Has anyone ever seen this type of grading on an ngc or pcgs holder, good grief!

BUFFNIXX

Whats the purpose of a grading label like this? Well I guess it actually means the coin entrapped in this slab
grades somewhere between and including MS60 to MS70! (would have taken all but an extra minute or two to get a
correct grade on the coin)

lilolme

Those BU or Unc type grades are sometimes bulk submissions and cheaper. I believe it is pcgs code 89 that will have a similar type 'grade'.

jmlanzaf

@lilolme said:
Those BU or Unc type grades are sometimes bulk submissions and cheaper. I believe it is pcgs code 89 that will have a similar type 'grade'.

This. Quite common, actually. You see them all the time with hoard coins and mass markets coins.

ElKevvo

Yeah the mass market coin dealers you see on TV sell these. Their audience often is not aware of the nuances of say a 63 vs. a 64 so just sold as 'Brilliant Uncirculated' along with other accolades like 'Never touched by human hands' etc.

K

logger7

If I could get coins certified for $10 or so in those slabs I would submit as long as I didn't get the typical fussy no grades.

CaptHenway

Perhaps it was a bulk submission where they said "If it does not grade at least X just call it BU."

Connecticoin

MS 61

oih82w8

Agreed on the bulk submission comments. I would not pay any more than MS60...unless it was something obviously special.

djm

Why pay for a numerical grade when there is so little difference in price between MS60-MS62.

MasonG

@BUFFNIXX said:
(would have taken all but an extra minute or two to get a correct grade on the coin)

The coin's not brilliant uncirculated?

fathom

Not even a minute.

ChrisH821

You ever post something you aren't complaining about?

ChrisH821

Seriously though, just a promotional thing as far as I know.
One could make the same complaint about our hosts "SAMPLE" slabs.

AUandAG

Many coins of the Binion Hoard (Vegas casino owner killed for his silver) are slabbed that way. Bulk, cheapy. Some of the Binion coins are MS63 or 4 but most are not.
bob

ShaunBC5

I’ve got a Binion Morgan like that. I understood what I was getting when I got it.

vulcanize

@lilolme said:
Those BU or Unc type grades are sometimes bulk submissions and cheaper. I believe it is pcgs code 89 that will have a similar type 'grade'.

Yup.
I've also got a few of those NGC slabbed Morgans worth $40 stating "Genuine".

Catbert

Plus you get the privilege of the ugly white prongs!

JBK

You get what you pay for. Or you don't get what you don't pay for.

I have a few similar slabs - Silver Eagles, Gold Eagle fractionals, presidential dollars. All were marketing promotions of one kind or another.

For the gold billion I actually ike it as an authenticity confirmation.

jmlanzaf

@BUFFNIXX said:
Whats the purpose of a grading label like this? Well I guess it actually means the coin entrapped in this slab
grades somewhere between and including MS60 to MS70! (would have taken all but an extra minute or two to get a
correct grade on

It's not the time, it's the money. Would you pay $15 to grade it or $5 if you had 1000 very low end UNCs?

ricko

Just bulk grading on the cheap.... Good for those hucksters on TV. Cheers, RickO

Veep

I’ve seen lots of these with silver dollars, silver eagles, buffalo nickels and others. You can bet that those sending them in are savvy enough to know they are low-end. The coins are then marketed to less-sophisticated collectors.

Atcarroll

I remember my first week as a collector

BUFFNIXX

@ChrisH821 said:
You ever post something you aren't complaining about?

yes

fathom

Is this still a BU market/hobby?

If people don't get it they can learn about it and become a collector in today's marketplace.

Seriously, does this help the market?