NGC will continue to designate BU strike-on-the-day 200th anniversary sovereigns as proofs.

[stackcal]

 

I posted the question on the NGC forum and the moderator (a NGC rep) stated:  " Thank you for your question. Based on information from the mint and the opinion of the graders we decided to designate these as proof coins. The strike differences are too minor for us to designate as MS and PF. "

link:  https://www.ngccoin.com/boards/topic/411984-will-newly-submitted-uk-2017-strike-on-the-day-200th-anniversary-sovereign-bu-strikes-have-grades-of-ms-instead-of-pf/

[Guest]

It is pure intransigence as my video makes it very clear. The point is they won't backtrack at all and ego keeps them where they are.

[JohnA]

I wonder if "Based on information from the mint..." means they actually talked to someone at the Royal Mint or they read information on the RM website?

[airmac]

In the end it's always about money @Numistacker . You see if they admit doing wrong they have to redo all that have been done at they're cost. But also they fear to look available to the masses who may then think twice before coming to them for slabbing

[Oldun]

So NGC make no difference between the levels of striking in this case even though the two coins were struck slightly differently.....the next question is, will they be consistent and what on earth do they qualify as aSP on their website then ? It mentions there a "hybrid" between BU and Proof on the NGC website so they really need to draw (literally) a line now between the three designations as a result of this decision re the quintuplet. NGC will have to be consistent now as the current marker is the BUPF quintuplet by their own decision.

[JohnA]

 Maybe they figured they wouldn't be able to tell the difference between a perfect BU coin and the worst struck Proof. 

Really bad situation. Now anyone buying a slabbed coin is not sure which they are getting. 

[kimchi]

17 hours ago, airmac said:

In the end it's always about money @Numistacker . You see if they admit doing wrong they have to redo all that have been done at they're cost. But also they fear to look available to the masses who may then think twice before coming to them for slabbing

They have done much worse than that imho.

They've completely shot all credibility to pieces for me, and I'm sure I'm not the only one, and when word spreads it will all the worse for them. US collectors will be furious I imagine when this comes to light further down the line.

OK, you make a mistake, hold your hands up (the RM and their own website tell them theirselves they are wrong ffs!) and just move on. By sticking to it despite the issuing company (the RM) saying completely different...well it's all a very sad business for me.

 

 

[stackcal]

54 minutes ago, JohnAnsink said:

 Maybe they figured they wouldn't be able to tell the difference between a perfect BU coin and the worst struck Proof. 

Really bad situation. Now anyone buying a slabbed coin is not sure which they are getting. 

Actually, they do differentiate between the BU and proof coins.  They call the BU coins plain edge proofs.  However,  some folks may not realize that there are two NGC-designated proofs, regular and plain edge, and may buy the wrong one or pay for one type and receive the other.

 

 

[JohnA]

23 minutes ago, stackcal said:

Actually, they do differentiate between the BU and proof coins.  They call the BU coins plain edge proofs.  However,  some folks may not realize that there are two NGC-designated proofs, regular and plain edge, and may buy the wrong one or pay for one type and receive the other.

 

 

 

This picture is from Numistackers video..  I don't see the difference in labels other than Great Britain, which is just an extra.

Here is the NGC grading...the numbers of grading in 70 don't add up between the 2 though. Maybe that's the difference what you mean.

https://www.ngccoin.com/certlookup/2815656-005/69/

https://www.ngccoin.com/certlookup/2815532-005/70/

 

[stackcal]

The BU strike-on-the-day 200th anniversary sovereign is a 1 sov coin.  The pictures you show are  5 sov coins.