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ANACS Legends Of The Comstock Lode Morgan Dollar

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Pillar of the Community

United States
521 Posts
 Posted 12/06/2024  11:29 am Show Profile   Bookmark this topic Add johnny676767 to your friends list Get a Link to this Message Number of Subscribers
I saw this name on Brilliant Uncirculated examples encased by ANACS for Morgan dollars.

There's no numerical grade, though. I've actually seen this a few times, I think also with the NGC bag fragments series.

Is this just a marketing thing? What does the BU mean? Anything from 60-70?
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cointagous's Avatar
United States
1143 Posts
 Posted 12/06/2024  11:40 am  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
Appears to be just that...marketing.
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ratman4762's Avatar
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2520 Posts
 Posted 12/06/2024  1:03 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
Is this just a marketing thing? What does the BU mean? Anything from 60-70?
Probably more like 60-61.
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paralyse's Avatar
United States
12057 Posts
 Posted 12/06/2024  1:26 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
It's ways of marketing common date lower grade Morgans. Large marketing outfits like GovMint or TV shows like RCTV buy the coins in bulk in lower Uncirculated grades and work out deals with TPG's to have them slabbed with special labels. The coins are being encapsulated, not graded.

In the old days Brilliant Uncirculated was around a MS63 and then you had grades like Choice Brilliant Uncirculated which were closer to 64-65. Nowadays the terms are just used for marketing and no longer have much of an association with a particular grade; "Brilliant Uncirculated" could be anywhere from MS60 to MS65.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Pillar of the Community
United States
2213 Posts
 Posted 12/06/2024  2:02 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
A lot of those labels are marketing as others stated. However some are from specific collector or places like Gene L Henry, Binion Casino, Fitzgerald Casino, New York Bank Hoard, Great Montana Collection, etc.
Edited by livingwater
12/06/2024 2:09 pm
Pillar of the Community
United States
521 Posts
 Posted 12/06/2024  3:53 pm  Show Profile   Bookmark this reply Add johnny676767 to your friends list Get a Link to this Reply
Thank you- sounds definitely like a "buy the coin not the holder" situation.
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