NGC Unveils EdgeView Holder™ for Presidential $1 Coin Series
Posted on 2/1/2007
This rendering shows a George Washington Presidential $1 Coin encapsulated in the EdgeView Holder™ with NGC's Presidential Coin label. This holder and label are available for the new coin, and allow viewing of the encapsulated coin's edge. Click image for enlargement.
NGC announces the release of the EdgeView Holder™, a new holder which suspends a coin within prongs to enable viewing of its edge. This holder is made from the same high-quality inert materials as the standard NGC holder, with the addition of four small cutaway windows that surround the coin.
NGC will use the EdgeView Holder™ for the encapsulation and grading of the U.S. Mint's Presidential $1 Coins, which feature images of U.S. Presidents in the order that they served, beginning with Washington, Adams, Jefferson, and Madison in 2007. These coins also feature edge-incused inscriptions of the year of minting or issuance, the mintmark, "E Pluribus Unum," and the motto "In God We Trust." Because critical information relevant to their attribution and identification is found on the coins' edges, NGC has elected to use the EdgeView Holder™ which enables clear viewing of a coin's edge.
All Presidential $1 Coins submitted to NGC will automatically be encapsulated in an EdgeView Holder™ at no additional charge. The EdgeView Holder™ will be used exclusively by NGC for the encapsulation and grading of Presidential $1 Coins, and will not be available for other coin types at this time. Furthermore, NGC will encapsulate Presidential $1 Coins with a patriotic red, white, and blue label displaying images of four presidents on a blue background. A vibrant red bar across the bottom of the label includes the words NUMISMATIC GUARANTY CORPORATION.
A special designation, FIRST DAY OF ISSUE, will be available for coins released on the official release date. To qualify, coins must be received by NGC on the official release date or by overnight mail or air carrier on the day immediately following the official release date. The first coin of the Presidential $1 Coin series, George Washington, goes into circulation on February 15, 2007, and to qualify for the FIRST DAY OF ISSUE designation, coins must be received by NGC no later than February 16, 2007.
NGC requests that Presidential $1 Coins be submitted on their own submission form, separate from other coin types, to ensure prompt handling. The Presidential $1 Coins are eligible for grading under NGC's Modern tier for U.S. coins minted from 1955 to date. Submitters requesting the FIRST DAY OF ISSUE designation should submit using the Modern Special tier.
"We developed EdgeView to meet the specific demands of this coinage. We applaud the novel approach taken by the U.S. Mint in developing this coin series, and we're similarly committed to meeting the needs of collectors through innovation and new holder design," comments NGC Chairman Mark Salzberg.
The development of the EdgeView Holder™ continues NGC's role as a leader and innovator in rare coin certification and encapsulation. In 2001, NGC first introduced its coveted Star Designation for coins with superior eye appeal. In mid-2002, NGC released the popular Multi-Coin Holder, which provides collectors with the option to have a set of up to six certified coins encapsulated within one holder. And in early 2003, NGC extended the Prooflike (PL) and Deep Prooflike (DPL) designations to business strike coins of all series.