NGC * Star coins

Discussion in 'Coin Chat' started by Tater, May 18, 2010.

  1. Tater

    Tater Coin Collector

    How much of a premium should the star bring to a coin?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Mad.Outcast

    Mad.Outcast New Member

    it all depends on the coin in question.
     
  4. Tater

    Tater Coin Collector


    That's what I thought. I'm thinking of silver clad Ikes. What would the premium be for a ms68 star over a ms68 in 72s 73s or 74s? Does anyone know the populations.

    How about Peace dollars I've never seen a star given to a peace dollar?
     
  5. Mad.Outcast

    Mad.Outcast New Member

    there is no real price for a premium on a star coin.its just about what the dealer asks for,or what it sells for at auction.
     
  6. Lehigh96

    Lehigh96 Toning Enthusiast

    I don't know how many of those coins have ever received a star. I have only ever seen one MS68 IKE with a star and it was blast white but went for a big premium.

    1976-S Silver IKE NGC MS68*

    I have never seen a Peace Dollar with a star that I really thought deserved a star but they are out there. Here are few with modest premiums.

    1925 Peace Dollar NGC MS66*

    1923 Peace Dollar NGC MS66*
     
  7. Leadfoot

    Leadfoot there is no spoon

    I've never seen either a NGC * Ike or Peace dollar. I'm sure they exist, but I've never seen one that I can recall.

    That said, and with the exception of some Battle Creek and proof coins (where I think the * is misused to label lopsided coins), I think NGC does a very good job of assigning the *.
     
  8. Lehigh96

    Lehigh96 Toning Enthusiast

    The peacock IKEs were all graded by PCGS right Mike?
     
  9. Tater

    Tater Coin Collector


    wow that's about double for what that Ike was going for in 2008. You often place a 2x 10x market value one attractive toned coins, I wonder if their is a rule of thumb for the star coins, where they should have great eye appeal in theory.
     
  10. Lehigh96

    Lehigh96 Toning Enthusiast

    No there is not a rule of thumb, and I for one like it that way. I will say that the wholesale value is often inversely proportional to the premium. Coins with lower prices will usually fetch much higher multiples of that price as a premium. For example, here is a Kennedy Half dollar that has a Numismedia Wholesale Value of $8. I paid 33X wholesale for the coin.

    [​IMG]

    Contrast that with this 1880-S MS65 Morgan with a Wholesale value of $235 for which I paid $400 (less than 2X wholesale).

    [​IMG]

    Granted the toning on the Kennedy is a little more rare, but if the Kennedy were graded MS67 with a wholesale value of $750 I would expect it to sell for between $1,000-$1,500 depending on the collector interest and sales venue. No way the coin would sell for 33X wholesale though ($25K).
     
  11. au and ms coins

    au and ms coins Junior Member

    I would assume that a star ike would bring a large premium because most ikes are not very attractive
     
  12. Duncan

    Duncan Numismatist

    I feel dumb asking this but whats a star coin i know star notes but star coins????:eating:
     
  13. Lehigh96

    Lehigh96 Toning Enthusiast

    While not a collector of IKE's, I have never found it necessary to pay a huge premium for eye appeal. I think I paid $100 for this MS65.

    [​IMG][​IMG]

    Very pretty coin though!
     
  14. Mad.Outcast

    Mad.Outcast New Member

    NGC will grade a coin with a * after the grade,it is a sign of "premium"
    eye appeal etc.
     
  15. Lehigh96

    Lehigh96 Toning Enthusiast

  16. Duncan

    Duncan Numismatist

    Ohh i seee i see thanks Lehigh96
     
  17. Duncan

    Duncan Numismatist

    And Mad thanks
     
  18. jerseycat10

    jerseycat10 Peace Dollar Connoisseur

    Wow, what did those Peace Dollars have to warrant a *? They have very ordinary and unattractive champagne toning.
     
  19. mark_h

    mark_h Somewhere over the rainbow

    NGC requirements for eye appeal. What you consider unattractive maybe someone else's beautiful.
     
  20. Leadfoot

    Leadfoot there is no spoon

    I believe so, yes.
     
  21. Tom B

    Tom B TomB Everywhere Else

    It is my understanding that the Peacock Ikes are in PCGS holders and, in my opinion, the next generation of those Ikes that were produced found their way into PCI holders.

    As for the NGC *, I don't think you can generalize a premium percentage on such coins. The difference from coin to coin is significant and some * coins might be unappealing to you while others might blow you away.
     
Draft saved Draft deleted

Share This Page