NGC Graded “Gem Proof”

[Oystonousted]

I have heard that Gem Proof means the coin failed to achieve a 69 or 70 but falls between a 65 and 68?

Ive seen a 1/20oz Gold Britannia Proof 2013 graded as above for £70

Good deal?

Cheers

 

[westminstrel]

I had enquired with NGC a while back about this grade in relation to another coin.

What I learnt is that dealers who desire a common grade for bulk submissions of the same type of coin can request the GEM UNCIRCULATED grade because, besides the fact that using such a "grade window" greatly shortens the grading time, it also helps guarantee that all coins receive a similar grade, which may be a desired outcome in certain cases.

This grade is usually considered the equivalent of an MS 65 or MS 66.

I don’t know if others have differing information.

[sovereignsteve]

The question is whether some of these coins could be a higher grade but were lumped in with the rest in order to satisfy the fast turnaround request.

[Oystonousted]

Thank you both

With regards to the coin in question do you  feel this is a decent price for investment?

 

Thank you 

[fehk2001]

2 hours ago, sovereignsteve said:

The question is whether some of these coins could be a higher grade but were lumped in with the rest in order to satisfy the fast turnaround request.

But won’t be 69 or 70 isn’t 

I think once they see a slight mark they dump it straight away 

[westminstrel]

4 hours ago, sovereignsteve said:

The question is whether some of these coins could be a higher grade but were lumped in with the rest in order to satisfy the fast turnaround request.

I think it’s very possible, but would definitely be a gamble to buy one on the off chance that it is.

[westminstrel]

10 hours ago, Oystonout said:

Thank you both

With regards to the coin in question do you  feel this is a decent price for investment?

 

Thank you 

Apologies I can’t help here as I’m not knowledgeable about this series.

[kimchi]

Seems expensive to me - that you are paying for grading that hasn't exactly shone. Yes they may have rushed it through, and it may get higher if you re-grade, but for that price I think you could get one raw that has a chance at a better grade, no? (?)

The Brits are not yet that collectable (though I think they will be eventually), I wouldn't have thought that a probable low grade one at that price is worth the risk myself.

[sovereignsteve]

4 hours ago, Oystonout said:

Thank you both

With regards to the coin in question do you  feel this is a decent price for investment?

 

Thank you 

I doubt it because I don't think they are a popular collectable set and I can't see that changing anytime.

The 10th oz coins are about as small as I personally can see and appreciate so I'm assuming most others will agree. What is the point in collecting something you can barely see? The jump up in price from 1/20th to 1/10th isn't that much so I don't think affordability will influence people's choices that much.

Also, the proof Brits tend to be a quality coin so PR65 - 66 isn't going to cut it; PR68 - 70 should be readily achievable.

[Oystonousted]

Fair points everyone cheers

[Martlet]

I've been looking closely at the fractional Britannias and reckon that price for a 2013 1/20 Britannia isn't showing any premium for the grading.