Question for all of you experts about NGC*
fountainheadgold
Posts: 2,467 ✭
First of all let me say I prefer pcgs grading, but believe ngc to be close , I own mostly
pcgs, but also own many ngc. My question is this , Most of the ngc coins I own, I bought
prior to * designation. I believe ngc should have to regrade all of these for free. Most of
my ngc coins are close to the next grade up, so I am being short changed. If I go to sell
and my ms65 is up against a ms65* I will lose money. I am sure many of you are in same
position. I would like very much to hear from you the experts.
pcgs, but also own many ngc. My question is this , Most of the ngc coins I own, I bought
prior to * designation. I believe ngc should have to regrade all of these for free. Most of
my ngc coins are close to the next grade up, so I am being short changed. If I go to sell
and my ms65 is up against a ms65* I will lose money. I am sure many of you are in same
position. I would like very much to hear from you the experts.
Michael
0
Comments
<< <i>I believe ngc should have to regrade all of these for free. >>
Good one.
<< <i>Most of my ngc coins are close to the next grade up, so I am being short changed. If I go to sell
and my ms65 is up against a ms65* I will lose money. >>
The star designation is not granted because a coin is technically high end for the grade, it is granted based on exceptional eye appeal. This may take the forum of pretty toning or, in the case of proof coins, a brilliant that is very close to cameo or a cameo that is very close to UCAM.
A coin that is simply "PQ" for the grade isn't going to get the designation unless it has other qualities that add to it's appeal, beyond simply being a bit better than the grade on the holder. And, it's damned tough to get the star. I've sent them some very cool stuff that I thought sure would get it and haven't got one yet.
Russ, NCNE
Second, if all your coins are top for the grade and you worry about being "shortchanged" why don't you forget the "*" and go for the 66's and 67's? Bigger money this way.
Third, NGC does not hand the "*" out to just any coins.
Designation Review is what you're seeking and it is cheaper than a re-grade.
peacockcoins
BTW this coin sold for TRIPLE greysheet bid because of the eye eppeal
edited to add
NGC will do a star review for $5 a coin if you send them in. At a show they charge $10 and you will at the very least get the new slab with every coin even if it does not get the star.
I guess I should have said it has a dmpl obverse but not even a pl reverse.
I've also noticed the color MUST be more along the lines of smooth and colorful vs molted and dark to receive the prestigous STAR.
peacockcoins
and it sets us apart from practitioners and consultants. Gregor
Andy
First POTD 9/19/05!!
and I don't know of any dealer that will buy the "*" for anything extra. It is a marketing gimic, nothing more.
The trick is to know which coins to send to whom?????????/
Rusty
Still feel eye appeal is in the eye of the beholder. This coin is exceptional.
Rusty
dragon
may i ask as to how you came up with your name "billiard master"?
<< <i>billiardmaster is 100% correct, the NGC * designation is a gimmick and merely a way for NGC to generate additional revenue via designation review resubmissions IMO.
dragon >>
Those are pretty strong words Dragon. I respect your opinions, I always have, but having a third party give the opinion a coin has superior Eye Appeal is additional information I don't mind having.
Maybe that is because it works for me. I've yet to see a NGC STAR coin I didn't find attractive. They're worth a premium to me to add them to my collection.
peacockcoins
Pop.1/0 Franklin
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