NGC Named Approved Depository for Collateral Finance Corporation
Posted on 6/1/2006
NGC has been named an approved depository for Collateral Finance Corporation, which provides loans secured by bullion and rare coins. The relationship between NGC and Collateral Finance Corporation will enable borrowers to expedite the loan process for coins warehoused by NGC during the NGC certification process.
Collateral Finance Corporation, a wholly owned subsidiary of A-Mark Precious Metals, is a California Finance Lender and will be issuing 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. In the past, such financing has not been available in direct association with the services offered by NGC.
Steven Eichenbaum, CEO of NGC, comments "We are pleased to have formed this relationship with Collateral Financial Corporation, 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 numismatic collateralized loans for NGC coins should contact Thor Gjerdrum at Collateral Finance Corporation directly at firstname.lastname@example.org or by phone at (310) 587-1414. NGC Customer Service can be contacted at email@example.com
or by phone at 1-800-NGC-COIN.