NGC grading points question

MasterGuns · January 25, 2007 7:54AM

Hello all....
I seen an add in the local paper for NGC graded Peace dollars. $35 each. So, no harm no foul, I called. I asked what the grades were and he said all the label says is BU. Is this a standard NGC designation?

Thanks,
Ray

NowhereMan · January 25, 2007 7:57AM

I've never seen it on Peace Dollars, but I have seen it on Silver and Gold Eagles. My impression was that maybe the submitter requested that the 69's and 70's be labeled as such and anything else just be labeled GEM BU.

I don't submit to NGC, but that seems plausible.

Maybe on the Peace $'s, there was a desire for, say, 63 or better, and the 60-62 coins got labeled BU.

Rex

robertpr · January 25, 2007 7:59AM

Super cheap bulk slabbing. No graders needed.

commoncents05 · January 25, 2007 8:01AM

didn't some hoard have a minumun grade? i think it was the binion hoard? if they didn't make 63 or whatever the set grade was, they would be classified as BU? i could be wrong

-Paul

MasterGuns · January 25, 2007 8:07AM

Appreciate the inputs. I'm not a Peace collector, but this may be worth further investigation.

MasterGuns · January 25, 2007 8:14AM

Investigation ended. I called back. 1922/23/24/25... Commons. They would have to be 64 or better to make it worth it. Doubt they are.

ArgentumRex · January 25, 2007 8:19AM

They're probably all relatively dumpy lower grade common UNCs. The good ones don't get sold this way. Why would they?

MasterGuns · January 25, 2007 8:28AM

The guy said he couldn't remember how he came to have them, just that he wanted to see what he could get for them. They were listed in the "Under $50" Swap meet paper. If I was interested in Peace Dollars, I might think about looking at them in hand, but I'm not. But.... I'll check again next week. If they are still listed, maybe I can talk him into letting them go for $18-20.

NGC grading points question

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