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

Um, ok.

Your earlier explanation was very thorough and I appreciate your input, but it didn’t answer the question.

“It’s how it is” is actually an answer

 

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Why wasn't it given an MS grade? Because only the mailroom person had to look at it, not a paid graders. LOL

 

I've bought a couple Silver Eagles that are graded Gem Uncirculated. I have no problem with an "ungraded" Coin that has been authenticated and only costs me a small premium over what a raw coin would cost. I buy for the coin and not the grade.

 

“Gem Uncirculated” is different than “Brilliant Uncirculated”.

To get “Gem Uncirculated” I believe it needs to be 65+.

I’m guessing the Silver Eagles you’re talking about were sent in hoping for the 70 but didn’t make the grade so the person who sent them in just didn’t want to pay the full price.

 

That's what I've always figured too. Doesn't matter to me, I just love the coins.

 

As I understand it, Brilliant Uncirculated as a grade is from a bulk submission by one person. No grade is attached as they are not paying for a grade. They just want it slabbed and noted as a BU coin. The submitter is paying such a low price they receive no error designation, no grade, no notations of any kind. Just a BU and a slab with a label.

 

Boy. Another twist. What kinda crap shoot is this. Flea market coin.

 

Yeah. That’s what’s bugging me. You got to have coin in hand if you think of buying CASH.

 

Nah. My guess is like this. You checked the box paying bu money for any grade under 65. I did say guess right. Any takers. If you want a 63 or 64 (little collector). You’ll have to wait till the price is right for you

 

Plus. If you think your coin is more better shiny. Then you do the resubmit thing.

 

They probably had less experienced graders breeze through them and didn't spend time on them to nail down a number grade. BU covers a broad spectrum. It's somewhere between MS60 on up. I personally am annoyed by these labels and agree that it seems like a huge waste of shipping, time, money and resources to not even end up with a proper grade. I believe the tv shows sort these out and send them in as a bulk submission to get them in TPG plastic as cheaply as possible. They probably weed out the real gems, pay for the proper grading on those and then charge double. Then charge more for these in slabs than they'd be able to get if they were unslabbed.