The Best Course Of Action? - Coin Community Forum

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Author	Replies: 5 / Views: 1,087
doublv New Member United States 7 Posts	Posted 08/28/2005 12:45 pm I know a little sumtin about coins but just enough to be dangerous. I'm very familiar with ebay but I don't sell collector coins. I've agreed to help my barber sell his 30 year old coin collection. He's an older guy, great haircut with interesting conversation. He stopped collecting when the dealer wouldn't buy them back at anywhere near the price he paid (30 years later, everybody still has the same complaint). He's carefully registered each coin and the price he paid 30 years ago so he knows exactly how much he has in each coin. I recently sold a CC Morgan for him and got a little less than 6X what he paid. He was delighted, my ebay raw coin search expected to get him 7X. Should I get these coins slabbed? What's a good return policy? How do I guard against a coin switch if the coin is returned? Any suggestions? I won't do a TIA and disappear but do wish to thank you for considering my question. Report this Post to the Staff

Metalman Pillar of the Community United States 7123 Posts	Posted 08/28/2005 1:36 pm Hi Doubly Welcome to the Forum !!! Opinions will no doubt vary on your questions, so dont take the first response and run with it . So here is my opinion, whether to have a coin slabbed is on a coin to coin basis,, what is the expected grade ? what is the rarity of the coin? is it a coin that has been counterfeited?(which when looked at most have ) is it a rare die variety that needs certification? without knowing what is in the collection what condition each coin is in, its nearly impossible to give a blanket opinion. so here is the summary, some of the coins may sell better slabbed, while others will not warrant the added expense!! Rick Report this Post to the Staff
doublv New Member United States 7 Posts	Posted 08/28/2005 1:49 pm quote: Originally posted by Metalman Hi So here is my opinion, whether to have a coin slabbed is on a coin to coin basis,, what is the expected grade ? what is the rarity of the coin? is it a coin that has been counterfeited?(which when looked at most have ) is it a rare die variety that needs certification? All coins are at least MS 64, perhaps better and nothing like the coins I've managed to hoard over time. Most retail in the $200 - $300 range raw and considerably higher slabbed. Report this Post to the Staff
national dealer Pillar of the Community United States 2724 Posts	Posted 08/30/2005 2:43 pm I agree with metalman. You would have to give far more details. Overall, any key date coin should be certified. Any coin that has a long history of counterfeits should be certified. Other than that, don't waste the money on certification. Report this Post to the Staff
robocp Valued Member United States 146 Posts	Posted 09/01/2005 09:52 am I agree ND Report this Post to the Staff
Susanlynn9 Forum Mom United States 5877 Posts	Posted 09/01/2005 11:17 am Hi Doublev and welcome. As far as slabbing the coins, it would depend on the value increase as far as I'm concerned. There are some that are worth slabbing although they are not key dates. For most coins in the $200-$300 range, I wouldn't slab unless it was a highly counterfeited coin. A good return policy should accept returns for any reason whatsoever in a reasonable amount of time. Some people want notification within 3 days of receipt, some 7. Coin switching can be avoided by using new 2x2 cardboard holders and marking with a blacklight pen. If you receive a return and your mark is not on the holder or the holder has been tampered with, then you know that something fishy went on and you can handle it accordingly. Make sure that you state in your return policy that tampering with the holder will void the return. Hope this helps. Report this Post to the Staff
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