Opinions on NTC 2?

I am personally someone that loves uncertified coins, and often puts them in 2x2s with a grade, attempting to be quite conservative. There are some coins, though, that I could get holdered and still make money on, but my question to you guys is if I should take a coin that I wouldn't lose much on (like a MS67-68 RD penny from a box) and send it to NTC.

I haven't seen very many NTC 2 slabs on the Internet, and I wonder if they're still in business. Their website is still up, but I'm not too sure how many people respect their grading. I personally respect grading from PCGS, NGC, ANACS, and ICG, with certain PCI holders as well.

Basically, my question is: would I be crazy to give NTC 2 a try and see if their grading is accurate?

 

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Yes

 

Totally

 

Only one way to find out.... you've been told the stove is hot, gonna touch it?

 

Hey, you may even get an MS70 grade from them if you ask nicely.

 

Guessing you could count them on a closed fist.

 

I would never touch a hot stove for anything, to be honest. I remember that it hurt for a while when I touched one (I was about 6 at that time). I would like to find an NTC slab first, and then see how well their grading goes.

I don't know about NTC doing that, but I bet I could if I sent it to NNC. There are a lot of NNC slabs that seem to have overgraded coins, some of which are at one of my LCS's with the proper grade.

I have seen some accurately graded coins from basement slabbers, though, like a 1971-S Lincoln cent graded MS66 RD by PNCS (Professional Numismatic Certification Service), which I assume went under a long time ago.

I could count all of the NTC slabs, both original and NTC 2, on a closed fist. I think part of it is due to the fact that places like Ebay won't allow those coins.

 

Why? Do you think they undergrade?

I think Ebay allows it, just that they can't claim it is "certified"

 

I'd be interested in what you find out... I track (casually) all of the "companies" using the NumisTrust holder (I'm over 20 at this point).

NTCII has done some interesting samples over the years. Their slabs & labels had some cross-over (leftover stock?) from the predecessor company. The website has a 2016 copyright date. Their last Facebook post was March 2023.

The shop and eBay listings seem to be current.

 

I truly don't have much of an opinion on them. That also goes for CAC, but I've never seen a slab of theirs unlike NTC slabs.

I wonder if the NTC holder could be cracked open and resealed? I have seen companies like PGS/IGS using it, and one company called PGA appears to be using it.

Also, eBay listings? I assume that you mean NTC on Ebay.

 

No, the person on the NTC website also owns coin shop and they are listing on fleaBay.

 

And that's it right there; the same problem Star Grading Service had. If you sell the coins you assign a grade to, you're flat out not a third-party grader, by definition, period.

 

Fuzzy lines, you can be a TPG to others, while also slabbing your own coins. Or you can be just an FPG.

 

I wouldn't pay money to have them grade anything. I do look at the coins in their slabs, just to see if they missed the grade on the low side, or to see if there is a variety not labelled.
I have picked a few recently for cents on the dollar from dealers.

 

By definition you're not a third party grader if you have a direct financial stake in what the coins grade (in other words, if you're selling the coins you assigned a grade to). That's not just my personal opinion; that's what "third party" means. That's a very solid line, not a fuzzy one. I would argue if you'd give a submitter any grade they asked for you're also disqualified, but that's harder to prove, grading opinions being subjective and all. But whether or not you even qualify as a third party is completely objective.

Not saying I would never buy anything from self-slabbers (heck I've even bought a SGS coin once, even if I did immediately break it out of its "slab") but as far as I'm concerned I treat them as raw coins, ignore what they claim the grade to be and judge for myself, and wouldn't pay a penny over what that coin would sell for raw.

 

eBay will let you sell coins graded by anybody, but if it's not a TPG that meets their standards (so far that only includes PCGS, NGC, ANACS, ICG; CAC would probably qualify once they start doing their own grading) you can't sell it as "certified" anywhere in the listing.

 

I wasn't saying that. I was saying that there were coins graded for 3rd parties AND coins that may have been graded for the 1st party.

 

I think you also can't put a specific grade in the listing nor have an image of the grade on the slab. Not that they enforce it much.

 

Correct

And correct

Also, CACG is now approved, the count is 5.

 

Speaking of CACG, I finally saw one of their slabs today! It was at a local coin club auction for a 2024 MS70 ASE, and while I got outbid on it, it was quite awesome.

Best words said all day. I was looking at an XF Barber quarter just a few minutes ago and it was an NNC XF45.