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 Replies: 11 / Views: 1,634 |
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New Member
United States
20 Posts |
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Pillar of the Community
United States
7620 Posts |
Congrats on the new bundle of joy! If I were you I would step back and reevaluate the purchases for a bit until you know more about what you are trying to do. You have good intentions but "the road to purgertory is paved with good intentions" (as the old saying goes)! What I see in the pics are not genuine reputable "slabs" from the recognized grading companies. If I were you I'd stick with NGC, PCGS or ANACS as the preferred slabbing companies if you choose slabbed coins. The other big question is what are you paying for this stuff? Proof, late date Wheat cents are cheap. You can find them at coin shops and at shows for a buck or two. Wheat cents can be had for a few dollars a roll at shops and shows. Common Indian cents can be bought for a buck or two, too. I would consider buying your grandson a nice slabbed coin like a Morgan dollar or something for a 7070 type set each year. Quality and rarity far outweighs quantity of "stuff" when it comes to collecting. Scammers are notorious on the internet for making up rolls like you pictured with an Indian cent on one end and a silver dime on the other end...along with 48 common Wheat cents sandwiched between them! Think about it! |
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Pillar of the Community
United States
1005 Posts |
Yes I would recommend you stop buying listings of this type. "International numismatic bureau" slabs are not reputable at all - while the coins are genuine they generally are whizzed or just not worth whatever you're paying.
Take a step back and consider saving some time and money for more quality coins that would be truly appreciated
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Moderator
 United States
56855 Posts |
Congrats on the new grandson! How about getting birth year coins/sets? Get the highest grade MS70 and PF70. I think the U.S. mint sell a birth year set each year. John1  |
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Pillar of the Community
United States
1667 Posts |
HI Tattedupmama! Yeah you should likely stop purchasing those.
Not trying to be mean but the fact is "Gem Proof Uncirculated" isn't even a grade, it's an opinion and all proofs should be uncirculated, so it could be anywhere above a PR60 as far as grade.
Generally speaking all older proof sets have been cherrypicked clean many years ago of higher grade examples above a PR65 and deep cameos ect. and unless it's a PR67 or higher it's worth about $5.00.
That company isn't necessarily a scam persay if you didn't over pay for it, but their labels are purposely deceptive so a seller can scam some extra money out of people by talking it up as if "gem" "proof" "brilliant" were a grade when they are just mixing 3 terminology words used in grading that sound good together. As if it's a condition rarity when it's not even a condition. The company might not be a scam, the seller sure could be though.
Proof? Yep it's a proof coin.
Gem? It certainly looks nice in the picture.
Uncirculated? I certainly hope so, it's a proof coin it should never see circulation.
That's what I mean, it's deceptive and leaves it up to subjectivity still when a slabbed coin should remove most of the subjectivity and opinion and nail down a grade.
Edited by Big-Kingdom
04/22/2019 06:35 am
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New Member
 United States
20 Posts |
Oh thank y'all so very much! For the congratulations as well as the advice!! Am I allowed to say what site I bought these from? And I'll be requesting refunds, that's for sure because I paid more than what y'all have stated here! I'm so glad I asked y'all because that site was about to make some money off of my uneducated tail! I'm going to take y'alls advice and step back from the bidding game and re-evaluate my options. I need to research so much more before I start throwing money at people.. My grandson was born with a rare type of dysphasia and I figured I'd get a jump on things we can do together because he may not ever walk. I guess I got over excited! Again, thank y'all so very much!
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Moderator
United States
56855 Posts |
Go ahead and say what site you bought them from. With limited mobility,coin collecting would be a good hobby for him...and you  Good luck to you all. John1 |
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Rest in Peace
United States
18456 Posts |
Stop right there ,do not buy anymore coins from that online auction . Those aren't very good coins that will benefit your Grandson when he gets older . What you need to do is stay with us at CCF and learn as much about coins as you can . and by all means ask questions about anything you think would be a good buy for him . Also learn the grading and value of the coins you purchase ,you don't want to get ripped off which has happened to many newbies and even some seasoned collectors . 
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Bedrock of the Community
United States
94367 Posts |
Good advice from everyone on this subject. Try to learn before your leap, and avoid that site for sure.   to the CCF! |
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New Member
United States
20 Posts |
It was policeauctions.com. Luckily they were taking their time about sending them so I requested a refund and they granted me refunds on all the items I bought coin related! Whew! Thank y'all so much! Y'all just saved me about 100 bucks! I will not buy another coin until I am sure I know what I'm doing! Y'all are the best!
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Bedrock of the Community
United States
20753 Posts |
As already stated, STOP using that web site. Look into purchasing a copy of what is called the Red Book by Whitman Publishing co. It is a book that shows almost every US made coin and approximate values. Although the prices shown area normally exaggerated. You can buy that book on web sites like Wizard coins, most hobby stores, or any coin store. Such a book can give you better ideas as to what to buy. |
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New Member
United States
20 Posts |
Again thank y'all so much for the advice! I'm going to buy that book as soon as I'm done here. I had talk but 2 of the orders cancelled and received the ones that were already sent out in the mail today. I'll post pictures of what I received in just a few.
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Replies: 11 / Views: 1,634 |
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Posted 04/22/2019 01:26 am
