Coagman

14 hours ago, Coinbuf said:

One part of this subject that has not been discussed is how many points are we talking about for each bean.  I did not see anything in the announcement to indicate how many points will be given for each bean.  If its only a few points say 5 and 10 respectively then this will mostly amount to nothing.   However if it turns out to be say 50 or more that could add up rather quickly.

I was curious about this too.  I emailed this question to NGC a couple of days ago, but haven’t yet received a response. 

My question was how will the green sticker premium be determined?  Will it be a percentage of the coin’s score or is it somehow related to the score of the coin in the next grade up? 

Also, will both NGC and PCGS coins be eligible for the CAC sticker bonus?  I assume so, but just wanted to confirm.

I really like the decision to award CAC approved coins more points.  Green stickered coins represent the mid to upper end of the grade spectrum, while gold stickered coins represent at least the next grade up.  An NGC or PCGS graded coin that has been reviewed by CAC, but didn’t receive a sticker can be accurately graded, just not in the upper end of the grade range.  The absence of a CAC sticker doesn’t mean that NGC or PCGS assigned the wrong grade. 

I agree that a PL double eagle set would not be nearly as popular as the Morgan dollar series with that designation, however, with the popularity of PL doubles eagles there would likely be some collectors who want to display these coins even if they can't complete an entire set.  In fact, I can think of less than a dozen collectors all time who have completed the entire double eagle series (minus the 1861 Philadelphia Paquet issue), so completion shouldn't be a requirement.

NGC has had a long standing thread asking for suggestions on new Registry sets, and currently there are over 78,000 for US coins with many more foreign coin sets.  To me, this doesn't seem to be an outlandish request to have a Registry set featuring PL doubles eagles

Thanks for the responses. 

In another series (Morgan Dollars, PL and DPL Only), NGC offers a Registry category with only PL and DPL coins allowed (see link below), though clearly there are more Morgan collectors than double eagle collectors. 

http://www.ngccoin.com/registry/competitive/united-states/dollars/146/1/

NGC, until recently, has had a distinct advantage over PCGS by designating worthy coins as PL/DPL.  This advantage could be leveraged through their Registry program.  PCGS offers multiple Morgan Dollar sets in which only PL and DMPL coins are allowed.  I wonder whether PCGS will be adding PL/DMPL sets in other coin series now that they have opened the designation to all coins. 

physics-fan3.14 – Nice PL Double Eagle.  Here is another of the same date.

Five years ago, I made a request to NGC to consider adding a new Competitive US Coins Registry set for Prooflike (PL) Double Eagles.  At that time, NGC politely responded that “this type of set is more appropriate for a Custom NGC Registry Set.” 

Over the past five years, Double Eagles designated as PL (and DPL) have gained in popularity, and the prices of these PL coins have increased significantly compared with similar coins not designated PL by NGC.  A few examples of recent sales of PL double eagles are listed below.  Virtually all of these coins would have sold within a few hundred dollar of melt value had they been typical non-PL examples. 

1907-D $20 MS63PL $4110 (Great Collections, June 2019)

1890 $20 NGC MS60PL $4800 (Heritage June 2019)

1872-S $20 NGC AU58PL $6600 (Heritage April 2019)

1873 $20 Open 3 NGC MS60PL $4080 (Heritage, April 2019)

1880 $20 NGC AU55PL $4560 (Heritage, April 2019)

1897 $20 NGC MS62PL $4320 (Heritage, April 2019)

1893 $20 $20 NGC MS63 $3583 (Stack's Bowers, Feb 2019)

I propose a new Registry category of Prooflike Liberty Head Double Eagles, Type 3, 1877-1907.  A vast majority of Type 3 Double Eagle dates/mints have examples designated as PL, although in some cases there are only a limited number available.  Prooflike examples are not available for most Type 1 and Type 2 Double Eagle dates/mints, so I recommend limiting the set to only Type 3s. 

I would be interested in hear what other forum members think about this suggestion.

NGC--Thanks for your consideration of this request. 

A new purchase.

 

IMO, not bad for a 61.

 

 

That is an attractive 61, and well struck. Congratulations!

1856-S $20 PCGS AU58 S.S. Central America

That is a beautiful 1857-S double eagle—very nice for a non-shipwreck coin.

I saw that one offered and agree it looks very conservatively graded. Congratulations.