My face when I saw your post... Anyway, I had a thought. It can be seen that coins can clearly tone after encapsulation depending on their storage environment. If this was known back then, why did they even think to have a "W" in the first place if that could've changed? It's almost like NGC was saying, "White...for now" The "T" seems a bit silly to me also, although I can see how either designation could be useful if buying coins without pictures or with bad pictures.
It sold again in December 2011 for a whopping $1840!!! http://coins.ha.com/c/item.zx?saleNo=1162&lotNo=8206
That is just the way that Conder classified them. Take a look at his thread on the subject and I think you will change your mind. NGC Slab Varieties
The differentiation of "generations" is often a small change. Many are changes in labels or holograms. If your brain prefers to think in smaller numbers they can be largely grouped into: 1) Black holders 2) White no-line fatty holders 3) White holders with a line (seam) between the label and coin and no edge-view 4) White holders with EdgeView prongs -------------------------- I would fathom that PCGS has just as many differentiated "generations", if not more.
I was away for the weekend, and I just got back. I took a few new pictures of some of the W/T holdered NGC coins in my collection. 1944-D Jefferson Nickel, graded MS67T, NGC Generation 8 holder: This is actually my favorite Jefferson Nickel in my collection. The cheek is about as clean as you can get, and I love the hints of champagne toning. All the more cool was the holder. This one will remain in my collection for a long time as my War Nickel type coin. 1954 Washington Quarter, graded MS65T, NGC Generation 8 holder: This coin is an example of the difference between how the "T" designation was applied as opposed to the ★ designation -- not all toning is "eye appealing". I snagged this one on the Bay a while back for next to nothing, mostly for the old NGC8 holder and the "T" designation. 2000-P Virginia State Quarter, graded MS67★W, generation 7 NGC holder: This is an example of how the "W" designation only applies to the color of the coin when holdered. This quarter now exhibits a golden/champagne tone on both the obverse and reverse, despite the "white" designation. My best guess for the ★ designation assignment on this coin is for the semi-prooflike surfaces.
Brandon, That coin certainly does not deserve the assigned "T" designation but it is a beautiful Jefferson with great luster and a very good example of the "halo effect". It does show the inconsistency with the application of the designation and helps us understand why the designation was ultimately discontinued. Paul