If this is the results of the NGC STAR you can keep it!
WWBillman
Posts: 900
No wonder all the dealers are promoting the NGC Holy Star. I just received a mailer from a very high end dealer of mainly proof coins a lot of people here buy from today. He lists for sale;
1. 1974S Eisenhower Dollar PCGS MS68, BRILLIANT, stunning superb gem w/exceptional eye appeal, flawless, ect ect ect $295.00
2. 1974S Eisenhower Dollar NGC MS68* Star!, BRILLIANT HIGHEST GRADE - 1 of only 2 EXTREAMLY RARE, close to perfection, knockout quality ect ect ect $1500.00
GIVE ME A BREAK! Talk about selling the holder. Who in their right mind would spend $1500.00 for a Holy Star. On top of that this coin is not even close to falling into the rare catagory.
As I suspected the Holy Star is just another gimmick dreamed up to doop collectors into buying a holder based on the opinions of a very few. No thanks.........
Edited to add the other listings in their mailer I did not see before.
All Eisenhower Dollars
1976S PCGS MS68 @ $950.00 and then a NGC MS68* @ $2500.00
1973S PCGS MS68 @ $295.00 and then a NGC MS68* @ $900.00
1972S PCGS MS68 @ $99.00 and then a NGC MS68* @ $195.00
1. 1974S Eisenhower Dollar PCGS MS68, BRILLIANT, stunning superb gem w/exceptional eye appeal, flawless, ect ect ect $295.00
2. 1974S Eisenhower Dollar NGC MS68* Star!, BRILLIANT HIGHEST GRADE - 1 of only 2 EXTREAMLY RARE, close to perfection, knockout quality ect ect ect $1500.00
GIVE ME A BREAK! Talk about selling the holder. Who in their right mind would spend $1500.00 for a Holy Star. On top of that this coin is not even close to falling into the rare catagory.
As I suspected the Holy Star is just another gimmick dreamed up to doop collectors into buying a holder based on the opinions of a very few. No thanks.........
Edited to add the other listings in their mailer I did not see before.
All Eisenhower Dollars
1976S PCGS MS68 @ $950.00 and then a NGC MS68* @ $2500.00
1973S PCGS MS68 @ $295.00 and then a NGC MS68* @ $900.00
1972S PCGS MS68 @ $99.00 and then a NGC MS68* @ $195.00
Bill
The only thing necessary for evil to triumph is for good men to do nothing.
The only thing necessary for evil to triumph is for good men to do nothing.
0
Comments
if not I wouldnt be to quick to trash someones stuff.....
I used to feel this way one time until quite a few dealers showed me true difference..until you learn what that is, and you see merchandise in person, dont be so quick to discount.
Go BIG or GO HOME. ©Bill
2. 1974S Eisenhower Dollar NGC MS68* Star!, BRILLIANT HIGHEST GRADE - 1 of only 2 EXTREAMLY RARE, close to perfection, knockout quality ect ect ect $1500.00 >>
Who the he!! would want to pay $295 for an Ike dollar in the first place?
Andy (flame suit on)
First POTD 9/19/05!!
GSAGUY
In God We Trust.... all others pay in Gold and Silver!
Or is the 2 pop listed for any 68. If so pcgs low pop coins usually can be sold to someone for alot like people were paying over 2k for a state quarter.
The PCGS pop for the 1974S is 212/0 in MS68. I am sure NGC has the Star coins listed seperate on their pop reports.
By the way they also have a
1976S PCGS MS68 @ $950.00 and then a NGC MS68* @ $2500.00
1973S PCGS MS68 @ $295.00 and then a NGC MS68* @ $900.00
1972S PCGS MS68 @ $99.00 and then a NGC MS68* @ $195.00
This $hit is crazy......
The only thing necessary for evil to triumph is for good men to do nothing.
68*
If NGC is giving a seperate count for star coins I don't feel that is right.
I did note one cool thing in it. Apparently, PCGS is finally going to add proof year sets to the registry.
