NGC and ACAB - anybody know what's up?

Discussion in 'Coin Chat' started by Burton Strauss III, Feb 19, 2024.

  1. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Just received a weird email from NGC

    "NGC Offers Free ReHolders for Coins with the ACAB Red Dragon Label"

    It was news in 2017 when NGC formed "NGC ACAB": https://www.ngccoin.com/news/article/5844/NGC-Advanced-Chinese-Authentication-Bureau/
    Kind of interesting that the news release is on the same date as this: https://www.ngccoin.com/news/article/12639/
     
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  3. Neal

    Neal Well-Known Member

    Sounds like there's been a bunch of fakes using their older holders.
     
  4. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Except their "older holders" are just standard NGC holders with a specific label.
     
  5. Neal

    Neal Well-Known Member

    True, but why would they offer, or anyone want, a newer label unless somehow, somewhere, someone had caused a loss in confidence in the older label? These are Chinese coins, and the Chinese seem to be the world leaders in such behavior.
     
    Tater likes this.
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