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why does NGC grade coins in this fashion

JJMJJM Posts: 8,035 ✭✭✭✭✭
in U.S. Coin Forum
and not give it a number?

image
👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37

Comments

  • rsdoug81rsdoug81 Posts: 682 ✭✭
    They slab those for companies like those that sell on Shop At Home TV.
  • 1921obsession1921obsession Posts: 559 ✭
    Different target audience, and they're not (as far as I know) better than MS63 or worth slabbing at a grade.
    Proudly upholding derelict standards for five decades.
  • JJMJJM Posts: 8,035 ✭✭✭✭✭
    oh, I see...thx
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37
  • xphobexphobe Posts: 605
    I picked up some of their "First Strike" SAEs last month for about $14 apiece. They were labeled "Gem Uncirculated".

    Do the words "Gem" and "Brilliant" have any meaning, gradewise, like they used to back in the old days?
  • JJMJJM Posts: 8,035 ✭✭✭✭✭
    good question
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37
  • rsdoug81rsdoug81 Posts: 682 ✭✭


    << <i>I picked up some of their "First Strike" SAEs last month for about $14 apiece. They were labeled "Gem Uncirculated".

    Do the words "Gem" and "Brilliant" have any meaning, gradewise, like they used to back in the old days? >>



    Typically, BU means MS60 and above. It is generally accepted that Gem BU means MS65 or above.
  • BarryBarry Posts: 10,100 ✭✭✭
    Some folks do anything for money...
  • SUPERCARCOINSSUPERCARCOINS Posts: 1,152
    ....because they don't know any better
  • BochimanBochiman Posts: 25,417 ✭✭✭✭✭
    Much quicker and keeps them risk adverse.

    No need to spend an extra 5 seconds wondering if it is a slider of MS63-MS64 or anything.
    Too, they don't have to worry about someone claiming it is over/under graded.

    And, as mentioned, it was done for a different audience and in bulk.
    Probably can use quite the junior grader (or janitor) to tell the difference in a BU vs non-BU morgan.....

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • ABC123ABC123 Posts: 2,627
    You also get to guess the numerical grade from MS60 to MS70---Good Luck !
  • chabot510chabot510 Posts: 1,291 ✭
    don't start hating on NGC because of these. even PCGS (gasp!) has a version of these!
    Nick
  • coinman420coinman420 Posts: 4,666 ✭
    image
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
  • chabot510chabot510 Posts: 1,291 ✭


    << <i>image >>

    ]

    GASP!!!!!
    Nick
  • coindeucecoindeuce Posts: 13,474 ✭✭✭✭✭
    It's generally referred to in whispers as "limited product liability". And don't ever expect the TPG's to define that.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

  • BECOKABECOKA Posts: 16,960 ✭✭✭
    I am guessing but I believe that this all started with bulk submissions.

    A requirement for PCGS to get the first strike lable is to send an un-opened green monster full of silver eagles. Now if you put MS69 as a minimum PCGS loses a lot of potential grading fees because most of the 500 in the box will not grade. Now if they offer to slab them for half the grading fee as a general BU coin MS65-MS68 they recoup some money for time spent on each coin.
  • MyqqyMyqqy Posts: 9,777 ✭
    because they don't know any better

    I guess pcgs doesn't know any better either...... image
    My style is impetuous, my defense is impregnable !

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