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      Try the new NGC Journals!   03/22/2017

      NGC has launched a new and improved NGC Journals! Available on NGCcoin.com, the new NGC Journals improves upon the popular platform to write blogs and discuss them with other members. The new NGC Journals has an improved design that makes it significantly easier to post and read journals from any device, including smartphones and tablets. Adding images has been made much simpler, and the NGC Journals now give users the ability to create polls and "like" other entries. A popular feature of the old NGC Journals was the ability to open an entry to comments from other users. This feature has been retained and enhanced — users can now comment on the same page as the original Journal entry, creating a seamless experience. Best of all, the same login can be used to post Journals, make comments and access the other features of the NGC website. Old NGC Journals entries will be migrated to the new NGC Journals soon. In the meantime, users can make posts to the new NGC Journals. To get started, create a Journal and make an entry. Unlike the old NGC Journals, you create a single Journal and then add new entries to it. Your Journal can be customized with a cover photo, and you can choose to make it available to all users or only to the users that you select. You can also choose to receive notifications whenever people comment on one of your entries. Scroll below for helpful tips on using the new NGC Journals or go to the new NGC Journals now >   Instructions / Tips To get started, you must first create your Journal and then you can add entries to that Journal. Choose Journals from the Browse menu if you are not already on the Journals page

        Click Create a Journal

        Name your journal, add a description, add a photo, and choose if you want all users to see your journal or if you would like it available to a specific audience only. Click Continue to move on to the next step where you can add you first entry!

        Click Add Journal Entry to add a post to your journal

        Commenting on another user's Journal is easy. After selecting a journal to read, scroll to the bottom of the page where you will find the field where you may enter your comments and see the comments others have posted.

Grading thoughts
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6 posts in this topic

There's something about grading that has bothered me before I even collected coins. IMO If the very first coin off the die can be considered perfect then any coin that matches that original coin should be considered a 70. The definition of 70 needs to be changed. If in the 1900's, for example, you feel you have just the best looking coin that the mint can make. Then I think 70. 

Don't get me started on perfect 70's with extra info that somehow makes their 70 better than a plain 70. A 70 "Early Release" is no different than the plain 70. I can't stand it when I see one in the Price Guide that's worth more with that Early Release remark. I mean their both 70!

I'm done ranting or was it raving?

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Would you like some cheese with that whine? :roflmao:

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Posted (edited)

I completely agree with the rant about  "Early Release". The fact that the mint sent you coins in the first month  they were available does not mean anything. Many times the mint has already struck all that they are going to make. The fact that you got a box right away does not mean anything about the coin. You could in fact be getting that last one struck. For most of the Commemorative coins the mintage is so low that they probably struck all of them on the same day. Same goes for 1st day of issue.

Edited by asdfgh

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On 5/16/2017 at 6:14 PM, stgecko said:

There's something about grading that has bothered me before I even collected coins. IMO If the very first coin off the die can be considered perfect then any coin that matches that original coin should be considered a 70. The definition of 70 needs to be changed. If in the 1900's, for example, you feel you have just the best looking coin that the mint can make. Then I think 70. 

Don't get me started on perfect 70's with extra info that somehow makes their 70 better than a plain 70. A 70 "Early Release" is no different than the plain 70. I can't stand it when I see one in the Price Guide that's worth more with that Early Release remark. I mean their both 70!

I'm done ranting or was it raving?

The definition of a 70 used by the grading services is a coin that appears exactly as it was made, when magnified at 5x. It can have imperfections if those imperfections were on the dies.

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A while back before they started grading 70, some coins that were 69 grade were actually perfect or nearly so. I recommend looking for those coins and never spend premium money for that 70 coin because some have flaws anyway.

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On ‎5‎/‎16‎/‎2017 at 6:14 PM, stgecko said:

If in the 1900's, for example, you feel you have just the best looking coin that the mint can make. Then I think 70. 

Why limit it to the 1900's?  Under the reasoning you apply, it should apply to coins from any period regardless of location.

To use the criteria you are describing would render this grade meaningless.  Of course, since only common coins ever receive a 70 and there are hundreds, thousands, or even millions of others which look identical or essentially so, it is a contrived significance anyway.

To a limited extent, I believe the TPG (NGC and PCGS) already do what you prefer, but just with all other grades.  I've seen many coins with incomplete, weak or terrible strikes whose grades don't make any sense.

This past weekend, I noticed that NGC has now graded a handful of Guatemala pillar 1/2, one, two and four reales (1754-1771) in AU or MS,  If I ever see the MS-64 or MS-65, it still won't surprise me if the details are substantially missing, as occurs with practically all of the few decent but lower grade coins I have ever seen.  But yes, it's probably the best this mint could produce at the time.

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