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Raw Coin Collecting Help

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Pillar of the Community
United States
7123 Posts
 Posted 03/09/2008  01:23 am  Show Profile   Bookmark this reply Add Metalman to your friends list
Hi Scott3270

I don't think your fears are totally mis placed since there are an abundance of cleaned and altered coins ,, very few will be found that are fake in the common coins although it can still happen in the semi keys of most coin series .

the best way to keep yourself as safe as possible to get some good reference material ,books, periodicals ,and educate yourself on a forum like this one .

ask alot of questions and post examples of coins you may have a question about ,look closely at the pictures that others post and read the posts ,, and ask more questions .

it won't be long until you have a reasonable amount of confidence in your ability to spot the problem coins .

do you have a dealer that you buy from or is your venue ebay or other online venues ?

each has its own partcular pitfalls !

Im a raw only coin collector and I love it !I would not collect any other way .

Metalman
Pillar of the Community
United States
1116 Posts
 Posted 03/09/2008  01:31 am  Show Profile   Bookmark this reply Add scott3270 to your friends list
hi metalman my only venue is ebay or an online dealer as I do not have any dealers or shows near me thanks for your answer
Pillar of the Community
United States
7123 Posts
 Posted 03/09/2008  01:46 am  Show Profile   Bookmark this reply Add Metalman to your friends list
ebay is a trecherous place ! but once you connect with a few really good sellers then the danger eases quite a bit ,, I buy consistently from a few ebay sellers who I have come to trust after several transactions .

our ebay sellers who we have as members are worth a look ,,and there are several others posted in the recommended sellers post ,, and then when you achieve the 50 posts and 14 days there are quite a few coins offered forsale by forum members to forum members .

Hope to see more posts !

and Welcome to the Best coin forum on the web !

Metalman

Pillar of the Community
United States
581 Posts
 Posted 03/09/2008  04:33 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list
When you say you're looking for "common circulated coins", which series are you talking about? If you are talking post-1965, you probably don't have to worry too much plus you won't be paying very much in the first place.

The only ones I would be careful with would be Lincolns. They're just crazy and will be for awhile. I wouldn't trust anyone with Lincolns!

One very safe way to buy these coins would be to buy mint sets or on ebay you see people selling the nickel or dime cut from a certain year mint set that is still sealed in the cellophane.

At my dealer, I pay 2 x face for almost any of the recent coins.
Edited by Kabiye_Lady
03/09/2008 04:34 am
Pillar of the Community
United States
1231 Posts
 Posted 03/09/2008  07:28 am  Show Profile   Bookmark this reply Add onejinx to your friends list
Scott3270, there might actually be a small coin show somewhere near where you live. They don't always advertise them that well. I live out in the sticks of New Hampshire and I found a small show twice a year that is 30 mins from where I live. I just happened upon it one day when it was taking place at a small mall.

I'm sure we could compile a list of the shows in your state.
Valued Member
United States
168 Posts
 Posted 03/09/2008  10:07 am  Show Profile   Bookmark this reply Add dcarver9183 to your friends list
ebay can be tricky, but I've found a great guy who sells me exactly what I need and want...best condition I've seen off the internet...typically you'll learn quick that pics on ebay aren't always what they seem. anywho I've bought several coins from my guy in the last few weeks and he's super..i suggest finding those dealers from the forum page as stated earlier and checkin out their stuff. then when you find the people you like best frequent them as often as you like...i keep an eye on my guy's stuff religiously. welcome to a great place to become more aware and learn from the pros
Valued Member
United States
169 Posts
 Posted 03/09/2008  4:55 pm  Show Profile   Bookmark this reply Add One Red Cent to your friends list
There are millions and millions of cleaned coins out there. The more coins you look at (both cleaned and uncleaned) the easier it becomes to spot the altered ones.
It's not a bad idea to buy slabbed NGC or PCGS coins to avoid buying altered ones, at least until you're comfortable identifying the bad ones yourself.
Pillar of the Community
United States
764 Posts
 Posted 03/10/2008  12:58 am  Show Profile   Bookmark this reply Add littleboy to your friends list
to avoid fake/altered coins: get to know the design. most scarce coins have diagnostic details to verify genuinity. error coins and rare coins, which were only produced by a few separate dies can be verified by die polishing marks, die rust spots, and minor imperfections in the design. hubs are changed often, especially with older coins. with enough experience, a collector can estimate the date of a coin within a few years without seeing the date. many altered coins can be spotted by looking at hub designs. mint mark, letter, and date styles are good to study. especially in the late 1800s to early 1900s, mint mark styles are essential to know to diagnose a genuine coin. most counterfeit 1914D cents, 1916D dimes, 1932S quarters, 1893S dollars, etc have the wrong style mint mark. altered 1909S VDB cents often have the wrong style B in VDB. altered Peace dollars often have the wrong style numerals in the date. false dies or cast coins are a little different; if a coin has unusual detail or lack of detail, its probably one you want to pass on. false dies may not produce coins of mint quality, either lacking detail or producing bold features where genuine coins are usually weak. cast coins, produced by a geniune coin copy it exactly, including all the nicks and scratches on that coin. weight, specific gravity, and "ring" can diagnose a counterfeit. most fake gold and silver contemporary counterfeit coins will weigh less or be less dense than a genuine coin.

