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 Replies: 9 / Views: 3,721 |
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New Member
United States
8 Posts |
I recently purchased a "certified" Morgan. The coin is graded by NIC. I have not heard about this grading company. The reverse does have a hologram with the name "Numasmatic Investment Corp." Did a quick search and nothing come up. The coin looks great. I checked that its not magnetic. The weight of the coin + the weight of the slab works out. Just trying to figure out who this grading service is. Any help is appreciated. (Hope the picts are helpful)   |
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Bedrock of the Community
Australia
21788 Posts |
They are trying to capture that
'long established and experienced image', combining the image of conservative grading (by inuendo), and numismatic knowledge.
They may have the expertise, they may not. I don't know of them, others may do. Could be honest people just trying to set up a business, could be much less than that.
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Pillar of the Community
Canada
4944 Posts |
Just appears to be an unreliable basement slabber.
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Pillar of the Community
Korea, Republic Of
1881 Posts |
Another basement slabber. Always go with PCGS, NGC, ANACS and ICG. The only top four respected grading services.
BTW, the coin is definitely not a 67. There's a good chance that it has been cleaned bright and not even MS. We need better pics.
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Pillar of the Community
United States
1511 Posts |
Quote:
Another basement slabber. Always go with PCGS, NGC, ANACS and ICG. The only top four respected grading services.
BTW, the coin is definitely not a 67. There's a good chance that it has been cleaned bright and not even MS. We need better pics.
^^^ this It's absolutely not an MS 67... There's a chance it's not even MS, and if it is there's a very good chance that it's cleaned or has some other issue... Classic basement slabber. I hope you didn't end up paying a lot for it...? |
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Moderator
 United States
23522 Posts |
Accurate evaluation from these images is impossible, of course, but I'll be pretty surprised if anything north of $50 isn't wasted on this coin, and that's best-case.
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Pillar of the Community
 Canada
9865 Posts |
"Numasmatic" says it all.
"Dipping" is not considered cleaning...
-from PCGS website
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New Member
 United States
8 Posts |
Thanks for all the replies. I appreciate your input. One of those rookie mistakes, but not all is lost. It's still a nice coin.
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Pillar of the Community
United States
2543 Posts |
One of the classic sayings in coin collecting is, " buy the coin not the slab/packaging " Always determine first and foremost, what the condition and value of the coin is. Then determine if the slab or packaging gives it any added value. This slab gives no added value over a raw coin. The coin does however look great from the pictures provided. If you would like to get a better idea as to the value of the coin itself, we would need better pictures. It is definitely mostly likely not an MS 67 coin, but it still could be a MS 63/64 coin. Unless you are going to try and "pay it forward" , crack it out of that useless slab and take some close up pictures and we will help you determine what you have  |
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Pillar of the Community
United States
937 Posts |
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Another basement slabber. Always go with PCGS, NGC, ANACS and ICG. I am not going to defend this company at this time, but one should remember that PCGS, NGC, ICG, and ANACS were all once unknown slabbers. At many a show and LCS I listened to and participated in conversations of the merits and lack thereof about each of these companies. Particularly about how PCGS grossly over graded many coins, and how often ANACS standards changed Quote:
It's absolutely not an MS 67... There's a chance it's not even MS, and if it is there's a very good chance that it's cleaned pretty strong words perhaps we should all remember that grades are an opinion, nothing more. Today's Basement Slabber may be the future's industry leader. It has happened before. |
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Replies: 9 / Views: 3,721 |
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Posted 11/14/2014 01:08 am
