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NGC Expands Star Designation To World Coins

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bobby131313's Avatar
United States
24151 Posts
 Posted 01/22/2014  2:35 pm Show Profile   Bookmark this topic Add bobby131313 to your friends list Get a Link to this Message Number of Subscribers
NGC-Expands-Star-Designation-To-World-Coins
The following is a press release from NGC

Beginning February 1, world coins will be eligible to receive the coveted NGC Star Designation.

Numismatic Guaranty Corporation® (NGC®) has announced that world coins will be eligible for its popular NGC Star Designation® () starting February 1, 2014. The NGC Star Designation identifies coins with exceptional eye appeal, including vibrant, colorful toning or intense luster.

NGC-Expands-Star-Designation-To-World-Coins

Eye appeal is considered to be a coin's most subjective attribute, but the introduction of the NGC Star Designation in 2000 has significantly helped to standardize its definition. A registered trademark of NGC, the highly coveted NGC Star Designation distinguishes coins with exceptional
eye appeal from those of the same technical grade.

With the growth in the world coin market in recent years, NGC has seen increasing demand for an impartially assigned identifier of exceptional eye appeal for all coins.

NGC-Expands-Star-Designation-To-World-Coins

"The NGC Star Designation has become the industry's premier recognition of exceptional eye appeal for United States coins," says Mark Salzberg, chairman of NGC. "After considerable feedback from collectors and dealers we will expand the NGC Star Designation to include world coins.

NGC applies the to qualifying coins in its normal course of grading except for coins graded MS 70 and PF 70 because they are already at the ultimate grade. Coins already certified by NGC can be resubmitted and reviewed for * using the Designation Review service.
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Tom Goodheart's Avatar
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 Posted 01/22/2014  3:38 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Trouble is ... in my experience, what many US collectors seem to like in terms of toning is not always attractive to, say, UK collectors.

So while NGC have given the Argentinian 8 Real a star, it just looks plain ugly to me.

Seems odd to try to standardise something that NGC themselves admit is subjective. And I suspect this will just fuel the already at times heated debate in the UK about third party grading!
Edited by Tom Goodheart
01/22/2014 3:38 pm
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 Posted 01/22/2014  8:32 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
hmmmm should be interesting. That 5 Sov is a monster!
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 Posted 01/23/2014  2:41 pm  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply

Quote:
Trouble is ... in my experience, what many US collectors seem to like in terms of toning is not always attractive to, say, UK collectors.


That about sums it up

And to add in.... eye appeal is not that important. If there is a coin that has a significant story behind it and only a handful known to exist eye appeal is going to be well down the list of importance for that coin.
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SsuperDdave's Avatar
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 Posted 01/23/2014  2:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Trouble is ... in my experience, what many US collectors seem to like in terms of toning is not always attractive to, say, UK collectors.

So while NGC have given the Argentinian 8 Real a star, it just looks plain ugly to me.


It's ugly to this American, too, but I have the feeling the image doesn't do the coin justice.
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DVCollector's Avatar
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10045 Posts
 Posted 01/23/2014  5:35 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I sorta understand how TPGs want to quantify everything. Then again, a star won't change my opinion of what I see--and eye appeal is very much an opinion.
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