People Search Exclusively For PCGS Coins On Ebay

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Author	Replies: 7 / Views: 2,090
Stunet Valued Member United States 211 Posts	Posted 07/30/2010 6:50 pm I currently have 15 auctions on ebay and its interesting that the coins with PCGS slabs have far more views then the other coins. Between Sunday and Friday, the regular listings have from 6-51 views. The two listings with PCGS graded coins have 168 and 171 views. I bet the increased listing awareness translates directly into value. Report this Post to the Staff

nickelsearcher Moderator United States 15522 Posts	Posted 07/30/2010 7:25 pm My humble opinion FWIW ...... buyers are more and more afraid of being ripped-off by fake Chinese coins ..... and most buyer have not invested the effort to learn to attribute raw coins as genuine .... let alone grade them. I say that within our lifetime the market for raw coin sales will diminish to a minuscule percentage of total sales ..... with TPG coins dominating. It's a sad prediction ..... but one based on a pragmatic reading of the current confluence of events .... Fakes are flooding the market ..... many are scary good .... Folks are scared to buy raw .... and need the 'confidence' of a TPG ..... and PCGS still has the best reputation as a TPG. I don't see that trend changing in our lifetime ..... David Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
vgasca New Member Switzerland 46 Posts	Posted 07/30/2010 8:16 pm It is true that buying coins with PCGS slabs will help you with the grade of the coin and maybe give you some assurance that the coin is not a copy. However, I think buyers should be aware that the Chinese have been trying to copy the slaps used by known grading services. Just a few days ago I was looking for a Swiss 5Fr 1952 coin in ebay and found one for very cheap and had a PCGS slab. After carefully reviewing the pictures and talking to the seller I was able to find out that the coin was coming from china. I think it is going to be a long time before an actual secure system is developed to ensure that coins are not fake. Conclusion, the buyer should find out if the seller is known and has no history of selling counterfeit coins. In addition, the buyer should talk to the seller just to get some info on the seller. Report this Post to the Staff
spaceace Pillar of the Community United States 797 Posts	Posted 07/30/2010 10:52 pm I am sure lots of people feel more safe if it is graded by a reputable third party, such as PCGS, especially on expensive or rare coins. Although these slabs can be faked also, it is not as common (yet) to fake slab as it is to fake raw coins. Also, PCGS slabbed oins will probably hold or increase their value and command premiums in the long run more than raw coins. Report this Post to the Staff
Waredu Valued Member United States 397 Posts	Posted 07/30/2010 11:27 pm Can't a buyer just check the number on the slab against PCGS' or NGC's website to be sure that it contains what it says it contains? Report this Post to the Staff
okiepb Pillar of the Community United States 1213 Posts	Posted 08/02/2010 11:34 pm Waedu, yes you can do that. Here is the link for NGC: http://www.ngccoin.com/certlookup/index.aspx Here's the PCGS link: http://www.pcgs.com/cert/ Report this Post to the Staff
Secret Argent Man Valued Member United States 320 Posts	Posted 08/03/2010 12:18 am I am inclined to agree with the above poster in that someone who is a novice or intermediate collector, or perhaps is new to a particular series, would likely feel a bit more confident in a slabbed coin than a non-slabbed, esp on ebay where you can't physically handle it. Also there's the old bait-n-switch, where a real coin is depicted & a fake one sent. A slab would dramatically cut that possibility. Additionally I've never had something certified myself but I have briefly looked into the prices and it seems like a person can at times purchase a slabbed coin for less than the cost it would take to have it slabbed yourself--- I'd guess the TPG's give a volume discount? If so then to a casual collector with no discount, if you at all thought you might want to ever have it slabbed there is a disproportionate advantage to buying it preslabbed. If that makes sense. Having said all that, what would prevent the counterfeiter from simply obtaining a real slab and then reproducing it, reusing the same number on all the new slabs? Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 08/03/2010 07:20 am I have to be honest even though I am pretty confident about my coin grading, when I am looking for coins to upgrade my registry sets I usually look for coins that are already graded and look through them for unattributed coins that I can just send in for attribution and have a guarantee it will be an upgrade to the coin I have in that slot now. I am pretty good with grading but it get harder to grade from photo's when its at the level I need to make a upgrade because most of my coins are at least MS-64 now and when you are talking about MS-65 or higher and the money you spend on these grades I would rather know its an upgrade than just guess it is by a photo. I do not over look all the others but I will go with PCGS and NGC coins first since those are the ones that I can add to my registry sets Report this Post to the Staff
	Replies: 7 / Views: 2,090

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