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Author Previous TopicReplies: 14 / Views: 2,133Next Topic  
Valued Member
benchfreak221's Avatar
United States
123 Posts
 Posted 07/14/2012  05:23 am Show Profile   Bookmark this topic Add benchfreak221 to your friends list Get a Link to this Message Number of Subscribers
I am kind of new to coin collecting and I see that you can buy coins on ebay from this sight, how do you know if the coins are faked? Any opinions? Thanks
Valued Member
Canada
389 Posts
 Posted 07/14/2012  06:16 am  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
Buy graded coins
Pillar of the Community
United States
3184 Posts
 Posted 07/14/2012  06:35 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
stick to the main three companies....NGC, PCGS, and ANACS
Valued Member
benchfreak221's Avatar
United States
123 Posts
 Posted 07/14/2012  06:48 am  Show Profile   Bookmark this reply Add benchfreak221 to your friends list Get a Link to this Reply
Ok, thanks for the input. Have you heard anything about ICG coins graders. I have recently bought a coin that was graded by them. Thanks
Pillar of the Community
mackwork's Avatar
United States
652 Posts
 Posted 07/14/2012  07:29 am  Show Profile   Bookmark this reply Add mackwork to your friends list Get a Link to this Reply
ICG is also a good outfit.
Valued Member
benchfreak221's Avatar
United States
123 Posts
 Posted 07/14/2012  08:15 am  Show Profile   Bookmark this reply Add benchfreak221 to your friends list Get a Link to this Reply
Thanks everyone for the input.
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 07/14/2012  08:54 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
If you look up ebay seller oozentoo - you can trust this seller. I cannot say enough about his honesty and integrity. He is the owner of Antietam Coin exchange in Hagerstown,MD. He has a great reputation in the coin hobby and with dealers in (at least) PA and MD. I also like him b/c, as the sign in the front window of his store says, "Welcome to a local police owned business!"

When in his store, I have had him tell me things about coins I buy from him, like what he paid for the coin (and the auction he got it from so I could see what he is saying is valid), that is abnormal to hear coming from a seller. When in the store, if I tell him I'd like one of his ebay items, he has automatically computed and cut from the the price anything ebay fees & shipping would have cost him (and then knocked some off of the price). He did this the very first time I met him.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Coinstar's Avatar
United States
1510 Posts
 Posted 07/14/2012  1:23 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
I looked for oozentoo on ebay--didnt see him
Retired USAF 1983-2003
Pillar of the Community
D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 07/14/2012  2:17 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Sticking to graded coins by PCGS, NGC, ANACS, or ICG should remove almost all of the probability of purchasing a fake. The thing is that counterfeits are faking the slabs as well so you have to watch out for those. Being able to authenticate coins doesn't come overnight. It take years of experience looking and studying genuine as well as counterfeit coins. Buying coins slabbed either one of the 4 companies above and from a reputable seller should ensure that the coins are authentic.
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Earle42's Avatar
United States
10038 Posts
 Posted 07/14/2012  3:02 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Here is an ebay link to his store
http://stores.ebay.com/Antietam-Coi...=p4340.l2563


- I believe its OK to post URLs to ebay stores. If not, I just googled:
oozentoo ebay

and the first hit is his ebay home page.

Go ahead and copy paste this into google if need be.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
07/14/2012 3:05 pm
Pillar of the Community
Coinstar's Avatar
United States
1510 Posts
 Posted 07/15/2012  12:53 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
got it thanks
Retired USAF 1983-2003
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 07/15/2012  01:05 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
No problem - let us hear if you get something good!

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Bedrock of the Community
United States
20753 Posts
 Posted 07/16/2012  10:55 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

You will find a lot of info about buying coins anywhere right here on this forum.
As already noted if you plan on buying coins over the internet, ebay or other source, attempt to only buy those authenticated by the TPGS's previously mentioned.
However, this does not mean 100% full proof. China is now known to be producing faked coins in faked slabs with the names of some of those TPGS's on them. So although much safer to get one in a slab, not really 100% sure anymore.
It is interesting if you go to Google and type in Coin grading services or TPGS's, you could find there are many, many, many now in existance. Some may be being made right next door to you in a basement.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/16/2012  5:44 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
China is now known to be producing faked coins in faked slabs with the names of some of those TPGS's on them. So although much safer to get one in a slab, not really 100% sure anymore.


On the bright side China still hasnt figured out the labels correctly yet. But without change its only a matter of time till they get it right
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 07/17/2012  10:55 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
how do you know if the coins are faked?

Unfortunately, experience, which is something a new collector does not have. How do you get experience and learn to spot fakes? By close examination of lots and lots of genuine coins over time. There is no shortcut
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