Fun Show Dealers Displaying Basement Slab Coins?!!?

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Author	Replies: 4 / Views: 1,544
Adam_E Pillar of the Community United States 4846 Posts	Posted 01/23/2011 08:23 am I'm a little late on posting this, but while I was at the fun show, someones "prized coin" was an SGS PR-70 1982 Washington Wat up wit dat?(i feel like I'm on SNL, now!) my sister also got a Franklin pierce 2010-S dollar coin in MMNS(Michigan masters numismatic service) PR-69. if it were Proof 69, then it would be a $22 dollar coin, why give it away?!?! I would expect something like I got, a set of 6 cents, a 1993 zinc, a 1982 copper, a 1967 copper, a 50's wheat, a reprocessed steel, and a cleaned AG Indian. I've seen a couple of other basement slabs there, I just listed the two. well, at lest I'm smart enough to not buy them, LOL Report this Post to the Staff

tumbleweedtrumpet Pillar of the Community United States 1418 Posts	Posted 01/23/2011 08:47 am People will try to sell anything. Report this Post to the Staff
upstate Pillar of the Community United States 3278 Posts	Posted 01/23/2011 10:40 am Grading companies are bad enough, but the "basement" variety don't seem to show a shred of credibility. Report this Post to the Staff
wheatguy Pillar of the Community United States 1534 Posts	Posted 01/23/2011 11:02 am There's nothing wrong with buying basement slabbed coins as long as you're grading and pricing the coin yourself and not placing any value or trust in what the company graded it. Report this Post to the Staff
Scooby Due Pillar of the Community United States 4000 Posts	Posted 01/23/2011 12:26 pm The dealers may have also bought the coins that way and figured it was easier for protection. Let someone else crack it out run the risk of damaging it. Report this Post to the Staff
	Replies: 4 / Views: 1,544

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