Cryptocurrency Q&A What does NGC do with counterfeit coins?

What does NGC do with counterfeit coins?

SolitudeNebula SolitudeNebula Thu Oct 17 2024 | 5 answers 1056
I don't understand this question. Could you please assist me in answering it? What does NGC do with counterfeit coins?

5 answers

JejuSunshineSoul JejuSunshineSoul Sat Oct 19 2024
To determine a coin's authenticity, NGC Ancients relies on a comprehensive evaluation conducted by its in-house experts and, when necessary, external consultants. This rigorous process involves thorough research and analysis to ensure that each coin's origin and authenticity are accurately verified.

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Isabella Isabella Sat Oct 19 2024
In cases where the authenticity of a coin cannot be conclusively ascertained, NGC Ancients takes a conservative approach. Rather than risk assigning an inaccurate grade, the company labels such coins as "Authenticity Unverifiable" and does not encapsulate them.

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Riccardo Riccardo Sat Oct 19 2024
This policy underscores NGC Ancients' commitment to transparency and accuracy in its grading services. By refusing to encapsulate coins of uncertain authenticity, the company maintains the integrity of its grading system and protects collectors from the potential pitfalls of investing in counterfeit coins.

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Margherita Margherita Sat Oct 19 2024
Additionally, NGC Ancients applies the full grading fee even in instances where a coin is labeled as "Authenticity Unverifiable." This policy ensures that the company's evaluation process remains financially sustainable, allowing it to continue providing high-quality grading services to collectors and investors alike.

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Caterina Caterina Sat Oct 19 2024
NGC Ancients, a renowned grading service for ancient coins, adheres to strict standards of authenticity in its evaluation process. The company prioritizes the genuineness of each coin it examines, ensuring that only those deemed authentic are granted a grade.

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