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 Replies: 21 / Views: 7,749 |
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New Member
 United States
40 Posts |
oih82w8 - I would think that re slabbing could damage the coins if mishandled. It is an option since sending the coins back will cost me another $25-$35 for the shipping, insurance and possible restocking fee(5%). kanga - Have you bought that scratch remover in a store. A quick search shows I could buy from Amazon. I have a time frame to make up my mind. I have to let the online dealer know in 10 days if I want to exchange or refund the items. I am getting discouraged with buying coins in slabs or lenses. I have had to send items from 2 purchases back to the US mint. One had a cracked airtight and the other had debris sitting on a coin in the lens. This purchase with the scratches on the slab was a let down. I even asked for them to check the slabs for scratches or blemishes. It is on my invoice that I had this request. |
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Bedrock of the Community
Australia
21788 Posts |
Scratches on the slabs make the coins inside much harder to photograph, and I guess easier to hide scratches on coins, by a low ball basement slabber. Would be a problem if the coin has been over graded by the TPG, or if the coin has been graded by a basement slabber. |
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Bedrock of the Community
United States
17884 Posts |
Used to be we bought coins, now we buy plastic. Ordered a "perfect" coin, got a "perfect" coin, now we aren't happy because the plastic isn't perfect as well.
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New Member
United States
40 Posts |
Hi Conder101 - I know it sounds silly but I have never owned a slabbed coin. I don't know what is normal. I was going to buy the Novus scratch remover that kanga recommended. What would you say if upon further inspection I noticed there is an imperfection on a coin? I noticed a little smudge on the reverse near the edge of the coin where the grader likely held the coin. I am going to ask for an exchange of the coins. The way I see it is I would have chosen other coins if I was able to inspect the coins in person before purchasing.
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Bedrock of the Community
Australia
21788 Posts |
Scratches CAN be removed from slabs with jeweler's polish, if you are enthusiastic enough.
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Valued Member
Australia
338 Posts |
I've also found a cheap "watch repair kit" for the old watch faces works a charm. It comes in a box with paste and a buffing cloth, costs about $5 in Oz. I've been able to take a fully scuffed up PCGS holder and make it look like new in a couple minutes.
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New Member
United States
40 Posts |
OneDollarMule , sel_69l - I was prepared to buy the Novus that kanga recommended but the smudge on one coin has made me decide to try to exchange them. My line of work is alot of quality control. I am always looking for errors or mistakes. This may make it difficult for me to not see every flaw. I will have to learn what is normal for this niche.
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New Member
United States
40 Posts |
Hey all,
Update here, so I sent the coins back for an exchange. The return process went great. The dealer emailed me the return packing info and there was no charge to me. The bad news, the replacement coins are worse than the first set. Now these are 2013 PCGS MS+PR70 coins. One coin has what I think you call a milk spot on the obverse. The second coin has scratches on the reverse of the coin. The scratches are on the shield. I thought the scratches were on the slab but they are on the coin. I will call and ask for another exchange.
This makes me think twice about buying these graded 70 modern coins. I did get swept up in the idea that these MS 70 enhanced proof silver eagles would be a good investment. The thinking that they are the first of a kind and the mint was low at 280,000 and no plans to mint another one.
Now I think the money could be better spent on some high grade Morgans or Gold Eagles. I will likely have to pay a restocking fee if I choose to get a refund. I will just chalk it up to the price of the learning curve.
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Moderator
 United States
23522 Posts |
Quote:
MS 70 enhanced proof silver eagles would be a good investment.  I'm sorry, I couldn't help it. Not a fan of anything that says "70" on it; you now know why. |
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New Member
United States
40 Posts |
SsuperDdave - yeah I know there are a lot opinions on this site about graded 70 coins. I looked passed it because I thought the proof was in the numbers. Graded 70 coins are always fetching at least 2x 69's and I am always seeing 69's as part of clearance specials or all in stock while the 70's are sold out. I am quickly starting to rethink my theory. The funny part is I have been hesitant to put out much money on other coins. I have passed up some worn Barber quarters, IHC and a Gold Quarter Eagle "because I didn't want to go over-board without knowing enough first." But these enhanced silver eagles I thought "were a no brainer. I thought it was easy money to double in 3-5 years."  |
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Moderator
United States
23522 Posts |
Quote:
Graded 70 coins are always fetching at least 2x 69's and I am always seeing 69's as part of clearance specials or all in stock while the 70's are sold out. It's a bubble, driven by people who don't know that A) 70 is the expectation these days, not the exception - the Mint's that good - and B) TPG's do not grade 70's fairly or consistently. A 70, by definition, is perfect - a flawless, unmarred strike from a perfect die. You've seen that inconsistency. It's a bubble which will eventually burst. A game of musical chairs in which someone's gonna get left standing, holding a bunch of worthless 70's. |
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Pillar of the Community
United States
1476 Posts |
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New Member
United States
40 Posts |
Ok, so I am curious to hear what you think. Would you try again for a replacement or would you take the restocking fee hit and use the money invest in different coins?
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New Member
United States
40 Posts |
Well I returned the coins. No restocking fee, so I only lost out on the shipping. The lesson learned: I won't buy any graded coins without seeing them first.
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Pillar of the Community
United States
9793 Posts |
I've been looking for this article on fixing scratched slabs for awhile, after seeing this question pop up on the CCF forum again, thought I'd dig it out and share; http://www.australian-threepence.co...d-slabs.htmlReally shows the difference this can make for photographing coins in slabs! "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Replies: 21 / Views: 7,749 |
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Posted 05/22/2014 11:04 am
