NGC's STAR * Designation...Do You Like it?

OneCent

I love the star designation that NGC uses for PQ or high eye-appeal coins. It clearly adds a premium to the coin in the marketplace. A plus if you are going to sell or more bucks out of your wallet if you are going to buy. I think that it also adds value to NGC as a grading entity.

I guess it is really like getting a sticker without having to pay the extra bucks to get it.

Do you actively search for designated coins? I personally have an e-bay search set-up that looks for NGC star auctions.

Do you like the concept and agree that it is value added? What say the board?

MrD

Stars are gggggreat for business

halfhunter

I like the concept. But they kind'a soured me when they gave wholesale stars to all of those underserving BC Morgans.

Regards,

John

Cratylus

I absolutely HATE the concept. Essentially, it's providing an opinion about the appearance of a coin in addition to a grade. The problem is that beauty is in the eye of the beholder. What one person considers more eye-appealing, another person considers uglier.

Message to all TPGs: Just assign a damn grade and quit trying to butt your noses into other parties' business transactions. Leave the price negotations between the seller and the buyer of the coin. If the dealer thinks it's primo for the grade, he can feel free to ask more for it. If the potential buyer really likes the look of the coin, he can offer more for it. End of story.

tmcsr69

<< <i>I absolutely HATE the concept. Essentially, it's providing an opinion about the appearance of a coin in addition to a grade. The problem is that beauty is in the eye of the beholder. What one person considers more eye-appealing, another person considers uglier.
>>



I agree. We have enough grade levels already to choose from-no need for stars.

DJCoinz

I like it. If you don't like the premium associated with the star or don't think a certain coin is deserving of the star, don't bid.

ricko

Just another market gimmick like first strike.... I would avoid them due to the undeserving premium. Cheers, RickO

Wil2008

Hi

I guess its like everything esle.. I have seem some really nice coins with stars...and I have seen some
real ugly dogs with stars... Same with CAC... The coin in the holder says it all..the stickers, stars or
whatever else can be laughable at times.

Good Luck.

Wil

Cratylus

<< <i>I like it. If you don't like the premium associated with the star or don't think a certain coin is deserving of the star, don't bid. >>



The point is that this magical STAR is a subjective designation. It's akin to this whole "market grading" nonsense. If people are going to decide to bid or pass based on whether they like the look of a coin, what possible objective purpose does this STAR serve?

OneCent

There is no doubt subjectivity involved with the star designation. There is also a level of subjectivity associated with assigning technical grades to coins. Consistency is what holds it all togther. Unfortunately, the level of consistency when awarding a star does appear to be lacking. Nonetheless, I still like the concept and would absolutely love for PCGS to adopt something similar.

NGC 65....No Star. Whaaaaaa????

Colorfulcoins

++++++++++++++++++++++++ I like 'um.

LeeG

<< <i>There is no doubt subjectivity involved with the star designation. There is also a level of subjectivity associated with assigning technical grades to coins. Consistency is what holds it all togther. Unfortunately, the level of consistency when awarding a star does appear to be lacking. Nonetheless, I still like the concept and would absolutely love for PCGS to adopt something similar.

NGC 65....No Star. Whaaaaaa????

>>


Send it in for review. With all these designations, you're still buying a coin you'll have to enjoy. That buff is an example of a great coin that needs no star to be a star!

kryptonitecomics

Yes I like it and when my coins receive it....I couldn't be happier.

I couldn't agree more with greattoning...it's good for business and I have several toned coins on Ebay right now with Stars.......no link provided

foodude

Given some of the discussion above, just a reminder of the defintion of the "star designation".

Synopsis
The NGC Star Designation identifies coins with exceptional eye appeal or characteristics that distinguish them from other coins of the same technical grade. This does not mean that they just miss the next grade, but it can mean that they verge on the next designation. For example, an untoned PF 65 Cameo coin is not necessarily close to the PF 66 grade, but may be close to an Ultra Cameo designation.


It does not mean "PQ", of course, that may depend on the definiton of PQ being used.

MrEureka

All I know is that with all the great coins I've sent NGC over the years, I've only received one star. Based on that experience, the concept of a star is meaningless to me, because it's meaningless in practice.

Walmann

I have considered it a indicator that the coin is high end for its grade due to its eye appeal. Doesn't bother me but have seen coins of same grade that can be just as nice which means the so called star is "missing".

mozin

I am willing to bid a bit more for the NGC star. Problem is, that other people have always outbid me on the star coins.

