Certifying banknotes: What is it, why is it important and how to certify them?
In the world of notaphily, banknote certification plays a crucial role in both collecting and investing. This process involves expert evaluation, authentication, and encapsulation of banknotes by specialized companies. The result is enhanced security, greater transparency, and a significant boost in the banknote’s market value.
Having certified banknotes makes collections more attractive and greatly facilitates the buying and selling process.
Below, we explain what certification is, why it is crucial and how to get it done with one of the most reputable companies in the industry: NCV Grading.
What is banknote certification?
Banknote certification consists of a professional analysis performed by notaphily experts, who verify the authenticity, condition, and other relevant characteristics of each piece. Once evaluated, the banknote is encapsulated in a rigid and transparent capsule, accompanied by an informative label detailing aspects such as the country of issue, the year, the issuer, the catalog number (Pick), its condition degree and a unique registration code.
This process not only physically protects the banknote from external factors such as humidity, dirt or wear and tear, but also registers it in a database, making it difficult to prevent fraud or subsequent alterations.
Why is it important to certify banknotes?
Banknote certification offers multiple advantages for both collectors and those looking to invest in numismatic pieces:
- Authenticity guarantee: Certification ensures that the banknote is genuine, avoiding the risk of acquiring counterfeits or altered pieces.
- Physical protection: Encapsulation protects the banknote from deterioration, preserving its condition for years and preventing accidental damage.
- Market value: A certified banknote is usually in higher demand and can reach higher prices in the market, as buyers trust the impartial evaluation of a recognized company.
- Facilitates buying and selling: Certification provides an objective and universally accepted criterion on the condition of the bill, which makes transactions easier, especially in distance or international sales.
- Registration and traceability: Registration in databases with a unique code makes it difficult to “change” and allows it to be registered.
- Transparency and trust: appraisals by an impartial third party adds transparency to the process and gives confidence to both the seller and the buyer.
How to certify banknotes with NCV
The process for certifying banknotes with NCV Grading is simple and safe:
- Preparation and shipping: The collector must prepare his banknotes, fill out a packing slip (available on NCV’s website) and send the package to the company’s facilities, making sure to include all the required data.
- Reception and verification: Upon arrival at NCV, the contents of the package are verified to match the description on the packing slip and an initial photographic documentation is made. The receipt of the same is communicated.
- Analysis and grading: NCV experts perform a double evaluation of the banknote, determining its authenticity, condition and possible restorations.
- Encapsulation and labeling: Once graded, the banknote is encapsulated in a rigid sleeve and a label is added with all relevant information.
- Registration and return shipment: The certified banknote is registered in the NCV database and carefully prepared for return shipment to the owner.
NCV offers very competitive rates, speed (average time of 35 days), proximity, personalized attention, safety and trust… So now you know: if you want to certify your banknotes and give them an added value, you can count on NCV. In our web site you will find all the information you need, from the fees to how to order.
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