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In a deal the company brokered, a Wall Street investment firm bought the coin for $7.4 million, one of the highest prices ever paid for a gold coin. [12] Struck by a private goldsmith before the U.S. Mint existed, [13] the coin is among rarest and most desirable of all U.S. coins. [14] In 2016, Blanchard and Company, Inc. acquired coins from ...
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James U. Blanchard III (November 10, 1943 – March 19, 1999) was an American dealer in rare coins and precious metals, active in the movement to legalize private gold holdings in the United States. [1] He was the founder of Blanchard and Company, a precious metals investment firm.
Coin grading [1] is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several grading systems have been ...
Third-party grading (TPG) refers to coin grading & banknote grading authentication, attribution, and encapsulation by independent certification services.. These services will, for a tiered fee depending on the value of the coin, "slab" a coin and assign a grade of 1–70 on the Sheldon grading system, with 1 being the lowest grade, with only faint details visible to 70, a practically perfect ...
The lawsuit was filed against the two coin grading companies: Numismatic Guaranty Corp., (NGC) based in Sarasota, Fla., and Professional Coin Grading Service, (PCGS) of Newport Beach, California. [4] In 2007 NGC settled the lawsuit by paying money to collectors and the attorneys. They also designated 447,500 dollars for consumer education. [5]
Coins with untouched original surfaces are generally more desirable than those that have been cleaned, although lightly cleaned coins with no damage done may still receive a normal coin grade. Improper cleaning can result in a coin's surface being damaged beyond repair, which is why expert attention is needed for potentially valuable coins.
Professional Coin Grading Service (PCGS) is an American third-party coin grading, authentication, attribution, and encapsulation service founded in 1985. The intent of its seven founding dealers, including the firm's former president David Hall, was to standardize grading.