Grading Services Announce Plus Designation
grade discriminator will be used to indicate
premium quality; NGC welcomes dealer and
collector feedback on the new service line.
The plus designation, a notation of premium
quality, has been announced by NGC and PCGS. The
service will be available from NGC beginning in
approximately 60-days and is already available
from PCGS. Denoted by a + symbol appearing after
the grade, the plus designation indicates that a
coin is of superior quality for the grade and
that it approaches the next technical grade
level. In numismatics, in addition to plus,
several terms are used interchangeably to
indicate this including premium quality, PQ, and
Aspects of the service offered by NGC and PCGS
are similar. The plus designation applies only
to US coins from select classic series, and it
is not currently planned to be applied to modern
coinage issues. Additionally, it will be used on
eligible coins grading from the XF-range up to
MS 68. For coins to be evaluated for the plus
designation, submitters will have to opt-in to a
plus designation review service in addition to
the standard grading tier.
After the service launch, in approximately
60-days, coins with the plus designation will
receive a point premium in the NGC Registry and
be reported in a forthcoming enhancement of the
NGC Census. Additionally, price guides and coin
trading networks including the Certified Coin
Exchange will be supporting the plus
"The coin marketplace has evolved in the nearly
25 years since NGC and PCGS began certifying
coins, and this is a very logical progression.
We have always been conscious of the variation
within grades. By providing this information on
the label in the plus format, it is communicated
in a simple and direct way that allows these
distinctions to be readily understood," comments
NGC Chairman, Mark Salzberg.
PCGS founder David Hall stated, “The reality of
the market place is that coins considered high
end for the grade are recognized by
sophisticated dealers and collectors and such
coins are worth a premium in the marketplace.
The term plus has been part of the everyday
trading and grading lingo for years. For the
market’s two leading grading services to
recognize this reality and designate these
premium coins as part of their grading services
is a huge benefit to all participants in the
rare coin market.”
During the next two months, NGC will be
finalizing and announcing service details.
Comments from dealers and collectors are welcome
on any aspect of this new service.
Correspondence should be directed to firstname.lastname@example.org,
and all messages received will be thoughtfully
considered. Additional information about the
service will be reported on NGC’s website,
www.NGCcoin.com, and can be requested by e-mail.