NGC Modern Coin Classification 2

Question 1

Which NGC designation indicates a coin was struck on a planchet intended for a different denomination?

Accepted Answer

Wrong Planchet Error

Answer

A Wrong Planchet Error occurs when a coin is struck on a planchet prepared for a different denomination or series.

Question 2

In NGC's grading system, what does the prefix 'PF' (or 'PR') indicate about a modern coin?

Accepted Answer

Proof finish struck for collectors

Answer

PF (or PR) designates a Proof coin, meaning it was specially struck using polished dies and planchets for collector use.

Question 3

What distinguishes a Burnished (BN) coin from a standard Uncirculated coin in NGC's classification?

Accepted Answer

The planchet is burnished before striking giving a unique satin-like finish

Answer

Burnished coins, such as American Eagle Burnished issues, have planchets that are burnished before striking, producing a satin or matte-like surface distinct from standard business strikes.

Question 4

Which modern U.S. Mint product is classified by NGC as 'SP' (Specimen)?

Accepted Answer

West Point Mint bullion coins with special finishes

Answer

NGC uses the SP designation for coins such as certain American Eagle issues with special finishes that don't meet the strict Proof definition but exceed standard business strike quality.

Question 5

How does NGC classify a modern commemorative coin that was never released and remains in original U.S. Mint packaging?

Accepted Answer

MS or PF depending on its strike type

Answer

NGC grades modern commemoratives as either MS (Mint State) if business-strike quality or PF (Proof) if struck as a proof, regardless of whether packaging is intact.

(NGC) Numismatic Guaranty Corporation Certified Professional Practice Test

(NGC) Numismatic Guaranty Corporation Certified Professional Practice Test

NGC Modern Coin Classification 2