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NGC Parent CCg Acquired By Blackstone

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jimbucks's Avatar
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 Posted 01/16/2023  4:21 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message Number of Subscribers
Blackstone is a controversial organization. I will no longer do business with NGC.

https://www.ngccoin.com/news/article/11186/
Edited by jimbucks
01/16/2023 4:23 pm
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jbuck's Avatar
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westernsky's Avatar
United States
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 Posted 01/16/2023  7:09 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Amazing what enough money does to people
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westcoin's Avatar
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 Posted 01/16/2023  7:31 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I knew this was happening awhile back. But now with Dave Lange gone. (R.I.P.) I too am out, and will no longer use any NGC services, at least I can vote with my wallet no matter how small it may be. Not a Blackstone fan whatsoever. Doesn't mean I'm going to dump all my NGC graded coins (which I don't have all that many anyways) nor refrain from buying coins in their holders, but I will pledge never to use them for any new coins I may acquire or submit for grading or conservation services.
"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.

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Edited by westcoin
01/16/2023 7:32 pm
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Coinfrog's Avatar
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 Posted 01/16/2023  9:14 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Boycott NGC because it's owned by Blackstone? O c'mon.
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kanga's Avatar
United States
5825 Posts
 Posted 01/17/2023  10:38 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Like others, I only buy coins already slabbed by PCGS or NGC.
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jbuck's Avatar
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 Posted 01/17/2023  3:25 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Like others, I only buy coins already slabbed by PCGS or NGC.
Same. I doubt I will ever have the patience to send something in, nor do I have the need. I already have my (pre)graded Ike set completed. Well, except for one last piece.
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Portugal
655 Posts
 Posted 02/04/2023  6:57 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list Get a Link to this Reply
Is it normal to only buy US coins in slabs? Are fake coins are a serious problem with US coins?
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BStrauss3's Avatar
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 Posted 02/05/2023  09:27 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
No, it's not normal nor exclusive. There are plenty of people who buy raw (or crack out of slabs) to put coins in albums.

There are many Chinese fakes of valuable coins in the market, however. And once you have made the hub & dies for say an 1893S Morgan it's easy to expand your counterfeiting to other years.

If you want to play the registry "game", there are preferences for buying a single company's slabs - PCGS and NGC have both allowed and not allowed competitors' slabs at different times.

Thus it IS common to buy the key dates slabbed. And once you have a few slabs, some people find it easier to store them in boxes so that they buy everything slabbed.




There is a tendency to buy key dates slabbed for the authentication.
-----Burton
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Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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nss-52's Avatar
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 Posted 02/05/2023  09:56 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

Quote:
Like others, I only buy coins already slabbed by PCGS or NGC.


I'm unclear on what your stand is.

You'll buy them already slabbed, but not send any in to get slabbed?

Do you have something against Blackstone?

How will you know in the future if a coin in an NGC holder was slabbed before or after NGC was acquired? (aside from old style holders giving it away)
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Coinfrog's Avatar
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 Posted 02/05/2023  10:40 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Blackstone owns over 200 companies, including Hilton International, Motel 6, Wyndham Suites and La Quinta Inns. Do you ever travel?
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jbuck's Avatar
United States
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 Posted 02/06/2023  10:34 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You'll buy them already slabbed, but not send any in to get slabbed?
That is how I play. Let someone invest the time and money getting them graded, I will take my chances buying them already slabbed on the open market.

Quote:
Do you have something against Blackstone?
Me? I have no dog in that fight. The person you quoted (kanga)? No idea, they never said. The OP? Most definitely.

Quote:
Do you ever travel?
Not if I can help it!

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