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cowbaby

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Journal Comments posted by cowbaby

    Revenant

    Posted · Edited by cowbaby

    On 11/11/2020 at 12:57 PM, Coinbuf said:

    The 75% rule is only for the major award winners, those winners receive a cash or equivalent award.  The best in category awards are not part of the major awards and are not subject to the 75% rule.  From the registry rules for major awards:

    "The winner in each of the following categories receives a plaque, a $500 NGC grading credit and an icon of recognition on their NGC Registry profile. At least 75% of the coins registered to a set must be NGC-certified to be eligible for one of the major awards."

    So this new set will win the best in category but cannot be considered for a major award as constructed. 

    Thanks, CoinBuf for that explanation. It certainly clears it up. I just knew I had read about 75% ngc for something. I didn't know about cash awards and plaques either so it makes sense. That's really nice.

    I might actually have a shot at something un-major someday., but boy its not going to be anytime soon with this covid stuff really cutting into me get a long.

    Revenant

    Posted · Edited by cowbaby

    I thought I read somewhere that only sets comprised of 75% NGC coins are eligible for awards? If true, you may keep winning. I don't have to worry too much about it myself as I think the sets I collect have a few billionaires around. Plus, a few of the coins in them are so hard to find reasonable in any holder,making some of these sets a pretty daunting task at today's PM prices. Much less all certain kind is almost impossibly hard without having to send them in for re-branding and hope they sill make the grade.

    I just don't worry about it as apparently a few dealers have listed about 100 sets of other people they know in my categories as to make the registry just a fun toy for me. I will never win an award if the 75% NGC rule is in fact true but, I enjoy it just the same.

    Also the world coins only allow NGC so I don;t even bother listing stuff there. Just too hard to compose a decent set in a single type holder for what I like to collect. I am grateful that they did start allowing that other brand in the US sets personally so I could at least play with it. Kinda gives you some incentive and keeps the collecting juices flowing that way. Overall good for the graded coin industry as a whole I think, JMHO.

    Hope you keep winning your set.