Explain PQ

derryb

Still learning.

coltgus

PQ = Premium Quality
Some people say a coin is PQ if it is nice for the grade.

ziggy29

PQ is, in theory, "premium quality" for the grade. Some people (usually when selling) misuse and overuse it to the point where few people put much weight in it as a general rule.

derryb

would you use PQ with any grade (is it like NGC puting a star with an assigned grade)?

ziggy29

<< <i>would you use PQ with any grade (is it like NGC puting a star with an assigned grade)? >>

You could theoretically use 'PQ' at any grade level (except perhaps MS-70 or PF-70) if it's a nicer coin than most at its grade level.

The NGC star isn't supposed to mean 'premium quality' in and of itself, but an indicator of eye appeal. It's usually, but not always, used for rainbow toned coins.

roadrunner

NGC * only refers to the eye appeal of the coin. The coin can actually be of poor quality for the grade in some cases. It's not unusual to find severaly nicked up UNC Morgans with the * classification assigned. Finding an NGC * along with technical merits is a very worthy coin.

PQ is what a seller always claims to have and what you as a buyer always strive to find.....for little to no premium.

PQ to me means a higher end coin for the grade. It is decidedly not average. If your coin is not in the top say 25% of the grade, I doubt I would call it PQ. It has to be distinctly better than average for the grade. At arm's length your first impression should be one of a higher grade coin. Something about the coin has to grab you.
Ideally, collectors should strive to make most of the coins they purchase be PQ. Easier said than done, but a worthwhile pursuit.

roadrunner