My Coin went down 300 points after my request?

[jgrinz]

I thought there is a discrepancy between MY 1883 1c Indian PF65 Red Cameo which is a (1 of 1) - Three total in the series.

The points for a 66 (which none exist ) and the 67 which there is 1.

Mine went down 300 points - please explain?

Mike

GRADED BY:	NGC
CERT NUMBER:	3172113-001

 

 

[Ali E.]

15 minutes ago, jgrinz said:

I thought there is a discrepancy between MY 1883 1c Indian PF65 Red Cameo which is a (1 of 1) - Three total in the series.

The points for a 66 (which none exist ) and the 67 which there is 1.

Mine went down 300 points - please explain?

Mike

GRADED BY:	NGC
CERT NUMBER:	3172113-001

 

 

Hello and thank you for the inquiry.

Please log in to your Collector Society account and click on the HISTORY tab of your set. There you may see all changes.

[jgrinz]

This was after I requested a review for an increase.

The coin went down 300 points

[jgrinz]

Never mind is see that in a whim the administrators can change them at will.

Ok thanks

 

[Ali E.]

44 minutes ago, jgrinz said:

Never mind is see that in a whim the administrators can change them at will.

Ok thanks

 

 

Hello, Jgrinz.

We have included this description of the NGC scoring algorithm, in case you are interested. Thank you.

 

NGC Registry- Scoring Program

We place a score value on each coin that is based on the relative rarity of its type, date and grade. This value takes many factors into account such as grade, population, market value, eye appeal and expert opinion. When a set is ranked in the registry, its rank is judged based on the total of the individual scores of all the coins. 

There is, however, no one perfect source that accounts for all the elements needed to be considered when ranking sets in the Registry. Comparative values of coins in the market can appear distorted (especially at the top end). On the other hand, the grades alone are a poor indicator of how much "finer" a coin is because the grade does not reflect the rarity of a coin. 

Through extensive market research, we are able to provide a ranking system that recognizes the intelligence of the market, but offers a more true reflection of relative rarity than does market value, because it appropriately adjusts for market distortions.

 

Also, U.S. coins in TYPE sets have different scores than they do in DATE sets.

Most coins receive two scores depending on the set: a "Date Score" and a "Type Score". The Date Score is for date sets such as Lincoln Cents 1909-1958 and reflects the value and rarity of the coin. The Type Score is used only in type sets, where the goal is typically to acquire any example of a single type. Therefore, all coins of the same type will receive the same score, which often results in a lower score for rarer or more valuable dates.

[jgrinz]

Thank you for this … this is why I added information about rarity when I first requested

Thank you for your time.

m