Introducing NGCX, a 10-point Grading Scale for Coins
pointfivezero
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Is this old news?
3
pointfivezero
Posts: 1,845 ✭✭✭✭✭
Comments
Just get to the 100 point scale already.
Just saw it for the first time! Wow! Not sure how this will shake out in the market. 1982-present coins, available to grade through a few selected dealers
Really. Just what I need 🙀🤨
🎶 shout shout, let it all out 🎶
More gimmicks for more $$$$$$$$$$$
Throw a coin enough times, and suppose one day it lands on its edge.
Those initials sound eerily like a Crypto company that recently lost billions. . .
peacockcoins
@Jzyskowski1 I found your X-Mas present.
Mint State/Uncirculated
10 = a pristine coin with no post-production imperfections visible at 5x magnification.
9.9 = a fully struck coin with nearly imperceptible imperfections.
9.8 = a very sharply struck coin with only miniscule imperfection
9.7 = a sharply struck coin with only a few imperfections.
9.6 = a very well struck coin with negligible marks and hairlines
9.5 = a very well struck coin with minimal marks or hairlines
9.4 = a well struck coin with moderate marks or hairlines
9.3 = a coin with a good strike, but several obvious marks or hairlines and other miniscule imperfections
9.2 = a coin with a slightly weak or average strike that has moderate abrasions and hairlines of varying sizes
9.1 = a coin with a slightly weak or average strike that has no trace of wear, but more or larger abrasions.
9.0 = a coin with an average strike and no trace of wear, but more marks and/or multiple large abrasions.
Circulated
8.8 = a coin showing slight wear on the highest points of the design. Full details visible.
8.5 = a coin showing slight wear on less than 50% of the design. Full details visible.
8.3 = a coin showing slight wear on more than 50% of the design. Full details except for very minor softness on the high points.
8.0 = a coin showing slight wear on more than 50% of the design. Full details except for minor softness on the high points.
7.5 = a coin with complete details, but minor wear on some of the high points.
7.0 = a coin with complete details, but minor wear on most of the high points.
6.5 = a coin with complete details, but wear on all of the high points.
6.0 = a coin with nearly complete details, but moderate softness on the design areas.
5.5 = a coin with nearly complete details, but more softness on the design areas.
5.0 = a coin with moderate design detail, but letters and digits are sharp
4.5 = the recessed areas on this coin show slight softness, but letters and digits are sharp.
4.0 = the recessed areas on this coin show more softness, but letters and digits are sharp.
3.5 = this coin has wear throughout the design, and letters and digits show softness.
3.0 = this coin has wear throughout the design, and letters and digits show more softness.
2.5 = the peripheral letters and digits on this coin are full, and rims are sharp.
2.0 = the peripheral letters and digits on this coin are nearly full, and rims exhibit wear.
1.5 = most letters and digits on this coin are readable, but rims are worn into the fields.
1.0 = there will be just enough detail to identify the coin's date and type. The rims will be flat or nearly flat.
Edit: so it looks like the angle is making grading (and valuation) more easily accessible and understandable for a younger collecting crowd used to the 10.0 scale for basketbal, baseball cards, the non-sport trading cards (Pokemon, MtG, etc), comics, video game collectibles, etc.
Who wants to take a stab at equating to the 70 Point scale and specifically to PCGS defined standards?
Looks to me that 8.0 = AU-50, 8.3 = AU-53, 8.5 = AU-55, and 8.8 = AU-58.
Does it then follow that 7.0 and 7.5 are XF-40 and XF-45, 5.0, 5.5, 6.0, and 6.5 = VF-20, VF-25, VF-30, and VF-35 respectively?
Interesting. Wonder if the CACG rumors and recent confirmation of a future service had anything to do with this as it relates to the upcoming fight over grading market share that should ensue over the next few years between the top 3 + the newcomer.
ifthevamsarockin
Check it out. You shouldn’t of. On the first day of Christmas my formite friend sent to me…..
Check out our new kitty ( last couple weeks). Seems you are clairvoyant 😁( one blue and one golden eye. She’s a pretty girl 😻
🎶 shout shout, let it all out 🎶
“Introducing NGCX, a 10-point Grading Scale for Coins
NGC is excited to introduce NGCX, the first 10-point grading scale for coins. The 10-point grading scale has long been the standard for most collectibles, including comic books, sports cards, trading cards and more. Now, with NGCX, coin collecting will benefit from the same intuitive and approachable scale.
The new 10-point grading scale will supplement the 70-point Sheldon scale, which will continue to be used by NGC for regular submissions.
A Certified Collectibles Group affiliate, NGC is the world leader in third-party coin certification because of its constant innovation and collector focus, with NGCX being only the latest example. While there is no difference in quality between a grade on the 10-point scale and a grade on the 70-point scale, the difference for the hobby is exponential. New collectors now have a clear path to embrace coin collecting. The path is NGCX.”
Terrible
This is a joke?
Appears to be a "supplemental" option and not a replacement for the Sheldon scale (for now):
I hope my submissions come back at least a IX.VIII or they aren't worth the plastic!
In honor of the memory of Cpl. Michael E. Thompson
Is this April 1st?
Got my first submission back already! Dang, they are fast at this!
In honor of the memory of Cpl. Michael E. Thompson
I just want mine to come back some day!
Tom
Geez.
