A World of Growth
Posted on 5/1/2003
to Zaire, the World coin market appears to be healthy
and growing steadily. NGC is participating in this growth
through the increasing demand for certified coins in
this area. This growing demand is very broad based,
and interest transcends many time periods and countries.
Submissions of coinage from the 16th century through
2003 have enjoyed a steady, sustained increase. Collectors
and dealers alike rely on having a consistent grading
standard across a wide spectrum of numismatic items.
In fact, several dealers in the United States are selling
certified World coins almost exclusively. Dealers in
a couple of overseas markets have taken to selling certified
coins with a heavy emphasis on NGC products.
In response to this increasing demand, NGC has recently amended its procedures for submissions of World coins. World coins must be submitted separately from their U.S. counterparts on World coin submission invoices. There are four tiers of service dedicated to World coins.
The World Coin Value Tier is for coins valued at $300 or less and has a turn around target time of 10 working days. The price is $11 per coin with a five coin minimum.
World Gold Tier is similar to our Gold Rush service, with five working days as a target time. There is a $1000 value limit with a five coin minimum; $20 per item.
World Coin Standard is for all coinage valued at $3000 or less with a 10 working day turn around target, no minimum number of coins is required; $28 per item.
Walk Through is reserved for items valued over $3000 with a 24-hour turn around target.
By having these specialized tiers, NGC can better process the submissions and provide better, more efficient service to our customers. These segregated submissions can be directed to their proper channels in-house, avoiding any unnecessary delays in processing and helping to maintain our turnaround times.
Due to customer requests, NGC has also recently added cameo and ultra-cameo designations for proof coins as well as proof-like and deep proof-like designations for business strike coinage. These refinements in designations will help the accuracy of the coins’ description. This will be particularly helpful on the international market and with buyers of coins on the internet, where the coin may not be available for viewing prior to purchase.
NGC’s World coin service will continue to evolve to meet customer demands. As the market grows and demand for certified World coins increases, NGC will match those demands and will be ready to participate in the growth of the international market.