Leading Coin Certification Services Featured at MidAmerica Coin Expo

2009-06-15 06:53:20 - The MidAmerica Coin Expo on June 25- 29, 2009 will feature the two leading rare coin certification firms, Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) at the Schaumburg Renaissance Hotel and Convention Center in Schaumburg, Ill.

Iola, WI (June 15, 2009) -- A seller's accurate representation of the specific quality level of a numismatic item is a significant consumer confidence/consumer protection issue in the numismatic trade. Rare coin certification services assist collectors by providing an independent evaluation. Both services will accept coins for certification at the Expo, where they will grade them and place them in a sonically sealed holder with a grade certificate attached.

Subtle nuances of condition can cause very significant differences in market value. The certification firms enter into the picture by providing an unbiased third party opinion as to the actual condition (grade) of a coin, thus removing the self-interest of the seller from the transaction. The seller can then offer a coin as being "PCGS Gem 66" and buyers can be confident that the dealer is not misrepresenting the item by exaggerating its condition.

"Third party certification has established numismatics as a main stream avenue of wealth storage and has brought the benefit of liquidity and a wider marketplace to the numismatic trade, as new participants have been attracted by the greater assurance of quality and authenticity third party certification provides," says convention chairman Kevin Foley. "We are especially pleased to have these two pioneering firms in the rare coin certification business participating in our event this year."

The 28th Annual MidAmerica Coin Expo will feature a 150-booth bourse area drawing dealers from 26 states. The New York City auction firm Stack's will conduct a single session sale beginning at 4:00p.m. on Thursday, June 25. Auction lot viewing will open on Wednesday, June 24. Details about the Stacks auction can be found on the firm's website, www.stacks.com. In addition to the Stack's auction, Heritage (www.ha.com) will hold a special auction preview viewing of the lots it will be selling in West Palm Beach, Fla., during the Summer Florida United Numismatists Convention.

The MidAmerica Coin Expo Professional Preview will be held from 10 a.m. - 6 p.m. on Thursday. At that time, collectors and dealers without booths may gain access to the bourse floor in advance of the general public for a $75 registration fee. Public hours are Friday and Saturday from 10 a.m. - 6 p.m.and Sunday from 10 a.m. - 1 p.m. A two-day pass valid Friday and Saturday is $5. Admission on Sunday is free. Show attendees may take advantage of special room discounts at the Schaumburg Renaissance by calling the hotel at (847) 303-4100 and asking for the $135 MidAmerica Coin Expo rate.

Numismatic News, an imprint of Krause Publications, sponsors the MidAmerica Coin Expo. Dealers interested in bourse space should contact Kevin Foley at (414) 421-3484 or kfoley2@wi.rr.com.

For more information on the MidAmerica Coin Expo, including a list of Bourse table holders, visit www.midamericacoinexpo.com.


Media contact:

Beth Mauro (215) 504-9766
Beth.Mauro@fwmedia.com

Kevin Foley: (414) 807-0116
kfoley2@wi.rr.com