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Textbook Definition Of 'Basement Slab'

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CoinCollector2000's Avatar
United States
2563 Posts
 Posted 11/02/2014  5:46 pm Show Profile   Bookmark this topic Add CoinCollector2000 to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1896-MORGAN...056016.l4276

Coin looks to be 63-64 at best with all of those bag marks.

EDIT: And not to mention they got the date wrong.
Edited by CoinCollector2000
11/02/2014 5:47 pm
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0xDA71D's Avatar
United States
1215 Posts
 Posted 11/02/2014  5:53 pm  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
I work there... Not!
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junjun's Avatar
Puerto Rico
778 Posts
 Posted 11/02/2014  6:04 pm  Show Profile   Bookmark this reply Add junjun to your friends list Get a Link to this Reply
ANGS stands for American Not Graders Service
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ArrowsAndRays's Avatar
United States
1657 Posts
 Posted 11/02/2014  7:35 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
Doesn't anyone read feedback anymore?
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coinlover168's Avatar
United States
506 Posts
 Posted 11/02/2014  7:38 pm  Show Profile   Bookmark this reply Add coinlover168 to your friends list Get a Link to this Reply
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Brian34Jersey's Avatar
United States
234 Posts
 Posted 11/02/2014  8:32 pm  Show Profile   Bookmark this reply Add Brian34Jersey to your friends list Get a Link to this Reply
It's a good thing they got that long serial number. You don't want to confuse it with other coins
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Rollsearcher37's Avatar
United States
1295 Posts
 Posted 11/02/2014  9:26 pm  Show Profile   Bookmark this reply Add Rollsearcher37 to your friends list Get a Link to this Reply
If it wasn't so funny, it would be really sad. All that seller sells is these basement slabs with outrageously high grades. And............wait for it............ almost all have bids on them!

Reading this guy's negative feedback's, it's pretty darn appropriate that their name begins with "snake".
Edited by Rollsearcher37
11/02/2014 9:30 pm
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Gyrene7483's Avatar
United States
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 Posted 11/02/2014  9:26 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
I went to ANGSONLINE.COM and on their about us page there is no information as to who they are or their experience in grading coins.

Break down this ebay sellers' userid snakerus4z5r and you get snake_r_us_4z5r that alone should tell you something.

Even PCGS and NGC do not always get the date right on their labels. Here is one from NGC I have. It is a 1959 Franklin half I had hoped they would attribute as a double die reverse. They said they did not recognize the variety. The coin was sent to James Wiles who did attribute it as such.

Textbook-Definition-Of-'Basement-Slab'
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Conder101's Avatar
United States
17884 Posts
 Posted 11/03/2014  11:07 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
ANGS is a basement slabber,and they have been around for about two years or so.
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Neo13x's Avatar
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604 Posts
 Posted 11/03/2014  11:35 am  Show Profile   Bookmark this reply Add Neo13x to your friends list Get a Link to this Reply

Quote:
Even PCGS and NGC do not always get the date right on their labels.


Should that be sent back for correction? I know if I sent a coin in to be graded and the label came back with the wrong date I wouldnt feel like I got what I paid for. More importantly I would think because the date doesn't match the coin then the grade itself wouldnt be accurate for that coin. If I saw a graded coin and the date didnt match what the label was, I wouldnt buy it. Such a simple error shouldn't happen.
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United States
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 Posted 11/03/2014  11:36 am  Show Profile   Bookmark this reply Add EddieDiz to your friends list Get a Link to this Reply
The name of the slabber is missing a letter;it should be ANGST.
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edweather's Avatar
United States
7375 Posts
 Posted 11/03/2014  11:40 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Also missing the s on snake(s) r us.
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Gyrene7483's Avatar
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1704 Posts
 Posted 11/03/2014  12:58 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
@Neo13x my initial thought was to return the coin to be reholdered and was told that there are collectors who actually buy slabs with errors on the labels sometimes paying more for the slab error than for the value of the coin in it so, what to do? I decided to just leave it the way it is and when NGC finally gets around to attributing this error I'll send it in to get the attribution and correct the date at the same time. It was originally in an ICG holder graded MS-65 so NGC just confirmed that the coin is of that quality.
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Neo13x's Avatar
United States
604 Posts
 Posted 11/03/2014  1:18 pm  Show Profile   Bookmark this reply Add Neo13x to your friends list Get a Link to this Reply

Quote:
there are collectors who actually buy slabs with errors on the labels sometimes paying more for the slab error than for the value of the coin


I never would have guessed that. Then again maybe they just said that so they didnt have to correct their mistake.
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Debrajc's Avatar
United States
4211 Posts
 Posted 11/05/2014  06:52 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
That's why I stick with the top two companies when buying a slab. They do make occasional mistakes but not like these other fly by night companies. And yes, doesn't anybody read feedback?
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ccoins15's Avatar
United States
33 Posts
 Posted 11/05/2014  11:13 am  Show Profile   Bookmark this reply Add ccoins15 to your friends list Get a Link to this Reply
@Neo13x I have actually been told it is against there terms and conditions to profit off of a mistake made. I had a 1932-S Quarter labeled as a D. Maybe MS-62 grade cannot remember exactly. But I do know it brought a large premium based on any price guide and whether it was a S or D. When I called NGC to ask about an invoice I mentioned the coin. Then try to say it was against the terms to profit from that.

So I am not sure what to do. Seems like it would be very hard for them to catch you.
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