Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The NGC "T" & "W" Designations--The Lost Designations
>
Reply to Thread
Message:
<p>[QUOTE="Lehigh96, post: 1471031, member: 15309"]Most certified coin collectors are aware of the NGC star designation which is used for coins with exceptional eye appeal or coins that just miss CAMEO, DEEP CAMEO, PL, or DMPL status. The following link will explain more about the NGC star designation which NGC unveiled in June 2000: <a href="http://www.ngccoin.com/coingrading/plus-and-star-designations.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/coingrading/plus-and-star-designations.aspx" rel="nofollow">PLUS AND STAR DESIGNATIONS</a></p><p><br /></p><p>What most collectors don't know is that just prior to the introduction of the star designation in the early part of 2000, NGC introduced two designations designed to inform the buyer that the coin was completely toned "<b>T</b>" or completely untoned "<b>W</b>". Unfortunately these designations were not widely accepted by the numismatic community and were discontinued on 8/1/2002, see link to NGC announcement: <a href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=327" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=327" rel="nofollow">NGC TO DISCONTINUE "W" DESIGNATION</a></p><p><br /></p><p>Since the designations were only used for 2.5 years and were discontinued a decade ago, it stands to reason that many collectors might have never seen or heard of a coin bearing either of these designations. I don't know whether these designations by themselves drive a premium but in my experience, they are exceedingly rare. In fact, I only own one "<b>W</b>" and two "<b>T</b>" coins. The "<b>T</b>" designation was used on almost all of the Appalachian Jefferson Nickels which were also slabbed in the NGC generation 8 holder that was only used for a 4 week period spanning August-September of 2000. Here is an example:</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1944-DNGCMS67T.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The "<b>W</b>" designation was very problematic in that it represented a completely untoned coin at the time of encapsulation but became inaccurate if the coin developed minor toning after encapsulation. The following is an example of a coin that was completely untoned when graded "<b>W</b>" designation as well as having exceptional eye appeal and a "<b>*</b>" designation. Close inspection of the photo reveals that the coin has developed some minor champagne toning on both sides since being graded.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1942-SNGCMS66StarWwLabel-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>Over the years, collectors have had many of their coins re-holdered for various reasons. Those reasons are not important but what is important is that once you send a coin in for re-holdering, it is NGC's policy to remove any discontinued designations from the label of the coin. However, NGC will not change the certification number which keeps the original submission number intact. As I stated previously in this thread, most all of the Appalachian Jefferson Nickels were graded in early September of 2000 during the use of the generation 8 slab. The known submission numbers of the Appalachian hoard are: 291239-xxx, 291240-xxx, 291279-xxx, 291281-xxx. We can see that the first Appalachian posted in this thread resides in a generation 8 slab with a "<b>T</b>" designation and the certification number 291240-xxx. Here is another coin from the same submission that was reholdered and resides in a NGC generation 17 holder which started in November 2004. Please note that the "<b>T</b>" designation has been removed.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1944-DNGCMS67wLabel.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Fortunately from time to time, NGC makes mistakes like everyone else. This coin was resubmitted by the monsterman, Gregg Bingham, who had his pedigree added to the label while it was re-holdered. The NGC employee making the label for the coin forgot to remove the "<b>T</b>" designation and this might be the only coin to reside in a generation 17 slab to bear a "T" designation. And it rightly bears a "<b>*</b>" designation for exceptional eye appeal as well.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickel%20Registry/JeffersonNickel1945-DNGCMS67.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Several members have contacted me asking for more information on this topic, I hope that you have found this post informative and interesting![/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1471031, member: 15309"][B][/B]Most certified coin collectors are aware of the NGC star designation which is used for coins with exceptional eye appeal or coins that just miss CAMEO, DEEP CAMEO, PL, or DMPL status. The following link will explain more about the NGC star designation which NGC unveiled in June 2000: [URL="http://www.ngccoin.com/coingrading/plus-and-star-designations.aspx"]PLUS AND STAR DESIGNATIONS[/URL] What most collectors don't know is that just prior to the introduction of the star designation in the early part of 2000, NGC introduced two designations designed to inform the buyer that the coin was completely toned "[B]T[/B]" or completely untoned "[B]W[/B]". Unfortunately these designations were not widely accepted by the numismatic community and were discontinued on 8/1/2002, see link to NGC announcement: [URL="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=327"]NGC TO DISCONTINUE "W" DESIGNATION[/URL] Since the designations were only used for 2.5 years and were discontinued a decade ago, it stands to reason that many collectors might have never seen or heard of a coin bearing either of these designations. I don't know whether these designations by themselves drive a premium but in my experience, they are exceedingly rare. In fact, I only own one "[B]W[/B]" and two "[B]T[/B]" coins. The "[B]T[/B]" designation was used on almost all of the Appalachian Jefferson Nickels which were also slabbed in the NGC generation 8 holder that was only used for a 4 week period spanning August-September of 2000. Here is an example: [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1944-DNGCMS67T.jpg[/IMG] The "[B]W[/B]" designation was very problematic in that it represented a completely untoned coin at the time of encapsulation but became inaccurate if the coin developed minor toning after encapsulation. The following is an example of a coin that was completely untoned when graded "[B]W[/B]" designation as well as having exceptional eye appeal and a "[B]*[/B]" designation. Close inspection of the photo reveals that the coin has developed some minor champagne toning on both sides since being graded. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1942-SNGCMS66StarWwLabel-1.jpg[/IMG] Over the years, collectors have had many of their coins re-holdered for various reasons. Those reasons are not important but what is important is that once you send a coin in for re-holdering, it is NGC's policy to remove any discontinued designations from the label of the coin. However, NGC will not change the certification number which keeps the original submission number intact. As I stated previously in this thread, most all of the Appalachian Jefferson Nickels were graded in early September of 2000 during the use of the generation 8 slab. The known submission numbers of the Appalachian hoard are: 291239-xxx, 291240-xxx, 291279-xxx, 291281-xxx. We can see that the first Appalachian posted in this thread resides in a generation 8 slab with a "[B]T[/B]" designation and the certification number 291240-xxx. Here is another coin from the same submission that was reholdered and resides in a NGC generation 17 holder which started in November 2004. Please note that the "[B]T[/B]" designation has been removed. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1944-DNGCMS67wLabel.jpg[/IMG] Fortunately from time to time, NGC makes mistakes like everyone else. This coin was resubmitted by the monsterman, Gregg Bingham, who had his pedigree added to the label while it was re-holdered. The NGC employee making the label for the coin forgot to remove the "[B]T[/B]" designation and this might be the only coin to reside in a generation 17 slab to bear a "T" designation. And it rightly bears a "[B]*[/B]" designation for exceptional eye appeal as well. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickel%20Registry/JeffersonNickel1945-DNGCMS67.jpg[/IMG] Several members have contacted me asking for more information on this topic, I hope that you have found this post informative and interesting![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The NGC "T" & "W" Designations--The Lost Designations
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...
