walnutto

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NGC's reponse to adjusting the Presidential MS point

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walnutto

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WE ALL HAVE BEEN DUPED!

I did complain to NGC and got the same response posted on my earlier post.

So let me respond to that.

After 10 years of having the same points issued with very little change, NGC now believes the points are way over the top and had to be adjusted.

Well, I am not buying it. We all have been DUPED. The series are coming to a close after this year. That means NGC will not

be making more money on Presidential Dollar submission.

I can tell you that anyone that started near the beginning of this series, some paid big bucks to acquire the near elite highest grade dollars. Believing the interest will always demand some interest especially when they also look at the registry points. Now that a President with some MS68 with only 15 in that grade only gets just over 100 points. Why would anyone want to pay much for it now. Very low points for any coin pretty much disrepects the coin and NGC does believes there is not much value in that coin as well.

The bottom line is NGC kept the interest for those collectors all thru the series until the very end. Now it is ending, so is the cash cow that drove many dealers into submitting countless submissions.

The points are just for fun granted but when there are no points given, the fun is over. Why issue any points then? At least be honest from the start. I am very disappointed of NGC's decision and feel I been duped for 10 years of effort.

NGC...do the right thing. Put the points back where they were. Why adjust the points now? If you have admitted making a mistake, that's fine, except the collectors are paying for your mistake.

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