Home » Antiques and Collectibles » Coins Shopping » Certified Coins Shopping » Robert S. Riemer Robert S. Riemer in Antiques & Collectibles Suppliers Directory

The concept of certified coins came about in the 1970s. The American Numismatic Association (ANA) a national collector/dealer organization started a grading service called American Numismatic Association Certification Service (ANACS). They were one of the first companies to certify coins, with a third party unbiased grading opinion, while authenticating the coin; and why was this necessary? Before the concept of certification, counterfeit and altered coins were not unheard of in the marketplace. Collectors and investors, needed a way to safeguard their collections, and investments. Thus, certified coins became an important facet of of the rare coin market. In the 1986 PCGS (Professional Coin Grading Service) followed a year later by NGC (Numismatic Guaranty Corporation), started to grade and authenticate coins, but they placed their coins in protective plastic holders, nicknamed slabs. Thus, was born the current version of certified coins. Certified coin grading has dramatically changed the coin market! The changes have been a positive for the collector, as well as dealers. If a coin is certified, the respective company guarantees the authenticity as well as the grade of that coin. So that beginning collector has some guarantees, until such time as his own grading skills could be honed.

 

Address: Robert S. Riemer, 65 High Ridge Road, #529, Stamford, CT 06905-3800
Telephone: (203) 359-2646
Fax: (203) 256-0075
Website: http://www.rsrcoins.com/