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Replies: 21 / Views: 7,740 |
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New Member
United States
40 Posts |
Hello everyone, I bought my first 4 graded 70 coins. I ordered them online and I received them today. There are minor scratches and scuffs on the slabs. Is this normal or should I return them. A couple of the scratches do mar the eye appeal. My other dilemma will be if I return them do I want to risk getting another set with scratches or should I just get a refund.
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Pillar of the Community
Canada
5417 Posts |
If they are minor, they don't make a difference, after all it's the coin inside that matters (I hope you bought NGC or PCGS). I mean, in an ideal situation where you could just go to a dealer warehouse and switch them out. However, with the cost of return shipping and all the hassle, it's just not worth it. Anyways  to CCF!
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Valued Member
United States
291 Posts |
I agree with zxcccxz. Its generally not worth the hassle and time if they are just minor. The important thing is that they are on the case and not the coins.
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New Member
 United States
40 Posts |
zxcccxz, Yes I got PCGS. I could probably live with 3 of the coins that have the scratches. One of the coins has a scratch that you see right away on the reverse. I would have to return 2 coins to replace the one. I bought the 2 piece graded set of 2013 reverse and enhanced ASE. My reason for buying the graded coins was to resell in the future. My thinking was "I am buying graded perfect coins and if I see scratches on the slab it's like seeing scratches on the coins." Do alot of slabs have scratches on them? These are the first slabbed coins I have ever handled.
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New Member
United States
34 Posts |
I know exactly how you feel. In the last 9 months I've purchased 9 coins in holders (all NGC) and 8 were pristine except the most important one, a 2008 MS 69 Early Release Silver Eagle, my grandsons birth year. No deep scratches, but almost like the previous owner threw it in a cigar box with a bunch of other stuff. I can't justify sending it in for a replacement holder. Still kind of a bummer. Grandson will have to get over it. 
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Pillar of the Community
United States
7840 Posts |
I would not be surprosed if a good portion of the money money the TPG make is on reholdering. I have sent in a few to PCGS for reholdering ($5) and TruView ($10).By sending in 10 coins, it averaged out to be $20 per (including shipping)...it is worth it to me.
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Pillar of the Community
United States
5825 Posts |
There are a lot of polishes out there suitable for removing scratches from slabs, particularly light scratches. I personally use the 3-part Novus product.
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New Member
 United States
40 Posts |
oih82w8 - I would think that re slabbing could damage the coins if mishandled. It is an option since sending the coins back will cost me another $25-$35 for the shipping, insurance and possible restocking fee(5%). kanga - Have you bought that scratch remover in a store. A quick search shows I could buy from Amazon. I have a time frame to make up my mind. I have to let the online dealer know in 10 days if I want to exchange or refund the items. I am getting discouraged with buying coins in slabs or lenses. I have had to send items from 2 purchases back to the US mint. One had a cracked airtight and the other had debris sitting on a coin in the lens. This purchase with the scratches on the slab was a let down. I even asked for them to check the slabs for scratches or blemishes. It is on my invoice that I had this request.
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Bedrock of the Community
Australia
21788 Posts |
Scratches on the slabs make the coins inside much harder to photograph, and I guess easier to hide scratches on coins, by a low ball basement slabber. Would be a problem if the coin has been over graded by the TPG, or if the coin has been graded by a basement slabber.
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Bedrock of the Community
United States
17884 Posts |
Used to be we bought coins, now we buy plastic. Ordered a "perfect" coin, got a "perfect" coin, now we aren't happy because the plastic isn't perfect as well.
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New Member
 United States
40 Posts |
Hi Conder101 - I know it sounds silly but I have never owned a slabbed coin. I don't know what is normal. I was going to buy the Novus scratch remover that kanga recommended. What would you say if upon further inspection I noticed there is an imperfection on a coin? I noticed a little smudge on the reverse near the edge of the coin where the grader likely held the coin. I am going to ask for an exchange of the coins. The way I see it is I would have chosen other coins if I was able to inspect the coins in person before purchasing.
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Bedrock of the Community
Australia
21788 Posts |
Scratches CAN be removed from slabs with jeweler's polish, if you are enthusiastic enough.
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Valued Member
Australia
338 Posts |
I've also found a cheap "watch repair kit" for the old watch faces works a charm. It comes in a box with paste and a buffing cloth, costs about $5 in Oz. I've been able to take a fully scuffed up PCGS holder and make it look like new in a couple minutes.
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New Member
 United States
40 Posts |
OneDollarMule , sel_69l - I was prepared to buy the Novus that kanga recommended but the smudge on one coin has made me decide to try to exchange them. My line of work is alot of quality control. I am always looking for errors or mistakes. This may make it difficult for me to not see every flaw. I will have to learn what is normal for this niche.
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New Member
 United States
40 Posts |
Hey all, Update here, so I sent the coins back for an exchange. The return process went great. The dealer emailed me the return packing info and there was no charge to me. The bad news, the replacement coins are worse than the first set. Now these are 2013 PCGS MS+PR70 coins. One coin has what I think you call a milk spot on the obverse. The second coin has scratches on the reverse of the coin. The scratches are on the shield. I thought the scratches were on the slab but they are on the coin. I will call and ask for another exchange.
This makes me think twice about buying these graded 70 modern coins. I did get swept up in the idea that these MS 70 enhanced proof silver eagles would be a good investment. The thinking that they are the first of a kind and the mint was low at 280,000 and no plans to mint another one.
Now I think the money could be better spent on some high grade Morgans or Gold Eagles. I will likely have to pay a restocking fee if I choose to get a refund. I will just chalk it up to the price of the learning curve.
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Moderator
 United States
23522 Posts |
Quote: MS 70 enhanced proof silver eagles would be a good investment.  I'm sorry, I couldn't help it. Not a fan of anything that says "70" on it; you now know why.
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Replies: 21 / Views: 7,740 |