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 Replies: 8 / Views: 1,523 |
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Pillar of the Community
Canada
849 Posts |
What percent more would you usually pay for a certified (by reputable company) coin over an ungraded one? I am at the point where I am wanting to buy some higher priced items (at least higher priced for me - maybe average for some of you people!). For example in the silver dollars I need the 45, the 47s and the 48. I don't trust my grading skills too much and don't mind ebay bidding but don't want to pay way too much for something artificially graded two steps too high. Do these particular items, when certified, usually go for close to catalogue value in VF to AU grades? Would you pay 20% more for a certified coin rather than buying one that looks similar in a picture that could be off or even fake or polished, etc? Edited by punman
10/05/2013 09:58 am
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Valued Member
Canada
386 Posts |
I agree with you in buying certified coins to minimize your chances of getting stuck with counterfeits. But remember, even TPG packages have been counterfeited. Your best best is to buy from a reputable dealer, but I would never pay a premium because the coin is certified (which only costs around $15). In Canada you are best going with ICCS and CCCS certified coins. |
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Pillar of the Community
Canada
3234 Posts |
I would not expect you to have to pay more than trends to get the above mentioned dates.
I would feel that it's safe to post a potential coin here and ask the resident experts(SPP or NIckelsguy..and others etc..) for their opinion on a specific coin. I would trust their opinion 100% of the time.
Edited by DEVLEC
10/05/2013 10:39 am
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Pillar of the Community
Canada
933 Posts |
If we are talking about buying coins such as the 48 dollar...then I would most definitely pay a little extra for certified. I wouldnt like to pay $2000 for a rwa coin that may or may not be fake. Obviously if I'm buying from a reputable dealer or member, then I wouldnt mind if its raw. Online, ebay...I only buy certified or from reputable sellers. Raw expensive coins are buyer beware |
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Pillar of the Community
Canada
2495 Posts |
Definitely stay with ICCS graded Canadian coins for your purchases. You should be paying somehwere between 50% to 80% of trends for such coins. Paying over 80% in today's market is overpaying. Buying uncertified coins or 'raw' on ebay or from a dealer could potentially be an expensive lesson as some raw purchases tend to be overgraded and/or there could be problems with the coin (such as cleaning, nicks, tooling, etc). |
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Pillar of the Community
 Canada
849 Posts |
I appreciate the advice and experience of all of you.
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Pillar of the Community
Canada
1581 Posts |
As said, the problem is:
Even reputable dealers are sometimes burned by fakes
There are definitely fakes in real ICCS flips (snuck through) as well as FAKE ICCS flips.
So, with any higher end purchase, a reputable dealer + ICCS would be in order. The combination would hopefully minimize the risk.
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Pillar of the Community
Canada
3692 Posts |
Biggest coin purchase I ever made was certified. This was so I could sleep at night. And I agreed strongly with the grade given (may have been undergraded slightly). Today it's worth $80 more than what I paid for it, so the return will be sweet if I decide to sell, but I probably won't. Here's to hoping I can pass it down to my grandkids.
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Pillar of the Community
Canada
1554 Posts |
 Good morning Punman, interesting post and Original. Over the past 5 years prices for coin sales have dropped across the board between 20-40%. However, with that said, when making internet purchases of coins with a value exceeding $500.00, I would strongly urge one to seek I.C.C.S. Certified coins. Over the past 20 years, I have purchased in excess of 2,000 I.C.C.S. graded coins and have never seen one with a "fake" holder or coin in it. So worry pas, they are few and far inbetween. The beauty of obtaining a Certified coin is the "CREDIBILITY" factor, which not only gives that added satisfaction that the grade you are buying for a particular coin was certified by a Pro that has no vested interest in it vs. a dealer selling a raw coin would sometimes tend to over exaggerate a grade for monetary purpose$. With some coins, the trend price jumps a whopping $5,000+ for a 1 point increase! Glenn  Edited by glenzy1
10/06/2013 09:11 am
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Replies: 8 / Views: 1,523 |
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Posted 10/05/2013 10:38 am
