Certified Gold and Authenticated Bullion: Two New Services from NGC
Posted on 5/13/2009
NGC is introducing two new certification services for coins that derive their value primarily from their metal content. They are NGC Certified Gold and NGC Authenticated Bullion. These services vary from NGC’s conventional numismatic services by using very accessible language to describe coins and their metal content specifically. As with other NGC services, once certified, coins are encapsulated in NGC’s archival-quality holder. Both new services are available to NGC Authorized Dealers under the bulk submission program.
A major goal of these services is to increase the availability of protection against the proliferation of counterfeit precious metal coinage. All coins certified under these programs are backed by a guarantee of authenticity from NGC. Additionally, all coins certified by NGC receive a unique serial number. This is important because it allows owners of certified coins to keep precise records of their holdings, even when coins are stored offsite or by a third-party depository.
Rick Montgomery, NGC President, comments: “We are very excited to offer these new products. Just as certification has done for graded classic coinage, NGC Certified Gold and NGC Authenticated Bullion will make it easier for individuals to buy and sell precious metal coins. We also believe that these products can make these types of coins appealing and accessible to the broadest possible audience.”
The first of these programs is NGC Certified Gold. In addition to a description of the enclosed coin, included on the certification label is its pure metal weight. These coins are also provided a written grade description that is fully transcribed and not abbreviated. For example, a coin may be described as, “Extremely Fine,” and corresponding explanations of grading terminology can be found on NGC’s website. NGC believes that this plain descriptive language can be more easily understood by novice and first time coin buyers.
Currently, the coins eligible for the NGC Certified Gold program include Liberty Half Eagles, Liberty and Indian Eagles, and Liberty and Saint-Gaudens Double Eagles. This service is available as a stand-along option and in combination with bulk gold grading services offered by NGC.
More information about this program can be found on NGC’s Web site: www.ngccoin.com/certified-gold
The second program being unveiled for precious metal coinage is NGC Authenticated Bullion. A great variety of sovereign-issue bullion coinage is eligible for this service, including coins struck in gold, silver, platinum and palladium. Mint state and proof coins are also both eligible.
Coins certified under this program do not receive a grade. Rather their actual precious metal weight and fineness are detailed on the certification label. Again, each coin is guaranteed authentic by NGC, and assigned an individual serial number. The NGC holder, which has been designed for the long-term storage of coins, provides a valuable layer of protection since damaged or otherwise impaired bullion coins are often discounted in the marketplace.
Coins can be submitted for NGC Authenticated Bullion certification by NGC Authorized Dealers using our bulk submission guidelines. This service is not available in combination with bulk grading services and prescreens.
More information about this program can be found on NGC’s Web site:www.ngccoin.com/bullion
Submitters and individuals with questions about these programs can contact NGC by e-mail at email@example.com.