$5 NGC Gold Eagle question.

[Swampboy]

I recently picked up a $5 Gold Eagle in an NGC holder labeled "Gem Uncirculated."

I bought it at melt and am just wondering how come it wasn't graded if it was encapsulated by NGC.

 

[RI AL]

Well, that is interesting. So sorry I don't have an answer, but I'll check back to see if one of the many coin whiz-guys here can figure it out.

 

RI AL

[123cents]

It was graded. The grade was gem uncirculated. This is the economy way NGC grades coins. No numerical grade is given.

[rbrown4]

What year is the coin.

 

Rey

[TomB]

It sounds as though this was part of a special bulk submission. In cases such as this I believe the submitter and NGC agree in advance on the type of grading that will be written on the label.

[gmarguli]

You can submit some coins to NGC and request a minimum grade (say MS69 for these) and all the others that don't meet that grade can be slabbed as BU or Gem Bu or the like.

 

Or you can submit them with the request to slab them all as BU, etc.

[Swampboy]

What year is the coin.

 

Rey

 

2007.

 

Thanks for the replies.

 

 

[jesbroken]

Welcome to the forum, Swampboy. Enjoy the atmosphere and soak up the knowledge. How 'bout some pics of the coin. We love pics.

[Swampboy]

Here is a pic of the slab.

 

 

So I'm learning it's part of an economy submission.

 

Thanks for the quick replies.

 

 

 

[bsshog40]

Welcome to the forum there Swampboy. As others stated, these are usually bulk submission with this designation being a request.