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NGC Announces Largest Database Of Coin Images In Existence

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CCFPress's Avatar
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 Posted 01/18/2011  10:22 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
The following is a press release from NGC

NGC Announces Largest Database of Coin Images in Existence Available Online For Verification
Posted on 1/18/2011

NGC's online security image archive now includes 3,000,000 coins.

Numismatic Guaranty Corporation (NGC) has announced that their online security image archive now includes 3,000,000 coins -- the largest database of NGC- certified coins in existence anywhere. Since October 2008 NGC has been capturing digital photographs of every coin that it certifies and then storing them in an internet-accessible database. By maintaining a secure and proprietary database of coin images and making it available to the public, prospective buyers are able to verify the authenticity of an NGC-certified coin prior to purchase. This imaging process coupled with a sonically sealed coin holder that includes watermarks, micro-printing and fused holograms are an aggressive step against counterfeit and altered holders.

Security imaging is provided at no additional fee to the coin submitter and does not increase the processing time required for NGC services. The digital imaging of both the obverse and reverse of each coin is fully integrated into the NGC certification process. Images are available as a free resource using NGC certification numbers on the home page of the NGC website (NGCcoin.com) and can also be accessed on internet-enabled phones or mobile devices.

NGC CEO Steve Eichenbaum comments, "This database is a secure warehouse of coin images that protects buyers of certified coins against tampering and counterfeits. Only NGC offers this and we believe the database has proven an effective deterrent measure against counterfeiting."

The image database custom archiving solution was developed by Massachusetts firm Image Fortress who partnered with NGC to create a unique integrated file authentication process which seals every digital file to prevent file tampering. This process makes it impossible for anyone to alter the image of a coin in the NGC photo archive without immediate detection.
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SsuperDdave's Avatar
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 Posted 01/18/2011  12:44 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Well, talk about deflating my balloon...three million images?
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KenKat's Avatar
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 Posted 01/18/2011  12:55 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
This is going to be a really effective tool for defeating counterfeit slabs as well as a competitive advantage for NGC. Kudos for pulling this off!
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fenton's Avatar
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 Posted 01/18/2011  12:59 pm  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Awesome might be worth reholdering some old coins I'm sure the images ones will carry a slight premium
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Conder101's Avatar
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 Posted 01/19/2011  12:50 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Yep 3 million mediocre images of slabs which aren't good enough to be able to make a good comparison between the coin in hand and the coin in the photo. It's a good idea but so far not well implemented. What they need a good, clear images of the COIN in the slab.
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SsuperDdave's Avatar
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 Posted 01/20/2011  11:05 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Ah. So....Heritage they ain't. I feel better.
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