Why Would You Pay To Have This Graded?

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Author	Replies: 8 / Views: 2,121
Paul Bulgerin Pillar of the Community United States 3098 Posts	Posted 06/22/2014 5:00 pm I saw this 1902 Indian Head cent in a PCGS holder graded "Cleaning - Fine Details". I'm wondering why someone would pay the money to have a coin like this graded. Did they think the cleaned coin was a high grade original cent? I'd appreciate hearing people's thoughts on this. Thanks. http://www.ebay.com/itm/1902-Indian...em2590886b56 Paul Bulgerin Report this Post to the Staff

dave700x Rest in Peace United States 10625 Posts	Posted 06/22/2014 5:16 pm The seller also has a 1994 Roosevelt graded AU55 for $15.76. Must be the grading fee was $15.66. But hey, at least they are genuine coins and not chinese fakes. Edited by dave700x 06/22/2014 5:17 pm Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 06/22/2014 5:31 pm I can see missing the cleaning but the low grade! Now THAT'S a real newbie move. Report this Post to the Staff
Sap Moderator Australia 16849 Posts	Posted 06/22/2014 6:19 pm Perhaps it was graded by someone with four "free grade" coupons but who only had three coins they really wanted graded. So they just picked up a coin at random and tossed it in with the rest of the submission. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
westcoin Pillar of the Community United States 9792 Posts	Posted 06/22/2014 6:21 pm Possibly wanted an error or variety that wasn't there too. I lean more towards the newbie or someone that inherited coins and knew nothing about them. There are a few dealers that specialize in low end coins like http://www.cheapslabs.com I buy slabs like that if I can get them really cheap, but it makes one wonder why someone would pay $10-40 to slab a coin worth a couple of bucks at the most. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
Franklin Collector Valued Member United States 113 Posts	Posted 06/28/2014 11:42 am They might have been new to the hobby and did not know about cleaning. I have a Florida State Quarter that graded PCGS MS 66. I got it from a friend who had no use for it. Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 06/28/2014 11:46 am I know some dealers get discounts when they submit in bulk. Maybe they needed one more coin to get a discount so they toes one in at random. Or someone thought it was worth a ton of money because it was "old". Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 06/29/2014 03:21 am Quote: I lean more towards the newbie or someone that inherited coins and knew nothing about them. Quite possible. Over and over again I see newbies or people who have inherited coins come into forums to ask questions and someone almost always pops up and says "You should have them graded/slabbed/sent in to PCGS, NGC, etc". Something along those lines. Usually based on just vague descriptions, no images or bad ones. I would bet the TPG's get a lot of coins from people who don't know what they are doing because of those blanket "slab them all" recommendations. Report this Post to the Staff
Matteproof Pillar of the Community Korea, Republic Of 1881 Posts	Posted 06/29/2014 04:10 am Report this Post to the Staff
	Replies: 8 / Views: 2,121

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