NGC Sold To An Investment Firm - Page 2

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Author	Replies: 25 / Views: 3,611	Page: of 2

JimmyD Bedrock of the Community Canada 21616 Posts	Posted 07/02/2021 1:55 pm Go on the NGC forum. There is a letter from Mark Salzburg and Blackstone already have their name on the heading. Report this Post to the Staff
fortcollins Pillar of the Community United States 3657 Posts	Posted 07/02/2021 7:55 pm Pure speculation follows. Don't miss the list of other participants in the buyout. The list includes several prominent sports owners, sports collectibles companies, and agents for athletes and music industry personnel. IMHO, part of this deal is expanding NGC's presence in the broader collectibles market. As long as it doesn't dilute the quality of its coin grading services, that may not be a bad thing. This may also be a step toward taking the resulting company public. Thoughts? Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/02/2021 9:11 pm The new owners could end up trying to expand the business against their competitors. Let's hope that doesn't lead to more pressure being placed on the graders who actually do the work, to come up with a tendency for more 'favorable' grades, and thus have a larger volume of 'happier' customers. Diluting the quality of their work will also dilute the reputation of NGC. That is what happened to Mercedes-Benz. I know: I have been around this brand for about 30 years. Report this Post to the Staff
westcoin Pillar of the Community United States 9792 Posts	Posted 07/03/2021 08:55 am I sincerely hope the ANA dumps them the grading company of choice with this announcement. I'm not too hopeful on that either. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
GrapeCollects Pillar of the Community United States 8938 Posts	Posted 07/03/2021 1:18 pm Quote: I'm not aware of anything controversial about them. Basically, they're buying up low price affordable housing and trying to buy up entire neighborhoods and then turn around in rent those properties back to people in an effort to create a renting class in inner cities and high demand areas. This comment on NGC's Press Release on their Instagram sums up my thoughts nicely. Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19176 Posts	Posted 07/03/2021 1:23 pm Think non-fungible as one of the end goals. Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 07/03/2021 1:34 pm Quote: Basically, they're buying up low price affordable housing and trying to buy up entire neighborhoods and then turn around in rent those properties back to people in an effort to create a renting class in inner cities and high demand areas. This is called block-busting and is illegal. I see no analogy. Report this Post to the Staff
GrapeCollects Pillar of the Community United States 8938 Posts	Posted 07/03/2021 1:58 pm Quote: This is called block-busting and is illegal. That would be my point. Quote: I see no analogy Buying up houses at high prices and forcing people to rent. Making prices of slabbed coins unaffordable and forcing people to rent the coins instead. The guy was making a sarcastic joke. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/03/2021 11:53 pm Taking together all of the above posts I feel that any owner of a grading company that has no passion for numismatics, and instead is only motivated to make a profit in not the owner of a grading company that collectors should send their coins to. That is not the reason for which NGC was originally set up. Sadly, I suspect that NGC will now slowly fade away from the numismatic scene. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5395 Posts	Posted 07/05/2021 11:07 pm I know one thing , NGC turn around times are Very lengthy and they are crying for graders ! Report this Post to the Staff
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