NGC Adds Important New Designations

Posted on 3/19/2003

Numismatic Guaranty Corporation is now applying the designations PL for Prooflike and DPL for Deep Prooflike to all United States and world coins that merit them. This service goes into effect immediately. Soon to be adopted is the designation FT for Full Torch, which will be applied to Roosevelt Dimes. NGC will begin certifying FT Roosevelt Dimes April 14, 2003.

NGC has been using the designations PL and DPL for some years with selected United States coin types, notably Morgan Dollars and many silver commemoratives, More recently, it has been applied to qualifying statehood quarters and Sacagawea Dollars. NGC's customers have called attention to the fact that other coin types sometimes feature Prooflike or even Deep Prooflike fields, and these qualities will now be acknowledged for all USA and world coins.

The designation FT for Full Torch will be applied to Roosevelt Dimes having both upper and lower pair of horizontal bands split as well as the vertical lines of the torch being defined. The FT designation will not apply to proof coins. Addition of the FT designation comes at the overwhelming request from NGC's collector and dealer base.

These designations will be included when applicable during the normal course of grading, and no special fee or service is required when submitting uncertified coins to NGC. For those having coins already certified by NGC and that may qualify for the PL or DPL designations, these may be submitted for review of their status under NGC's Designation Review service at a fee of $10. This includes the cost of reholdering the coin. Coins holdered by other companies may be submitted to NGC under its Crossover Service, and their PL or DPL status will be evaluated in the course of grading the coins. These same conditions will apply to Roosevelt Dimes submitted for the FT designation when this service begins April 14.

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