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 Replies: 16 / Views: 2,380 |
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Pillar of the Community
United States
615 Posts |
The MS 70 is really weird. I don't know if I have ever seen one of those. One 48 years old would be worth big bucks!
-SWUSC
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New Member
 United States
18 Posts |
Like I said don't know much about the grading or coins but it is in a hard plastic case and on top United States Grading Service 1961 Roosevelt .10 MS70 Serial# 41323081 Since you brought to my attention I have never heard of United States Grading Service is this a scam. Even if it is the coin looks great it has a lot of luster to it.
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Bedrock of the Community
United States
10982 Posts |
Quote:
...i have never heard of United States Grading Service is this a scam... Yes. |
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Moderator
 United States
6563 Posts |
Unfortunately USGS and dozens of others isn't a reputable grading company. Most are "basement slabbers" that take normal coins and over hype their grade. Got pics? Edit: Got me by 10 seconds!  |
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New Member
United States
18 Posts |
no pics yet got to get me a camera that will take pics but soon as I do I will post one for everyone to see. and I thought I was getting a good deal don't get me wrong its still a real nice coin but I probably paid to much for it what you think. A LESSON LEARNED .
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Moderator
United States
6563 Posts |
No Worries  Some of our members "lesson learned" experiences have been in the hundreds and thousands sometimes. |
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Pillar of the Community
United States
3098 Posts |
The only USGS I know of... USGS = United States Geological Survey Which my dad works for!  |
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Pillar of the Community
United States
1179 Posts |
Well, worst case is you lost $5 but I'm guessing the coin is decent shape?
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Bedrock of the Community
United States
19955 Posts |
You probably did OK on the dime, heck, it's only $5 and if it's at least an MS-65 it's Red Book $6. |
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Valued Member
United States
369 Posts |
1961 Silver dime in MS-60 is about $2.10, MS-65 is $6.50 Not a bad deal if you like it. (IMO) 1960 D small date: I have two values, but only for MS-65. The Red Book and a coin prices magazine, one says $10 and one says 30 cents.  1946 D, depending on condition a few cents to 30 cents. 1964 D, I assume it's a cent. Again, Red Book says 30 cents for MS-65, and magazine says $7 for same grade. I'm not very experienced myself, but I know flea markets, antique shops, etc. can be dangerous. Sometimes you can find a great deal, but many times there's someone with some common date silver and some coins from the 1800s that get people who don't know any better to pay way too much. You may be surprised, or maybe not, how little the average non-collector knows about coins. I'm sure I passed up many, many great coins before I came here. Even if you have an old book, take it with you, or write down the key dates and a "maximum price" for certain coins you're looking for. Or keep the book in your car. Now I'm giving myself ideas. One last thing. I've learned from bad experiences, good experiences, and from several people here, a very important tip: Buy what you like, and have fun. |
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New Member
United States
18 Posts |
Thank you all been a great help
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Valued Member
United States
317 Posts |
Welcome to the forum James. As far as grading services go, for future reference, stick with these 4 and you'll be fine: ANACS,NGC,PCGS and ICG. Those are the top 4 and their grades are considered the most accurate and respected.
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Pillar of the Community
United States
1121 Posts |
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Some of our members "lesson learned" experiences have been in the hundreds and thousands sometimes. Amen to that! |
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Bedrock of the Community
United States
17884 Posts |
There have been two different companies that went by the name United States Grading Service. The first didn't last very long. The second has lasted a little longer but neither one of them is to be taken seriously. They would both be considered to be "fly-by-night" grading services and the first one was definitely a self slabber.
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Valued Member
United States
429 Posts |
Be very careful about graded coins and especially if it is not someone that you have heard about before, I think we have all learned this lesson one way or another. Look at the up side that the others have pointed out, you still received great coins but just closer to the actual price, at least you really did not lose money on the deal. Any day I can walk away with something and be excited about it is a good day and this lesson will help improve your searching skills as well.
My first hard lesson was a Lincoln Wheat folder from 1909-1959 that was 3/4 full and a large variety in grades. I was told about PCGS and figured they were the only site to go to for prices and if that was their value then the folder was a steal for $100. Like others, I quickly learned that PCGS is not a normal price guide and that what I had was no where near what I paid for it. The funny part was that I never got down or upset but used it as a challenge to learn more about grading and collecting so it would never happen again.
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Posted 01/03/2009 11:48 pm
