Coins sent to NGC

[Jeff S]

Hi all. I am rather new to coins. And I am totally new to this forum. So please don't bash me to bad for the question I'm about to ask.

When sending a coin to NGC: What insurance do i have I will get my exact coin back? Other than trust? I don't want to sound bad starting off here.

But is not possible, say i send a coin that i feel is a MS70 and it rates as such by NGC but someone there keeps it and sends me a MS69?

Just a hypothetical question. And I am in NO way implying NGC would do this. Thanks for your time.

[AVickery]

Hi,

 

Welcome to the message boards here and to coin collecting in general. Outside of stating the obvious reply that we do not practice nor condone any coin switching, I can attest that for over 18 years NGC has maintained a fiduciary responsibility for millions of dollars of coins on a daily basis. Simply put, NGC would not be the world's third party grading leader if not entrusted by both collectors and dealers alike.

 

For anyone that is paranoid about sending off their coins for grading, should feel free to photograph their coin prior to and after submission for comparison purposes.

 

Thanks,

[Jeff S]

Hello AVickery,

Thanks for the reply. I really wasnt paranoid, Just had the question come to mind.

Thanks,.!!

[Ed Daggett]

Andrew, your reply has niggled a thought that I had once comparing certified diamonds and the fact that unique microscopic identifying characteristics are now being laser inscribed on the diamonds so that they can be uniquely identified.

 

Could such technology ever be applied to coins, perhaps on the edges? Should I start developing the technological protocols so that I can make a killing when the the world is ready?

 

In all seriousness, in you opinion could this ever be considered in certain cases?

 

Thanks,

 

Ed

[AVickery]

Hi Ed,

 

It is an interesting concept and one that has come up from time to time on coin chat boards and general coin discussions.

 

I think comparing the two doesn't quite add up when you really look at the two comparitively. Diamonds are not sought after in their original state, they are cut and polished to be marketable and saleable as an end product. So adding a laser inscribed ID to them is looked at as acceptable. However, when thinking of coins, they are sought after in their most original state of preservation. I think any sort of inscription, no matter how minute, would be considered damage and an alteration of something not as suited as a diamond to give it unique characteristics.

 

Those are just my thoughts on the subject, but innovative and creative ideas are always a possibility in the future.

 

Thanks,

[pawnee101]

A nice digital photo is all you need even the most perfect of all coins have small differences, almost like a fingerprint if examined closely enough, I am sure there is some sort of software that could examine the photo with high accuracy, just my thoughts!