Russ, NCNE
Camelot
<< <i>PCGS is finally going to add proof year sets to the registry. >>
Well aint that just some @#$%. And I have been buying NGC Proofs!! (no particular reason, just what I found)
<< <i>
<< <i>PCGS is finally going to add proof year sets to the registry. >>
Well aint that just some @#$%. A
nd I have been buying NGC Proofs!! (no particular reason, just what I found) >>
Big doggy - I dont think you can say @#$% on this Forum, can you? Bear
Camelot
If anyone, other than Tad, of course, knows Ikes and how to price them (the coin- not the holder) it's Rick.
No dispute there.
Is it possible some Moderns are being equally treated as some Classics? The price jump between two seemingly "same lookin" coins jumps big time?
I think Rick IS selling the coin and NOT the holder. The NGC 'STAR' coin probably has that rare, way above average "look" Collectors want and the 'star' and price are an indication of that.
peacockcoins
I have never said anything bad about NGC. With the exception of the Star program I would never say nothing bad about NGC.
As far as the 2 days, well I would have never spoke of it again but when I opened my mail it just jumped out at me. I have not been looking as I could care less about the Star designation.
But come on Mike tell me the TRUTH
I think I need to cross my PCGS MS68 1974S Ike.
Edited to add, By the way I have bought NGC slabs a time or two.
The only thing necessary for evil to triumph is for good men to do nothing.
Collecting Dollars
<< <i> If it is nice enough to command 5X retail MS68 why is it not slabbed MS69? >>
Bill, I think that maybe it is MS68 because its technical grade is MS68. The star is awarded for NGC's opinion on exceptional eye appeal only. There are coins graded MS63 and up that have the star designation. They don't currently give a star for anything with a technical grade under that, but I suppose they could. I've seen many AU coins with what I thought was exceptional eye appeal.
Andy
First POTD 9/19/05!!
NGC MS68
NGC MS68*
Looking at these 2 pictures, I really need to cross my PCGS MS68.
The only thing necessary for evil to triumph is for good men to do nothing.
Each one I've seen is PQ for the grade.
Specifically regarding this thread:
A PCGS MS68 1973 (and more so for the 1974)-S Ike is worth $250.00 (or a tad more-).
In MS69 they (with a pop still in the single digits for all three years, none in 1974) sell for $5,000 and up (way up!).
That being the case, on a SIGHT SEEN (repeat: SIGHT SEEN) basis I can see a premium price paid for a 68* coin in the neighborhood Rick Tamaska is asking.
Oh, and Wallstreetman- you didn't really offend me, just kidding.
I kinda like your style.
peacockcoins
You are really hung up on that PCGS MS67 Penn Quarter
I bought that strickly for my 1792 to present MS type set. I paid $75.00 and you still cannot buy one at that level. I could care less about the return potentional on the cheap coin.
I have never bashed anyone for buying * coins, more power to them.
I just do not agree with the * program. Anyone that pays 5X retail for that star has a long road ahead to try and recoup their money.
The only thing necessary for evil to triumph is for good men to do nothing.
I fail to see how the * at NGC is any different whatsoever from a PCGS grade. PCGS creams the top 50% (lately 20%) of NGC coins for their holders. Now NGC * will compete directly with PCGS. It's actually quite brilliant on NGC's part. Grading to a 20 point scale with a designator that competes directly with PCGS for the high eye appeal coins.
Ain't competition great! The more choices collectors have the better.
<< <i>Another interesting comment from the mouth of WSM - guess NGC will be getting a lot of his $$! I fail to see how the * at NGC is any different whatsoever from a PCGS grade. PCGS creams the top 50% (lately 20%) of NGC coins for their holders. Now NGC * will compete directly with PCGS. It's actually quite brilliant on NGC's part. Grading to a 20 point scale with a designator that competes directly with PCGS for the high eye appeal coins. Ain't competition great! The more choices collectors have the better. >>
((Not quite the 20 point scale as I don't think coins less than MS63 qualify for the STAR...))
peacockcoins
An NGC MS68* is like an MS68 1/2 because it's not an NGC 68 and not an NGC 69. Now if an NGC MS68 is equivalent to a PCGS MS67 and since PCGS does not have the star would it still be a PCGS MS67?
