NGC Grading and Encapsulating Multi-Coin Sets
Posted on 7/1/2003
In an innovative move, NGC is the first grading and
certification service to encapsulate complete sets of
coins as issued by the United States Mint. It’s anticipated
that among the sets to be graded and encapsulated within
a single NGC holder are modern (1950-date) proof sets
and uncirculated sets. Also projected are sets of American
Eagle gold bullion coins by dates or denominations.
Earlier coin sets and sets of other types will be added
at some future point.
During the initial launch of this program, NGC will be coordinating with a very limited submission base to ensure that all programming, logistical and volume issues are properly addressed. At the same time, NGC will focus on the grading and release of predominantly modern issue sets. In addition, this new multi-coin holder will be able to house sets of coins of uniform grades as well as coins of varying grades within the set.
The NGC multi-coin holder itself has all of the common features of the present single coin holder—it’s just larger. These features include the familiar white core, the NGC label and the NGC hologram on the reverse. Each coin within the set will have its own certification number, and all NGC grading guarantees will apply. The individual coins may likewise be entered into NGC’s Certified Collectors Registry.
NGC Chairman and CEO Mark Salzberg is very excited about the multi-coin holder, stating that “NGC continues to lead the industry with this revolutionary new product.” Noting the rapid progression of numismatics in recent years, NGC Vice-President Rick Montgomery added “The health of the coin hobby is extremely strong, with a strengthening collector base demanding more innovative ways to display their collections. We anticipate this new holder will accommodate vintage as well as modern coins. All one needs is to be creative, and the possibilities for this holder are very exciting for all collectors.”
NGC will have an example of its multi-coin holder on display at the ANA World’s Fair of Money in Baltimore, July 29 August 3. Once the logistics are worked out to satisfaction, availability for submissions of sets will be open to the entire NGC dealer, ANA and NGC Collectors Society membership.