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 Replies: 26 / Views: 8,721 |
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Valued Member
United States
307 Posts |
I recently saw Mint boxes with coa's for sale on ebay. The seller said that they were from coins that he had graded and slabbed. They interested me because I have rolled coins that I could separate and use the boxes to increase there value. Is this legal? I don't want to keep looking back over my shoulder. Thanks for a response. |
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Pillar of the Community
United States
4846 Posts |
im not sure what your asking but if your saying using the mint packaging to make your coins look like a real proof/mint sets and then sell them as real then heck yeah its illegal
Edited by Adam_E
10/05/2010 9:36 pm
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Pillar of the Community
United States
672 Posts |
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Valued Member
 United States
307 Posts |
What I am asking is: If the original coin is removed from the U.S. Mint packing can a similar proof or ms coin be put in that packing and sold with the coa. I was told that the box could be used but not the coa. Please advise. Thanks
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Pillar of the Community
United States
4846 Posts |
i dont think anything can be used. I would consider that fraud. you have to say that the coin was replaced
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Pillar of the Community
United States
1554 Posts |
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Bedrock of the Community
United States
10982 Posts |
I'd say it depends. Are you putting a genuine U.S. mint coin of the same type and condition in it? If you are then it's okay. Those boxes and COAs for sale often end up with "replacement" coins in them for sale.
People buy raw and slabbed coins that are missing the OGP (original government packaging) and buy these to add value. That's okay. Taking circulated coins and doing that is not.
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Valued Member
United States
307 Posts |
Thanks again for the info. I will act accordingly. My son said that since the Mint does not sell the boxes with the coa without the coin it should not be done. In researching this question I was informed that only the original coin shipped with the coa is permissible by the Mint. Any other use of said packing is not legal by federal statue. What seems OK to me is often motivated by my desire to make a profit.
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Valued Member
United States
380 Posts |
Now hold on just a minute... So long as you replace it with the exact same kind of coin back in its place... ie.. you send a proof 1996 ASE for grading and put a proof 1996 ASE back in its place, that is fine. This is done all the time with CC GSA Morgan dollars. Someone would take one out of the box and crack it out for grading, then put a different GSA dollar in its place. The packaging was the same, there was a REAL CC GSA dollar put in the box, and it adds a couple dollars extra value having the box. (for the GSA morgans anyway... I dont know what it adds to newer coinage) So long as it is replaced with what the COA says... if its a year/proof or year/ms make sure you put in exactly what came out and that is fine. IMO So long as the buyer gets exactly what they are supposed to, you are not trying to rip anyone. But if you were to replace a Proof with an Uncirculated/MS, that would be a problem. But replace a proof with a proof (same year of course) there is no problem with that. It is not illegal. |
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Bedrock of the Community
United States
12437 Posts |
Quote:
since the Mint does not sell the boxes with the coa without the coin it should not be done Simple- because the Mint is in the coin business, not the packaging business  I see no problem matching a coin with the correct OGP for that specific type/year/mint. As remmy pointed out, this is done quite a bit with the CC GSA Morgans. That OGP is getting harder to find since so many coins have been cracked and submitted for grading, the boxes and COAs were just thrown away in many cases. |
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Moderator
 United States
188213 Posts |
More often than not, the OGP and CoA mean nothing to me. I only have four mint products that are intact: three Prestige Proof Sets (gifts from my mother) and the 2009 Lincoln Coin and Chronicles set. Everything else has been cracked out and put into albums, although I will admit that I did keep all of the packaging.  |
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Valued Member
United States
307 Posts |
I agree with all these assessments. My interest is primarily newer commemorative. I wanted to replace the coins that had been graded with other coins of the same MS or Proof thus increasing there sale ability and value. The problem is that the coa is issued by the Mint for that mintage and they put into the box with the coin. The deception comes when you not the Mint says's the coin is as minted using their coa. I thought I could use the coa with any mint produced coin but that is not the case. Very moot subject I will put to sleep and enjoy life. Thanks again.
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Moderator
United States
188213 Posts |
In my opinion, it never hurts to ask a question. I am glad we could help.
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Moderator
United States
23522 Posts |
Quote:This is done all the time with CC GSA Morgan dollars. Someone would take one out of the box and crack it out for grading, then put a different GSA dollar in its place. The packaging was the same, there was a REAL CC GSA dollar put in the box, and it adds a couple dollars extra value having the box. (for the GSA morgans anyway... I dont know what it adds to newer coinage) Since we're just arguing morality....  I disagree with the morality of this practice. In the case of the GSA sales, I feel there is provenance in the fact of these coins having been sold from Treasury stock, in a specific scheduled venue. It's more than just replacing Mint coins from a Mint set. |
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Pillar of the Community
Canada
9159 Posts |
Ok I looked in the glossary for 'coa' and found nothing can some please tell me what it stands for. Thanks
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Valued Member
United States
380 Posts |
Certificate of Authenticity
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Replies: 26 / Views: 8,721 |
Posted 10/05/2010 9:54 pm
