Knowledge (XXG)

Third-party grading

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847: 1088: 175: 41:" a coin and assign a grade of 1-70 on the Sheldon grading system, with 1 being the lowest grade, with only faint details visible to 70, a practically perfect, uncirculated coin with no scratches or wear. If a coin is determined to have been cleaned, altered or damaged in the past, the coin will still be given a general grade, such as Good or Very Fine, but will not be given a numerical rating on the Sheldon scale. These coins are commonly referred to as “details” coins and usually have lower value to collectors. 81:(ANA) established their Certification Service, the ANACS, in 1972. At first, the coins were not graded, only confirmed as genuine. Coins were returned with a photo certificate but not encapsulated. Originally located in Washington DC, the ANACS moved to Colorado Springs in 1976. The Official American Numismatic Association Grading Standards for United States Coins was published in 1977, providing the basis for ANACS's expansion from authentication only to into grading in March 1979. 89:
label color and the fact that coins would rattle inside. NGC commenced business in 1987. ANACS provided both photo certificates and/or slabs in 1989. ICG was established in 1998. Many other companies have provided similar services, but most are no longer in business, and all have certified far fewer coins. Today, some people have begun collecting some of these early slabs from defunct companies not for the coins, but for the historical value of the slabs themselves.
128:(PNG), released the results of a survey of major coin dealers who gave their professional opinions about 11 certification services. PCGS and NGC were rated "Superior" overall, with ANACS and ICG deemed "Good". PCI and SEGS were listed as "Poor", while called "Unacceptable" were Accugrade (ACG), Numistrust Corporation (NTC), Hallmark Coin Grading Service (HCGS), American Coin Club Grading Service (ACCGS), and Star Grading Services (SGS). 189: 1098: 61:(CAC) is a coin certification service which evaluates certain high-end coins already certified other firms and assigns a CAC approval to the coin's slab if it meets certain standards based on the coin's eye appeal, strike and visual appearance. Coins with the CAC sticker are usually valued higher than those without CAC approval. 131:
NGC and PCGS counterfeit holders have been reported, but significant measures have been taken by both services to remedy the problem, such as NGC's use of photographic verification for every coin certified and both services' employment of serial number verification and anti-counterfeiting features in
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Modern third-party coin grading service is presently defined by the tamper-resistant plastic "slab," which encapsulates both the item and its certification. Before photographs and encapsulation there was no way to permanently tie the certificate to the actual item being certified. It was possible to
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and eventually some new grades (very fine, near mint) and by the 21st century, grades from 0.1 to 10.0 (similar to 1 to 100 except normally 10.0 isn't used because of often-unavoidable minor handling/manufacturing contamination/damage, and only certain numbers tend to be used, such as multiples of
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A more recent development has been the advent of "stickering" services, such as Certified Acceptance Corporation (CAC). These companies do not slab coins themselves, but rather provide a second opinion on already slabbed coins, adding a sticker to slabs that they consider to be on the high end of
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a photograph of the coin, clearly illustrating the transition from photo certificates to slabs. PCGS began operations in 1986, providing encapsulation in a modern plastic slab without a photograph. Their first-generation holder is known as the Old Green Holder (OGH) or "rattler," because of its
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from 1 to 70) and authenticated by two or more graders, and then assigned a final grade by a finalizer, based in part upon the recommendations of the prior graders. Depending on the company, various descriptors may be added, such as Full Bell Lines (FBL) for
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submit a superior coin for certification and then sell a similar, but inferior, coin with the certificate issued for the more valuable one. This was the problem faced by the Institute of Numismatic Authenticators, founded by the controversial
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Along with coins, other items later started to be graded. NGC's parent company is by Certified Collectibles Group, which includes Paper Money Grading (PMG), and a stamp grading company, and the first comic book grading company,
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The move from photo certificates to slabs came in 1984, with a now defunct company called Accugrade. Their early slabs are notable for containing both the coin
836: 55:(NGC) 1987, and Independent Coin Graders (ICG) 1998, are the most popular and well-known services. Together they have certified over 100 million coins. 708: 962: 114: 665: 1018: 566: 211: 462: 434: 972: 346: 329: 158: 48: 957: 58: 376: 1070: 125: 78: 52: 121:). Experts consider these to be the most credible and popular services. Together they have certified over 80 million coins. 1044: 701: 640: 1054: 952: 44: 967: 140:
