| Author |
 Replies: 60 / Views: 11,463 |
|
New Member
United States
27 Posts |
I feel ashamed that I was taken a fool by centsles on ebay. As a newbie I took the company at its word. Companies like this is going to ruin any new comers to the Coin World. And it certainly has me rethinking if I should continue. I bought about 15 slabbed coins from these guys, only to find out after reading some posts on here, that they slab and grade their own coins. Heres some results of what I turned in. The about of money I lost is quite high and I'm utterly mad.   |
|
|
|
Bedrock of the Community
United States
94367 Posts |
Bit confused - so you bought these NNC coins and then re-submitted them to NGC?
|
|
Pillar of the Community
United States
5826 Posts |
Ouch!
What about the other 6 coins? Did you return for money back?
Edited by macmercury
06/18/2019 8:33 pm
|
|
Rest in Peace
United States
18456 Posts |
Yeah that's what I'm thinking too . Quite a bit of difference between grades .  |
|
Bedrock of the Community
United States
11880 Posts |
i came here to learn to grade so that I don't have to rely on third parties. you aren't the only one to learn in this manner - through hard knocks. I made the same mistakes. hopefully you'll embrace learning about grading and be able to rely on yourself.
|
|
Pillar of the Community
 United States
8938 Posts |
|
|
Pillar of the Community
United States
7027 Posts |
For sure a bummer, follow Num.Students lead and open as many posts in the grading section as you can...then when you have a raw coin, put it up with your grade and see how well you do to compaired to the pros...Also I hope you have checked out PCGSPhotograde.com....Sometimes you can get a deal with basement slabbers but often times...not. Best of luck in the future.....good luck
|
|
Pillar of the Community
United States
824 Posts |
I am sorry but I don't think you can blame Centles 100% on these (even though he is a complete joke and does ruin the industry). He CANNOT post grades on his auctions so how did you make the decision to spend the money you did on these coins? And what made you break them out and resubmit to another TPG? I have purchased a coin from him and immediately returned it after receiving it (Not what was described) and I guess I am lucky because he has blocked me from ever buying from him again. I am surprised that he is still able to sell on ebay! |
|
Bedrock of the Community
United States
10982 Posts |
By sharing this information you probably helped others avoid your mistakes. Thank you for doing this.
Why did you crack these out and submit them to NGC? You must have had some idea they were overgraded right?
Watch out for homonyms in the future, Centsles = Senseless.
|
|
Pillar of the Community
United States
3453 Posts |
I am not sure there is anything that you can do at this point since they were cracked out and many, MANY have tried to deal with this yahoo unsuccessfully. I think at some point we all have made an error in judgement but at least you got yours over early in your (hopefully long) coin collecting career. My tag line speaks to my experience: Quote:
Mistakes are painful when they happen, but years later a collection of mistakes is what is called experience. - Denis Waitley
I have a lot of experience - CoinsKelly Edited by CoinsKelly
06/18/2019 10:54 pm
|
|
Valued Member
Canada
314 Posts |
Couple things, first, Centsles does not guarantee you any grade, in fact he cannot even list a grade as that would violate ebay's policy regarding reputable TPGs. The last time I saw one of his listings he had the grade he gave it blacked out. Secondly, if someone has something to gain by telling you their opinion, and they don't even know you personally, take that opinion with a grain of salt. "Looks BU" is going to garner a higher sale price than "possibly cleaned AU." A few minutes of research would've given you the info you have by now: that NNC itself is not trustworthy and it's best to stick to the reputable grading services, especially when you're new. Lastly, if it looks too good to be true, it probably is. Coin collecting is a wonderful hobby, but you have to realize that, just like in any other field, there are scammers and pitfalls. As consumers we have to make educated decisions before spending our hard-earned money. |
|
New Member
 United States
27 Posts |
The rest of my purchases from centsles was toned Morgans. I'm to afraid to submit them as I'm now confident most of them are artificially toned like the 27 Peace dollar I paid $300 for. The main reason of this post is to let new guys like myself know that just because someone is a large dealer and the coins are slabbed, doesn't mean they're being honest. This man owns the grading company and can grade his coins whatever he wants. One thing I noticed is that there is never a details grade on any of his coins. Out of the thousands of coins he grades for himself to sell on ebay, not one are details per his grading company. Had I just searched nnc or centsles on this site before hand, I wouldn't have ever bought from this seller and would have known more about fake grading companies. Edited by Chip Schleichard
06/19/2019 07:49 am
|
|
Rest in Peace
United States
18456 Posts |
I had a deal in with him about 2 years ago .Met him in person and he tried to pull a fast one with an NNC slabbed coin .At the time I did not know he owned the NNC label but found out soon after .  |
|
Valued Member
Canada
314 Posts |
I'm sorry but I'm not sure why you paid $300 for a coin with no guaranteed grade when you could've gotten the same coin in an NGC or PCGS MS-64 slab for around that same price. Unless you are very very confident in your ability to grade Peace dollars, this simply doesn't make sense. Also, all you had to do was research the reputable grading companies. NNC would never be on the list. There are too many basement slabbers out there for me to remember, good thing I don't have to because I know the reputable ones. I think we've all been had to some degree as beginners in the numismatic community; I once bought a few cleaned Morgans for around $30 a piece from a dealer that told me they were "BU." Like you, I simply visited this forum and educated myself, and it hasn't happened again. |
|
Pillar of the Community
United States
1005 Posts |
Agree it's so important to educate and get the word out about these practices. If more new people knew about this then people like centsles wouldn't stay in business and the problem would subside.
|
|
Pillar of the Community
United States
2843 Posts |
I am sorry to hear about you bad experience.
Tough lesson to learn. Slabbed is a meaningless term. It simply means ensconced in plastic. I am actually surprised that one was within 1 point of NGC.
Keep at it, and stick around. You will get to see the other 99% of this hobby is not like that.
|
| |
Replies: 60 / Views: 11,463 |
Posted 06/18/2019 8:32 pm
