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Dealer help...How to value an NGC *

AndroidAndroid Posts: 726 ✭
in U.S. Coin Forum
My latest submission to NGC yielded me a 1939D MS67* Washington. The NGC population is 40 with none higher for MS67 and 2 with none higher for MS67*. PCGS Population is 24 in MS67 with none higher. Does the low population (2) of this coin with a * demand a higher premium than a regular MS67? If so, how much of a premium? Is the * designation even considered a condition rarity?

Thanks for your help,

Andy image
We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

First POTD 9/19/05!!

Comments

  • LucyBopLucyBop Posts: 14,001 ✭✭✭
    WOW! What a nice score...... The Star coin will demand a higher premium, they add extra points on the NGC registry, and thats atleast one reason why people will be standing in line to buy this GEM! Also, the star only goes to coins that are super PQ with Killer eye appeal...
    imageBe Bop A Lula!!
    "Senorita HepKitty"
    "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
  • MacCoinMacCoin Posts: 2,544 ✭✭
    ms67 congrads
    image


    I hate it when you see my post before I can edit the spelling.

    Always looking for nice type coins

    my local dealer
  • merz2merz2 Posts: 2,474 ✭
    Android
    I have to agree with Lucy.The star will most likely double the value per the price guides.IMHO
    Don
    Registry 1909-1958 Proof Lincolns
  • littlewicherlittlewicher Posts: 1,822 ✭✭
    The * just means it has excellent eye appeal, not necessarily PQ. Many people get confused over this. As for pricing, it's hard to estimate.


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • LucyBopLucyBop Posts: 14,001 ✭✭✭


    << <i>The * just means it has excellent eye appeal, not necessarily PQ >>



    Nobody is confused, a ms67 with the star, eye appeal and PQ are surely both on this GEM.
    imageBe Bop A Lula!!
    "Senorita HepKitty"
    "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
  • littlewicherlittlewicher Posts: 1,822 ✭✭
    For a Washington Quarter to make MS67, it has to be really nice.image Post some pictures some time, Andy.


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • darktonedarktone Posts: 8,437 ✭✭✭
    littlewicher, not all MS67 washingtons are really nice-take a look at this ms67 of mine!
      Android- ms67 with a star should be an awesome coin! I can't wait to see a picture of it. mike
      image
        image
      1. LucyBopLucyBop Posts: 14,001 ✭✭✭
        Darktone, that 56 quarter surely has a darktone. image
        imageBe Bop A Lula!!
        "Senorita HepKitty"
        "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
      2. IrishMikeIrishMike Posts: 7,737 ✭✭✭
        Lucy, the * designation does not mean PQ, it only means that the coin has outstanding eye appeal. The coin could actually be low for the grade but has outstanding eye appeal. This question was brought up on the NGC forum and I am repeating their (NGC) answer.
      3. mdwoodsmdwoods Posts: 5,546 ✭✭✭
        Andy, I would contact Wondercoin. He seems to be on top of Washingtons. mdwoods
        National Register Of Big Trees

        We'll use our hands and hearts and if we must we'll use our heads.
      4. littlewicherlittlewicher Posts: 1,822 ✭✭
        Darktone, I like that coin. Once you go black, you never go back.image


        For some life lasts a short while, but the memories it holds last forever.
        -Laura Swenson

        In memory of BL, SM, and KG. 16 and forever young, rest in peace.
      5. LucyBopLucyBop Posts: 14,001 ✭✭✭
        Okay, the handful of NGC coins with a star that I saw at LongBeach where very PQ......... But I'm sure as you say, not all the star coins are PQ.
        imageBe Bop A Lula!!
        "Senorita HepKitty"
        "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
      6. IrishMikeIrishMike Posts: 7,737 ✭✭✭
        Lucy you are right they are PQ, but not for the grade.
      7. AndroidAndroid Posts: 726 ✭
        Thanks for all your responses. I'll post a pic when I learn how to use the digital camera I got for Christmas. image

        Andy
        We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

        First POTD 9/19/05!!

      8. barberloverbarberlover Posts: 2,228 ✭✭
        hey, that 56 quarter was made when i was born. [i just hope i don't look as old and crusty as that quarter [lol] barberlover
        The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
      9. BulldogBulldog Posts: 779
        Not sure we ever got a definitive answer?

        Bulldog
        Proud to have fought for America, and to be an AMERICAN!

        No good deed will go unpunished.

        Free Money Search
      10. IrishMikeIrishMike Posts: 7,737 ✭✭✭
        I am not sure there is a definitive answer. It depends on the coin, the grade and the pop. Its a new program and I am sure that as more coins get the * the value will change.
      11. wallstreetmanwallstreetman Posts: 2,938 ✭
        Who cares, there are lots of stars in Hollywood, do you think they all have eye appeal? Lets see the coin!
        You can fool man but you can't fool God! He knows why you do what you do!
      12. TonekillerTonekiller Posts: 1,308 ✭✭
        We see an avg. of 30% to 50% for the Star on color coins. Value is hard to set as it is with any artwork.

