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

BUFFNIXXBUFFNIXX Posts: 2,701 ✭✭✭✭✭
edited November 29, 2022 2:49AM in U.S. Coin Forum

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)

Collector of Buffalo Nickels and other 20th century United States Coinage
a.k.a "The BUFFINATOR"

Comments

  • ElKevvoElKevvo Posts: 4,061 ✭✭✭✭✭

    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

    ANA LM
  • logger7logger7 Posts: 8,068 ✭✭✭✭✭

    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.

  • oih82w8oih82w8 Posts: 11,888 ✭✭✭✭✭

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

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
  • djmdjm Posts: 1,558 ✭✭✭✭✭

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

  • MasonGMasonG Posts: 6,268 ✭✭✭✭✭

    @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? ;)

  • fathomfathom Posts: 1,513 ✭✭✭✭✭

    Not even a minute.

  • ChrisH821ChrisH821 Posts: 6,315 ✭✭✭✭✭

    You ever post something you aren't complaining about? ;)

    Collector, occasional seller

  • ChrisH821ChrisH821 Posts: 6,315 ✭✭✭✭✭

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

    Collector, occasional seller

  • AUandAGAUandAG Posts: 24,531 ✭✭✭✭✭

    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 :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • ShaunBC5ShaunBC5 Posts: 1,630 ✭✭✭✭✭

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

  • vulcanizevulcanize Posts: 1,339 ✭✭✭✭✭

    @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". :)

  • CatbertCatbert Posts: 6,587 ✭✭✭✭✭

    Plus you get the privilege of the ugly white prongs!

    "Got a flaming heart, can't get my fill"
  • JBKJBK Posts: 14,717 ✭✭✭✭✭

    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.

  • jmlanzafjmlanzaf Posts: 31,821 ✭✭✭✭✭

    @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?

  • rickoricko Posts: 98,724 ✭✭✭✭✭

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

  • VeepVeep Posts: 1,401 ✭✭✭✭
    edited November 30, 2022 7:29AM

    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.

    "Let me tell ya Bud, you can buy junk anytime!"
  • AtcarrollAtcarroll Posts: 342 ✭✭✭

    I remember my first week as a collector

  • BUFFNIXXBUFFNIXX Posts: 2,701 ✭✭✭✭✭

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

    yes

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • fathomfathom Posts: 1,513 ✭✭✭✭✭

    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?

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