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What Constitutes A "Star" Or "Plus" Designation In Grading?

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FlipOfACoin's Avatar
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 Posted 01/10/2012  2:31 pm Show Profile   Bookmark this topic Add FlipOfACoin to your friends list Get a Link to this Message Number of Subscribers
What constitutes a coin receiving either the NGC "STAR" or PCGS "+" designation. I have seen many coins with these designations where the coin does not appear to be extraordinary in any manner. However, with the NGC "STAR" designation, many of the coin have colorful or unusual toning, etc...

The coin below is graded PCGS MS66FB. The 'color' of the coin (in hand) is quite literally PINK with some light orange undertones and the reverse is white.

Should I attempt to cross this coin over to NGC to in an attempt to gain the "STAR" designation?

Thank you for your thoughts!


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CaptainFwiffo's Avatar
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 Posted 01/10/2012  3:48 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
For PCGS + means exceptional eye appeal. For NGC + means it's a tweener grade (e.g. a MS66+ is almost an MS67). For NGC, a * designation means exception eye appeal, which could be colorful toning or proof-like surface.

I have an MS66FB* 1944-D Mercury dime with really unusual luster - it's blast-white with a glossy, proof-like surface, but it has an unusual sparkly luster that appears like it's underneath the surface. It's hard to capture in pictures - it mostly looks like a normal MS dime - but in person it's stunning. I suspect others that are star designated but don't appear special in pictures have some kind of unusual and attractive luster.

I don't think your dime would get a *, but it's really a crapshoot. That kind of pinkish/purplish toning isn't that uncommon with Mercury dimes.

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macmercury's Avatar
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 Posted 01/10/2012  4:56 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
"Beauty is in the eye of the beholder!" There's truth to that statement.

I forget to add that I have see some NGC * designated coins with clean rainbow toning.
Edited by macmercury
01/10/2012 4:59 pm
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D0ubl3Eagle's Avatar
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 Posted 01/10/2012  5:50 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
I was just looking at both PCGS and NGC and they pretty much say the same thing with regard to plus grades. They both state that the coin must be at the high end of its technical grade and have very good eye appeal. NGC gives the star for exceptional eye appeal. I am not completely sure but I think all the graders must give it a star or it does not get one.
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SeatedNut's Avatar
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 Posted 01/11/2012  11:35 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
Did anyone notice the first pic is a 1936 and the holder is a 45-D?

I would cross it to NGC if you REALLY want to see a star on the holder (no guarantee it would get it). I'd leave it in the PCGS holder if you wanted greater marketability.

NGC came out with the "star" to indicate superior eye appeal and not necessarily a technically higher grade. PCGS came out with the + a bit over a year ago to indicate a technically higher grade, but not quite the next grade. MS66+ would equal MS66.5.

When you boil it all down, both the 'star' and + are marketing ploys by the top two. Not sure how much business NGC got with the star, but PCGS is taking the + to the bank.
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FlipOfACoin's Avatar
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 Posted 01/11/2012  12:14 pm  Show Profile   Bookmark this reply Add FlipOfACoin to your friends list Get a Link to this Reply
I posted the wrong obverse picture by mistake. Thank you for bringing that to my attention. I can't believe I didn't notice...

Here is the correct obverse picture.


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FlipOfACoin's Avatar
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 Posted 01/11/2012  4:31 pm  Show Profile   Bookmark this reply Add FlipOfACoin to your friends list Get a Link to this Reply
How much greater marketability, percentage wise, are coins certified by PCGS over coins certified by NGC?

In December I put together a set of WWII silver nickels in MS67, all certified by NGC. If these same coins/grade were certified by PCGS the set would have a higher market value?
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SeatedNut's Avatar
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 Posted 01/12/2012  10:38 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply

Quote:
How much greater marketability, percentage wise, are coins certified by PCGS over coins certified by NGC?

In December I put together a set of WWII silver nickels in MS67, all certified by NGC. If these same coins/grade were certified by PCGS the set would have a higher market value?


Well now, that's a good question. First you would need to have PCGS grade them all at the same or higher grade. From experience and observation that's about a 50% proposition. Adding in all the associated costs, I'd recommend you leave them as they are.

There are just too many varialbles to answer your first question and support it with data. But you can reach your own conclusions by conducting tests. Find two coins (same type/mintmark, grade and eye appeal) with one in a PCGS holder and one in a NGC holder. Bookmark them and compare at auction close. Do this enough times and you'll get the idea. Right or wrong (always evaluate the coin in the holder and not the holder) public perception seems to swing towards PCGS more frequently.
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upstate's Avatar
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 Posted 01/12/2012  2:34 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Doesn't NGC do a CAC sticker or something like that?
Valued Member
FlipOfACoin's Avatar
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 Posted 01/12/2012  4:32 pm  Show Profile   Bookmark this reply Add FlipOfACoin to your friends list Get a Link to this Reply
Seated Nut: It does seem like PCGS coins garner a higher price than NGC coins, all things being equal.

I think I will try your idea. I would like to conduct the test using my own coins since I would have them in hand to compare. I'll have to decide where to conduct the test

I really can't afford ebay anymore. Even though I have a perfect record, I am tired of the nearly 30% in fees. As of yet, I have not found another place to readily unload my duplicates and other coins, etc... I am sitting on a mountain of inventory, any ideas?

Perhaps I will use TeleTrade as the 'market place' for the test. Thanks for the tip and your thoughts!
Edited by FlipOfACoin
01/12/2012 4:32 pm
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upstate's Avatar
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 Posted 01/13/2012  8:18 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Stick around and sell your extras here
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