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 Replies: 17 / Views: 6,967 |
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Pillar of the Community
United States
532 Posts |
Who is grading it? If some no name TPG then I wouldn't go over 20 bucks. |
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Pillar of the Community
United States
2797 Posts |
Is there a way for you to post a picture of this potential purchase? Glad you stopped in here first. There are too many examples of buyer's remorse after the coin is purchased and displayed here. I see MS67 offerings on ebay all the time. If it is not in a PCGS, NGC, ANACS or ICG slab then dollars-to-donuts it's no where near MS67 and likely a problem coin. You need to also be aware of fake PCGS/NGC slabs that dubious folks create to separate you from your hard-earned money. |
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Valued Member
 United States
458 Posts |
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Pillar of the Community
United States
3294 Posts |
Yeah, looks like a nice coin, might even be MS, but there is almost no way that it would grade as MS67 by a real grading service, and it is not a good enough photo to make a good grading effort.
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Valued Member
United States
458 Posts |
So what is considered a reasonable price to pay for this coin?
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Pillar of the Community
United States
532 Posts |
Say about 20-30 bucks.
Coin does look nice thoguh. Any way to get better pictures of it?
Edited by RFB
03/03/2010 11:28 am
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Valued Member
United States
458 Posts |
That was the best pic I was sent, thanks for the advice. Seller is asking too much, gonna pass on this one.
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Pillar of the Community
United States
2797 Posts |
Quote:
That was the best pic I was sent, thanks for the advice. Seller is asking too much, gonna pass on this one.
Very wise choice. This is a basement-slab and there's no way to tell if this coin has problems from the photo provided. I've seen many in NGP slabs and nearly all have problems. |
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Moderator
 United States
23522 Posts |
Well-done, bvalania. A quick hint for you - in the lower left corner of that slab is a logo cast into the plastic. That logo indicates the slab is a commercially-available snap-together holder, and any coin in such a holder with a label indicating a grade is not to be trusted. It's somebody "slabbing" pocket change at their kitchen table.
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Valued Member
United States
312 Posts |
Numismatic Grading Pros? I never heard of them. Anyone?
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Pillar of the Community
United States
1523 Posts |
A dealer at his kitchen table.
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Pillar of the Community
United States
2541 Posts |
Wise choice. I hate these basement slabbers!
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Valued Member
United States
245 Posts |
I was at a Pawn shop the other day and they had three Morgans in the display case graded by the same company that were graded MS65 and they were a joke because two weren't even MS60 in my estimation and were common dates. They wanted $149.00 each for them and the owner was telling me that he had cut the price in half. He didn't appreciate when I told them were $20 coins at best.
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Pillar of the Community
United States
709 Posts |
These lower tier alphabet grading companies all over grade coins. This is how they make their money. The grade is their opinion. You can package horse manure like hamburger meat. You can sell it as hamburger meat but in the end it will still stink like horse manure.
The top four rated third party grading companies are (in no certain order) PCGS, NGC, ANACS and ICG.
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Bedrock of the Community
United States
14454 Posts |
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The grade is their opinion Some of the coins I have seen in basement slabs, if this is their honest opinion on the grade then they should not be dealing in coins what so ever. I am no expert but I can definitely tell a highly circulated coin from a MS-67 coin or even a MS-63 coin but most of these basement slabbers just try to prey on the uneducated knowing there is no way these problem coins would ever grade anywhere near what they have on the label and hope these collectors will trust it because its in a plastic holder that looks like something a TPG would use I love threads like this where the potential buyer does some homework before purchasing a coin they think is a great value because so many times we can only tell them the truth when its to late and they have already thrown away their money and there is no way to get their money back |
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Replies: 17 / Views: 6,967 |
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Posted 03/03/2010 10:08 am
