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Coin Grading

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New Member

United States
14 Posts
 Posted 07/08/2007  1:09 pm Show Profile   Bookmark this topic Add pmlmal to your friends list Get a Link to this Message Number of Subscribers
how can you be sure that your getting back the same coins you sent?with the modern coins they all look the same to me.is it that you place your trust in the graders honesty?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 07/08/2007  1:30 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
is it that you place your trust in the graders honesty?


That's exactly it. The reputable TPG's cannot afford to be caught switching coins; it would be the end of their reputation. That's one of the best reasons to stick to the major TPG's only - PCGS, NGC, ANACS, ICG.
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PBCoins's Avatar
United States
102 Posts
 Posted 07/08/2007  2:31 pm  Show Profile   Bookmark this reply Add PBCoins to your friends list Get a Link to this Reply
Coin grading services survive on collectors and dealers sending them raw coins and grading them for a fee. At $15-$30 each times tens of thousands of coins per month I don't believe they will jeopardize their business for a coin or two. You make a point that the bullion coins all look the same. If this is the case, does it make that much difference if you get a different coin graded 69DAM for example. Concern would be if you thought it was a "70". If you have a raw, high end coin you want to send in to grade I recommend you take pictures of the obverse and reverse with a high quality digital camera. Make note of any blemishes, scratches, bag marks, etc. that can identify your coin. So far I have had no problems with the few cons I have sent in for grading. Also a coin dealer's reputation is the most important aspect of his/her business. A negative posting to forums like this could put someone out of business in a hurry.
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longnine009's Avatar
United States
1247 Posts
 Posted 07/08/2007  4:21 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
All anyone has to do today is scan their coins before sending the in. Coins are not the same. The odds of coming across two coins of the same date and mint mark that just happen to have the same nicks and ticks in the exact same places are probably higher than the odds of winning the Powerball.
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