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All Posts Tagged With: "Mark Salzberg"

NGC Launches Plus Designation on Coin Grades

Beginning today,Tuesday, May 25, 2010, all eligible coins submitted to NGC for grading will be reviewed for the Plus Designation (+). NGC assigns a to coins at the high end of their assigned grade, approaching the quality requirements for the next grade. In addition to their superior technical merit, coins receiving a must have above-average eye appeal.

NGC assigns the + only to United States coins issued from 1792 to 1964, and the is available in combination with all grades from XF45 to MS68, inclusive. Coins submitted to NGC under applicable grading tiers including Economy, EarlyBird, Gold Rush, Specialty Gold, Express and WalkThrough tiers are automatically examined for + during grading, and there is no additional fee or special service request.

All coins submitted for on-site grading at tradeshows and other events are also considered for + at time of grading. The first on-site event where NGC will evaluate all coins during grading for the Plus Designation is the Long Beach Coin & Collectibles Expo, where on-site grading will be offered June 2 through June 4, 2010.

Coins already certified by NGC must be submitted for regrade using one of the above mentioned grading tiers to be evaluated for + . Crossover submissions at applicable grading tier levels are also reviewed for + during grading. More detailed information concerning submission requirements and answers to frequently asked questions can be found on NGC’s website at

“We have been overwhelmed by the flood of support and enthusiasm for the launch of the NGC plus designation. For a number of years, collectors and dealers have wanted NGC to recognize premium quality-grade coins because our unique capabilities allow us to distinguish these differences with accuracy and consistency – providing credibility and consumer confidence to this segment of the market,” comments Mark Salzberg, NGC chairman and grading finalizer. (more…)

Industry Leaders Comment on New PCGS Secure + Coin Grading Announcement

David Lisot, Executive Producer of Coin Television has put together a montage of comments from industry leaders following the PCGS announcement of its New Secure + coin grading service

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The PCGS Secure Plus process uses laser scanning to help detect coins that have been artificially enhanced since their last certification, combat “gradeflation” and excessive resubmissions of the same coins, and can also be used to help identify recovered stolen coins. Additionally, PCGS graders can now designate deserving, superior-quality coins as “Plus” within their respective grades, an important distinction when there are big differences in value between one grade point and the next.

The following industry professionals are included in this video as follows:

Video used with permission and courtesy of and

A Letter from Mark Salzberg

Every year I write a letter to all NGC submitters to describe what’s happening at NGC. Communication is a very important part of what we do — we see NGC as being directly responsive to the wants and needs of the numismatic community. In no small part, it’s because of this responsiveness that NGC has grown to become the largest rare coin certification company in the world. In fact, we are literally only days away from certifying our 20 millionth coin!

Before I get ahead of myself, I’d like to look back at 2009. We did so many things last year that I’m just going to get to it…

On January 1, 2009, we formally launched NGC Ancients, a grading division focused on coinage of the ancient world. David Vagi, an extraordinary numismatist, joined us to head this effort. Our goal is to provide independent expert evaluations for ancient coins, just as we do for coinage of the modern era. The precise grading system and encapsulation are both game-changing innovations in ancient numismatics, but I’m particularly proud of what it says about NGC. Now, we can provide our industry-leading services for the broadest range of coins, tokens and medals. We do this by having more and better experts than anyone, all under one roof and collaborating to continually improve the quality and value of our services.

At the 2009 FUN Show we introduced the Scratch-Resistant EdgeView® Holder. Coated in the same UV-cured materials as eyeglass lenses, it provides an optically clear surface that is resistant to nicks and scuffs. We absorb the cost on this very expensive material because we believe it’s vitally important that your coins are always presented in the best possible way, whether you are offering them for sale or enjoying them in your home. If anyone is interested in having coins re-holdered in our scratch-resistant holder, just call customer service and they will be happy to take care of you.

We’ve also continued to upgrade and improve our Web site. Dealers will find an enhanced portal upon login, and all submitters have new, easy-to-use PDF submission forms. In April, we added a comprehensive library of grading articles to the Web site, one for every US coin type. Our coin grading guide, penned by NGC Research Director David W. Lange, is called From One to Seventy, and is certainly among the most readable and informative resources of its kind. But most significantly, we’ve upgraded our Online Verification tool. Now you can see images of every coin that was tier-graded after October 2008 by entering its certification number. We even have a mobile version so you can access these images on your cell phone! If you ever had a concern about buying a fake or bad NGC holder, you shouldn’t anymore. (more…)

20th Century Gold Club Holds Fascinating Meeting During FUN Convention

By Greg Reynolds for CoinLink

I. Introduction to the Club and this Meeting

On Wednesday, Jan. 6, 2010, the 20th Century Gold Club conducted their fifth meeting at a hotel near the Orange County Convention Center in Orlando where the January FUN Convention was held. In the field of choice and rare U.S. coins, the annual Winter FUN Convention is one of the leading events of the year.

This club is private, small, exclusive, and sophisticated. I am honored to have been invited to attend. Moreover, I feel privileged to have the cooperation of the founders for the purpose of writing about the proceedings and communicating the educational and other purposes of this club to coin enthusiasts at large. Some of the presentations and discussions at the event were truly fascinating and the enthusiasm of the members for coins filled the atmosphere. The event was stimulating and fun.

The current president, Jay Brahin, directed the meeting. The speakers were David Hall, John Albanese and John Dannreuther. David Hall is the primary founder of the PCGS and he is currently the CEO of its parent company. Hall is an expert in early 20th century U.S. gold coins.

Hall spoke about the new PCGS program of identifying coins that each have a market value of $1 million or more, the “Million Dollar Club.” I asked if coins in museums are included, and I was surprised that they are with rather specific estimated values. I also asked why the two unique 1797 Half Eagles in the Smithsonian are not on the list. Reportedly, these two 1797s are the only known survivors of two different, readily apparent varieties. Additionally, Hall voiced intriguing comments regarding PCGS estimates of the values of 1933 Double Eagles.

In the second part of David Hall’s presentation, he introduced the results of research at the PCGS regarding the market values in 1970 of Saint Gaudens Double Eagles. The tricky part of such research is determining how specific coins in 1970 have or would be later graded by the PCGS, so price appreciation of specific dates in specific grades can be tracked and analyzed. Though David Akers voiced a critical remark or two regarding such values, most of the members of the club were impressed by the data and astonished by how low the prices were for such terrific coins in 1970. As an aside, note that Dr. Duckor has long argued that gem quality, better-date early 20th century gold coins were not really appreciated until the 1980s. One of the purposes of the club is to bring about a greater appreciation of early 20th century gold coins. (more…)