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 Replies: 41 / Views: 52,722 |
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Pillar of the Community
Canada
1248 Posts |
Hello, has anyone any experience with this company? they seem to grade anything, even fakes as authentic. it appears they are closely working with a company in FL calledt centsels and they sell thousands of coins on ebay. BUT these coins are all overgraded by up to 6 , yes 6 ! levels. perhaps someone has some experience here. it appears to be a huge ripp off... and misleading everyone thanks HHB |
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Pillar of the Community
United States
1429 Posts |
Its a bad company. Nevertheless, what I have done is buy where I believe the price is right and break the holder (very easy). You dont buy them for the certification only the coin.
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Pillar of the Community
 Canada
1248 Posts |
i believe they are all under one cover. Why does the AG or FBI not get involved?
They are deceiving and relieveing a lot of people of a lot of money.....
someone should get serious here to put them out of business.
AND, where do t5hey get literally tens of thousands of coins from?
h
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Pillar of the Community
United States
5318 Posts |
Quote:...it appears they are closely working with a company in FL calledt centsels and they sell thousands of coins on ebay. Exactly, as the ebay seller known as "centsles" is slabbing those coins himself under the guise of National Numismatic Certification. I say "guise" as he isn't exactly divulging that info, but this can be verified if you dig into publicly available data. I won't comment on his grading, but he should really divulge that those grades are his opinion--and not some industry standard.  Quote:
where do they get literally tens of thousands of coins from? Perhaps the usual buyer/seller channels, but this operation is based in Florida, which is also a node for all sorts of activity, if you get my drift. (it could easily happen there; not that this is an accuation, so nobody sue me). Edited by KurtS
08/18/2008 2:57 pm
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Pillar of the Community
Canada
1248 Posts |
Unfortunately I am not in the USA and there is little I can do , but someone should...
are there NO laws protecting buyers?
thesen crooks sols an MS69 graded 1/2 dollar....turned out to be not even a 58.
took it back.. for credit...was not a problem. BUT how many do not send it back and try and sell it again as the grade they bought it for? just criminal!
HB
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Pillar of the Community
United States
2797 Posts |
hhb, Always buy the coin and not the holder ... should solve 99% of the problem. If the pictures don't let you accurately grade the coin, pass on it. Too many folks get greedy ... and bid these up with the "hope" that they are the real deal.  |
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Pillar of the Community
United States
1267 Posts |
I agree 100%. Forget the holder and focus on the coin. You can find some great deals (usually odd varieties) purchasing slabbed coins by the "Non MainStream" companies, but knowledge of the series you're thinking of purchasing is a MUST.
take Care
Ben
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Pillar of the Community
United States
5318 Posts |
Despite regarding these holders at "face value", the one caveat I have is there are things which these holders hide/distract from. For instance, on NNC holders the edges are often obscured by a piece of white foam. You'll only know for sure once you break out that coin. My conclusion: it's better to buy a coin raw than from basement slabbers. The coin is far easier to inspect in person, and on ebay these coins often show the whole slab (as if that possibly matters), and the actual coin photo is quite small. One of my pet peeves I suppose; I got burned once buying a junk slab at face value--and have since learned. Edited by KurtS
08/18/2008 5:38 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
I believe they are all under one cover. Why does the AG or FBI not get involved? On what grounds? There are no legal standards or definitions for the different grades so You can creae your own "standards" and call anything what ever grade you want. We have no problem accepting that an NGC MS-69 is not the same as a PCGS MS-69, but we get all upset over the fact that a NTC MS-69 doesn't match either one of them. |
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Pillar of the Community
United States
1353 Posts |
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Pillar of the Community
Canada
1248 Posts |
hello murty
the link is not working
perhaps it has expired?
H
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Moderator
 United States
16679 Posts |
I agree with bonedigger, this "grading service" can call a Fair-2 coin an MS70 all they want, I'm paying Fair-2 money or I no buy!
swcoin.ecrater.com
Edited by vermontensium
08/22/2008 8:26 pm
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Pillar of the Community
United States
1353 Posts |
Edited by murty
08/22/2008 9:22 pm
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Pillar of the Community
United Kingdom
1077 Posts |
world-coinz is another one of this persons ebay IDs. I have bought a couple of coins recently. One from centsles and one from world-coinz. Same packaging, same check out system and centsles name was mentioned on the world-coinz checkout. I bought the coins not the grade and busted them open once arrived. I also today received a 3 question survey from ebay about this company and told them I would not recommend and why. (Over grading to dupe the ill informed) |
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Bedrock of the Community
United States
14454 Posts |
I have actually gotten some pretty good deals in NNC slabs but I have also seen some NNC slabs sell for way to much money. I have also gotten 1 or 2 coins in a NNC slab and when cracked it out of the slab as was mentioned above the rim have problems, these were high dollar VAM coins that were unattributed but still the problems were hidden by the foam insert |
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Pillar of the Community
United States
5618 Posts |
Bryan, I too have had some luck with that company.I also have heard nightmares about them.I would suggest to anyone to go to their site to see what comes up, it is a jokeand they are not the only one out there doing this to us all.Also Kurts your thoughts are right on the money as far as buying a raw coin before a slab and great job retrieveing that information. MORGANS DAD...
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Replies: 41 / Views: 52,722 |
Posted 08/18/2008 2:27 pm