        TBT
      13. osirisMMIIosirisMMII Posts: 225
        If you look at the coins R&I has been selling with a * you definitely want to be a seller, not a buyer! A 1970 PF69* CAM Kennedy sold for $650? A 1974 PF68* Ike lists for $150? That's some eye appeal - especially to the accountant image The couple of star coins I have purchased didn't have much if any premium added. I picked up a group of beautifully toned proof Jeffs from the early '60's (combinations of pink, purple, blue, yellow) all from the same submission - the only starred coin was a one-sided CAM - the incredible toning didn't appear to factor into the * designation - they all have incredible eye appeal........ so why no *? A couple of Kennedy proofs I've picked up with a * are the same - obverse or reverse cameo. Can't call it a CAM/DCAM because it's only on one side! Anacs has designated obverse/reverse CAM and the coins don't seem to get the big $. Anybody else experience this?
        ahhhh....... SODO MELVIN?????
      14. robertprrobertpr Posts: 6,862 ✭✭✭
        I don't understand why people don't pay as much attention to ANACS as they do the other services. Heck, ANACS could stop grading coins above MS63 altogether and nobody would notice.

        The NGC * designation is a MARKET GRADING tool used to specify outstanding eye appeal without commenting on the coin's technical merits and I believe was originally concieved as a tool to bolster NGC graded coins' prices in the sight-unseen marketplace above the prices of their PCGS counterparts and to bolster re$ubmi$$ion$. Once again, the * does not have any bearing on the coin's TECHNICAL grade (and I think it's kind of silly too)
      15. AndroidAndroid Posts: 726 ✭


        << <i>Value is hard to set as it is with any artwork. >>



        This is about the best statement I've ever heard regarding trying to value a beautiful coin. Value, like beauty, is in the eye of the beholder. image

        Andy
        We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

        First POTD 9/19/05!!

      16. AndroidAndroid Posts: 726 ✭


        << <i>Who cares, there are lots of stars in Hollywood, do you think they all have eye appeal? Lets see the coin! >>



        WSM,

        I'll post a pic as soon as I learn how to use the digital camera I got for Christmas.

        Andy image
        We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

        First POTD 9/19/05!!

      17. AndroidAndroid Posts: 726 ✭
        There is also an opinion on this subject from coinman1794, across the street, I thought would be worth sharing:

        "Because the star is relatively new and most coins were graded before the star came out, star coin populations are essentially irrelevant, at this point. These populations are in no way reflective of the rarity of star coins, because there is no way to tell how many of the already graded NGC coins would get the star on designation review, or how many coins graded by other services would cross over as a star coin. To price these coins, you just have to take the coin itself into consideration, as has already been said.
        The star, by itself, doesn't necessarily add value; it just sets the coin aside as being one of those exceptionally appealing examples that occasionally can be found. Such coins will command a premium anyway, because most knowledgeable numismatists are able to distinguish coins that are exceptional from the rest. The star just makes appealing coins easier to spot, particularly in today’s electronic age. For instance, I use the star designation as a way for me to tell if a coin is exceptionally appealing when I don't have the advantage of seeing it in person."

        I guess we'll have to wait and see how it turns out.

        Andy image
        We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

        First POTD 9/19/05!!

      18. wondercoinwondercoin Posts: 16,911 ✭✭✭✭✭
        Andy: I figured I would just respond to your PM to me on this thread, so others could also "chime in" if they desired.

        IMHO, the NGC * is a valuable addition for most NGC holders (and certainly for pre-1965 dated coins I believe). The * basically says to me the coin is "special" in the opinion of NGC, for one reason or another. I take notice of * coins and I know others do as well. It also does not hurt that the * coins get added premium points in the NGC Registry.

        Consider the 1939(d) quarter date in question. There is often a significant "gap' between PCGS-MS67 and NGC-MS67 pricing on this coin. A PCGS-MS67 coin has been known to trade between $1500-$2500 and others can sell for more or less than this level depending upon quality. I have not handled an NGC-MS67 of this date lately and last reported Teletrade prices realized of under $500 are likely out of date since (I believe) no 1939(d) in NGC-MS67 has actually sold on Teletrade since late-1999. But, IMHO, what the * does is to some extent (or possible to a full extent, on a case by case basis) assist the seller to justify an asking price closer to "PCGS money" (and, again, in some cases, even above PCGS money depending upon the basis for the *).

        This isn't to say your particular 1939(d) quarter is worth $500, or $1500, or $2500 or even $3500. That is determined by a willing buyer and seller, of course, But, the * does signify to me the coin is deemed "special" by NGC for one reason or another and I certainly wouldn't be persuaded to let it go for typical money for a non-* star coin, that is for sure. Of course, if you put the coin up for auction, the buying public will decide what your coin is worth that particular day and adding a reserve to the auction might also protect you a bit as well.

        Congratulations and good luck with the coin! image Wondercoin




        Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.

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