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 Replies: 29 / Views: 8,401 |
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Valued Member
Bulgaria
53 Posts |
And now, I founded the GEM BU with PCGS ! Look at the 2 pictures below. Both are PCGS and FIRSTRIKE. One is GEM BU and the second one is MS 70. Which one has the highest grading? Why are PCGS and NGC maintaining such a confusion in their grading? Has somebody the exact scale of grading of one of the TPG including the non-MS grades?   |
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Moderator
 United States
34402 Posts |
@kaji, that is odd. As far as I know, the rating system for all TPGs is based off of Dr. Sheldon's Penny Whimsy, where coins are given a numerical rating between 1 (basal state) and 70 (zero wear of any kind). Calling a coin "Gem BU" doesn't use this numerical system and so might be MS-65 or MS-67 or MS-69 (or MS-70) to different people.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Valued Member
 Bulgaria
53 Posts |
@spence
OK with you.
But WHY are PCGS and NGC OFFICIALY ( see my pictures above) grading coins with non-Sheldon number?
Which is the best: GEM BU or MS70 ?
To which Sheldon's grade corresponds GEM BU? Is there such a scale with GEM BU, GEM UNC and so on?
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Moderator
United States
34402 Posts |
In my opinion, anything marked MS-70 should be the best. By definition, nothing can be higher on a 70 point scale. Without a number, it is left up to the coin collector to interpret the words. Here is one person's definitions (from cointalk):
BU - MS60-61 Choice BU- MS62-63 Gem BU - MS64-65 Choice Gem BU- MS65+
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
1601 Posts |
As far as these two slabs, it's no moot point. They are both fakes. I ran the numbers through PCGS and the numbers don't correspond to anything they have certified.  |
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Valued Member
Bulgaria
53 Posts |
@bidercoins   |
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Valued Member
Bulgaria
53 Posts |
@spence
PR70 is a higher grade than MS70 !
And what about Prooflike?
And litterally, a FDC is a higher grade than a MS !
Edited by kaji
08/30/2016 07:46 am
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Rest in Peace
United States
18456 Posts |
Ok , Will the real coin and slab please stand up !  |
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Moderator
United States
54280 Posts |
NGC and PCGS have cut deals with large scale submitters that want to market these coins on a mass scale and don't care about the exact number grade.
This saves the submitter money, and makes the graders more money because they don't have to spend so much time and effort determining the exact number (plus they do a greater volume).
These are coins you might find on infomercials or QVC-type shows. They are made for the unsophisticated collector.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Valued Member
Bulgaria
53 Posts |
As you can see on the PCGS certification, it is written: Grade: Genuine (89 brilliant Uncirculated).
Why is it not mentioned Gem Brilliant Uncirculated ? What means the 89?
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Pillar of the Community
Australia
7096 Posts |
My take on this is that the Gem BU coin hasn't actually been graded and has just been holdered.
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Moderator
United States
188213 Posts |
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Valued Member
Bulgaria
53 Posts |
@jbuck
I know that 89 is not a Sheldon's scale grade. But BU, Gem BU, Gem UNC also are not !
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Moderator
United States
188213 Posts |
Correct, Sheldon maxes at 70.
What I meant is that '89' is not a code that PCGS has listed at the link I posted above...
82 Filled Rims
83 Peeling Lamination
84 Holed and/or Plugged
86 Authenticity Unverifiable
90 Counterfeit
91 Questionable Colour
92 Cleaning
93 Planchet Flaw
94 Altered Surfaces
95 Scratch(s)
96 No Service
97 Environmental Damage
98 Damage
99 PVC Residue
I find it odd that they have used a code that is not listed on their website.
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Bedrock of the Community
United States
10982 Posts |
It's not a "No Grade" it is a BU which PCGS uses "89" for. Large submitted get these coins encapsulated without grading for huge discounts. Gem BU just means MS65 or better. NGC does this more than PCGS does and all TPG do it for big submitters. |
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Moderator
United States
188213 Posts |
I am glad someone knew.  |
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Replies: 29 / Views: 8,401 |
Posted 08/30/2016 06:09 am
