NGC Launches A Well Received Plus (+) Designation to it’s Repetoire

Posted on 5/24/2010

Unbelievable … NGC just released a new grading service for coins of superior quality.

On May 25, 2010, all eligible coins submitted to NGC for grading will be reviewed for this highly touted Plus Designation (+). NGC assigns a + to coins at the high end of their assigned grade, approaching the quality requirements for the next grade. In addition to their superior technical merit, coins receiving a plus must provide a above-average eye appeal.

PLUS DESIGNATION

• Definition - NGC assigns a to coins at the high end of their assigned grade, approaching the quality requirements for the next grade. In addition to their superior technical merit, coins receiving a must have above-average eye appeal.

• Eligible coins - All US coins, 1792 to 1964.

• Applicable grades - XF 45 to MS 68, and Proof coins, PF 45 to PF 68.

• Additional service fee - None; coins submitted using grading tiers are automatically evaluated for.

NGC assigns the only ratings to United States coins issued from 1792 to 1964, and the plus Designation is available in combination with all grades from XF 45 to MS 68, inclusive. Coins submitted to NGC under applicable grading tiers including Economy, Early Bird, Gold Rush, Specialty Gold, Express and Walk Through tiers are automatically examined for and during grading, and there is absolutely no additional fee or special service request.

All coins submitted for on-site grading at trade shows and other events are also considered for the Plus Designation (+) at time of grading.

Coins already certified by NGC must be submitted for Re-Grade using one of the above-mentioned grading tiers to be evaluated for. All Cross Over submissions at applicable grading tier levels are also reviewed for during grading.

Mark Salzberg - NGC’s chairman and grading finalizer commented by stating “We have been overwhelmed by the flood of support and enthusiasm for the launch of the NGC Plus Designation. For a number of years, collectors and dealers have wanted NGC to recognize premium quality-grade coins because our unique capabilities allow us to distinguish these differences with accuracy and consistency — providing credibility and consumer confidence to this segment of the market.”

Salzberg continued, "Although we have used discriminators of premium quality internally at NGC for a number of years, the Plus Designation allows us to convey this information in a simple and straightforward way on our certification label. We listened very carefully to comments we received from throughout the numismatic community during the months that led up to this service launch, and in response we believe that we are offering our customers the best value and most-preferred services in the industry."

As a coin dealer and practicing numismatist, I am extremely pleased about this addition of the “Plus Designation (+)” and recognize NGC’s foresight and awareness to deliver this valuable designation to superior coins in this highly competitive and growing marketplace around the world. Precious Metal Advocates at www.pmacoins.com genuinely supports this move and looks forward to participating by finding, buying, certifying and selling the value of coins with this prestigious designation.

Jim Fisher, partner of Precious Metal Advocates