NGC Brilliant Uncirculated

Discussion in 'Coin Chat' started by zachfromnj, May 21, 2010.

  1. zachfromnj

    zachfromnj Junior Member

    NGC Brilliant Uncirculated, if a coin receives this as a grade what does it mean? Why wouldn't it receive an MS grade?

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    zachfromnj, May 21, 2010
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    Because somebody paid them to just certify the coins as BU for a sales promotion.
     
    GDJMSP, May 21, 2010
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  4. zachfromnj

    zachfromnj Junior Member

    Thank you for the fast answer, seems odd to me unless the price difference is reasonably different.
     
    zachfromnj, May 21, 2010
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  5. fretboard

    fretboard Defender of Old Coinage!

    So how does it look in hand, does it look like it would have graded an MS63 or higher?
     
    fretboard, May 21, 2010
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  6. mralexanderb

    mralexanderb Coin Collector

    I've seen these on the coin TV shows. They must get a deep discount to have these graded without the numerical grade. That would probably take a few seconds longer and cost more. It's like buying a raw coin but slabbed by a reputable TPGer as BU.

    Bruce
     
    mralexanderb, May 21, 2010
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  7. panther

    panther Junior Member

    I always thought BU=MS60-62 and CHBU=MS63-65. GEMBU=65+
     
    panther, May 21, 2010
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  8. GDJMSP

    GDJMSP Numismatist Moderator

    The promoter might submit 500-1000 at a time and pay $6-$8 to slab each one. Then they'll make up to $50 profit on each coin selling them to people that don't know any better than to buy such crap.
     
    GDJMSP, May 21, 2010
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  9. Lehigh96

    Lehigh96 Toning Enthusiast

    They do get a discount for having the coins graded in this bulk fashion and since there is very little price spread between MS60-MS62 common date Morgan Dollars, there is very little downside for the submitter. The coin is guaranteed to be authentic and uncirculated, who cares if it is MS60, MS61, or MS62 if they all cost about the same anyway.
     
    Lehigh96, May 21, 2010
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