Picked up from LCS for $68 AUD its not a bad slab my first in fact i always wanted one. The scuff marks bottom right are on the case. Also can the case be opened or is sealed shut ?
Given there are graded kooks with the same type of label, e.g. http://www.apmex.com/product/83172/2013-australia-1-oz-silver-kookaburra-ms-69-ngc-1-of-1st-2-500 , I'm guessing NGC put the rejects (non MS-grade) in a slab with same type of label.
So is the coin rejected hence why no MS-grade ? The case is scratched to hell pretty poor shape but i think the coin is fine
From memory anything that does not get a MS68/69 or 70 grade goes into a brilliant uncirculated label, they did the same with the wedge tail eagle coins.
this explains the reason why ngc give non numerical grades. http://www.ngccoin.com/coin-grading/coin-details/ http://www.ngccoin.com/coin-grading/coin-details/glossary.aspx
It was most likely part of a bulk submission that didn't meet the minimum grade set by the sender, instead of paying for a numerical grade they can opt for a Brilliant Unc. slab at a lower rate. So if MS68 is break even price wise, the sender might opt for that as a minimum grade in order to not lose money on the graded coins and/or lose less money on the BU slabbed coins.
So would Brilliant Unc have any problems with the coin like small scratch ect i cant really tell because the case is soo scratched up ?????
There's likely something holding it back from reaching the set minimum grade, but without actually knowing what minimum grade was requested it could be something very minor. If the minimum grade requested was MS69, it could be a MS68 without any real issues. It could also be lower, say MS66, with some minor scratches etc. In the past, Brilliant Unc. used to mean MS60-62, Choice BU MS63-64 & Gem BU MS65 and up. But for modern coins from bulk submissions I have not seen these terms used by the grading companies, as such it's likely that anything under the set minimum grade is labeled Brilliant Unc.
