If CAC stickers an NGC star designated coin.....

bidask

does that mean they agree with the star designation?

Photography by COINPICTURES.........

ColonialCoinUnion

That coin desperately needs to be reholdered.

Unknown

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roadrunner

Pretty coin.

No......to your original question.

NGC has their standard for what "*" means and no one else has one. NGC can't even define an objective standard for "star." They know it when they see it but they cannot define it. Having a star without the coin being technically all there is a problem. That's why so many starred coins don't bring the money that the grade implies they should. But informally, I'd say that a CAC sticker on an eye appealing NGC coin is probably a good seal of approval that they like the coin a lot. I'd consider that coin to be worthy of PCGS CAC pricing in most cases.

I had an NGC MS67 "star" CAC coin in the March 2009 B&M sale realize $10,350. It fetched about 3x what typical NGC coins of that date would bring and about 2-2.5X or more what an average PCGS coin would have fetched. It actually fetched closer to 68 money than it did to 67 money. The market obviously appreciated the coin despite the NGC holder. Interesting that in 3 attempts over 12 years to get the coin to cross, they all failed. In my mind the coin was equivalent or nicer than some NGC MS68's I had seen. It originally was graded MS67 back just before or around 1990 and the previous owner had paid over $20,000 for it. Let's just say it was a 67++ by today's standards. I have no doubts the coin will end up as a PCGS MS67 and CAC'd again, though I was unable to do it. Maybe a few more attempts would have done the trick, eh?

roadrunner

Justacommeman

I think if CAC stickers a NGC star coin it makes them supernova.................................MJ

Jcarney

<< <i>That coin desperately needs to be reholdered. >>

mozin

If NGC gives a star designation, I would expect it routinely also receive the CAC approval. If not, NGC is too generous with their stars.

jhdfla

Nice coin!

ColonialCoinUnion

<< <i>

<< <i>That coin desperately needs to be reholdered. >>




>>



I was referring to the scratches and scuffs on the plastic on both the front and back.

Barndog

PlastX will take care of the scratches

SeattleSlammer

If NGC gives a star designation, I would expect it routinely also receive the CAC approval. If not, NGC is too generous with their stars.


Stars are given for exceptional eye appeal, not necessarily for being strong for their particular grade.
A coin can have exceptional eye appeal (say a MS63 Morgan with cool color) but be just average or even weak for the grade. That coin could get a star but no bean.









Wow, that quarter is FANTASTIC!!!!!

sebrown

Nice coin, bidask.....she's gorgeous!

FullStepJeffs

I have no idea about an answer to your question, but Thanks for the sweet giveaway! Please count me in.

That's a very nice coin!

Steve

bidask

I bought the NGC Star 1898 2 1/2 lib in Heritage today.....CAC.

mumu

<< <i>Pretty coin.

No......to your original question.

NGC has their standard for what "*" means and no one else has one. NGC can't even define an objective standard for "star." They know it when they see it but they cannot define it. Having a star without the coin being technically all there is a problem. That's why so many starred coins don't bring the money that the grade implies they should. But informally, I'd say that a CAC sticker on an eye appealing NGC coin is probably a good seal of approval that they like the coin a lot. I'd consider that coin to be worthy of PCGS CAC pricing in most cases.

I had an NGC MS67 "star" CAC coin in the March 2009 B&M sale realize $10,350. It fetched about 3x what typical NGC coins of that date would bring and about 2-2.5X or more what an average PCGS coin would have fetched. It actually fetched closer to 68 money than it did to 67 money. The market obviously appreciated the coin despite the NGC holder. Interesting that in 3 attempts over 12 years to get the coin to cross, they all failed. In my mind the coin was equivalent or nicer than some NGC MS68's I had seen. It originally was graded MS67 back just before or around 1990 and the previous owner had paid over $20,000 for it. Let's just say it was a 67++ by today's standards. I have no doubts the coin will end up as a PCGS MS67 and CAC'd again, though I was unable to do it. Maybe a few more attempts would have done the trick, eh?

roadrunner >>



A little confused by this post. If you sold for 10k and the previous owner paid 20k, how did the market appreicate its price? Im assuming you paid less than 10k, but is that really appreciation if it previously went for 20? or more of a correction and market timing on your part.

roadrunner

A little confused by this post. If you sold for 10k and the previous owner paid 20k, how did the market appreicate its price? Im assuming you paid less than 10k, but is that really appreciation if it previously went for 20? or more of a correction and market timing on your part.

My post was pretty clear that decent NGC and PCGS half dimes in that grade are fetching in the $3K to $4K range...much less than what my coin sold for. In 2008 even the really nice PCGS pieces were fetching only $5K to $7K.

The market did not appreciate the value of this coin yet. If everything was perfect then this coin would have reached it's 1990 value again in 2008.....but only if the coin made MS68 grade. Which it never has. Yet in 1990 the coin was considered decent for the grade. Today it's looked at as a 67++, but that's still short of the $20K that MS68's have fetched. In fact one no nice in a MS68 NGC* holder fetched $37,375 in 2008 and then only $21,850 in January 2009. In the right hands at the right time this coin could have made a MS68 grade. So in that sense it fell short of its potential. But in a side by side comparison of the $37K coin, I felt mine was every bit as nice, and w/o fingerprints on each side as the MS68* had. Once a coin in crowned, the crown is hard to take away. Again, I would not be surprised to see my old coin in a 68* holder down the road. By fetching >$10K the coin is much closer to a 68 grade.

Fwiw these coins crashed hard after 1990 falling to about 20-30% of their former values. MS67's in early type were far and few between by 1990. But within 15 years they multiplied like rabbits as the requirements for the 67 grade eased up. By 1999 I figured my coin was worth only around $5K max. So it was a combination of market forces in various directions as well as the difficulty in achieving a MS68 grade on regrade alone. I never did attempt to send that piece in raw again where it would have been given a more legitimate look. As I mentioned, it failed to cross on multiple attempts over the years which is pretty sad. It had a better shot of upgrading to 68 at NGC than crossing to 67 at PCGS.

roadrunner

GFourDriver

coinkat

Love the coin... And with a coin such as this, the plastic and stickers is really secondary

leothelyon

If CAC stickers an NGC star designated coin.....does that mean they agree with the star designation?

No....they're just saying NGC finally got one right.......correctly graded.


Leo