Baley

While I like both the "star" and the "sticker" very much, what I really really want is a holder with a flashing light and a speaker that announces, "PQ... this coin is PQ.. this coin.."

oldcameoproofsguy

Personally, I think that isn't necessary. I don't need no stinkin' grader to tell me that a coin looks nice!

Unknown

This content has been removed.

PerryHall

I like the star designation about as much as I like CAC stickers.

thisnamztaken

<< <i>I absolutely HATE the concept. Essentially, it's providing an opinion about the appearance of a coin in addition to a grade. The problem is that beauty is in the eye of the beholder. What one person considers more eye-appealing, another person considers uglier. >>



I don't necessarily hate the idea, but I agree with the rest of your statement, and a star on a slab certainly doesn't affect whether I'll buy the coin or not. It either has the kind of look that gets my personal numismatic juices flowing or it doesn't.

ILikeMercs

because of the star, I had a POP 1 coin once.

mercurynut

<< <i>

<< <i>I absolutely HATE the concept. Essentially, it's providing an opinion about the appearance of a coin in addition to a grade. The problem is that beauty is in the eye of the beholder. What one person considers more eye-appealing, another person considers uglier.
>>



I agree. I have seen coins with the star on them and just laughed at what was suppose to be a cut above the best.

Broadstruck

Come on you can't tell me you didn't like getting Stars when you where in Kindergarten... can you?

SkyMan

In general I like the star designation, but the inconsistency is quite troubling. I'm not talking so much about *ing cameo contrast, where on the whole I've agreed with NGC, but more about toning. The wholesale *ing of BC coins left a bad taste in my mouth. Of the 1,400 BC coins I would say roughly 600 - 700 did not deserve the star. Other than that, for whatever reason, it seems much more difficult to get a star on a reverse toner. I sent in a pair of 1958-D Franklins, to be put in a multiple coin holder. They came from the same mint set with the same toning, and the obverse got a star while the reverse did not. I've seen this occur to other people.

blu62vette

Sometimes I think I like but I dont think I do. It is to objective on toning. I have one that was sent there I expceted a star and no star, I own a few blast white coins with stars but dont know why the have them. The white star coins make the leat sense. Becuase on side is DMPL and the other isnt it seems to get a star. I like buying star coins hoping for a better coin, but dont pay a premium for them.

kryptonitecomics

<< <i>In general I like the star designation, but the inconsistency is quite troubling. I'm not talking so much about *ing cameo contrast, where on the whole I've agreed with NGC, but more about toning. The wholesale *ing of BC coins left a bad taste in my mouth. Of the 1,400 BC coins I would say roughly 600 - 700 did not deserve the star. Other than that, for whatever reason, it seems much more difficult to get a star on a reverse toner. I sent in a pair of 1958-D Franklins, to be put in a multiple coin holder. They came from the same mint set with the same toning, and the obverse got a star while the reverse did not. I've seen this occur to other people. >>



I'll do you one better Sy....here is a similar example to further illustrate your point....

(2) 1958-D Halves......both stunning.....one got the star and one did not.........could any of you figure out which got it and which didn't without cheating? They both deserved the star but with or without....they still have a ton of eye appeal

ArizonaJack

I like stars

doh

<< <i>I absolutely HATE the concept. Essentially, it's providing an opinion about the appearance of a coin in addition to a grade. The problem is that beauty is in the eye of the beholder. What one person considers more eye-appealing, another person considers uglier. >>


I agree 100%. I overheard this at a show (The coin was a high end UNC Seated Half Dime I believe). "I'm going to cross this coin to PCGS." "Why, it's an NGC 66 STAR!" "Well, yeah, but it's worth more in a PCGS holder. The star doesn't mean anything." Amen, brother.

bestclser1

Buy the coin,not the holder,star,sticker,or sometimes grade for that matter.EVENTUALLY the cream will rise to the top.IF the services were consistant for long periods of time,i might not have posted this comment,but there are too many doctored,badly graded and,overgraded,coins and star holdered coins out there that dont deserve it and vice-versa in both PCGS,and NGC holders that you just have to buy the coin.JMHO

fc

i am neutral to the idea and find it humorous that only high grade coins
get it. am i correct here?

Broadstruck

I have seen dipped out AU58's get a star... coins that where really only AU55 on their best day!