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Grading Question


ifing

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I will add you at once @Numistacker, the slabbing king here :D

I see a seller here offering a slabbed coin (Wedge.tail eagle 2016) with the grade GEM Uncirculated. What I can find this is another word for BU.

So what does this mean?

Is it just a proof that is really silver, a real silver coin. Or why hasn't it got a msXX number?

So I can't see how a seller can get the slabbing fee back from a sell.

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It's a bulk slabbed coin at a special low price for rejected coins or where the slabbed wanted a non grading slab. I am not sure but my guess is $5 bucks a coin not $17 per coin

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Gem BU is a broad term that can be used to describe coins of MS65 and above.

As @Numistacker says, it is a cheap and cheerful way for the large retailers to get lots of coins graded at a reduced price. The best ones will grade ms69 AND ms70  and the rest that fail to reach these lofty heights will get GEM BU.

Profile picture with thanks to Carl Vernon

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