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I N B Grading Service Discussions

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jfeed's Avatar
United States
1260 Posts
 Posted 09/21/2022  1:18 pm Show Profile   Bookmark this topic Add jfeed to your friends list Get a Link to this Message Number of Subscribers
I see where the INB grading service issue has been covered a couple of times by Community Coin, but I wondered if you could advise me if there has ever been a situation where replica coins where actually
incased along with the phoney certification? Thanks
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jfeed's Avatar
United States
1260 Posts
 Posted 09/21/2022  9:08 pm  Show Profile   Bookmark this reply Add jfeed to your friends list Get a Link to this Reply
Perhaps I need to clarify my post. I messed up and listed a INB graded coin on ebay not knowing about the issues with this grading service. The coin was part of a large collection from my dad. ebay kind of jumped on me and suggested that I was selling fake "replica" coins and pulled the listing. There is very little doubt that the coin is the real thing and that's why I ask Coin Community for advice. Thank you.
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jbuck's Avatar
United States
188342 Posts
 Posted 09/22/2022  10:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It may be possible INB messed up or that the coin and slab are both fake. However, I do not think the possibilities will help you as you want to know why your particular coin was pulled. It might be more helpful if you showed us the coin in question. Once identified, we can move this topic to the correct forum for proper assessment.
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BadThad's Avatar
United States
19949 Posts
 Posted 09/22/2022  11:02 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Highly likely, INB was just some guy in a basement as I recall.
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Sap's Avatar
Australia
16827 Posts
 Posted 09/23/2022  12:18 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
It's entirely possible that a "basement slabbing company" would slab a fake coin, either accidentally or deliberately. There can certainly be no guarantee the coin is genuine. And you'd kind of need to bust the coin out of the slab in order to test it properly for authenticity.

ebay isn't punishing you for trying to sell a fake coin; it's punishing you for trying to sell a "fake slab". A slab is supposed to convey some aura of legitimacy, and basement slabs do not deserve that legitimacy.

As a result, ebay has not outright banned the sale of basement-slabbed coins, but they have put strict rules in place that apply only to coins.They include that you cannot mention the Sheldon-scale grade the basement slabber has given it (for example, "MS-65"), or use then name of the basement slabber "INB" anywhere in the item description - you need to treat it as if it were a "raw" unslabbed coin, and give only an opinion of an adjectival grade (for example, "Very Fine").

It is, of course, a trap for those who are not regular coin buyers or sellers, and thus may not be aware of these policies. Sorry about that. But, now you know.
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BStrauss3's Avatar
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4591 Posts
 Posted 09/28/2022  6:27 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
The cases aren't sealed. It's possible they were dropped and put back incorrectly. That's about the nicest scenario I can come up with.
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jfeed's Avatar
United States
1260 Posts
 Posted 09/30/2022  10:30 pm  Show Profile   Bookmark this reply Add jfeed to your friends list Get a Link to this Reply
Thanks to all who replied. I was totally caught off guard when ebay contacted me about the listing. I was not at all aware of the questionable practices of INB. I have had the slab for at least 20 years and it was the first coin listed on ebay. I have a lot of various coins and thought ebay was "the way to go". To be honest, I was a bit ticked off when they contacted me to advise that I was selling a "replica coin" and the listing was being pulled. I really appreciate the advice from CCF.
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