2005 American Silver Eagle / ASE Gem Uncirculated

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Author	Replies: 4 / Views: 2,025
rastatodd Valued Member United States 487 Posts	Posted 07/28/2010 10:25 pm I just purchased a 2005 ASE in a PCGS holder with the inscription "2005 Silver Eagle - Gem Brilliant Uncirculated". This holder has no verification code number, or bar code on the label. Never seen this before. Can anybody tell me the story behind this? Report this Post to the Staff

afclassic87 Pillar of the Community United States 564 Posts	Posted 07/29/2010 12:03 am Can you post a picture? I know the older slabs almost look like they are fake. A picture would help! Report this Post to the Staff
rastatodd Valued Member United States 487 Posts	Posted 07/29/2010 06:49 am Will post picture tonight. I hope you can shed so light on this coin! Report this Post to the Staff
Indian1 Pillar of the Community United States 3640 Posts	Posted 07/29/2010 09:36 am At times grading companies get orders to slab many coins quickly. Instead of grading each one exactly they give a ballpark grade term. Starting at the low end they should be: Unc. - ms-60 thru 62 BU (brilliant unc.)- ms63/64 Gem unc. - ms65/66 Choice unc. - ms67/69 Perfect unc. - ms70 Gem BU Choice gem unc. These terms should not be used as they are confusing. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/29/2010 1:00 pm Such a slab can come about for three reason. One they tended to us such a label on the give-a-way slabs they use to hand out to their paid collectors club members, but that probably isn't the case because I think they all mention the collectors club and you didn't mention that. Two, slabs that were submitted as part of a big promotion by the TV coin shows would often be slabbed without a numeric grade as long as they were uncirculated. Three, dealers who make large bulk submissions have the option of specifying a minimum grade. Any piece not reaching that grade would be slabbed in one of these non-numeric grade holders. The percentage of coins that reached the specified minimum grade would deternine how much they paid per coin for the grading. If the percentage achieved was high enough they could even get the non-numerics back at no charge. Report this Post to the Staff
	Replies: 4 / Views: 2,025

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2005 ASE Gem Uncirculated