NCG dooped

I recently purchased a couple of NCG slabbed coins on eBay thinking NGC. They are 2016 silver eagles graded ms70 and I paid $36 each. Am I better off breaking them out of the slabs to resell them? I don’t want to do what what’s done to me. I ended up buying three so the learning curve won’t be horribly expensive but still stings.

 

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It's amazing the lengths that scumbags will go to dupe others. So, you've been "formally introduced" to NCG, but you haven't met PGCS yet. As long as someone thinks they can cheat someone else, it will never end.

Chris

 

I’m just starting out and thought I could buy some ASE’s now and sell them in a couple years. I’m buying the ngc ms70’s cuz they are far less expensive than the proofs and will always have the bullion value. Is this a good plan or am I going to be broke soon?

 

You'd be better off breaking them out

 

Sounds like a plan.
Thanks

 

Meow is confused. What?

 

Looks like the entity NCG, by using a company name in the coin grading industry which is exceedingly and confusingly similar to a respected company (NGC) which also grades coins, NCG is taking advantage (by trickery) of the goodwill NGC has built up in the industry because it knows or should know that some percentage of people will think NCG is NGC. Not nice.

Apparently, the OP purchased some coins slabbed by a company named NCG thinking they were slabbed by the well known and reputable company NGC.

Certainly, reselling slabbed coins by NGC would be more easily accomplished than selling coins from an unknown company upon whose grading a coin collector is not going to want to rely. That is why the OP is thinking it is best to remove the coins from the NCG slab. It will be easier for him to sell them unslabbed than slabbed by NCG.

If I were NGC I might want to look into bringing an action against NCG and the people behind it for trademark infringement.

 

OH, thank you. Meow was lost about this post. Thank you for taking that time to educate a CRH Cat. So Meow would guess that the slab looks just like the real thing except it has the letter switched? Now Meow is worried the few NGCs Meow has might actually be NCGs. The Cat Hoard needs some inspection now.

 

I'm not a lawyer, and I never act like one, on here or on TV, but what we have there with those two similar logos is not trademark infringement.NGC is obviously different from NCG. You can't trademark the entire alphabet. You can only trademark your set of letters in your order.
Think about it :
Could ABC TV sue BBC TV ? or NBC TV?
Could CBS TV sue PBS TV?

Whether it's slightly different letters or slightly different placement of the same letters, there is enough difference to not be trademark infringement.

However, you can bet both groups have attorneys who are watching both groups very closely.
One to catch the other crossing the line, and the other to avoid crossing that line.

Another possible legal angle might be fraud. Is the one company purposely, intentionally, and willfully attempting to appear as the other company in order to steal business from them?
That would be a near impossible task to prove it. Even in a civil court where only a "preponderance" (51%) of the evidence is necessary to win.

Again, I am not an attorney and I am not providing legal advice.

 

Interesting and I was wondering the same thing, so I went to take a look. This is what I found. It appears that NGC has, as part of it's registered trademark, included the Letters NGC. But I don't know what else makes up the logo or mark of NCG. I suppose I should go look and have a peek. In the meantime, you might find this interesting.

https://trademarks.justia.com/858/63/ngc-numismatic-guaranty-85863064.html

 

@Hookman - Funny - The only trademark registered for NCG that has to do with metals is this: https://trademarks.justia.com/715/45/ncg-71545512.html

I went looking on ebay for NCG coins (and such) and did not come up with anything except an example of a seller who had a coin slabbed by NGC but put in his title description NCG by mistake (I guess). In fact, if you put in NCG in eBay search, all you get is NGC slabbed coins.

Oh well. It's an issue that won't be solved tonight. But an interesting and meaty one.

 

I can't claim to be a trademark lawyer either.

 

Crack out.

 

Poor investment if plain bullion ASEs. This plus the spotting issues which plague the series. I just took a look at their holder, looks nothing like the NGC.

That is where they'd get in trouble by making a similar holder, which clearly it's not. Says National Collectors Guild in big letters right on the slab.

 

Well, if you don’t start thinking before you buy it’s probably safe to say that going broke is much more likely.

 

I’m certainly not trying to defend my mistake. I will break them out upon receipt and appreciate the discussion. I have learned far more than I lost. Thank you all

 

If they were the ones with the auction title 2016 Silver Eagle NCG MS70, contact eBay Customer Service. That title flatly violates eBay's policy, which states that you can't claim a numeric grade on a coin unless it's from the approved TPGs (PCGS, NGC, ANACS, ICG?) -- and the seller is still at it.

Yeah, you need to be more careful before pulling the trigger, and you're a stand-up guy for deciding to take your lesson -- but this guy needs to be corrected. Having eBay force him to accept returns, at his expense, might help him get the message.

 

If you think these will be an investment, you will not be pleasantly surprised.
Look what happened to the people that thought they'd get rich on State Quarters.

 

Yea it's those four as they all have their own search boxes under certification on the left and by extension PCGS CAC and NGC CAC as well.