Grading Question

[ifing]

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

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.

[Guest]

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

Sent from my iPhone using Tapatalk

[sovereignsteve]

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.