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Do Grading Companies Fail Like This Alot Or Not? 70s Sd/Ld

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Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 02/28/2012  10:16 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply

Quote:
I don't get it? The seller is desperately trying to sell an item by continuously re-listing the item (which cost money as well) and if it does sell, they have to pay another 20%+ in fees to ebay and their baby, Paypal.

That company has gotten all of the fees they will get from me. The last month I was actively selling there, when junk silver had really spiked, my fees were $1,700+....

ebay has free listings for the 1st 50 coins a month. The final value fee is 9%. Paypal is 2.9% + 30c. Not as bad as you said but still brutal.
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 02/29/2012  12:18 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Holy mackerel! NGC actually biffed this one. Check out the photos on their own website:

http://www.ngccoin.com/certlookup/C...=3550487-010

That's a large date in the photo there too.
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Maineman750's Avatar
United States
3592 Posts
 Posted 02/29/2012  05:58 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply

Quote:
they have to pay another 20%+ in fees


You are doing something wrong..my fees are 11.9% for ebay and PayPal combined.
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chuckster 125's Avatar
United States
4113 Posts
 Posted 02/29/2012  08:05 am  Show Profile   Bookmark this reply Add chuckster 125 to your friends list Get a Link to this Reply
fees are circa 12% total. (E-Bay/Pay-Pal)



This one is definitely A 1970S Large Date Cent!


"Caveat Emptor!"- Do your homework!
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 02/29/2012  08:39 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Well, here's an interesting twist. I brought it up with the seller and was immediately threatened with being reported for harassment. I guess lots of people have been telling them about their bad luck.

Then they re-listed the coin for $75...

ebay has been informed.
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wquinn's Avatar
United States
2295 Posts
 Posted 02/29/2012  09:07 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
And NGC's price guide lists a coin in the same grade as being worth only $42.

That is really bizarre that NGC doesn't know what a 1970 S SD is.

Someone needs to contact NGC about it. ebay won't care, since they will only agree with the slab. ebay is not a coin dealer and wouldn't know the difference.

Even Ken Potter has a warning, near the bottom of his web site, to be aware of some slabs having the wrong attribution:
http://koinpro.tripod.com/Articles/...tCompare.htm
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DVCollector's Avatar
United States
10045 Posts
 Posted 02/29/2012  12:44 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
Are you sure NGC's verification photo shows a LD? That date area is very small to make the call--for me.
I did notice that between the ebay coin and the NGC coin, the coin is rotated differently in the holder.
Obviously the coin is a LD, and the seller is ignoring that fact.
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Conder101's Avatar
United States
17884 Posts
 Posted 02/29/2012  12:48 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Am I missing something?

No you're not. As I have said for years, never trust the attributions given by the top TPG's, they are frequently wrong. PCGS tends to be the worst followed by NGC. The BEST TPG for attributions is SEGS followed by ANACS and then ICG.

As for NGC having to make it good by buying it back or replacing it, NOPE. NGC does not guarantee their attributions, so he is stuck with it and he is trying to stick someone else with it. Someone who has too much faith in the TPG's. (Surprisingly PCGS DOES guarantee their attributions!)
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Jayman931's Avatar
United States
2651 Posts
 Posted 02/29/2012  12:59 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Steve- Its a small pic...but I think I agree with you...its a Large Date on NGC's website... smh

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Jayman931's Avatar
United States
2651 Posts
 Posted 03/01/2012  1:32 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Here is a "Cleaned Large Date" being sold as a Small Date...

http://www.ebay.com/itm/1970-S-Linc...em27c3df6d3a
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DVCollector's Avatar
United States
10045 Posts
 Posted 03/01/2012  1:44 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
Jayman, nice. Somebody paid $24.48 too much.
Auctions like these are plainly obvious, since it takes just 10 minutes of online research or asking questions here to learn the difference--caveat emptor.
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Morgans Dad's Avatar
United States
5632 Posts
 Posted 03/01/2012  7:57 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
I agree that some people will only buy a slabbed coin, because they feel that the "authentication was done" and they can now blindly just buy the coin. This coin, to anyone having the interest in it should know exactly what they are buying, themselves, and NOT depend on others to let you know what grade your coins are, or if the coin is actually what the label states it is........This is in NO way an attack on any person, this is just my experienced honest opinion........An education is a very powerful tool in life... :) PS, This is no doubt a large date Cent.... When both ends of the 9 are pointed, it is for sure, a small date Cent......
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copper nickel daddy's Avatar
United States
2224 Posts
 Posted 03/02/2012  12:04 am  Show Profile   Bookmark this reply Add copper nickel daddy to your friends list Get a Link to this Reply
Unquestionably a Large Date. The photo on NGC's website, while a little fuzzy, confirms it. At least the seller has a seven day return privilege.
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