50 Million Certified Coins - NGC

NGC Celebrates 50 Million Coins, Tokens and Medals Certified

https://www.ngccoin.com/news/article/9226/ngc-certifies-50-million-coins-medals-and-tokens/

I have a few hundred. But I lost count

How many do you own?

I know a few of you detest slabbed coins so there's no need to answer

 

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Don't know never keept count.Here's my favorite i did way overpay lol a bin is tempting.

 

Thousands of coins... zero slabs so far.

I think TPGs provide a valuable service, and I'm glad they exist.
But for low-end world coins the slab would often cost more than the coin.
I might slab a few to make them easier for my kids to sell some day, but
I'd rather invest the money productively in the mean time.

Might slab this one some day...


Probably not this...

 

Why not this?

 

I don’t like the white in their slabs as it hides the coin more than the clear plastic slabs of PCGS and ANACS.

 

I doubled up my slab count this year, I'm at 6 now.

 

I'll just say I have a few. NGC was really smart to grade stuff that others would not touch. They have been very kind and friendly to me over the years. I have enjoyed the NGC coin forum for almost 20 years.

 

Congratulations NGC! Business is good. They have averaged one million, four hundred and seventy thousand, five hundred and eighty coins per year. That comes out to an average of Twenty eight thousand two hundred and eighty a week. Business is real good.

 

My latest.

I probably have less than a dozen. I'll add them up tomorrow.

Z

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That's about 4,000 a day. Even more if they're closed on Sundays and Holidays.
That is more coins than I could ever want to deal with.

As for slabs, I don't have an exact count but I would say it's more than 20 but less than 50.

I agree with Eidolon : If it costs more to slab a coin than it did to buy it, then that coin will remain unslabbed.

(Don't you hate autocorrect sometimes? Just now autocorrect changed unslabbed to unsalted....both times I typed unslabbed. Now it's 3 times. Maybe autocorrect has a point.......my coins are unsalted.)

 

Dang, I was close. Just went through my spreadsheet. I have the following:

• NGG - 11
• ANACS - 38
• ICG - 2
• SEGS - 2
• NNC - 2
• PCGS - 0

 

The forgot the part in celebration all members get coins graded half price in the month of July

 

And Insiders figure is a AVERAGE number. If their early years they weren't receiving anywhere near that many coins per year, so now they have to be receiving significantly MORE than that average figure

 

I've busted out about 7 or 8 NGC slabbed coins. So 50,000,000 - 8 = 49,999,992 coins remain in slabs!

 

I was on a Delta flight and the cabin attendant announced that it was the 50th anniversary of the founding of the airline. I asked if we got free drinks or something. No, we're just bragging about the anniversary.

 

I've busted out a lot more than that!

 

I have to wonder if Great Collections is in league with NGC. The problem with GC is that when coins are sent to them, they are slabbed and sold and ya don't get them back.

 

I can not match you paddyman. I'm going through my inventory spread sheet and stopped at 34 NGC's. I have more ANACS, PCGS, and other legitimate off shoot TPG's than NGC. Like you and others I'm still in the hunt!

 

And generally using those numbers that's nearly 7 coins per minute in a 10-hour day without figuring breaks, lunch, sick and other days off, etc...evaluated, discussed/consensus, graded, finalized and slabbed plus other of packing/shipping, special coins/holders, everything you can think of (and I can't), et al. While understand more than one team of graders is working concurrently (how many?), it's really hard for me to figure how they do it with any/much consistency of accuracy/quality control, etc. Nothing on NGC...I just can't figure it. If anyone knows, do they and the others work two shifts (would almost seem mandatory)...?

 

I guess while the senior guy spends 1-2min on a classic coin, a couple of junior graders take care of the bulk submissions (moderns)… head - 69, head - 69, hey tails this one is a true 70! :-D