Numismatic Guaranty Corporation
April 2003  
1. NCS-Certified Binion Silver Dollars at Auction
2. NCS & NGC Announce Internship
3. WARNING! Uncertified Coins Require a Closer Look



May 1-3
Central States Show
America's Center
St. Louis, MO

May 28 - June 1
Long Beach Coin & Collectibles Expo
Long Beach Convention Center
Long Beach, CA

July 28-29
Baltimore Convention Center
Baltimore, MD


NCS-Certified Binion Silver Dollars at Auction

NCS Details Graded coins, including several hundred silver dollars with the Binion provenance, were auctioned in Teletrade’s new series of Sunday Auctions beginning April 27th.

Teletrade’s Sunday Auctions feature NCS Details Graded and Genuine Only encapsulated coins. Held every Sunday, these auctions give buyers and sellers a tremendous opportunity to trade NCS-graded coins as well as bid on coins from the famous Binion collection.

“We are very pleased to see Teletrade host these auctions of NCS-certified coins,” says Brian Silliman, NCS Assistant Director of Operations. “It speaks volumes to the popularity and market acceptability of our product. We are also proud to have been selected to certify coins from the Binion collection.”

Uncertified coins can be submitted to NCS for certification and then sent to Teletrade on behalf of the submitter. Coins that have already been certified by NCS can be sent to Teletrade directly. For information on how to have coins graded and consigned to Teletrade’s NCS auction, visit

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WARNING! Uncertified Coins Require a Closer Look

There can be great opportunities in uncertified coins, but they also come with significant risks. More than anything else when buying uncertified coins, you need to look very carefully at the surfaces, especially when toning or residues are present.

Some dealers and collectors have begun buying uncertified coins that are discounted due to residues, unsightly tarnish or other foreign materials with the idea under the residues lay beautiful, eye appealing surfaces that will be made visible by conservation.

While this is true in many cases, sometimes an expensive but important lesson is learned instead – a lesson about how tarnish and residues can hide more significant problems.

One of the more common techniques used to hide problems is to apply residues such as PVC or oils to the surface of the coin. By doing this, minor blemishes and even severe hairlines can be obscured enough that, if not looked at carefully, they may be missed.

Another frequent problem that we are encountering involves tarnish, which can also hide significant surface problems. This type of toning may be intentionally applied to the coin or may develop as a result of the improper cleaning that it now obscures.

In either case, the best way to catch these problems is to look at the coin carefully under the correct light. We recommend a 75 to 100 watt incandescent bulb. By doing this, the luster reflects the light and impairments become much easier to see.

If you look carefully at the surfaces of your coins and use the ideal lighting when doing so, you should be able to spot and avoid purchasing coins with hidden problems.

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Collectors Society

NCS & NGC Announce Internship

NCS and NGC are proud to announce the start of a new internship program for aspiring numismatists this year.

Successful candidates will work at both NGC and/or NCS alongside some of the most experienced and knowledgeable numismatists in the hobby. The internship is open to individuals of at least 18 years of age who have suitable numismatic experience.

Most important is a desire to learn new skills and develop as a numismatist.

“This is a tremendous opportunity to develop skills in variety attribution, authentication and grading,” says Brian Silliman, NCS Assistant Director of Operations. “The successful candidate will be working with our professional authenticators, conservators and graders in what we feel will be the most comprehensive internship in the hobby.”

The internship will be held at NGC headquarters in Sarasota, Florida. NGC and NCS will provide lodging and a stipend during the internship, which is tentatively planned to consist of 8 to 10 weeks of hands-on training and work experience. The internship will either be held during the summer or fall of 2003, depending on the successful candidates’ schedules.

To apply for this internship, send a resume and letter of interest describing your numismatic background and goals to Amy Lorenzo, Certified Collectibles Group, Human Resources Manager at P.O. Box 4776, Sarasota, FL 34230 or by email to

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