PCGS GEM BU grading.

SilverPlatinum

For the PCGS GEM BU grading. Does it mean that the coin will never be MS69 or MS70 if I resend it for grading later on? So those BU coins graded GEM means they are MS65 to MS68 only?
Is this accurate? I'm asking as I'm evaluating to order some for the new Eagle Privy coins graded PCGS GEM.

jmlanzaf

No. It means it was never graded. It's a bulk submission from a retailer.

SilverPlatinum

@jmlanzaf said:
No. It means it was never graded. It's a bulk submission from a retailer.

Really! Do you mean the staff (graders) at PCGS pull the coin from the Mint tube and place it in a slab without looking at it at all?

bigmountainlion

I think so

braddick

@SilverPlatinum said:

@jmlanzaf said:
No. It means it was never graded. It's a bulk submission from a retailer.

Really! Do you mean the staff (graders) at PCGS pull the coin from the Mint tube and place it in a slab without looking at it at all?

I believe it is checked rapidly for any apparent damage or issues. A quick tilt under lighting would do so. Then is is passed on for encapsulation.
I am not a grader so this is strictly my suspicion.

291fifth

1 of the first 50,000 ... I'm impressed!

johnny9434

It's just some thing used as a selling point, keeps people employed

ColonelKlinck

No wonder it takes so long to grade my “economy world” submission!
😂🤣