Little Help On 1970-S Lhc Please - Page 2

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Author	Replies: 23 / Views: 2,114	Page: of 2

coindexter Pillar of the Community United States 869 Posts	Posted 09/08/2008 02:34 am And also would like to thank our forum mom and dad. For not letting those sellers try that here on CCF. This is one place you don't have to be a expert grader to buy a coin and not get scammed. And a big thanks to all the honest forum members I have bought from and will keep buying from. Coindexter Edited by coindexter 09/08/2008 02:35 am Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/08/2008 08:29 am Quote: I always thought that if a coin is graded by a licensed grader(PCGS)it is official and has a serial# placed with it to prove it is what it is Coindexter, you are sadly misinformed because there is no such thing as a "licensed grader", they do not exist and there never will be such a thing because of the subjectivity of coin grading. Why do you think computer-based coin grading failed miserably in the 90s? Like I said earlier- coin grading is qualitative and that is the reason why computerized grading does not work(with present technology anyway). The serial number on a slab is nothing more than an inventory identifier- it is not a guarantee of a grade in any way, shape, or form. Why do you think people constantly resubmit coins trying to upgrade them? Why do coins get downgraded sometimes when de-slabbed and resubmitted? Unfortunately, the ANA should do something like that but never will when there are things like "official graders of the ANA"(NGC). Besides, I think it is too late to put that genie back in the bottle as there are now five or six grading firms with claims of legitimacy- PCGS, NGC/NCS, ANACS, ICG, DGS(new PCI), and some would include SEGS with this group as well. Quote: I just think there should be a certification class(with a license number)to take before you sell to the public so they know they are not buying from a person that sells muffler bearings for a week then coins the next. When that happens, that will be the end of coin collecting as we know it. The b/s/t section of this forum would cease to exist, coins on ebay would virtually dry up, and the only people left to sell coins that would meet your standards would be largest firms and you better believe that they will be charging top dollar for high end coins but the low end market(<$100) would be all but ignored due to low profit. Goodbye corner coin shop, goodbye briefcase dealer, goodbye local small coin show Report this Post to the Staff
coindexter Pillar of the Community United States 869 Posts	Posted 09/08/2008 11:48 am I know myself that I would love to be able to show people my cert.# when selling them a coin. Just thank all of us here that enjoy coins and that are into it would be selling even more. It would weed out the bad sellers(the ones into it for just for the $$$)and if they want the money bad enough they too can take the test to be cert. I'm not talking about a 2 year coin collage class. But a seminar of a couple days at a coin show maybe. Just like applying for a drivers license, How many people go and apply for them. A small book to study and a written test and showing your skills. It would better the trade for the better. I see way to many posts on here asking "is this a fake". I just hate to see that. How many people on here agree? Report this Post to the Staff
coppercoins Pillar of the Community United States 7629 Posts	Posted 09/11/2008 12:05 pm Biokemist is 100% on this one. There cannot be such a thing as a 'licensed dealer' of coins. It would be nice to offer education and a certificate as an option, which to my knowledge is not currently done in any form. My best guess is that fewer than 1% of current dealers would take advantage of such education unless it was sponsored by a major name in the business...like the ANA. Report this Post to the Staff
slackware1995 Valued Member United States 74 Posts	Posted 09/12/2008 10:39 am OTOH, then you'd have people get the cert to be able to post that on ebay (as an example) showing that they "know what they are doing", yet 1. still not know what they are doing 2. know what they are doing, but lie to get more $$$ I am sure that those 2 would happen enough to question the validity of the honest ones. At least with the major companies, people are being paid to do a job, they are technically grading coins that they are not personally involved with, and the company has a reputation to uphold. True, you can resubmit a coin and it'll get a slightly different grade; but as others have said everyone has a slightly different eye to grading coins.. things that they look for that another person may not. With Joe Public grading his/her own coins to sell, it becomes way to easy to clean a coin and call it a certified MS-60 (heck you see that now, just that they can't claim that the coin is "certified"). Most of the public would have no idea of the difference. Report this Post to the Staff
neversuited1 Pillar of the Community United States 1121 Posts	Posted 09/15/2008 03:40 am Beautiful 70S smd Kurt! Report this Post to the Staff
ziggy9 Valued Member United States 499 Posts	Posted 09/15/2008 07:34 am coindexter Getting a license to do electric, plumbing, building or any other trade does not mean that you do that trade well. It alsao does not mean that you are going to be honest. If it did I would be out of a job as a building inspector. To license a dealer would give the public the impression that he knows what he is doing. Although he might be an expert on Lincoln Cents he might know nothing about Brittish Crowns. In order to protect his license, the honest dealer would have to stick to what he knows and deal only in Lincoln Cents. In order to collect a specific type of coin you would need to find a specialist. No specialist, no collection. If a series doesn't have enough potential profit it would go by the wayside. when trying to sell a collection you would have to shop it around to the various "experts" and hope one of them wants to buy, if not there would be nothing you could do because you aren't an expert and therefor can't sell. You have just managed to take the "hobby" out of our hobby. The only one that makes out in this scenario are the local or state governments that will collect the exhorbitant fees for these licenses. Just my views from the burocratic side of the trades Richard Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/15/2008 7:52 pm Meanwhile back to the subject. Glad to hear you got your money back from that deal. Try to remember that a 100% feedback means nothing when you get a lousy deal. Did you have to pay a return postage fee? Did he charge you a restocking fee? As noted that 70S small and large date thing is really a pain. I've always wondered just who sits there and tries to find stuff like that. Real small and large dates that I can see is logial but that 70S is one just to odd. Probably why I use Coppercoins book so much. Nice photos Chuck. Report this Post to the Staff
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