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PCGS Prez dollars on HSN graded "Brilliant Uncirculated"??
ambro51
Posts: 13,945 ✭✭✭✭✭
Watching our favorite show this early AM I seen new Prez dollars PCGS slabbed with a really commercial looking lable graded "Brilliant Uncirculated". Whats that all about? No more Numeric grade? How will these fit into the populations?
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They are very difficult to sell unless you target a large, numismatically uneducated, gullible crowd but you can get em graded that way.
Edited to add: As for the above link provided by the Famous Buffalo Hunter of Florida, those rolls are a bit pricey but if they are not prescreened prior to submission, some interesting errors could be pulled from them as First Day of Issue coins. Of course, this would only be edge error's but it is possible.
The name is LEE!
This way they get a couple dollars for slabbing the MS65+ coins and you can set a minimum grade of something worthwhile on the full grading fee. Maybe a min of MS66.
Sounds like the job from hell......a tiny cubicle, stack upon stack of mint fresh coins...searching all day for a tiny defect or two.
Think Id rather be a Bridge Painter.
Sounds like the job from hell......a tiny cubicle, stack upon stack of mint fresh coins...searching all day for a tiny defect or two.
I guess 200K a year is incentive enough.
Shop at home was selling the Adams errors in PCGS slabs graded brilliant uncirculated last night.
Box of 20
It's a shame that grading services stoop so low and it does NOT look good for their reputation. In face it tears the heart out of it.
If you ever see the term BU or Brilliant uncirculated on moderns.. please equate this as WORTHLESS face value.
<< <i>All this means is that a top quality grading service has rolled over for the money. For the most part BU rating as delivered from the mint,in the pres series, is the LOWEST grade available. These are not really graded but just packaged and tagged- Nothing more than common coin.
It's a shame that grading services stoop so low and it does NOT look good for their reputation. In face it tears the heart out of it.
If you ever see the term BU or Brilliant uncirculated on moderns.. please equate this as WORTHLESS face value. >>
For coins meant for circulation it would seem many if not most are MS65 or lower. Only a small percentage get 66 and above. Granted they are not hard to find but if you collect the plastic and can get it protected for a couple dollars instead of paying the full grading fee why not.
Granted it's not too hard to find a higher grade coin but it will cost more to grade and slab.
<< <i>y God How Do Those Graders NOT GO CRAZY??
Sounds like the job from hell......a tiny cubicle, stack upon stack of mint fresh coins...searching all day for a tiny defect or two.
I guess 200K a year is incentive enough.
Shop at home was selling the Adams errors in PCGS slabs graded brilliant uncirculated last night. >>
that salary is for a new grader or one that grades primarily moderns. a seasoned PCGS/NGC grader that grades high dollar classics, is paid far more than 200k
<< <i>All this means is that a top quality grading service has rolled over for the money. For the most part BU rating as delivered from the mint,in the pres series, is the LOWEST grade available. These are not really graded but just packaged and tagged- Nothing more than common coin.
It's a shame that grading services stoop so low and it does NOT look good for their reputation. In face it tears the heart out of it.
If you ever see the term BU or Brilliant uncirculated on moderns.. please equate this as WORTHLESS face value. >>
What a bunch of Horse Manure! I totally disagree!
Slabbing a coin regardless of type or denomination as BU does not in anyway "shame" a TPG much less PCGS as the coin is, at the very least, "authenticated" as original.
As for slabbing Presidential dollars as BU, what would you do if all you had to do was slab it up from an original roll and collect $5.00 for each one you did? No grading or anything, just slab it! That would be $125 per roll which requires zero seconds in front of a grader! To me, this is great business and does not reflect on their reputation in the least bit!
<< <i>My God How Do Those Graders NOT GO CRAZY??
Sounds like the job from hell......a tiny cubicle, stack upon stack of mint fresh coins...searching all day for a tiny defect or two. >>
I expect that the only coins that get louped are the higher grade coins, say 66 and up since. An MS65 presidential dollar just ain't that difficult to spot. I'm thinking reasonably accurate grades could be achieved at about 1 coin every 2 seconds.
The name is LEE!
<< <i>PCGS, NGC, ANACS and ICG have long catered to the coin TV shows by offering Morgans, Prez dollars, and other coins with generic 'Brilliant Uncirculated' and other "grades" on slabs to make they quick and easy to sell by TV shysters. I think it cheapens their reputations a bit as legitimate TPGs, but that is just my opinion. >>
With respect to the TPG's, I think they should review this part of their business. The TV hucksters prey on mis-informed consumers, and use the good name of the TPG's to validate their overpriced coins. It would be my wish that TPG's dissociate themselves from these unscrupulous TV shows. When ethics are traded for profit nobody wins in the end. Sorry about my rant, I really feel bad seeing good people getting ripped off.
Robert.
If you ever see the term BU or Brilliant uncirculated on moderns.. please equate this as WORTHLESS face value
Though the pic is awful, I picked this off for basically AU/UNC money, and its clearly a 63-64...if the obverse were a little less baggy, 64 all day. No bar code, front or back. I can see doing it for moderns (not that I am putting them down), but not for Morgans...werent some of the Binion Unc's graded as such, just BU?
<< <i>
<< <i>PCGS, NGC, ANACS and ICG have long catered to the coin TV shows by offering Morgans, Prez dollars, and other coins with generic 'Brilliant Uncirculated' and other "grades" on slabs to make they quick and easy to sell by TV shysters. I think it cheapens their reputations a bit as legitimate TPGs, but that is just my opinion. >>
With respect to the TPG's, I think they should review this part of their business. The TV hucksters prey on mis-informed consumers, and use the good name of the TPG's to validate their overpriced coins. It would be my wish that TPG's dissociate themselves from these unscrupulous TV shows. When ethics are traded for profit nobody wins in the end. Sorry about my rant, I really feel bad seeing good people getting ripped off.
Robert.
I agree. I don't like seeing PCGS or NGC offering a encapsulation service and getting away from their core business of "grading".
FYI I don't concider a 109 year old coin a MODERN, so snagging a nice example is a kudo to you.
I do take numismatics serious enough to see the TV guys slapping a BU designation on 250 THOUSAND common current modern coins and pushing them as a rarity to be a sham for both the "grader" and the "seller".
(how's that for a run on sentence?)
I believe it helps to reduce faith in the grading system.
We all know that faith is all that is with the graders. As example, just try to get a matching grade on the same coin run individually through
any 4 graders.
And who's fault is that? It is their fault. maybe a lil homework is in order here?
I see nothing wrong with the TPG's grading these coins as BU.
Steve