I know these have been around for at least a little while, but I really don't understand them. Do they still make these slabs? What was the purpose in the first place? Linkage
My style is impetuous, my defense is impregnable !
Looks like TV coin garbage to me. I have seen them hyped in the last week or two. Seems to me as long as the TV hypesters can continue to sell them, they will continue to "make" them.
IMO, this is a disservice to the hobby. What do you pay for a BU Morgan? MS 61 money? MS 62? MS 63? MS 64? I don't think so.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
If all they say is "BU," then sight unseen they're worth no more than MS-60 money. If you can see the coin, you might decide it's worth 61 or 62 money. I doubt that many coins generically slabbed "BU" are going to be better than 62.
<< <i>The one in the auction was, but they also produced them for the Binion Hoard. >>
The Binion hoard slabs used a different label, as do the "red, white, and blue" ones in the HSN link. There have been others as well. NGC has seriously debased themselves with all the "specialty" slabs that they have produced for these TV shows that sell to the unknowledgeable. Thy have traded reputation for money.
Comments
IMO, this is a disservice to the hobby. What do you pay for a BU Morgan? MS 61 money? MS 62? MS 63? MS 64? I don't think so.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>They were produced specificly for one of the TV coin selling programs. >>
The one in the auction was, but they also produced them for the Binion Hoard.
<< <i>Does anybody know if these are still being made? >>
Yes.
Russ, NCNE
You know at least it is uncirculated, so its worth MS60 money.
Not that it is really useful, except to know it is unc and genuine.
something like 69.99 ea !
<< <i>The one in the auction was, but they also produced them for the Binion Hoard. >>
The Binion hoard slabs used a different label, as do the "red, white, and blue" ones in the HSN link. There have been others as well. NGC has seriously debased themselves with all the "specialty" slabs that they have produced for these TV shows that sell to the unknowledgeable. Thy have traded reputation for money.