NGC Announces Collateral Finance Corporation (CFC) to Offer Bullion Coins and Coin Financing to NGC Early Releases Customers
Posted on 12/1/2006
NGC announced that today CFC (A subsidiary of A-Mark Precious Metals, Inc., "A-Mark") will offer "turnkey" sales and finance on all Early Releases US Mint bullion coins submitted to NGC for grading. The relationship between NGC and CFC will provide customers with a one-stop solution to getting their 2007 US Mint issue bullion products purchased, graded, financed and shipped, all with one call.
A-Mark, North America's largest full-service bullion dealer is a United States Mint authorized purchaser providing all US Mint bullion products to its customers. Collateral Finance Corporation, its wholly owned subsidiary, is a licensed California Finance Lender and will offer loans from $50,000 to $5,000,000 on coins submitted to NGC for grading. Numismatic lending of this type assists dealers in building inventory, acquiring large collections, and maintaining liquidity during the certification process. CFC is offering special financing rates to NGC Early Releases customers. Details of the program are available at www.cfccoinloans.com.
Steven Eichenbaum, CEO of NGC, comments, "We are pleased to have formed this relationship with A-Mark, North America's largest full-service bullion dealer, and CFC, a market leader in numismatic lending. It enables us to offer a broader suite of services to our submitters, as well as providing ready access to numismatic funding while their coins are on our premises. This is a vital component to transacting business in today's numismatic marketplace."
Parties interested in purchasing US Mint Bullion products and numismatic collateralized loans for NGC coins should contact CFC at (310) 587-1436 or firstname.lastname@example.org. NGC Customer Service can be contacted at email@example.com or by phone at 1-800-NGC-COIN.
For more information about Early Releases, please see NGC Offers Early Releases Pedigree for U.S. Bullion Coinage.