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 Replies: 9 / Views: 1,156 |
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Pillar of the Community
United States
618 Posts |
What is the problem with this coin? listed as AU in a ngc holder? Has this been cleaned? whizzed? Did NGC holder some coins and not give them full grades due to problems? Thanks all  |
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Valued Member
United States
259 Posts |
My guess would be that someone consigned NGC to label a hoard of Morgans this way. The graders probably only had to make sure the coins fell into the category of AU, and that was the only condition. Like the Home Shopping Network or something to that effect.
I don't think NGC will holder problem coins... and definitely not without labeling them as such... their reputation could take a big hit if they did that.
Edited by gettingbrowned
04/21/2009 07:28 am
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Pillar of the Community
 United States
618 Posts |
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Moderator
 United States
23522 Posts |
Quote:
My guess would be that someone consigned NGC to label a hoard of Morgans this way. The graders probably only had to make sure the coins fell into the category of AU, and that was the only condition. Like the Home Shopping Network or something to that effect.
That's it, precisely. They also have a similar, "Brilliant Uncirculated" label. |
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Pillar of the Community
United States
632 Posts |
Interesting to see a slab without an actual grade on it. Just "Almost Uncirculated"
Which has me wondering....does AU stand for "Almost Uncirculated" or "About Uncirculated" because I've seen it written and heard it talked about both ways.
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Moderator
United States
23522 Posts |
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does AU stand for "Almost Uncirculated" or "About Uncirculated" because I've seen it written and heard it talked about both ways.
The same two guys are also arguing "EF" and "XF."  Whatever works for you is what is correct - there's no governing body of numismatic terms. |
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Bedrock of the Community
United States
14454 Posts |
I used to have quite a few of the "Brillant Uncirculated" labeled NGC slabs which is just what you was told, it was someone that submitted a bulk lost of morgans and to bring the cost of slabbing down they had them just put a label without an actual grade on the label if they weren't at least a certain grade (usually MS-65). So all the coins that were below that designated grade would have a label like yours without a grade and the ones that met the requirements would be labeled with the grade
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Valued Member
United States
198 Posts |
You say potaytos, I say potahtos, let's call the whole thing off.  Seriously folks, does anyone else besides me feel that these "top tier" companies actually do more harm than good to their respective reputation's when they get involved in these petty promotions? I can understand "hoard" coins but the other crap like State Flags, First Strikes, and most recently Lincoln's anniversary just try to attract business. Frankly speaking, NGC & PCGS don't need that, they get the serious collector interest now. ~ Jim |
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Pillar of the Community
United States
2734 Posts |
I'd love to see an 1893-S in a slab like that! "Almost Uncirculated", that's good enough.... |
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Moderator
United States
23522 Posts |
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Seriously folks, does anyone else besides me feel that these "top tier" companies actually do more harm than good to their respective reputation's when they get involved in these petty promotions? Amen, brother. The term I'd use to describe the practice is considerably less family-friendly than "do more harm than good to their reputations."  |
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Replies: 9 / Views: 1,156 |
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Posted 04/21/2009 07:32 am
