of '82s is up to 204! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 57, 1882 x 49, 1982 x 33
Pillar of the Community
United States
5560 Posts
 Posted 09/16/2021  3:45 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Free enterprise, it seems. Wonder how the nation north of Seoul would govern the naming of collectible grading services.
New Member
United States
27 Posts
 Posted 09/16/2021  7:52 pm  Show Profile   Bookmark this reply Add OldSilverDollar to your friends list Get a Link to this Reply
A sign of things to come maybe? hopefully they start offering more safety features and a better photos grade online?
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3553 Posts
 Posted 09/17/2021  11:05 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Meaningless corporate shell game.

Either way they are a wholely owned subsidiary of Certified Collectables Group (https://www.collectiblesgroup.com/)

http://search.sunbiz.org/Inquiry/Co...earch/ByName

On 6/28/2021 they were merged into " NGC Reorg Sub LLC"
http://search.sunbiz.org/Inquiry/Co...P01000118256

NGC Reorg Sub LLC was created on 6/22/2021 and inactivated on 6/29/2021.
http://search.sunbiz.org/Inquiry/Co...L21000309255

The inactivation was filed by "NEW NGC, INC." (be aware there was an NEW NGC, INC. the successor to National Gypsum registered as a foreign corporation - North Carolina - up to 2/4/2021.

Our New NGC, INC. was created on 6/17/2021

http://search.sunbiz.org/Inquiry/Co...r=NEWNGC%20P210000578000&aggregateId=domp-p21000057800-15bad78f-90c4-4274-96c7-40f463e1c5e6&searchTerm=New%20NGC&listNameOrder=NEWNGC%20F930000025440

If I had to guess, merging them into an LLC and then out of the LLC into a new corporation washed away some existing corporate liabilities. But their web site explicitly says the guarantee continues (snap a .pdf copy for your records).
-----Burton
47 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, OnLinw Coin Club
Owned by four cats and a wife of 37 years (joined 1983)
New Member
United States
11 Posts
 Posted 09/30/2021  07:28 am  Show Profile   Bookmark this reply Add leftcoastcoins to your friends list Get a Link to this Reply
Seems they should invest the money wasted on upgrading their website and submission process.
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