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What National Coin Company "Is" Good/Fair To Buy From ?

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New Member
United States
1 Posts
 Posted 04/24/2008  12:43 pm  Show Profile   Bookmark this reply Add lccoins to your friends list Get a Link to this Reply
Thanks indianhead for the positive feedback regarding L & C Coins. I just wanted to clarify that our website is https://www.LCCoins.com, and the address that was posted earlier will no longer work after this weekend. Today we'll be switching to our new website. As of 4/25/08, we'll be offering free shipping on all domestic orders for a limited time.
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Prethen's Avatar
United States
3234 Posts
 Posted 04/24/2008  1:17 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
I have to say one word about some of the companies mentioned on this thread....CAUTION!

I can say this with personal experience and the experience of many others. Go the the PCGS forums and look up the company names in their advanced search engine under the U.S. Coin forum. Be forewarned, your eyes might bleed and your wallet might hurt after some of what you read.

I'm not saying all is bleak with some of these companies. You just have to be very informed as to what you're buying. Here are some of my personal experiences:
  • Bought and returned a scarce 3CN due to evidence of acid wash/etching to improve surfaces
  • Bought and returned a 3CN that had a pinscratch that the dealer shrugged of as no biggie and failed to mention it in the description
  • Observed numerous cleaned coins with no such description made evident; they treat collectors like birds, they must like shiny, white objects
  • Many problem coins that go understated or completely unstated
  • Exaggerated grades, especially helped along due to cleaning


The worst part is, you won't know that you go screwed until you go to sell. Perhaps you can take decent enough photos and you can discover that sooner, though.

However, there are times these companies will have good coins amongst the schlock. You won't know until you get it in hand and now your playing the expensive postage game (of receive and return).
Edited by Prethen
04/24/2008 8:54 pm
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desertgem's Avatar
United States
860 Posts
 Posted 04/24/2008  6:45 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply

I have purchased coins from (online/ebay represented) actual coin stores recently and have had good experience because they compete on ebay and are willing ( usually) to adjust their prices a little and accept mutually responsible returns/exchange/refunds. I love those "Make an Offer" listings. There is no real coin store within a hundred miles of me.

You want to buy your coins from someone who really knows coins, and if they do, you may get a good deal, but you won't get a steal. It will probably be very close to fair value.

20+ years ago I bought coins from Bowers and Merena and felt they were one of the most expensive stores. I bought a 1972 double die cent ( the exp. one) they graded as MS64 for $250. I also bought one from another dealer also labeled MS64 for $200. Today the Bowers coin grades MS-66 and the other is a MS63. I wish I had more sense 20 years ago and bought more from B&M :( I also have bought coins from Dave's ( Thecollectorsfriend.com) who has good grading skills. He doesn't even have photos of the coins on his webpage, just written descriptions.

If someone offers a BU 1884-S Morgan under $500, expect XF+, cleaned. Just my 3 cents worth.

Jim
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murty's Avatar
United States
1353 Posts
 Posted 04/24/2008  8:28 pm  Show Profile   Bookmark this reply Add murty to your friends list Get a Link to this Reply
I have bought from Coast to Coast,and L&C Coins. Mostly Morgan dollars. Basically I got what I paid for...no surprises on the downside.
Valued Member
mvc's Avatar
United States
138 Posts
 Posted 04/27/2008  02:06 am  Show Profile   Bookmark this reply Add mvc to your friends list Get a Link to this Reply
before buying from any dealer, do some searches on Google and all the coin forums. A few of the advertisers in the main coin publications will show up in these searched as sellers who have a reputation of selling cleaned, dipped, or whizzed coins. I am not saying they are all bad, I am simply saying do some research beyond this forum. It will be time well spent
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Prethen's Avatar
United States
3234 Posts
 Posted 04/27/2008  12:02 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
I also want to emphasize that thinking you got a good coin and knowing you got a good coin are two completely different things.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 04/28/2008  08:30 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Prethen........
QUOTE:
"I also want to emphasize that thinking you got a good coin and knowing you got a good coin are two completely different things."


As usual smart advice from Prethen !...
Knowledge is key as they say.........
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