From what I understand PCGS is now going to offer the Gold Star MS67, the Silver Star MS67 and the Bronze Star MS67. Now a standard PCGS MS67 goes for $100, the Bronze goes for $105, the Silver Star goes for $500 and the Gold Star goes for $972.25
Therefore the PCGS MS67 "Bronze" is a PCGS MS67-1/4, The PCGS MS67 "Silver" is a PCGS MS67-1/2 and the "Gold" is a PCGS MS67-3/4.
But wait, due to the competition, ICG is now offering the Bar-Bell-Lemon-Cherry Program..............
D'Oh!
LOL!
Thanks! I needed that!
In God We Trust.... all others pay in Gold and Silver!
lead, aluminum, cadmium, brass, copper, platinum or even tin stars might work.
Camelot
I have never seen a 1974S PCGS MS68 Ike with a price tag of $1500.00. Are you telling me there are no PCGS graded coins with as good or not better eye appeal that can be bought right now for $300.00 or less? Guess what, I have one.
No thanks, I will find them in PCGS slabs and save myself a lot of money. And since I am not willing to pay the premimum the star carries and all the non star coins are low eye appeal coins I guess I have no reason to buy an NGC slab anymore.
I just hope PCGS does not follow suit, I really do not want to see a 5X increase in the price of the coins I buy.
The only thing necessary for evil to triumph is for good men to do nothing.
On the Heritage site Jim Halpern puts a star next to coins that in his opinion are an exceptional for the grade. I view the NGC star in the same way. I may or may not agree with their opinion just as I may or may not agree regarding the grade. There opinion regarding the grade and the star may hold some weight in the marketplace but ultimately it's my opinion that determines what I'll pay for a coin.
That is all fine and dandy but now that gives the dealers even more power to justify outrageous premimums. Now it is not your opinion against the dealers it is yours against the grading service. How do you negotiate against that? So you will be forced to pay huge premimums or buy substandard coins. All this accomplishes is pulling more money out of collectors pockets for the exact same coins that could have been had a year ago for a fraction of the price. Everyone says it is benificial for the collector come selling time. How is that when that kind of premimum is paid at time of purchase?
And what happens if the star program fails?
The only thing necessary for evil to triumph is for good men to do nothing.
LSCC#1864
Ebay Stuff
BigD5.... "fools gold"...... I like that!
NGC star program = fools gold!
In God We Trust.... all others pay in Gold and Silver!
Thanks...that's all I could think of at that precise moment as I was being rushed off the computer by my 6 month old, he needed his nightly fill of making noise with the keyboard before bed time.
IrishMike,
What's a tether? :-) It just seems like a gimick to me.
Bear,
Now your talking modern coins :-)
-David
I get your point about the MS67 Penn and the premimums paid but how is the star any different.
Think of the poor sap that pays $1500.00 for that 1974S *. In a year there will be 100 of them and they will be selling for $200.00 each.
The only thing necessary for evil to triumph is for good men to do nothing.
Camelot
Where's the $800 difference? I'm not the smartest so somebody please tell me what the $800 difference is!!
Oh I got it! The $925 model don't have scratches on the slab and has more small ticks on the face than the $175 Ike does. What a rip-off!!
Camelot
<< <i>That is all fine and dandy but now that gives the dealers even more power to justify outrageous premimums. Now it is not your opinion against the dealers it is yours against the grading service. How do you negotiate against that? So you will be forced to pay huge premimums or buy substandard coins. >>
The dealers don't NEED to justify anything. The market has shown that people will pay foolish amounts for a lot of trash. If NGC designates some coins as "exceptional eye appeal" thats great . Smart collectors will use it wisely. If a dealer uses it to mark up the coin 5X that his business. It won't last. The problem is the idiots who will pay it. That's not NGCs fault. Heck dealers are pulling quarters out of change and selling the for 20-2000 bucks each. (in a PCGS slab), is that PCGSs fault??
Don't blame NGC for greedy dealers and foolish buyers.
Camelot