I love showing the woman the extra "shiny" coins lol..

was searching through "bin"s for morgan dollars and came across this one... it stopped me dead and I kept clicking on it every time it scrolled by (it came up in 3-4 of my searches) Well the woman was behind me when i came up again and I asked what she thought.. she said... For only $50 your buying it... (55 after shipping lol) but if this coin looks 1/2 as shiny as the sellers and NGCs pics both show it to be, I wanna know how/why it missed getting PL/DMPL.... Watcha think

 

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That "grade" was a new one on me for NGC. I looked up the cert # and input "other" into the grade box and up popped this coin. What's up with this? I note the suffix on the cert # is 126 implying someone submitted at least 126 coins in a lot. So, did a big dealer submit a bunch of these and had them labeled "Brilliant Uncirculated" under some kind of special arrangement?

Anyway, for $55 looks nice and it's always nice to have the lady's approval.

 

Yea, not bad Pick up . Hope your happy that's all that matters ...and the "woman".

 

Strangely this is the 2nd BU graded coin I have come across (ended up buying the other as well) And yes I think this happens with "Bulk" submissions ie if not ms65 or higher it just get's slabbed as a BU... can't say I'm sure about that but it seems to be the case... this is my other BU...

 

This one is better than the first one !

 

Hey I don't mind em they "qualify" for my MS date set even without a specific grade, and both were good bargans for what I paid (even if they only grade out at 60)

 

Hopefully you won't come home one day and she has put the
"polish" to some of your unslabbed treasures.

 

I wouldn't be happy if a bulk submission for grades came back like this...assume they would make the submitter aware beforehand. Hopefully this is the new way NGC is listing "Unc Details"...without the "Details"...but doubt it.

 

I pretty sure they know about it, is probably a cheaper way to do bulk and they get a discount on the BU ones or sumptin

 

We've had that discussion and I've shown her the stick she will be beaten with if she trys it lol

 

Yes those "Brilliant Uncirculated" labels are usually dealer bulk submissions. They either want them all like this (it's cheaper that way) or have a minimum grade (say MS 65) and everything below that goes into one of these slabs.

 

Agreed with all the “bulk submissions/minimum grade” comments. For Morgans, I think they are usually looking for 63 and up. I dont know why “BU” is cheaper than just saying MS60/61/62.

And there is no chance that 21 is PL.

 

I believe that the source of these “words only” NGC graded coins is the “Shop at Home” operations on TV. I guess NGC did this for marketing purposes perhaps to make things simpler for new collectors or those who have not collected coins before. Explaining the 70 point grading system, with 11 Mint State grades, is complicated.

 

If that option didnt exist these would be the coins coming back raw so by having a cheaper option like this it allows them all to be graded

 

I still don’t understand. Someone at NGC looked at the coin and said, “it’s lower than 63”. Why not just give it a grade of MS62 or MS61 instead of BU? I mean, the work is basically done. Unless the goal is to trick a less experienced buyer.

 

I have some bullion coins graded that way. I too wondered the same thing. As was said before, it was explained to me that dealers with bulk submissions that only want the better grades will pay a much reduced fee for this label when it doesn’t meet their minimum grade requirements…… I am like you. If a grader examined the piece, what difference in cost can there be to label the coin with a grade rather than this catch all label?

 

Because the submitter doesn’t want coins of such a low grade labeled as such nor do they want to pay full price. This option allows a cheap way for them to sell and someone to buy a good coin at a lower price. If the option didn’t exist they would be sent back raw and then sold raw which is a very big rabbit hole of how that works and the people thinking they’re smarter getting those.

Long story short it’s better for this option really for everybody. I wouldn’t get those but if someone likes the coin and doesn’t want to pay a lot for something it’s a good option

 

How is labeling it BU cheaper than labeling it MS62?

 

I regularly see adds in the Wall Street Journal from places like Westmoreland Mint and others where they offer B.U. Morgans and the pictures show a slab. I never looked closely enough at the slab to see what it said because I was never interested enough. So, maybe this is the way they do it.

 

Are you just going to ask the same thing over and over?

It’s how it is.