there is a book I recommend you look for. "PCGS guide to coin grading and Counterfeit Detection" it describes things to look for on hundreds of possible counterfeits.

to avoid cleaned coins: the first and most important thing to do first, does it look right? if a coin looks shinier or duller than you would expect, pass on it. 95+% of cleaned coins can be eliminated just by using that method. a more scientific approach to detecting cleaned coins is usually by looking at them through magnification. look for hairlines, tiny parallel lines that go into the coin. look at the toning closely to see if it is 'in' the coin or 'on' the coin. is a moderately worn copper or silver coin free of tarnish? if so, there is probably something wrong. other diagnostics for cleaned or doctored coins are described in the book I recommended. I hope I helped. =]
Pillar of the Community
United States
1116 Posts
 Posted 03/10/2008  6:50 pm  Show Profile   Bookmark this reply Add scott3270 to your friends list
thanks for all your opinions I will check that book out littleboy
Valued Member
United States
231 Posts
 Posted 03/11/2008  02:19 am  Show Profile   Bookmark this reply Add philney to your friends list
Scott, I have a good friend that runs a great website and more importantly, has a very liberal return policy. He posts pictures of every coin and is gret with customer service. I will have to check tohe rules on posting his company name and I will get back to you.
Pillar of the Community
United States
1116 Posts
 Posted 03/11/2008  7:29 pm  Show Profile   Bookmark this reply Add scott3270 to your friends list
philney that would be great if you can give me his web address thanks alot
Pillar of the Community
United States
628 Posts
 Posted 03/11/2008  7:38 pm  Show Profile   Bookmark this reply Add m9frank to your friends list
Some of my favorite coins have been cleaned.

It's not important to me personally. Selling cleaned coins or buying a cleaned coin for "full" price is a problem, I for coins that I want to keep out to look at, as paper weights or what ever, I'll take a cleaned coin any day, as long as the cleaning didn't alter the appearance too much.

Does this make me a coin apostate?
Valued Member
United States
130 Posts
 Posted 03/12/2008  12:23 am  Show Profile   Bookmark this reply Add MLFLY to your friends list
I don't think you've made a bad decision at all. The only thing I would suggest is that you find a club within a reasonable distance and make some friends there. Then, when you buy a coin from a stranger (that has a return policy), you have people to bounce it off of. One thing I've found out about coin people, is that they like to look at coins :) Trust me, they will help you out. As they do, your skills will improve and your ability to choose raw coins will also improve. Have fun in the middle :)
Bedrock of the Community
United States
20753 Posts
 Posted 03/12/2008  11:36 am  Show Profile   Bookmark this reply Add just carl to your friends list
I too prefer just collecting raw coins. In the past I have purchased a few slabbed coins but always break them out for an album. Myu suggestion is if your not planning on reselling any of your coins, then who cares if cleaned as long as not harshly done. If cleaned enough that an amateur can tell, that is something else. But for just a cleaned coin, if they are yours, then no big thing. I have many cleaned coins. Some purchased due to the cleaning for a great price. If not to noticable, I just put them on a window sill for a few months and they tone down. If I have any fake coins, I don't know it and don't care. So far in well over 60 years of coin collecting I have never sold a coin. Given many away, but never sold a coin so if I have cleaned ones or even fake ones, I'll never know.
Odd thing at a coin show last Sunday I heard a buyer telling a dealer that he is looking for fakes and counterfeits. He collects them he said and has some that are so good they are more valuable than the real thing.
Pillar of the Community
United States
6326 Posts
 Posted 03/12/2008  12:21 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Yeah, I thought I read somewhere that there is a massive interest in counterfeit St. Gaudens gold coins.....and that they're NOT illegal to collect and they're STILL very expensive..
That's a careful/tricky business dealing with fakes and counterfeits though....I'm like Carl....if I've got one...don't know/don't care........And although I don't have his years of collecting....I too am never intending on selling ANYTHING I have.....it goes to my future heirs or future divorce settlement for the lawyers to sell, many different things....(kidding)...But I don't buy to sell or I wouldn't have bought it in the first place !
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