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<p>[QUOTE=&quot;IdesOfMarch01, post: 7935988, member: 39084&quot;]As I read the posts in this thread, I wonder if, as collectors of ancient coins rather than investors or speculators in the future value of ancient coins, we fully grasp the implications of submitting these rare and very valuable coins to NGC for grading and encapsulation, rather than sending them to experts for verification of genuineness, or directly to a high-quality auctioneer such as NAC, CNG, or Roma if the owner is interested in their value at an auction.</p><p><br /></p><p>Surely if the owners are concerned only about genuineness, sending them to an expert for a certificate of authenticity would be the most direct route to ascertain this.&nbsp; NGC doesn’t guarantee authenticity so their evaluation is no more useful than that of an independent expert who would provide a certificate of authenticity.</p><p><br /></p><p>Alternatively, if the owners are considering selling them at an auction, contacting NAC, CNG, and Roma electronically with high-quality pictures would be enough to establish (preliminarily) an estimated auction price, assuming the coins prove to be authentic.&nbsp; Any auction house equipped to handle such rare coins would be able to establish both authenticity as well as provide the widest audience of potential <i>collectors</i> if the coins were to be auctioned.&nbsp; NGC doesn’t provide estimated value as one of their services.</p><p><br /></p><p>If the owners wanted them protected by encapsulation, anyone could do that with an Everslab or Quickslab.</p><p><br /></p><p>So, really, what’s the purpose of submitting them to NGC?&nbsp; My personal inference is that the owners plan to sell them and want to attract not only high-end collectors, but deep-pocketed investors and speculators who will bid up the prices but otherwise have no interest in collecting the coins per se.&nbsp; They believe that grading by NGC will increase the appeal to these latter investors and speculators via the commoditization of ancient coin collecting, making it the same as modern coins where one pursues grade rather than the hobby itself.</p><p><br /></p><p>This is not a trend that I welcome.[/QUOTE]</p><p><br /></p>

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