Am I Missing Something Here? - Coin Community Forum

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Author	Replies: 5 / Views: 1,380
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 04/22/2014 12:37 am So a friend of mine told me he's selling some of his coins and wanted to know if I was interested in buying any.. So I went over to look at what he was getting rid of... most of it I had no interest in... but one thing caught my eye... It was an EF 1968 dime ICCS graded - small date.... So my first reaction was to fall on the floor and start laughing ... Why did he pay for this coin to be graded.. I would have cost him at least 10x what the coin is actually worth... I didn't laugh at him... and kept all remarks to myself but it really left me scratching my head.... so guys help me out here.. am I missing something here? Furthermore what's the most obscure coin you saw graded that looked like it just didn't belong...? Report this Post to the Staff

kuh_85 Pillar of the Community Canada 2366 Posts	Posted 04/22/2014 12:42 am Did he get it graded himself or did he buy it already graded from someone else? I've seen a number of low value coins in TPG holders floating around lately. My theory is that somebody who doesn't know much about coins inherits a collection and just gets it graded in bulk because they don't know what else to do with it. But that's just speculation on my part. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 04/22/2014 12:48 am I really didn't want to raise the issue and cause any embarrassment on my friends behalf... My biggest assumption is that he thought it may have been a large date and had it sent in to be graded... but that's only my best guess. Report this Post to the Staff
SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 04/22/2014 05:40 am Quote: Am I missing something here? Actually, it was the 1969 with the 'small and large' dates The 1968s had came from 2 mints, the RCM and the Philadelphia Mint. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 04/22/2014 09:55 am Well that's a big blunder on my part... I should really check what I write... I ment to say 1968.. sorry... Report this Post to the Staff
DBM Pillar of the Community Canada 9864 Posts	Posted 04/22/2014 10:25 am It costs more to have 45 coins graded than it does for 50. People will throw in whatever they have sometimes to reach the next discount level. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
	Replies: 5 / Views: 1,380

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