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Is this a silver eagle error?
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<p>[QUOTE="cpm9ball, post: 1769528, member: 24633"]It's difficult to tell from your photos what it may be.</p><p> </p><p>First, the term "Gem Uncirculated" could mean any coin grading at least MS65 which is not a particularly high grade for Eagles. Additionally, if in the opinion of the NGC graders, the anomaly was caused during the minting process, it would not affect the numeric grade.</p><p> </p><p>The fact that this coin does not have a numeric grade probably indicates that it came from a bulk submission (there are no photos for the cert #), and the person (or company) that submitted them requested that those coins that did not meet their minimum grade be slabbed with the generic "Gem Uncirculated" just to be able to get the "First Strikes" attribution.</p><p> </p><p>For what it's worth, NGC no longer uses the "First Strikes" attribution after a lawsuit filed in Tampa against them a few years ago found for the plaintiff. Instead, they are now using "Early Releases". Personally, I don't think that either attribution is worth the premium normally attached to it. "First Strikes" or "Early Releases" could mean the one-millionth coin struck just as easily as the first coin struck.</p><p> </p><p>Chris</p><p> </p><p>NOTE: I should add that I'm not 100% sure that NGC lost the court case. They may have settled out of court. I can't remember.[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 1769528, member: 24633"]It's difficult to tell from your photos what it may be. First, the term "Gem Uncirculated" could mean any coin grading at least MS65 which is not a particularly high grade for Eagles. Additionally, if in the opinion of the NGC graders, the anomaly was caused during the minting process, it would not affect the numeric grade. The fact that this coin does not have a numeric grade probably indicates that it came from a bulk submission (there are no photos for the cert #), and the person (or company) that submitted them requested that those coins that did not meet their minimum grade be slabbed with the generic "Gem Uncirculated" just to be able to get the "First Strikes" attribution. For what it's worth, NGC no longer uses the "First Strikes" attribution after a lawsuit filed in Tampa against them a few years ago found for the plaintiff. Instead, they are now using "Early Releases". Personally, I don't think that either attribution is worth the premium normally attached to it. "First Strikes" or "Early Releases" could mean the one-millionth coin struck just as easily as the first coin struck. Chris NOTE: I should add that I'm not 100% sure that NGC lost the court case. They may have settled out of court. I can't remember.[/QUOTE]
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Is this a silver eagle error?
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