Gem Uncirculated Slabs?
Foxer
Posts: 164 ✭✭
From time to time I see slabbed coins designated "Gem Uncirculated" or "Uncirculated"
I was wondering what the point is of paying for a coin to be slabbed and not assigned a grade,...
......Or are these coins not submitted "to".... but rather released "from" the TPG's?
I was wondering what the point is of paying for a coin to be slabbed and not assigned a grade,...
......Or are these coins not submitted "to".... but rather released "from" the TPG's?
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The name is LEE!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There were times when morgans were sent in and put in labels as UNC where the cost was minimal (I've heard it was maybe $5/slab like that in bulk).....traders didn't have to worry about grade differences and there is no big warranty/grade guarantee hanging over those....
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
<< <i>From time to time I see slabbed coins designated "Gem Uncirculated" or "Uncirculated"
I was wondering what the point is of paying for a coin to be slabbed and not assigned a grade,... >>
"Uncirculated" and "Gem Uncirculated" are grades.
Ed. S.
(EJS)
<< <i>Those are coins which did not meet minimum specified grade for a bulk First Strike submission. >>
I agree. These are the culls that would have graded MS-68 or lower.
<< <i>
<< <i>Those are coins which did not meet minimum specified grade for a bulk First Strike submission. >>
I agree. These are the culls that would have graded MS-68 or lower. >>
Wow! I've never really thought of an MS-68 coin as a "cull".
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