My Slabbed "ms-67" Barber Quarter

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Author	Replies: 8 / Views: 1,666
Paul Bulgerin Pillar of the Community United States 3098 Posts	Posted 03/18/2015 5:40 pm Last week I came across a series of auctions for Barber quarters, all in slabs from "Numismatic Grading Service", whoever they are . . . or were. All were graded MS-63 to MS-67 and none of them even came close. Most were Very Fine at best. The seller, to his credit, made it very clear that all the coins were from a basement slabber and not the grade on the label. I did bid on one, this 1897, to which NGS assigned a lofty "MS-67" grade. I was the only bidder and won the coin for $37. It looked like it might be a decent EF to AU. The seller and I traded some friendly emails about this coin and the others. I got it today, took some photos and promptly "liberated" it from the slab. It does look to be an EF coin, maybe a bit better. The reverse is quite nice. It still has a lot of luster and no harsh cleaning marks. There are some circulation marks. I'm not sure if it's been dipped or not; I'm not good enough to determine that. But, for $37, I don't think it was a bad buy. Paul Bulgerin Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 03/18/2015 5:53 pm Agreed on all counts. Report this Post to the Staff
tkbslc Pillar of the Community United States 1158 Posts	Posted 03/18/2015 6:05 pm You would think these basement scam slabbers would at least show a little restraint and grade it maybe high AU or something. MS-67 just makes you laugh and cry at the same time. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 03/18/2015 6:06 pm Paul ,nice coin for the price. I agree on EF-45 slight wear. I don't believe it was cleaned. great deal. Report this Post to the Staff
Paul Bulgerin Pillar of the Community United States 3098 Posts	Posted 03/18/2015 6:13 pm Here's an 1894 in "MS-65". Paul Bulgerin Report this Post to the Staff
Paul Bulgerin Pillar of the Community United States 3098 Posts	Posted 03/18/2015 6:16 pm And the reverse of the "MS-65" 1894. Paul Bulgerin Report this Post to the Staff
ChildOfTheWheat Pillar of the Community United States 5828 Posts	Posted 03/18/2015 10:01 pm Nice pickup, it kinda sucks so see stupid basement slabbers. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/18/2015 11:44 pm The way to defeat the basement slabbers is to buy their stuff up at true grade value and crack it. Plenty of defunct slabs sloshing around the market, helping to perpetuate the idea that many "legitimate" slabbers exist. This is just one small necessity in the broader fight against them. Report this Post to the Staff
SilverStackerKid Pillar of the Community United States 6478 Posts	Posted 03/19/2015 10:14 am Surprised it didn't get ms-70. Lol. Report this Post to the Staff
	Replies: 8 / Views: 1,666

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