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 Replies: 14 / Views: 1,701 |
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Valued Member
United States
62 Posts |
NGC graded my 1885 O Morgan as "Brilliant Uncirculated."
Don't "Uncirculated" and "Mint State" mean the same thing?
Is this coin somewhere in the MS range, but NGC could not determine where?
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Pillar of the Community
United States
4897 Posts |
You bought it already slabbed?
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Valued Member
 United States
62 Posts |
I bought it slabbed at some point over the past few years. I am now wondering why NGC did not give it a numeric grade.
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Pillar of the Community
United States
4897 Posts |
It was likely part of a mass submission. They will put UNC, Gem, etc.. on the slab. It is less costly than having each coin numerically graded.
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Bedrock of the Community
13014 Posts |
Dont they do that with bullion coins sometimes too? But I'm guessing those are probably bulk lot submissions as well
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Valued Member
United States
62 Posts |
Quote:
It was likely part of a mass submission. They will put UNC, Gem, etc.. on the slab. It is less costly than having each coin numerically graded. Does that mean it could actually be a high grade like MS65 or better? |
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Pillar of the Community
United States
4897 Posts |
Quote:
Does that mean it could actually be a high grade like MS65 or better?
Post a pic. I'm not really a Morgan guy but there are plenty of members here that would be able to tell you. But I think BU indicates MS60-62? Edited by amida17
08/16/2012 6:43 pm
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Moderator
 United States
23522 Posts |
Quote:
Does that mean it could actually be a high grade like MS65 or better? Extremely unlikely. These were bulk submissions for resale by entities like "Coin shows" on TV - charlatans all - and were cost-saving because the grader didn't have to really look at them. With my little experience, I could probably flash one side a coin under my eye for two seconds and tell you 99 times out of 100 if it's seen circulation or not. NGC didn't have to know if they were 65's - somebody prior to them had already determined that they weren't, which is how the HSN's of the world came to own them. |
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Bedrock of the Community
13014 Posts |
 If they thought they would grade in that range they would have had them graded. They probably determined they would be able to sell them easier with a BU label than the grade it would have gotten |
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Valued Member
United States
310 Posts |
To me this is one of the reason's I really don't trust TPG ers. That's their whole purpose...To grade coins. Here they didn't even do that...They pretty much just slabbed it for some dealer to increase the price for the dealer. They were paid handsomely I bet too. How are you supposed to trust a TPG when they obviously did this just for a lump of cash. They might as well labeled them all MS-65. No point in slabbing it, if they aren't going to do their job. |
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Bedrock of the Community
13014 Posts |
They did grade it just not specifically. They did what the customer wanted without putting incorrect information on the label which is what their job was.
Had they labeled them all 65s for the heck of it then yes theres a reason not to trust them, but they didnt. I see nothing wrong with them doing what the customer wanted.
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Bedrock of the Community
United States
14454 Posts |
I believe the Brilliant Uncirculated grade tells you right there its not a MS-65, because then they would have placed Gem Uncirculated on the label instead even on bulk submissions if they just wanted all coins graded this way. I have seen bulk submissions have their coins if they do not grade 65 or above to be placed in these Brilliant Uncirculated slabs that way the coin can be from MS-60 through MS-64 and there is no guarantee from the slabbing company except that the coins hasn't circulated and it saves the submitter money and the grading company doesn't have to worry about people sending coins that do not meet the numeric grade. Plus allot of these end up getting resubmitted for a numerical grade so they get paid twice
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Valued Member
United States
62 Posts |
It was difficult to photograph in the slab, but here is a crop for numeric grading. Maybe I will crack it out.  . |
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Pillar of the Community
United States
5854 Posts |
I can't say for sure because we would need pictures of both the obverse and the reverse but based on the picture provided, I think the coin is probably somewhere around a MS-61 or 62.
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Pillar of the Community
United States
4989 Posts |
Very baggy I would agree with MS-62 maximum grade
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Replies: 14 / Views: 1,701 |
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Posted 08/16/2012 5:58 pm
