NGC ANCIENTS: GUARANTEE

NGC Ancients Guarantee

Coins that bear the NGC Ancients label are subject and limited to the terms and conditions of this section.

NGC Ancients is committed to grading only genuine coins, but it does not guarantee authenticity, genuineness or attribution, nor is any guarantee of these aspects implied. NGC Ancients will only holder coins it considers genuine at the time of submission, but it cannot guarantee the authenticity, genuineness, type, attribution or date of any coin it holders. Unlike modern coins, which often benefit from well-documented, scientific parameters for the verification of authenticity, there rarely is conclusive data for ancient coins, and generally there is no surviving documentation to verify production characteristics.

Almost without exception, ancient coins have been recovered from burial, either under land or water. Some recoveries date back centuries, while others are more recent. Even in ancient times, coins were counterfeited, copied and imitated. If a particular submitted coin can positively be connected to a specific find or recovery that is documented, or is on track for documentation, it will be so designated if requested to do so by the submitter. However, even with these coins there can be no guarantee of their genuineness.

The dating and attribution of an ancient coin (the basic identification of a coin’s place of origin, issuing authority, date of issue, design elements, specific variety, etc.) is oftentimes uncertain or is a matter of scholarly conjecture. Multiple and different attributions can coexist, each simultaneously finding acceptance within the numismatic community; in these cases NGC Ancients will use the attribution it considers most valid. New research or archeological evidence may challenge or change the consensus about an ancient coin’s attribution, date, identification and even its authenticity. Consequently, the opinion of NGC Ancients on these matters is subject to change with the introduction of new information, or of existing information of which its grading staff was unaware at the time of holdering. Every effort will be made in good faith by NGC Ancients to properly attribute ancient coins, but no guarantee is made as to these qualities.

Therefore, with ancient coins NGC Ancients will only guarantee the grade. It is recommended that buyers purchase ancient coins from sellers who offer unconditional lifetime guaranties of authenticity, and who otherwise stand behind their sales.

WARNING: THIS GUARANTEE IS LIMITED TO GRADING ONLY

• The NGC Ancients Guarantee does not apply to coins that have been removed at any time from their original NGC Ancients holder, or to coins that bear any evidence of tampering, which determination shall be at the sole discretion of NGC Ancients.

The grading of coins is subjective and solely reflects the opinions of NGC Ancients graders. All coins submitted to NGC Ancients shall be examined in accordance with NGC Ancients grading procedures. In the event any owner or subsequent purchaser of a coin encapsulated by NGC Ancients believes that coin has been over-graded by NGC Ancients with respect to such procedures, such person may submit the coin to NGC Ancients through its "Appearance Review" service for a review of the assigned grade. If the grade determined under such review, in the sole opinion of NGC Ancients, is lower than that originally assigned to the coin, NGC Ancients shall, at NGC Ancients’ option, either exchange the coin in question with an equivalent coin at the original, higher grade or pay the difference between the current fair market value of the coin at the newly established grade and the current fair market value of the coin at the grade originally assigned. NGC Ancients will determine the current fair market value of a coin based upon what NGC Ancients believes, in its sole opinion, to be reliable and current market information. The subjective determination of fair market value by NGC Ancients shall be binding on all parties.

• From time to time NGC Ancients may make a “clerical” or “mechanical” error in placing and inputting data on the NGC Ancients holder label. A clerical error would include a situation where the coin identified on the holder is obviously not the same coin as that which is contained in the holder. The NGC Ancients Guarantee does not apply to “clerical” or so-called “mechanical” errors that may appear on the NGC Ancients label as the owner of the coin can readily see that the coin is incorrectly labeled.

Clerical or mechanical mistakes will be rectified free of charge by NGC Ancients.  In consideration of the services rendered by NGC Ancients, the submitter is obliged to and agrees to immediately upon receipt examine coin(s) for clerical or mechanical errors or for any other problems, and within five (5) calendar days to notify NGC Ancients of any errors or problems or same will be deemed waived. Notwithstanding same, the submitter agrees to return to NGC Ancients any coin with clerical or mechanical errors and under no circumstances may any submitter sell, trade or transfer ownership of the coin. If the submitter causes same to enter into the stream of commerce, NGC Ancients hereby disclaims responsibility and / or liability for such coin. Submitter hereby agrees to indemnify and hold NGC Ancients harmless for any coin which has a clerical or mechanical error should the submitter transfer ownership to another party and that party brings a claim against NGC Ancients therefore.

THE NGC ANCIENTS GUARANTEE TAKES THE PLACE OF AND SUPERSEDES ALL OTHER WARRANTIES, EXPRESS OR IMPLIED AND WHETHER OF MERCHANTABILITY, FITNESS OR OTHERWISE. THE REMEDIES PROVIDED IN THIS AGREEMENT ARE EXCLUSIVE, EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, ALL OTHER REMEDIES AGAINST NGC ANCIENTS, INCLUDING, BUT NOT LIMITED TO, CONSEQUENTIAL, PUNITIVE AND INCIDENTAL DAMAGES, ARE WAIVED.

THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA AS APPLIED TO TRANSACTIONS TAKING PLACE WHOLLY WITHIN FLORIDA BETWEEN FLORIDA RESIDENTS. CLAIMANTS UNDER THIS GUARANTEE HEREBY WAIVE TRIAL BY JURY AND EXPRESSLY CONSENT, AT THE OPTION OF NGC, (1) TO THE PERSONAL AND SUBJECT-MATTER JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN AND FOR THE COUNTY OF SARASOTA, STATE OF FLORIDA, OR (2) TO ARBITRATION BEFORE THE AMERICAN NUMISMATIC ASSOCIATION OR THE PROFESSIONAL NUMISMATISTS GUILD FOR ANY DISPUTE ARISING FROM OR RELATED TO THIS GUARANTEE.

Notwithstanding anything else contained in this NGC Ancients Guarantee, in the event of loss of your coin by NGC Ancients, NGC Ancients will only be responsible for the LESSER of the actual fair market value or the submitter declared valued.

Revised: 12/20/2011