NGC Gem Uncirculated vs. MS or PF grading

[bnsfhobo-migration]

Hey all,

 

I am new to this, so learning is my thing right now. I recently got a NGC slabbed coin which is Gem Uncirculated versus a PF or MS grading. Can someone tell me the difference other than the fact the Gem Uncirculated gets no points in the registery.

Thanks for any assistance.

 

Hugh in OKC

[RareSov]

Pretty sure this was just a label for some dealers. Their customers didn't understand the point system.. something along those lines

 

[Guest Joiseygirl]

bnsfhobo,

 

For the purposes of the NGC Registry, a coin graded as 'Gem Uncirculated' would be translated as an MS65. When you try to register this coin it will fail because it has not been assigned a numeric grade. However, I would subsequently process it as an MS65.

 

I hope this information is helpful.

 

Thank you,

 

Amy T. Lorenzo

'Joiseygirl'

[bnsfhobo-migration]

Hey Amy,

 

Thanks for the fast response. Does this mean I would need to resubmit the coin to get it graded? Why would they grade it as Gem Uncirculated instead of giving it the MS65 grading? Hope these aren't stupid questions. I appreciate your help.

 

Hugh in OKC

 

 

[bnsfhobo-migration]

Thanks RareSov,

 

I was wondering if this was some mass marketing that some dealer had grading.

 

Have a great day!!

 

Hugh in OKC

[Schatzy]

Hugh,

 

When a dealer submitts coins the dealer can request that all coins that don't meet

the MS66 grade or above get slabbed in Gem Unc holders. Often times a Gem

Unc holder will sell for more than the graded holder. Amy said she will register

your coin as MS65. Yes you would need to get it regraded to get the MS65 put

onto the label.

[bnsfhobo-migration]

Thanks for the info. I am starting to get this !

 

Have a great day !

 

Hugh in OKC

[Guest Joiseygirl]

bnsfhobo,

 

For the purposes of the Registry it is not necessary for you to resubmit this coin for Regrade. However, I would recommend you do if you want a numeric grade assigned.

 

Thank you,

 

Amy T. Lorenzo

'Joiseygirl'