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<p>[QUOTE="ranchhand, post: 168641, member: 2622"]I believe the star designation grew out of people buying graded coins sight unseen, you may purchase a coin that technically grades high but is ugly. If the coin is a star the buyer knows that the coin has superb eye appeal.</p><p><br /></p><p>Talking to dealers a LOT of coins are purchased and traded through dealer networks with no one actually seeing the coin until they get it. Usually the dealers are trying to fill want lists and trading stock around. Before TPG's the network was much slower, and customers would have to wait for major shows to get refreshed stock.</p><p><br /></p><p>I assume that this was also the reason that NGC was using "T" and "W" designations for a very short time (T = toned W = white) as it allowed for a more descriptive way for dealers to request specific coins for customers.</p><p><br /></p><p>I have also met a couple of people who go around the country to shows specifically to fill want lists for dealers, they are "dealers dealers". I would love that job <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="ranchhand, post: 168641, member: 2622"]I believe the star designation grew out of people buying graded coins sight unseen, you may purchase a coin that technically grades high but is ugly. If the coin is a star the buyer knows that the coin has superb eye appeal. Talking to dealers a LOT of coins are purchased and traded through dealer networks with no one actually seeing the coin until they get it. Usually the dealers are trying to fill want lists and trading stock around. Before TPG's the network was much slower, and customers would have to wait for major shows to get refreshed stock. I assume that this was also the reason that NGC was using "T" and "W" designations for a very short time (T = toned W = white) as it allowed for a more descriptive way for dealers to request specific coins for customers. I have also met a couple of people who go around the country to shows specifically to fill want lists for dealers, they are "dealers dealers". I would love that job ;)[/QUOTE]
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My "*" Coin from NGC
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