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Re: [Colonial Numismatics] NGC to Certify Colonials

C4 Colonial Coins Yahoo Group (1/31/2003)


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From njraywms@optonline.net Fri Jan 31 14:14:14 2003
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Date: Fri, 31 Jan 2003 17:16:43 -0500
Subject: Re: [Colonial Numismatics] NGC to Certify Colonials
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From: Ray Williams <njraywms@optonline.net>
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Yes Mike,
I still remember the letters to the editor of Coin World and Numismatic
News. I had a couple in there too. I might still have those clippings. We
were unable to discourage slabbing colonials back then and I don't think it
would be good business sense for NGC to let PCGS get all the colonials. The
times they are a changin'... I even exhibited at several conventions against
slabbing colonials. I had a Maris 42-c slabbed and compared it to your lot
description . I summarized be stating that slabbing colonials is like
slabbing a 1909 Lincoln Cent without making mention whether there's a mint
mark or designer's initials...

Ray


----- Original Message -----
From: <mhodder@theworld.com>
To: <colonial-coins@yahoogroups.com>
Sent: Friday, January 31, 2003 4:51 PM
Subject: Re: [Colonial Numismatics] NGC to Certify Colonials


> I wonder if anyone remembers...when NGC and PCGS announced they'd be
> slabbing colonials, years ago, I and many others objected vehemently, in
the
> press. PCGS claimed to have scores of years grading experience with
> colonials and to have seen them all, blah blah blah. NGC, on the other
hand,
> acted like gentlemen and decided not to slab a series as difficult as
colonials.
> I still have the letter from NGC stating they wouldn't be slabbing
colonials.
> Sigh, I guess times have changed, huh?
>
> Mike H
> =========================================================
> --- In colonial-coins@yahoogroups.com, Ray Williams <njraywms@o...>
> wrote:
> > Hi Dave!
> > It's a shame but you can't blame NGC. Their business is to slab
coins
> > and when they see their competitor slabbing colonials and they're not...
> > It's only a business venture. Sure, we don't care about what the
plastic
> > says but the plastic may make it easier for a cautious novice to enter
our
> > hobby. It might also take coins that should be in our collections and
place
> > them in the bank vaults of accumulators and investors. I have nothing
> > against free enterprise by accumulating and investing, but I have a
respect
> > for all of you on this group who study, admire and love this hobby.
Sure
> > there's money to be conscious of... I'll stop rambling there. Let's
see
> > how NGC does and see who is attributing their coins...
> >
> > Ray W
>
>
>
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