Crawtomatic

Cards have a lot less points on the scale. Only the half grades. [Unless you consider that SGC used a 100 point scale well in the past they had to convert to the 10 point scale. I feel like that was when they were part of the CCG umbrella but I'm not certain.) This NGCX scale feels more akin to comics/magazine/publications grading. Which I'd point out is about as well established as coin encapsulation in tenure. It's definitely usable but needs more depth on the low end to capture everything we have in the Sheldon/ANA scale.

FYI, just showed the video and scale to my 12 year old son who's been haggling with dealer over IHC prices since he was 9. He said the announcement video looked like a trailer you'd see in a movie theatre. Then he had questions about the scale and translating it to the scale he knows. He did point out there's less depth - for lack of a better word - in the shallow end of the pool on the NGCX scale. Like, you're not going to see the differentiation between a 2, 4, 6, 8, & 10 when you only have 1, 1.5, 2. So I pointed out it's supposed to be modern coins only. But that's a hurdle to consider if introducing a new scale. Scarcity often dictates playing in the low end. And a '13-S Type 2 5c definitely has visible differences in that low range and the price differences to reflect it. If you introduce a new scale it should be, well, scalable to apply to all coins. BTW, only Mountain Dew has carte blanche to use the X suffix however and whenever they like.

Very much agreed. I watched it but didn't act on it much as I would have if I were a gambler. The big unknown is whether a coin will cross due to the largely subjective nature of grading and weight on eye appeal. There used to be a sizable gap between high grade business strike SBA's but I don't know if it's closed at all.

I'm still forming an opinion on the concept. My initial response last night when it came across my phone was pretty similar to all the 'don't like it' replies here already. But after reading all of your replies, having a full 24 hours to consider it, and looking through the scale description more I'm less against it. The grading scale can be a knowledge barrier for the casual collector when it's not in line with other collectibles. I guess this addresses that. 2 initial thoughts that are still with me after 24 hours: 1. The design of the label. Still don't really like it after looking at it again. The placement of the grade may possibly benefit from shifting down to accommodate for coins with longer names. Certain foreign coinage can have long names and abbreviations can get messy. The grade font is a lil big. 2. X. It's not 1995 anymore. Why anybody in a marketing division is suggesting a stylized X on the end of any brand name is beyond me. My opinion isn't going to change what NGC does so I'll just be curious to see how this goes. Mostly curious to see some crossovers from the old scale to the new scale. It looks like they should be easy translations. Wonder if they also drop the + with this.

Oh wait. Being completely honest here, I've been way more focused on comics & cards the past year just letting the coin collection marinate. Are you saying there's been a run-up in PCGS prices vs. NGC for the same/similar coins? I used to watch that kind of thing in the past for good crack & resubmit for profit opportunities. If there's a wide margin between NGC & PCGS in the same grade some of the bidding could be from crossover potential. Just checked and yeah, that would be a good candidate coin. If it crosses for a straight grade you have to be able to stomach a 1 or 2 grade difference. But not so much when there's a green bean present.

Right. I was referring more to Eagle who quoted the NGC price guide of $300. But other than GC, I'd also check eBay & HA for comps. Maybe even David Lawrence's site to see if they've got a similar item listed retail. At least on most widget type coins. If something is especially rare then it's a best guess situation.

I have not considered the NGC price guide to be current in some time now. Though, that stands for most price guides published. Sales history, past & current, is typically a better source of value. What I find price guides good for is to quickly skim a list and see which items stand out from the rest - they're usually keys, and semi-keys then. I don't know the Morgan series as much as others but it's possible there's an unattributed VAM involved.

I think so. There was this TPG set to enter the market in France back in 2018 called GENI. Super cool little holder if you ask me. But I'm not sure if it was vaporware or still active. The website still shows en construction and all the images are similar types of pics. https://numismag.com/en/2018/02/14/challenger-francais-monde-grading-numismatique/grading-monnaie-geni-numismag-1/ * Oh wait, no. It's a different scale. There's an "F 99" on one of these listed for sale on eBay. 258 current listings (including the false flag keywords). Curious to know if they're still going or if this is just leftovers.

