Raw Valuable Coins On Ebay - Page 2

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Author	Replies: 19 / Views: 3,258	Page: of 2

smokeriderdon Pillar of the Community United States 3755 Posts	Posted 05/14/2020 4:31 pm Say you are looking for a 1916D Merc. A slabbed Good will likely run you mid 600's or so. Which is not a bad price on a nice one. If you manage to sang one for less than that ungraded, how much did you save if it turns out it is fake? If you find a good deal graded, that is always a better option on key coins IMO. All that being said, if you have had good dealings with a dealer and you know they back their coins, then graded may not be needed. Report this Post to the Staff
Zurie Pillar of the Community United States 5672 Posts	Posted 05/14/2020 5:19 pm The vast majority of coins on ebay are genuine. The more common issue is whether they have been cleaned or are otherwise detail coins that would affect value. But I would be a bit more leery about getting a raw key date or a coin that is commonly counterfeited (like classic gold). The option of getting a quick $5 authenticity opinion from NGC would seem to be the least you should do if you are not an expert and want to go for a high value raw coin. Report this Post to the Staff
TimNH Valued Member United States 416 Posts	Posted 05/15/2020 11:47 am Quote: If you manage to snag one for less than that ungraded, how much did you save if it turns out it is fake? In that case, you didn't "save" anything, in fact you lost it all. But that isn't my question. It's more like, on average, what is the savings on raw ebay coins. Say you buy 100 coins (assume equal prices), and 5 of them turn out to be fake. You "lose" 5% of your money. But say instead you buy those 100 coins slabbed or from a reputable dealer. Did they cost more than 5% over the above? I think they do! That "5%" figure of course is just a made up example. Worn common stuff at low money, I bet are rarely counterfeit. A shiny bust dollar from China, pretty much guaranteed fake. How to minimize the fakes, that is the question. And I'm liking the idea of that $5 NGC opinion more & more. Report this Post to the Staff
Erscolo Valued Member United States 425 Posts	Posted 05/15/2020 5:13 pm I have purchased a large number of coins on ebay and other online dealer sites, and thus far not one issue as to authenticity. All of my coins dated 1942 and later are not slabbed, and I did purchase many of the coins from two local coin shops. The vast majority of sellers are legitimate, so why tarnish them with some rotten apples. The cutoff date for ungraded coins is arbitrary on my part, though I do go with the idea of $200 value give or take being the cutoff point to go slabbed. I collect United States coin by year and mint mark and so 1942 as a set seemed a good cutoff point. Edited by Erscolo 05/15/2020 5:14 pm Report this Post to the Staff
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