should ngc slab paper money?

[michael]

comments?

 

sincerely michael

[chrisfuccione]

Not NGC per say. But they should form another comany like CGC(comics) or SCG(sports cards). CHRIS

[Beijim]

This seems a reasonable idea. I don't see the need for a separate company, as numismatic applies to both coins and currency.

 

Beijim

 

[chrisfuccione]

It is the same reason that they split up the coin, comic, and card. You will have diffrent graders. You don't want your coin graders looking at paper money. CHRIS

[Beijim]

Sorry, I didn't mean to imply that coin graders would be required to perform double duty, get hip to paper money, and grade both. Rather, I was observing that a single company, Numismatic Guaranty Corporation, can operate two divisions - one for coins, one for currency - without incurring consumer confusion or a requirement that the new profit center be formed as a separate business entity. The currency side of the house would, of course, hire new graders to form their staff. Since numismatic means pertaining to coins or currency (but not to comic books or sports cards), I still see no reason for a separate company.

 

Beijim

[gmarguli]

From the LITTLE I've heard, the current paper money slabbers are not well respected. It's probably a good idea for NGC to look into starting a paper money service. There are lots of area of collectibles that NGC could consider. However, I do draw the line at Beanie Babies.

[nwcs]

Depends, is there really any demand for it? From what I can tell, there isn't really enough demand to justify a service for stamps, comics, or cards. So why add a currency slab? Now, I think a certification only slab might be OK. One that says genuine and offers the currency some basic protection and a tamper evident seal.

[Wihlborg]

Greg,

 

Beanie Baby collectors deserve protection also! I bet the sight unseen market for these is pretty tough without third party grading!

 

John

 

[gmarguli]

Wihlborg, that's why you can have your Beanie Babies slabbed by Accugrade. No joke!

[Wihlborg]

Greg,

Are you saying that Accugrade really slabs Beanie Babies?

 

[gmarguli]

Yep. I'm serious. It's listed on their home page.

[Wihlborg]

Now, I have heard everything! How do you possibly grade a beanie baby?

 

Maybe by how tight the seams are? I guess this would be the equivalent of strike, but I wonder what they use as a measure of luster? After all luster is everything!

[BankNote1]

I can answer the question for most currency collectors. "NO"!!! But I would rather have a service like NGC rather than CGC and CGA, as we have now. There is a big feeling that these two services have a conflict of interest. They are both active dealers!

I talked to a major player in currency Friday and he told me that his company will not buy third party graded notes. A lot of the graded notes have been "helped" and you can't see the problems with the note in the holder. None of the big currency auction houses will let you return a third party graded note!

Another problem is the current MS70 coin grading scale just doesn't work for grading currency. In short the PCDA and most collectors just don't want it.

Would this note be any better in a slab?

[michael]

some really good points i would like to see ngc do this but not on the sheldon scale

 

just the scale they use currently in currencey like with unc grades

 

cu choice cu gem cu and superb gem cu

 

well i guess only time will tell

 

sincerely michael

 

i learned more on here tonight than i ever have with all the great posts and responses

 

sincerely michael

[Beijim]

I agree with Michael. When I remarked that offering a grading and encapsulation service for currency seemed a reasonable idea, I implicitly envisioned a service wherein the existing currency grading standards would prevail, but with the added benefits of authentication and long term protection.

 

Beijim