Rick Montgomery, president of Numismatic Guaranty Corporation, visited the offices of Universal Coin & Bullion in Beaumont, Texas, Oct. 6 to meet with the company’s sales staff and discuss the importance of third-party authentication and grading for consumer confidence and asset liquidity in the numismatic marketplace.
He explained the processes NGC uses to evaluate coins and said his company now is examining an average of 125,000 coins each month. He also said NGC is working to remove counterfeits being made in China and sold in the United States from the marketplace.
It was Montgomery’s second visit to Universal Coin & Bullion but not the second time he’s met with the company’s president, Michael Fuljenz.
“Rick and I worked together in the 1980s as graders at ANACS [then the American Numismatic Association Certification Service], and we taught grading and counterfeit detection classes together for collectors, dealers and even Secret Service and FBI agents,” said Fuljenz.
“Rick is one of the foremost rare coin authenticators and graders in the country, and we were honored to have him visit. We sell a lot of NGC-certified coins and respect their products.”
For more information, contact Universal Coin & Bullion at (800) 459-2646, or visit online at www.universalcoin.com.