The American Numismatic Association in 1972 pioneered third-party coin encapsulation services. Realizing that the mint collecting industry needed an authentication service that could provide an mugwump third-party opinion, they founded ANACS. The future major player entered in 1986 with the establish of Professional Coin Grading Service ( PCGS ). The follow year Numismatic Guaranty Corporation ( NGC ) began operating .
The Authentication, Grading and Attribution Process
The services that these companies provide begin with authentication. many coins are counterfeit, altered or doctored in an try to deceive coin collectors. Depending upon the coin, the evaluator will employ respective unlike methods to determine if the mint is authentic. If the coin is not genuine, it will be returned to the submitter in a credit card bulge with an designation tag indicating its questionable authenticity. This credit card bulge is normally known as a “ body bag. ” If the mint is authentic but has been damaged, doctored, or altered in some way ( for example, cleaned, scratched, etc. ) the coin will be encapsulated as “ authentic ” but not be assigned a grade .
next, a grad is assigned to the coin by the foremost evaluator. The mint is then passed to another evaluator for his grading opinion without the cognition of the first evaluator ‘s grade. Most normally, if the two agree on the degree the coin is assigned that class. If the two evaluators do not agree, the mint is then sent to a “ finalizer ” that will agree with one of the two grades .
If the attribution of die varieties is requested, the mint may be sent to a specialist for evaluation. Most normally this comprises VAM attribution of Morgan dollars. Although newfangled die varieties are being discovered every day, the marking services alone recognize the most popular varieties. The third-party grade services list which die varieties they will issue attribution services for. however, if a major die kind is discovered in a popular series of coins, the grading overhaul may recognize the coin as the “ Discovery Coin. ” Discovery Coins will carry a value premium over and above all other die variety show coins submitted .
finally, the coin is encapsulated in an inert plastic container ( a.k.a. slab ) that will identify the coin type, date, mint, grade, and variety attribution ( if requested ). The encapsulate containers are tamper-evident and include security features to prevent the plastic containers from besides being counterfeited by unscrupulous people .
top 4 Grading Services
The coin authentication and rate industry is not controlled or regulated by any individual or government representation. consequently, anybody can start encapsulating coins to make a net income. many third-party grade services have come and gone over the years. Some of them were operated by coin dealers to slab their coins with a higher grade than usual in an attempt to increase their profits .
Over the years, consumers have recognized the following companies as the most trustworthy and authentic third-party mint marking services .
First Tier (Top-Tier)
- Professional Coin Grading Service (PCGS)
- Numismatic Guaranty Corporation (NGC)
- Independent Coin Graders (ICG)
Examples of “slabbed” or encapsulated coins.
GreatCollections Coin Auctions – www.GreatCollections.com
Read more: Possum Magic Coins
Slabbing : The Most important benefit
One of the most essential benefits of submitting a coin to a third-party grading service is that the mint will be encapsulated in a protective holder. Since the holder looks like a “ slab ” of formative, it has earned that term as a nickname. The holders are made out of inert materials that will not damage the coin while in the holder. The hard credit card provides the ultimate protection for your rare coins and will show any tell if the holder has been tampered with .
Some TPGS besides guarantee that their holders are airtight and waterproof. however, the temperature can calm damage your coins even though they are stored in inert credit card holders. consequently, they must be stored in an appropriate station where temperatures will not get besides hot nor besides cold .
Submitting Coins to Be Graded
equitable about anyone can submit coins to these companies for authentication and rate opinions. You should consult the company ‘s web site for specific instructions. Some companies have minimum requirements and annual membership dues. If you do not feel you have enough coins to justify an annual membership fee, many mint dealers will accept coins on your behalf and submit them to the grade services for the cost of the submission plus a wield tip for their time and effort .
Grading the Graders
Since the mid-1980s, mint grading standards have changed. Some numismatists contend that the standards have weakened and coin grades have been inflated over the years. To address this trouble, John Albanese founded the Certified Acceptance Corporation ( CAC ) in 2007 .
For a tip, you can send CAC your certified NGC or PCGS rare United States coins for their evaluation. If they are solid or high end for the grad that was assigned by one of the mint grading services, they will attach a special holographic dagger to the holder. If it does not meet their minimal criteria, they will return the coin in the original holder without a gummed label .
other companies have besides entered the one-fourth party grading market. This includes Modern Approved Coin ( MAC ) for advanced United States coins and World Identification and Numismatic Grading Service ( WINGS ) world coins, tokens and medals that have been graded by PCGS, NGC, ICG, ANACS or ICCS ( canadian Grading Service ) .
besides Known As
TPG ( Third Party Grading ), TPGS ( Third Party Grading Service ), certification military service, slabbers