| Author |
 Replies: 10 / Views: 4,314 |
|
|
New Member
United States
2 Posts |
Hello everyone, as you all know I am the newbie here. I have made a couple purchases on ebay. So far I have been pleased. A couple proof sets, a Walking Liberty half a V nickel and I have found a couple coins that fit right in. However, I placed a bid on some of the State Park Quarters, that were in slabs by I.N.B.. However none of them are graded but I got them at what I thought was a very good deal. Around 3.50 each year. However, I have found several places that say this grading service is worthless. Any advice, I like the coins slabbed and am thinking about trying to get the entire collection and maybe the State Quarters from this seller. Is this a wise move. Thanks |
|
|
|
Valued Member
United States
354 Posts |
I have never heard of INB. The top tier is NGC and PCGS, second tier ANACS and ICG, and third tier SEGS and PCI. However, you can try to research the company. As for the actual coins, I'm thinking that 3.50 per state coin is too high. Is it proof or uncirculated?
|
|
Moderator
 United States
56855 Posts |
IMHO,There are only three trusted TPG's= In order:PCGS,NGC,ANACS. John1  |
|
Pillar of the Community
United States
2543 Posts |
INB is what is know as a "basement slabber". Someone buys a roll of quarters, and a box of generic slabs from a coin supply place. They print up some labels on the old HP printer, "INB MS70 2012 ATB Quarter." Throw in the coin slap on the label close up the slab and throw it on ebay. Total investment, $.25 for the quarter; $.50 for the slab = $.75 Profit=$2.25 for every quarter you can sell. Bottom line, not a real grader, not a real slab, don't be taken in.  |
|
Bedrock of the Community
United States
11951 Posts |
I would stick with PCGS, NGC and ANACS.
|
|
Pillar of the Community
United States
4963 Posts |
Most of these basement graders will just slap on a grade much higher than the coin actually is. Unless you know a lot about grading and feel comfortable evaluating each coin (buying the coin, not the slab), you should stay far away from "companies" like this. Keep in mind that grading is subjective, so it's essential to develop an eye for a coin's condition- for starters, learn to identify a cleaned or otherwise damaged coin and one with good or bad eye appeal. You may also want to have at least some sense of what each grade should look like. You won't lose much if you're just buying State Quarters, but if/when you graduate to more expensive stuff this could be dangerous. For the quarters I suggest that you get a few quarter rolls from the bank and search through them. You should be able to fill a lot of holes that way. The "buy the coin, not the slab" philosophy applies to top-tier TPGs as well- they aren't perfect either. For example, less than a month ago at a show I saw an attractive 1857 Seated Liberty half in a PCGS slab (EF40, I think). It looked like a solid coin for the grade at a glance, but I flipped it over and it had a deep gash right under the eagle on the reverse. I'm glad I didn't buy it based on the slab, because honestly, I think that coin should have been in a details slab. EDIT: I forgot to  you to CCF! Edited by Numisma
05/17/2016 09:29 am
|
|
Pillar of the Community
United States
724 Posts |
If you want to learn grading, buy some cheap slabbed coins from NGC or PCGS for each grade and discern the difference.
Many yellow ANACS slabs could be over-graded grossly, 2-3 grade higher. White ANACS is quite accurate. IGC is also reputable. Then comes SEGS. I will put PCI the last. The old PCI is actually accurate if you could find one.
All others are similar to raw coins such as NNC, INB. No value at all. It is called problem coin inside.
|
|
Valued Member
United States
280 Posts |
The serious problem with the INB slab, in addition to the grade not being correct, is that you can easily open their slab & therefore swap any coin with the one that came in it. I bought a "Proof-70" INB Ike. It is a nice proof Ike. Proof 70 ? Probably not, but the slab easily opens & snaps back shut.
|
|
Valued Member
United States
280 Posts |
Here is a scan of my "INB Proof-70 Ike" . Note the scratches to right of head, & yes the coin has scratch lines so NOT Proof 70.   |
|
Valued Member
United States
280 Posts |
The INB slabs are not sealed. Coin can be swapped for another & slab snapped back together. Caveat Emptor...  |
|
Pillar of the Community
United States
4963 Posts |
It's kind of funny how they put "full strike" on the slab of a proof.
|
| |
Replies: 10 / Views: 4,314 |
|
Posted 05/17/2016 04:48 am