I'd describe my origin story the same way. Except it was Norfolk/Hampton Roads in the 80s. So about 2 decades behind you with the added bonus of an awesome crack epidemic and a decent soundtrack. I was fast, but skinny, so I learned how to diffuse a situation with words. Most times. Earned a lot of XP as the designated delegate to talk to cops when we crossed paths.

Man, I was actually giving serious thoughts to the etymology of that term the past weekend. Burner has been used before to describe guns either stolen or used in a crime. That predates the existence of cellphones but the premise applies. Something you use once then toss. Then I started wondering 'why burner?' Is it because guns of questionable provenance may not necessarily be cleaned and serviced? Resulting in a firearm malfunction causing....burns. I think that's possible. I want to say I even read in passing the usage of the word burner to describe a gun during the prohibition days. But can't seem to find a reference for that currently.

ALT = alternate account. Like a burner phone for social media. I'm not sure he intended the remark for you or the author of the topic. It's just....there.

I don't recall if I read this or just imagined it but the term slider may also have roots in commerce. Change, typically coins, being given back to a customer by slid across a counter. Just enough wear and friction to break luster on the high points on an otherwise uncirculated coin.

Hey Bob! I've been great. Thanks for asking. Probably been more involved on the CGC forums over the past year (or lurking on blowoutcards) as I shifted collecting focus back to comics & cards. How's everything with you?

annnnnddd.....that's my reminder why I don't check into these forums as often as I used to. The more I read it the more I'm convinced it's a chatbot testing.

@W4CLM Hi Carol. When you see the response, "Our team has decided this coin is best represented in a Custom NGC Registry set." I believe the message is that there is simply not enough interest from the coin collecting community to warrant NGC investing time & resources to create a new set list, determine values, host the pages, etc... I would very much doubt it is related to recognizing the geography and established statehood of each country.

In addition, the wear and marks on Monticello show it to be circulated so it wouldn't qualify for a FS designation anyhow. Not that it would qualify either way.

I think $600 would be optimistic. I'd expect somewhere around $200 in an auction setting.

@Outhaulhe included the cert number so it's easy to lookup the NGC images. https://www.ngccoin.com/certlookup/5954708-001/66/ from the label: Mint Error Struck on 50c Thickness Stock (6.2g), AU55

This "instant expert" perception is most likely true. That would explain the dealers I've encountered that put me off once I hear them talking authoritatively about a topic or item even if incorrect. Certainly not limited to numismatics but with so many different avenues of collecting, classifying, and researching nobody is expected to be an expert on each. I'd be far more impressed, and likely to do continued business, with a dealer who said something was outside of his expertise but either suggested or introduced me to somebody else at the show who knew more on the subject.

@124Spider Keep in mind it's still the day of release as well. We're yet to see how it works out and if the supply truly is enough for demand. The online sales currently of pre-order status for an item that ships in 2 months could very well be inflated by FOMO affect. Fear Of Missing Out for those unfamiliar with the acronym. Or the current pricing could be deflated based on resellers not willing to float the expense for 2 months. Last year for instance I considered the 400th Anniversary items for a potential flip. Ultimately decided not to. They they sold out in 30 minutes and I doubted how well I knew the hobby. But here, 9 months later, you can get them on the secondary market for barely above issue price. Seller's probably close to breaking even after fees.

That's a legit thought. But then they run the risk of not selling their inventory. As long as they're pricing the item at a comfortable profit margin they're better off selling out completely than warehousing product for months/years trying to milk it for full profit.

Though it would be pretty sweet to have an option similar to Heritage's where you can make an offer on a coin direct through the registry.

Agree with RWB on this based on the question asked by OP. If OP had asked about adding value then there's other factors to consider. i.e., likelihood of grading PF70 and then whether or not that's the median grade or above average.

This comes to mind every time I see a discussion - regardless of topic - where collectors condemn speculators/flippers/scalpers.

"1964 SMS"...."Branch Proof Morgans"...."(a 3rd example would be nice)".....if you choose to hunt MobyDick-type coins that may or may not just be creative marketing and not actually different than high grade production items then there's going to be a lot of failure along the way with no guarantee of success. There's a lot of other items to hunt that are less stressful & less infuriating.