When did NGC start slabbing private mint bullion?

Discussion in 'Bullion Investing' started by Gam3rBlake, Feb 25, 2021.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    I was on JMB and I saw this 2 oz silver Egyptian Gods: Osiris silver round minted by Silvertowne and I was surprised because I've never seen NGC or PCGS grade/slab a coin minted by a private company.

    Is this something new? Or does anyone know what's going on with this?

    Thanks :)

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  3. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    They have been doing this for sometime now you don't see them because there always incognito.
  4. expat

    expat Remember you are unique, just like everyone else

    -Agreed, for quite a time. The Franklin Mint, for example, produces coins for a large number of countries and all can be graded and slabbed. Here is an example, not mine, and you can see the FM in the text on the slab.
  5. Gam3rBlake

    Gam3rBlake Well-Known Member

    That's different though because they're doing it on behalf of a nation. Like they have a contract right?

    Idk it seems strange to me that NGC is grading this stuff. Does PCGS do it too?
  6. baseball21

    baseball21 Well-Known Member

    They all do it to some extent
    GoldFinger1969 likes this.
  7. Gam3rBlake

    Gam3rBlake Well-Known Member

    Weird. So like if I made my own silver round they would grade and slab it for me?
  8. baseball21

    baseball21 Well-Known Member

    You no, but if you became a well know company then yea there’s a good chance at least one would
    GoldFinger1969 likes this.
  9. hotwheelsearl

    hotwheelsearl Well-Known Member

    Dan Carr produces private medals (in ADDITION to the "coins")
    TPG will grade the bullion medals that he strikes

    If you get as famous as DC, then sure NGC will slab whatever you make, probably
    GoldFinger1969 likes this.
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    They started doing this when they found out they could make money certifying them. You must be a well known reputable company.
    GoldFinger1969 likes this.
  11. Gam3rBlake

    Gam3rBlake Well-Known Member

    So what exactly are the criteria to become "well known"?

    That's kind of what confuses me the most.

    How does NGC decide what to slab and what not to slab?

    Surely there must be some sort of criteria.
    GoldFinger1969 likes this.
  12. baseball21

    baseball21 Well-Known Member

    It’s whatever they want really, but generally anything in a reference guide will get slabbed. There’s no checklist to it, it’s their discretion in terms of privately made things
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Check out the National Park Saint-Gaudens commemoratives.
  14. 3_Legged_Sam

    3_Legged_Sam New Member

    I bet if you offered either PCGS or NGC enough money they'd grade an slab anything you submitted.
    Tater likes this.
  15. baseball21

    baseball21 Well-Known Member

    Nope. Not how that works with them.
    GoldFinger1969 likes this.
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They won't slab obscene or criminal momentos.

    What BB21 and others are saying is that non-legal tender commemoratives -- private coins, so to speak -- are collected, are considered artistic, and if they have a BIG ENOUGH following, will merit consideration for being graded.
  17. FryDaddyJr

    FryDaddyJr Junior Member

    what's the point of slabbing bullion?
    Tater likes this.
  18. 3_Legged_Sam

    3_Legged_Sam New Member

    I'm just saying money talks and I they're a private for-profit company. Offer them enough money and they'll slab anything. If I paid them enough they'd create and slab a classic car. Or baseball card. Or whatever I wanted them to. Money trumps principles when it's great enough.
  19. 3_Legged_Sam

    3_Legged_Sam New Member

    Beyond validation of PM content, I have no idea.
  20. baseball21

    baseball21 Well-Known Member

    And again youre WRONG
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    What's wrong with grading something even if it isn't an old or modern coin ?

    You have a problem with comic books....memorabilia....etc. ?
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