Is this a legitimate coin slab? I can't find any information on the grading company NCG. The slab looks bogus to me. And if the slab is bogus, that makes the coin suspicious.
NCG was a bottom feeder in the TPG game and tried to capitalize on the name, which could fool people into thinking it was an NGC slab. They were known to be “generous” with their grading standards. The holder looks like a legit NCG holder, but you should ignore the grade and treat it as a raw coin.
I agree. NCG slabs do fool folks. They had to know it would happen. The plastic holder is not all that bad. Get rid of the label and it makes a nice safe holder.
Not only is the slab a fake. The NCG Serial Number is fake and not registered. Most likely the coin is Chinese made. The market is flooding with fakes from China and the US Mint does nothing to stop it.
Slab isn't fake and it's not a NGC cert#. Of course NCG (note the sequence of the letters) is HOPING you get confused and buy it as an NGC coin...
There have been at least three different companies that have used the NCG initials. This is from the third company and they are a fourth tier self slabbing service.
1. PCGS and NGC 2. ANACS and ICG, SEGS if you like them 3. At least it's sonically sealed, has a website and been in business since before last Tuesday. The chief grader has actually seen more than six coins in his/her life (not counting change deposited in the coinstar) 4. "Slab" is not sealed, uses coin world or no-name slabs, a self printed Avery label, has no presence on the web (or a Wix web site), a PO box, no names and accepts cash deposited with a guy named Tank or Bubba. The grader has only one eye which - if he could only find his glasses - can be corrected to 20:150. a/k/a - with apologies to squirrels - blind Squirrel grading (bgs)...
What I usually do when buying a slabbed coin is: first I check the NGC or pcgs number to make sure it matches up and checks out as a legit serial number on their website , secondly I review the coin with the ngc or pcgs photo on their website looking closely for any particular or obvious bag marks or other luster marks or detail that may match up to the coin. Third look at the position of the coin relative to its holder and compare it to the one your buying or have bought it should be positioned almost exactly the same (slight tilt, date lines up with edge, etc) and fourth look at the holder itself for imperfections and compare it to the holder they are selling look fore particular scratches or maybe a spot of dust that was sealed with the coin. Note the speck of dust at the two o’clock position on the holder and the 4 on 1994 in relation to the holder. This coin in my photos is not bogus! Just sad we have to be this cautious anymore when buying a coin I hope this helps !
The photo is useless for figuring out if it's legit. Need to see the entire slab. Possibly a side view. E.G.NGC slabs have a distinctive edge from the sealing process.
NCG is a "grading company" used by AAC-TV, formerly AAN-TV, who also used NCG plastic holders. Grades are typically perfect 70's of course for modern coins. Whatever the client wants them to grade. Just saw AAC the other night feature a non-graded NCG coin, which was a 1 Oz Trump .999 Fine Silver round for $45.45. Stay far away from NCG slabbed coins.
Perhaps someone with a legal background could explain this: couldn’t NGC (the legitimate company) pursue an infringement claim against NCG (the company trying to fool people). I do believe there have been successful claims against companies that deliberately mirrored the name of a well-known company.
Who do you sue and do they have enough assets to chase? Trademark infringment is a nasty corner of the law.
