Recently picked this one up. Only the second time I've seen the "W" in grade which I believe stands for "White". You can tell it's one of their older labels and the W grade must have been short-lived because you don't see it often.
Those are usually more valuable because they did not run for so long. Many of the Appalachian Hoard's nickels are housed in holders marked with a T for "Toned". These coins usually fetch over $150 for the toning and the rare slab label. Nice find!
Just a few (definitely not my collection, although I wish they were) On eBay for $95 On eBay for $750 On eBay for $350
I just thought of a terrible thing! There is a 2019 Lincoln cent and some of the 2019 ATB quarters that have the West Point mintmark on them. All we need is someone on BoobTube to pawn off some of these graded by NGC with the "W" as a rare variety. Chris
The T designated slabs from NGC are much harder to find. Even the W designated coins carry premiums. I never go see any of those videos. It piques my interest when people mention them. But, then I forget to go watch them. The reviews I get here are good enough to keep me away. Unfortunately, Chris you are right. How many people come on here that go "my coin is missing the mintmark"? That is for sure a BoobTube video talking about the no S proofs and how valuable they are. Then they show us a circulating coin without the Philly mark. Most people don't even know what the P,D,S and W represent.
I have a whole set of the 2001-S Silver State Quarters. Graded PF 69 W Ultra Cameo. I also have a Roosevelt dime graded MS66 W with a different label and holder type than the proofs. I just took pics to show the labels.
Here is a thread from @Lehigh96 with good information about the T & W: https://www.cointalk.com/threads/the-ngc-t-w-designations-the-lost-designations.208532/ This link on his thread is broken, so here is an updated one about NGC discontinuing those designations: https://www.ngccoin.com/news/article/73/ And some specifics: "The reason for ending its use is simply that the marketplace doesn’t see a great need for this designation. It was introduced by NGC about 2-1/2 years ago* at the suggestion of some dealers and collectors who wished to distinguish between toned and untoned coins. A recent re-evaluation of this designation by NGC suggests that it has had minimal impact on the coin market." *This would put the date around early 2000 as the article was from August 2002.
Chris, the immediate thought when I saw the label was "West Mint?" despite knowing they didn't produce quarters for that date and the obvious placement of the W on the grade line. Funny how the natural reaction is to think West Mint. Hopefully no scammers attempt to do such a thing and if they do hopefully they don't succeed. For this reason buyers need to study what exactly what it is they are buying!
It is pretty amazing how many people don't know the details of the coins in circulation, such as the mint marks you mention. Also amazing how many people don't even realize we are 10 years into the National Parks Quarter Series. Many know about the States Series, but ask them what the date range is of that series and they're almost always clueless.
I’m pretty sure a cursory glance at the coin would tell you more than you would ever want to know. Sight unseen from a price list would be a different story.
True with regard to color and I'm guessing the color designation was also discontinued cause of the realization that color can change over time. Yes, especially with regard to wear (and counterfeit detection). I think professional grading was revolutionary for coin collecting. It allowed inexperienced people to get into collecting with a sense of security (the guaranty). Couple this with the tremendous growth of ecommerce and you have the creation of the largest coin market in history... sitting in front of your computer screen.
