ADDING GOLD COINS TO THE TYPE SET

[chinook]

Does NGC have any plans on adding gold coins to the USA type sets? This would make it a more complete set, IMO.

[SLUGGO]

Hi: I think that the 19th and early 20th C. proof gold type set format needs to be updated. Right now, it is conditon that sets the point standard, rarity is not a factor, while in 19th C. silver or nickel proof date sets, it is not only condition, but rarity which contributes to the scores. There are many dates in proof gold that have only 25-30 pieces minted in proof and they are rated the same as ones that have several hundred minted.

 

In addition, the earlier low mintage coins are not available in Pr 66 cameo for example, while the later ones in the early 1900's are available in as high a grade as Pr 67 Cameo. The earlier dates on Pr 65 cameo will most likely cost more than the later higher grades. This demonstrates my point that Proof type gold sets need to be graded on BOTH condition and rarity.

 

MARK SLOTKIN

SLOTKIN FAMILY TRUST PROOF SETS

[DWLange]

The whole concept of type collecting is to obtain the highest grade possible, and this is usually accomplished by selecting one of the more common issues. Therefore, the scoring is based on the most common date/mint of each coin type.

[SLUGGO]

HI DW: Well, I disagree based on the following reasons. Coins are given points in two ways; condition and rarity. Throughout the 19th C. spectrum of coin collecting, the NGC Registry awards points on both criterion. Yet, on gold type sets, they base points only on condition. Why is that?

 

IMO, this is an inconsistency that needs to be corrected. There is no difference between collecting a Gold Type Set or a Proof Date Set. One needs to "fill the spaces", yet filling with common dates in premium grades that cost much less in Gold Type Sets is unfair to those collectors who want to collect the better date coins which simply are not available in equally high grades. The rarer coins with low mintage cost much more than common dates and should be rated accordingly.

 

Thus, what is good for the goose (date sets rated by grade and rarity) should be good for the gander (Gold type sets, now based only on condition).

 

MARK SLOTKIN

SLOTKIN FAMILY TRUST PROOF GOLD TYPE SET.