Should or would you like to see PCGS

123cents · October 15, 2006 1:29AM

use the star designation on coins with exceptional eye appeal?

Leiana · October 15, 2006 1:30AM

No.

Edited to elaborate- The NGC star designation is used to distinguish coins that are supposed to be 'cooler' than all the others. In that way, I think it influences potential buyers of the coin and removes a bit of the subjectivity. The buyer then assumes that this star coin is indeed 'cooler' that non-star coins. And the star creates a premium, whether the coin is truly better or not. A buyer should determine for himself (or herself) whether a coin is exceptional, not let a company's opinion put one coin over another comparable example.

-Amanda

tjkillian · October 15, 2006 1:30AM

No, because beauty is in the eye of the beholder. I like a well-struck coin, whereas someone else might like one with blazing luster.

Tom

dizzyfoxx · October 15, 2006 1:32AM

Yes, absolutely.

jdimmick · October 15, 2006 1:33AM

No,

Let the buyer of the coin determine if its of higher quality, why should the grading services determine what factors are more important in determining whether a coin is star or not. Some folks may like specific variables such as strike, luster, rather than color, etc.

fcloud · October 15, 2006 1:38AM

No. It would just be more mud. 11 unc and proof designations are plenty.

ModernDollarNut · October 15, 2006 1:41AM

I vote "YES". It is really difficult to capture a coin's essence in static photos. I would like PCGS to adopt a system for identifying the BETTER HALF of coins at all grades from an eye appeal point of view. Nobody is in a better position to render that judgement than their graders.

PCGS leads the sight-unseen market, in moderns anyway (my niche), and I suspect recognition of the better quality coins at all grades could help the internet market and I believe it would help PCGS turnstiles.

I think it would help me bacause I make the coins I sell so they generally have superior eye appeal.

Rob

Hyperion · October 15, 2006 1:42AM

sounds like an argument to go from 70 grading levels to 140. maybe 280.

resubmissions aplenty !

19Lyds · October 15, 2006 1:47AM

Nope!

VamGuy · October 15, 2006 2:26AM

<< No.

Edited to elaborate- The NGC star designation is used to distinguish coins that are supposed to be 'cooler' than all the others. In that way, I think it influences potential buyers of the coin and removes a bit of the subjectivity. The buyer then assumes that this star coin is indeed 'cooler' that non-star coins. And the star creates a premium, whether the coin is truly better or not. A buyer should determine for himself (or herself) whether a coin is exceptional, not let a company's opinion put one coin over another comparable example.

-Amanda >>

And the EXACT same thing could be said about the numerical grade assigned to a coin.

Star designations, and numerical grades, are equally nothing more than opinion.

Leiana · October 15, 2006 2:27AM

<< 

<< No.

Edited to elaborate- The NGC star designation is used to distinguish coins that are supposed to be 'cooler' than all the others. In that way, I think it influences potential buyers of the coin and removes a bit of the subjectivity. The buyer then assumes that this star coin is indeed 'cooler' that non-star coins. And the star creates a premium, whether the coin is truly better or not. A buyer should determine for himself (or herself) whether a coin is exceptional, not let a company's opinion put one coin over another comparable example.

-Amanda >>

And the EXACT same thing could be said about the numerical grade assigned to a coin.

Star designations, and numerical grades, are equally nothing more than opinion. >>

Exactly!

-Amanda

DennisH · October 15, 2006 2:29AM

No...

because beauty is in the eye of the beholder, not the person who decides what goes on the holder.

ABC123 · October 15, 2006 3:07AM

Can't Hurt, and would be an additional revenue generator---similar to First Strike !!

AZLARRY · October 15, 2006 3:09AM

Yes, PQ for the grade is an old concept.

RichieURich · October 15, 2006 4:04AM

No. I agree with Amanda's reasoning on this one.

majorbigtime · October 15, 2006 4:24AM

Should or would you like to see PCGS..

....issue a meaningful guaranty of authenticity--ABSOLUTELY!!!

Myqqy · October 15, 2006 5:14AM

Freakin' no way- the ngc star system is a complete joke- most of the star coins I see are not worthy of any special designation....

leothelyon · October 15, 2006 6:35AM

NGC's decision to implement the "*" designation (MOST LIKELY) had alot to do with declining submissions. Over the years before the "*" debut, NGC had grossly abused (AND THEY STILL DO) the technical grades of MS66 and MS67. They practically grade every coin that comes their way MS66 and MS67. All you need to do to see this fact about NGC is to go to the Heritage auction website, they list the NGc and PCGS pops for every coin they auction. So the "*" designation is basically just that, it's nothing more than an excuse to elevate their coin submissions. So basically again, the only coins that may be of any quality are the ones with this "*" designation but they haven't been able to get that right either. The first coin should have been graded MS67 with the star. The coin sports an EDS strike with no marks to speak of, not to mention the beautiful toning and luster this coin displays but instead they gave it a ??MS66?? The next coin, a 1964-D NGC MS67 that sold for $4000 recently thru Heritage had die erosion with several hits in the hair and a very weak strike as many details did not strike up. The coin is a total POS! If I were the new owner of this coin and upon receiving such a thing in the mail, it would have been rocketed overnight back to NGC is a heartbeat!
PCGs hardly needs such a designation to increase it's submissions. There would be no point for a "*"-like designation. Many of the MS67 coins PCGS has graded are already of ultimate quality, they wouldn't need something to point that out to serious collectors. lol

Leo

Edited: Forgot pictures.

tsacch · October 15, 2006 6:50AM

Grading is already a subjective thing......no way should they add more variables.

MrEureka · October 15, 2006 6:50AM

The NGC star designation is used to distinguish coins that are supposed to be 'cooler' than all the others. In that way, I think it influences potential buyers of the coin and removes a bit of the subjectivity. The buyer then assumes that this star coin is indeed 'cooler' that non-star coins. And the star creates a premium, whether the coin is truly better or not. A buyer should determine for himself (or herself) whether a coin is exceptional, not let a company's opinion put one coin over another comparable example.

Amanda - I agree that "a buyer should determine" quality for himself. Unfortunately, our opinion is moot. PCGS is serving buyers that obviously disagree with us, people that have chosen to pay (directly or indirectly) for grading services. When serving that customer base, it is likely that a seemingly more precise grading opinion will be well received. So should PCGS do it? Yes, but only if they believe they can do it consistently.

Leiana · October 15, 2006 7:15AM

<< Amanda - I agree that "a buyer should determine" quality for himself. Unfortunately, our opinion is moot. >>

Yes, that is unfortunate.

<< PCGS is serving buyers that obviously disagree with us, people that have chosen to pay (directly or indirectly) for grading services. When serving that customer base, it is likely that a seemingly more precise grading opinion will be well received. So should PCGS do it? Yes, but only if they believe they can do it consistently. >>

That makes sense. Consistency is something I would hope TPGs like PCGS strive for.

-Amanda

dorkkarl · October 16, 2006 5:49AM

no, i couldn't care less about silly stars on plastic holders.

K S

Should or would you like to see PCGS

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