At each of the four main grading companies, a similar process is used. Each coin is graded (on a verbal and numerical
876: 141: 94: 912: 846: 694: 113:, the largest coin marketplace, deems acceptable to include in its listings: ANACS, ICG, NGC, and PCGS (also 1034: 998: 897: 871: 24: 1121: 587: 1126: 1013: 146: 1008: 761: 153:, and the coin's die variety may be noted. The coin is then slabbed and returned to the customer. 1092: 1039: 781: 771: 180: 786: 766: 741: 325: 806: 796: 751: 731: 317: 717: 71: 736: 156:
Comic books used to be graded same as books, with grades described Firsts Magazine and
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The Official American Numismatic Association Grading Standards for United States Coins
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0.5 approximating sub-grades of older grades that are words but still used).
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These services will, for a tiered fee depending on the value of the coin, "
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In 2007, the rare coin industry's leading dealer association, the
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There are four (six for Canada) coin certification services which
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in 1962. The company lasted little more than a year.
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American Numismatic Association Certification Service
666:"PCGS Announces New Anti-Counterfeiting Coin Holder" 1063: 1027: 981: 943: 936: 890: 854: 724: 565:. Professional Numismatists Guild. Archived from 641:"NGC Confirms Counterfeit Replica Coin Holders" 463:"Certified Acceptance Corp. plans fee increase" 457: 455: 702: 8: 837:VAM (Morgan and Peace dollar die varieties) 940: 709: 695: 687: 428: 426: 370: 368: 963:International Coin Certification Service 525: 523: 521: 519: 517: 261: 259: 257: 202: 34:by independent certification services. 610: 608: 553: 551: 491: 489: 487: 485: 483: 1019:Standard Catalog of World Paper Money 159:The Overstreet Comic Book Price Guide 97:, which now has several competitors. 7: 375:Schwager, David (January 18, 2018). 149:or Deep Mirror Prooflike (DMPL) for 14: 973:Professional Coin Grading Service 49:Professional Coin Grading Service 1096: 1086: 1071:Coin shows in the United States 1014:Replacement banknote (star note) 958:Certified Acceptance Corporation 845: 187: 173: 59:Certified Acceptance Corporation 126:Professional Numismatists Guild 79:American Numismatic Association 53:Numismatic Guaranty Corporation 1: 1045:List of metal detecting finds 1055:List of most expensive coins 435:"Comprehensive Market Study" 210:Orosz, Joel (Apr 30, 2016). 968:Numismatic Guaranty Company 1143: 877:Sheldon coin grading scale 411:. Independent Coin Graders 95:Certified Guaranty Company 1083: 843: 1035:List of coin collectors 999:Greenback (1860s money) 1093:Numismatics portal 872:Paper currency grading 320:; Abe, Kosoff (1977). 147:Franklin half dollars 588:"Coins Buying Guide" 77:A decade later, the 1009:Paper money catalog 882:Third-party grading 762:Coin counterfeiting 537:. pcgscoinfacts.com 30:, attribution, and 17:Third-party grading 1040:List of currencies 782:Commemorative coin 772:Coin rolling scams 181:Numismatics portal 1109: 1108: 1079: 1078: 787:Euro starter kits 767:Coin roll hunting 742:Circulation issue 535:pcgscoinfacts.com 531:"PCGS Coin Facts" 1134: 1103:Money portal 1101: 1100: 1099: 1091: 1090: 1089: 941: 849: 807:Mint-made errors 797:History of coins 752:Coin base weight 732:Bi-metallic coin 711: 704: 697: 688: 681: 680: 678: 677: 662: 656: 655: 653: 652: 637: 631: 630: 628: 627: 612: 603: 602: 600: 599: 584: 578: 577: 575: 574: 555: 546: 545: 543: 542: 527: 512: 511: 509: 508: 493: 478: 477: 475: 474: 459: 450: 449: 447: 446: 433:Ferguson, Mark. 430: 421: 420: 418: 416: 401: 395: 394: 389: 387: 372: 363: 362: 360: 358: 342: 336: 335: 314: 308: 307: 305: 303: 288: 282: 281: 279: 278: 263: 252: 251: 249: 248: 233: 227: 226: 224: 222: 207: 197: 192: 191: 190: 183: 178: 177: 176: 105:Leading services 25:banknote grading 19:(TPG) refers to 1142: 1141: 1137: 1136: 1135: 1133: 1132: 1131: 1112: 1111: 1110: 1105: 1097: 1095: 1087: 1085: 1075: 1059: 1023: 977: 945: 932: 886: 850: 841: 720: 718:Coin collecting 715: 685: 684: 675: 673: 664: 663: 659: 650: 648: 639: 638: 634: 625: 623: 614: 613: 606: 597: 595: 586: 585: 581: 572: 570: 557: 556: 549: 540: 538: 529: 528: 515: 506: 504: 495: 494: 481: 472: 470: 461: 460: 453: 444: 442: 432: 431: 424: 414: 412: 403: 402: 398: 385: 383: 374: 373: 366: 356: 354: 353:. 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Index

coin grading
banknote grading
authentication
encapsulation
slab
American Numismatic Association Certification Service
Professional Coin Grading Service
Numismatic Guaranty Corporation
Certified Acceptance Corporation
Walter H. Breen
American Numismatic Association
Certified Guaranty Company
eBay
ICCS
Canadian coins
Professional Numismatists Guild
scale
Franklin half dollars
Morgan dollars
The Overstreet Comic Book Price Guide
Numismatics portal
Money portal
"First coin's authentication service' founded in 1962"
"ANA"



"ANACS"
"About ANACS"
Bressett, Ken

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