NGC to Discontinue "W" Designation
wayneherndon
Posts: 2,356 ✭✭✭
From NGC eNews August 2002:
NGC to Discontinue "W" Designation
Effective immediately, Numismatic Guaranty Corporation will no longer
apply the "W" designation to its certified coins. This letter was used
to indicate that a silver or nickel coin was entirely untoned, and its
application was limited to certain modern series.
The reason for ending its use is simply that the marketplace doesn't see
a great need for this designation. It was introduced by NGC about 2-1/2
years ago at the suggestion of some dealers and collectors who wished to
distinguish between toned and untoned coins. A recent re-evaluation of
this designation by NGC suggests that it has had minimal impact on the
coin market.
NGC has always been an innovator in the field of coin grading, and we
will continue to weigh the merits of current and proposed designations
as the need arises. Owners of NGC-certified coins who wish to have a "W"
designation removed may submit such coins in their holders for our
Reholder service at $4 per coin.
WH
NGC to Discontinue "W" Designation
Effective immediately, Numismatic Guaranty Corporation will no longer
apply the "W" designation to its certified coins. This letter was used
to indicate that a silver or nickel coin was entirely untoned, and its
application was limited to certain modern series.
The reason for ending its use is simply that the marketplace doesn't see
a great need for this designation. It was introduced by NGC about 2-1/2
years ago at the suggestion of some dealers and collectors who wished to
distinguish between toned and untoned coins. A recent re-evaluation of
this designation by NGC suggests that it has had minimal impact on the
coin market.
NGC has always been an innovator in the field of coin grading, and we
will continue to weigh the merits of current and proposed designations
as the need arises. Owners of NGC-certified coins who wish to have a "W"
designation removed may submit such coins in their holders for our
Reholder service at $4 per coin.
WH
0
Comments
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
On some Moderns- such as MintState Ike dollars or Kennedies it was helpful, for internet buying, to have the "W". The "W" coins I own that are Clad are more remarkable than the ones that are not.
I love toning, but unless it's monster on Clad I prefer them to be blazing 'white' and not that off gold/gray Clad easily takes on. The "W" protected me from that (internet buying).
peacockcoins
Thanks for typing it out for me,
Ray (Cat left the room)
I don't do much for the "other side" but do pay attention to what is happening over there.
WH
According to NGC to get the "w" the coin must be all white without any toning or even small black carbon spots on the coin even on the rim.
This is one less thing for the graders to look for and denote on their holders.
Now on the other hand the star "*" coins are nice for eye appeal. I have a few of them.