A friend of mine has a peace dollar that is certified by NGC as brilliant uncirculated what does that mean. Is there a reason that this coing did not grade, I have never seen this certification without grading before, is tihs common.
Probably a good question. I'm beginning to thinik all grading services are getting a little nutty lately. Just ot much buisness. Wonder when they'll start grading cars, boats, trucks, beanie babies, hot wheel cars, etc.
Sounds like the coin was purchased from one to the TV Evangumismatists who'd sell anything for the right price. I've seen many for sale just graded BU. It's probably a MS-60/61 coin. Beaten up pretty badly in the bag... Ben
Exactly. I started a thread about these, what I call "ambiguously graded coins" a couple months ago. The consensus seems to be that it is just another TPG/TVshopping scam.
GO FIGURE! Not another scam from the TPG "snake oil" salesmen? They would never deceive the public would they??
Right, Home Shopping Network as well as Shop at Home have somehow coerced NGC into slabbing coins as just BU with no number grade.I've also seen ones graded just as "uncirculated".
include picture please because iv;e seen many like that - choice uncirculated is around MS 63, i would think a BU is MS 65 unless im wrong - can you get a picture
Being an Indian, I'm virtually unaware of this grading system. Can anyone let me know what these numbers stand for? I'm sorry if this is a stupid question. But the fact remains that I know absolutely nothing about these things.
Being unaware of how the grading system works has nothing to do with you being Indian and also, there are no stupid questions in here. A great investment for you would be to purchase a copy of the ANA book "Official ANA Grading Standards for United States Coins". Thats a great place to start.
Sorry I don't have a pic of the coin like I said it isn't mine although I was considering acquiring it in a trade. I just wanted to know more about the certification as opposed to being graded. I guess from the all the information I have gathered it is in at least MS 60 condition But I don't know that I could go much higher than that in grading it myself. I guess I am kinda at NGCs mercy in trusting that it is in fact uncirculated.
I have seen these to on the coin. Not sure but I think the coin vault had these on their show. After a while they all start looking like each other. Anyhow the reason one of them said they are doing this is to say their valued "customers" some money on grading fees and that after you have died, your children, grandchildren will know they have something special and not get ripped off (again) when they try and sell them. Now isn't that special I saw the fat guy on HSN selling the Silver anniversary sets the other day and keep talking about how the mint had sold these out in 3 hours. Now this is for the silver sets, not the gold. It stills way beyond me why people will buy from these people when they can either get them from the mint. or from reputable dealers for MAJOR, bucks less. All you have to do is look. Sure hope these folks are around If I decide to sell mine.
It's because they talked NGC into giving them a bulk deal for a much lower price. All they wanted to know was - is the coin Unc or not, if it is slab it as BU. That allowed NGC to handle the coins at a faster rate than normal, to pre-print all the lables and thus to save time and effort. So NGC agreed to the lower price. They do less work - they charge less.
MS 60 - Mint State indicates a coin that has no wear and is uncirculated. It may have numerous bagmarks and/or be toned. MS 60 is the lowest quality of an uncirculated coin. MS 61 - An uncirculated coin that is just slightly better than MS 60. However, no question that it is uncirculated. Whereas, some may debate over the merits of a coin being MS60 because of the excessive bagmarks, the MS61 should be more desirable. MS 62 - This coin should be a much cleaner specimen than an MS 60, yet, just slightly better than an MS 61. There should be fewer bagmarks as the coin takes on more attractive features. MS 63 - This is the grade that many collectors feel is the most collectible in numismatics. Prices are typically reasonable compared to higher grades and the coin should have at least an average strike and eye appeal, with minimal distracting marks. MS 64 - This is the grade where prices in many series begin to increase dramatically. For this reason the coin will begin to show fewer marks and the strike will be the strongest yet. No primary distractions that will draw your eye. A near-gem coin with just a few tiny marks or weakness in strike to keep it from a higher grade. MS 65 - This is the gem category. Coin should be fully struck with eye appeal. Either brilliant or toned but there should not be any unsightly marks or color that negates eye appeal. Any marks should be very minor in appearance. Prices spread out even further. MS 66 - A coin that just jumps out at you as being nicer than an MS 65. The main devices on either side should have no more than very minor ticks and the fields should be cleaner than that of an MS 65. MS 67 - A superior coin that has no major distractions to speak of. The fields should be near flawless with just the slightest contact on the main device. This coin should emit a look of satisfaction from the viewer. Prices increase further especially for coins with short supplies and strong demand. MS 68 - A difficult grade to determine by most experts. When does a coin become MS 68 but is not quite MS69 or 70? A very superior coin with maybe just a minor tick on either side keeping it from perfection. MS 69 - This is a coin that should create a gasp when viewed. There should be no imperfections to the naked eye. With a magnifying glass a minor mark or impediment may be visible. MS 70 - A perfect coin with no imperfections seen with a magnifying glass. There should be no marks whatsoever; the coin must look like it just left the Mint. Very unusual in early coins as the mint did not have the quality they do today. Modern coins have been given this exalted grade although there is debate whether coins can be perfect. As we proceed to higher grades, there should be a noticeable difference in each grade and an improvement in quality, strike, and eye appeal. However, since grading is subjective, it will still be difficult for most numismatists to see a distinct difference from one grade to the next. This is especially so in grades of MS67 and higher. Any kind of damage or cleaning will downgrade the potential value of a coin.