It sure looks like a IX.VIII. 😁
And a 2023. Now that’s what I call Advance Release 🙀🦫
🎶 shout shout, let it all out 🎶
I know that (fictitious) coin is only graded 8.8, but it is so close, it really deserves an 8.9, or 8.95, and personally, I would grade it 8.98 or 8.99. I simply cannot see anyone in their right mind giving it a grade of less than 8.8+ or *!
Tom
Just another way to get collectors to shell out more money to the TPG's for new labels/slabs instead of spending money on new coins for their collections.
Is "really spiffy" better than "totally cool"? Inquiring minds want to know. Peace Roy
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There are actually fewer grades on this scale than there are on the current one, even ignoring pluses.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Just got an email about this new scale! I think they just need to do 100 instead of 10.....
Sigh
Shouldn’t this be posted in the “This forum needs a little humor” thread.
It’s a gimmick to capture the telemarketing crowd
Latin American Collection
If it isn't broke, don't fix it. The Sheldon 70-point scale works fine and it's well established in the hobby.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The Sheldon 70 point scale was intended for grading large cents. If this new scale catches on, fine. If not, fine.
Aren't there some counterfeits on eBay to get upset about?
There is absolutely no point to this. None whatsoever. Somebody needs to get a life and I kid thee not.
Those won't be worth much in the Registry sets.
That perfect 10 is only a VG10.
(times the weight factors)
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
It’s fine until you go to sell your collection and have to pay thousands of dollars to have it all regraded to the new system. We don’t need more grading systems, grades, TPGs or stickers.
This is a 100-point grading scale, with each point being worth 0.1.
It's entirely voluntary. Nobody has to have their coins regraded.
I think it’s a smart move that focuses on moderns and those who buy from the telemarketers. Explaining the Sheldon scale to the bullion collector or casual modern buyer probably confuses more than helps.
People resist change, yet I think the target audience will readily accept.
Now about those ugly white prongs…….
"Got a flaming heart, can't get my fill"
Love it. Brilliant move and NGC continues to impress me in all ways a grading company should. Innovative and a way to engage one facet of the market in a positive way. It is nice to see change and adaptation in an established company like NGC that is moving forward and up. Thumbs up!
If you want to sell for top dollar, your coins need to be in the best plastic. Right now, that’s PCGS with a green bean for most US coins.
If that becomes NGCX or another TPG then you will need to have your coins regraded, otherwise you leave money on the table.
If getting them regraded gets you more money, get them regraded and thank the grading company.
Not a modern coin devotee, but my first impression is that the arms race in plastic is escalating.
Lol.
This is exactly the system used to grade all collectibles other than coins. This should be good for the hobby. A card collector will much better understand buying a coin that is a 9.0 rather than a "65" which sounds like a failing grade.
I LOVE IT!
You’re missing the point. Many collectors are invested in PCGS / CAC plastic today because they believe these coins are valued the most in the market. If the grading scale changes, they have to resubmit for regrade before selling to get top dollar and meanwhile are out the grading fee. Multiply by 100s of coins and that is thousands of dollars for a potential collector. How is that good for collectors? I should thank the TPGs for changing the rules of the game and charging me for it?
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So implementing a new way to produce understandable grading for a facet of the market that will result in more engagement of the folks that collect in that market, and likely increase their market share in that market and make NGC more money, is stupid? Probably exactly opposite of that.
I'd hold off that calling it that until you see whether it succeeds and whether other TPG's in that part of the market follow suit or also come up with something new to capture more market share there.............
I don't think so.
Sure, that's true.
That sounds like an argument for not getting your coins graded until you're ready to sell, since there's never been a guarantee that the grading scale won't change.
If getting your coins regraded gets you more money, that's good- right? If it doesn't, don't get them regraded and sell them as they are.
edited to add... Your argument is the same one that was used against the idea of slabbing coins 30 years ago. And the argument against stickering slabbed coins 15 years ago. Just sayin'.
No it’s not. The advent of TPGs solved several real problems in the market. CAC further solved another problem. Explain to me how moving to a 1-10 or 1-100 grading scale helps the hobby.
Are you sure? ANACS was grading coins before PCGS and anybody who spent money on that had to spend more to move them to PCGS. As well, there were posts on this very forum by people complaining about "having to get their coins stickered" when CAC started.
It's more understandable to people who are not familiar with the hobby. Seems like that wouldn't hurt.
edited to add... This is the way it's supposed to work. Somebody has an idea for a product/service that they think others will pay for and they put it out there. If people think it's a good idea, they'll pay for it. If not, it will end up going away.
I know we've all thought about a 100 point scale for a while, and it appears NGC's 10 point scale is really a disguised 100 point scale.
I am interested if there's been any successful conversion of a grading scale of anything in the past few decades for other collectibles or anything else?
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
I can just see the headline now:
"PCGS Hires Nigel Tufnel to Develop New Grading Scale that Goes to 11."
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Just my opinion here:
I don't think it's anything to do with helping new collectors. It's a way to reinvent your service to make it fresh and get more revenue.
I guess it’s real.
9.9 vs MS69
9.8 vs MS68
I suppose this all is a commentary on the state of the world. Instead of introducing new collectors to a scale that has served the hobby well, let’s establish a new system the spoiled little darlings can “identify” with. Sports cards and coins have nothing in common.
I’ll keep my English system of measurements and Sheldon grading scale with the understanding that they’re weird and not understood by the rest of the world.
As for the service, I don’t have a problem with it. If the market likes it, it will continue to be a thing. If not, they’ll stop the experiment and/or not spread it to the coins I have interest in. If it spreads I will have the option to adapt or not.