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      Try the new NGC Journals!   03/22/2017

      NGC has launched a new and improved NGC Journals! Available on NGCcoin.com, the new NGC Journals improves upon the popular platform to write blogs and discuss them with other members. The new NGC Journals has an improved design that makes it significantly easier to post and read journals from any device, including smartphones and tablets. Adding images has been made much simpler, and the NGC Journals now give users the ability to create polls and "like" other entries. A popular feature of the old NGC Journals was the ability to open an entry to comments from other users. This feature has been retained and enhanced — users can now comment on the same page as the original Journal entry, creating a seamless experience. Best of all, the same login can be used to post Journals, make comments and access the other features of the NGC website. Old NGC Journals entries will be migrated to the new NGC Journals soon. In the meantime, users can make posts to the new NGC Journals. To get started, create a Journal and make an entry. Unlike the old NGC Journals, you create a single Journal and then add new entries to it. Your Journal can be customized with a cover photo, and you can choose to make it available to all users or only to the users that you select. You can also choose to receive notifications whenever people comment on one of your entries. Scroll below for helpful tips on using the new NGC Journals or go to the new NGC Journals now >   Instructions / Tips To get started, you must first create your Journal and then you can add entries to that Journal. Choose Journals from the Browse menu if you are not already on the Journals page

        Click Create a Journal

        Name your journal, add a description, add a photo, and choose if you want all users to see your journal or if you would like it available to a specific audience only. Click Continue to move on to the next step where you can add you first entry!

        Click Add Journal Entry to add a post to your journal

        Commenting on another user's Journal is easy. After selecting a journal to read, scroll to the bottom of the page where you will find the field where you may enter your comments and see the comments others have posted.
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About this journal

I'm a coin collector based in Denver, Colorado. I have been collecting numismatic items for nearly a decade and have an incredibly strong passion for the hobby. I find NGC's "Collector's Society" a great platform to share ideas, insight and advice about numismatics as a whole and am grateful for the opportunity to correspond with fellow collectors. If there is one thing I have learned in this hobby, it's that there is "always" something new to learn.

Entries in this journal

Siah

My intention in writing this entry is not to come across as an advertisement because that is my last intention (you can check out my registry sets right here on the site). In all honesty, I want to share the following information for fellow collectors who find themselves in the exact position I was in merely a month ago.

In saying that, over the years, my collection has grown to be quite valuable. I take pride in the work I have put into my collection, as I have dedicated years of my life to the hobby. As time progressed, I started thinking more and more about protecting my collection. I do not necessarily see my collection as an investment since I collect for sheer love of the hobby, but I knew it would have been naive to not at least attempt seeking some type of insurance that went beyond just a safe.

This leads me to my ultimate topic I wish to discuss. Currently, all my coins are housed in pretty sturdy safes; nevertheless, a safe only goes so far. A good friend of mine is in the insurance industry here in Colorado so I thought I would approach her about what options I might have in insuring my collection.

She took on the task and spent a great deal of time and work trying to find a company that would take on the risk and provide a policy that would insure the full value of my collection. Eventually, she found a great company that specializes in insuring coins. So, what are some of the specs that go along with such? Well, for those of you that find yourselves in the position I was in, I have proof-of-purchase for the majority of all my coin purchases, an inventory list, they're housed in safes and I was able to come up with a ball-park estimate of the collection's value. With these details alone, my friend was able to get me a great policy. They insured my entire collection for its full value. A few perks included in the plan is coins that are shipped for grading are automatically covered under the policy. Additionally, the plan includes a 1% increase every month for the total value of the collection which allows for the appreciation of my coins and the addition of new coins (if I were to get a really expensive piece, I could always change the total value of my policy beyond the 1% that's already included). If I were to ever experience a loss (theft, fire, flood, etc.), the company would cut me a check for the value of the coins lost.

The one caveat in all this is she is licensed in Colorado. As a result of this, if you're interested in insuring your collection, you would need to either be a resident or living in the state of Colorado. Nevertheless, once the plan went into effect, it was almost as though I felt a weight lifted off my shoulders. I am aware that every coin is unique and could never be replaced, even with a check. However, knowing they're now insured really gives me a sense of security and pride. I was shocked by how low the annual premium was and how understanding the numismatic insurance company was regarding the hobby, in general.

So, if any of you are either living in or a resident of Colorado and are interested in insuring your collection, shoot me an email and I will provide the contact information for my agent. She's talented, smart and looks out for the best interest of her clients while focusing on finding them the most affordable plan that meets their standards and goals for a collecting policy. If you don't like it, there's no pressure to commit. Nonetheless, if you're interested to simply know what's out there regarding the options of insuring your collection, I highly suggest you give her a ring. I have found, especially in this hobby, being informed goes a long way.