NGC Gold Coins at Provident Metals
In the world of coin certification, two names stand tall. One of those two is the NGC, otherwise known as the Numismatic Guaranty Corporation. Founded in 1987, the NGC is a third-party coin grading service that is independent of any private sovereign mint. With well over 58 million coins graded, they’re one of the most trusted names in the world of coin-grading providers. Learn more about NGC Gold Coins, right here at Provident Metals.
The NGC uses a grading scale called the Sheldon Scale. This scale grades coins from 1 to 70 with 70 being a perfect specimen. In theory, a coin with a grade of 70 is worth 70 times more than a coin with a grade of 1. This scale was created by Dr. William Sheldon in 1948, a renowned numismatist.
The NGC prefaces every grade they give out with two letters. These are defined as the following:
- Mint State (MS): Identifies a coin struck in the same format as circulation coins. Coins with a grade of 60-70 are prefaced with MS.
- About Uncirculated (AU): Identifies a coin with a grade of 50-59.
- Extremely Fine: (XF): Identifies a coin with a grade of 40-49.
- Very Fine (VF): Identifies a coin with a grade of 20-39.
NGC Specific Terms
The NGC uses specific terms and labels to further identify and evaluate coinage. While some terms are industry standard and are used by others, the NGC also has terms specific to just the NGC.
- Early Release (ER): Coins with this designation mean that they were received by the NGC within 30 days of the coin being issued.
- First Day of Issue (FDOI): Coins with this designation mean that they were received by the NGC within 24 hours of the coin being issued.
- Proof (PF): Indicates that a coin is a proof strike.
- Ultra Cameo (UCAM): Term reserved for proof coins. These coins have a strong, frosted finish with a mirrored background finish.
The NGC has a simple and effective process to make sure every coin is graded properly and returned to you unharmed. The NGC receives your coin and then takes each individual coin under an extensive grading process. This includes examining the coin under a 5x magnification. At least two numismatists grade every single coin. Once the coin has received its grade, it goes under the encapsulation process. Each coin is packaged within an NGC protective slab indicating its grade. The coin and the accompanying capsule are shipped back to the owner of the coin.
Popular NGC Gold Coins
- Chinese Panda Gold Coins: These coins are extremely popular in the certification world due to their diversity. Each annual release in this coin program features a unique image of a panda on the reverse. These coins are available in a number of sizes, originally in Troy oz, now in grams.
- American Eagle Gold Coins: The official gold bullion coin of the United States is among the best-selling gold coins in the world today. As such, it’s a popular NGC item as well. These coins are available in sizes such as 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
- Pre-33 Gold Coins: These coins represent all gold coins produced before 1933. As such, there is a lot of variety in terms of unique designs when it comes to Pre-33 Gold. The NGC can help identify which coins are rarer and more valuable.
- US Commemorative Gold Coins: The US Mint regularly releases special commemorative coins to honor significant and historical US events. Since 1982, the US Mint has released at least one commemorative coin every year with the exceptions of 1985 and 2023.
Buying NGC Gold Coins at Provident Metals
For any inquiries about these NGC Gold Coins, the customer service team at Provident Metals is just a phone call away. Don’t hesitate to call our toll-free number of 1-800-313-3315 with any questions you may have. Additionally, our team can be reached via email or through our online chat feature as well.