NGC Guarantee Extended to Copper Coins
Posted: 2/11/2003 by NGC
Numismatic Guaranty Corporation of America (NGC) today announced that it will begin offering a grading guarantee for copper, bronze and copper-nickel coins certified by NGC. This guarantee is available only for coins certified by NGC since adoption of its current generation holder. These are easily recognized by the words NUMISMATIC GUARANTY CORPORATION at the bottom of the grading label. With respect to copper, bronze and copper-nickel coins only, the NGC Grading Guarantee expires ten (10) calendar years from the date of grading by NGC.
Copper and its alloys are highly reactive with the atmosphere and other environmental factors. For that reason NGC has not previously offered a grade guarantee for these coins. However, NGC’s newly introduced, hermetically sealed, state-of-the-art coin holder offers a much higher degree of protection against environmental factors than was previously possible, enabling NGC to offer grade guarantees for such coins.
NGC Vice-President Rick Montgomery elaborated on NGC’s expanded guarantee: “NGC is proud to extend its guarantee to those copper issues of United States and world coins. Montgomery added, “We look forward to an extremely positive market reaction, as collectors and dealers alike buy and trade these coins with even greater confidence. This will bring an added level of protection to all applicable issues certified by NGC.”
Submitters may return previously NGC certified Copper coins for reholdering. NGC reserves the right to return coins in their existing holders if it believes that the coins’ grade cannot be guaranteed. Applicable coins encapsulated in NGC’s older holders, submitted to NGC, will automatically be pre-screened for possible conservation. Submitters will be notified if conservation is advisable, and coins will be forwarded upon request to NCS.