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 Replies: 14 / Views: 1,527 |
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Valued Member
United States
121 Posts |
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Pillar of the Community
United States
1431 Posts |
I hate to say it, but you may have got ripped off to the tune of $30-40 altogether.
I can almost guarantee the those coins would not have made that grade if they were slabbed by one of the big three respected grading companies: PCGS, NGC, or ANACS.
The coins may have even been cleaned.
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Pillar of the Community
United States
4989 Posts |
Agree be VERY careful of any coin that is not graded by ANACS, PCGS, or NGC.
These are definitely not MS-66 and could very well be AU-53 to AU-55 grade coins.
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Valued Member
 United States
121 Posts |
arrgghhh.... ah well, lessoned learned. they do have a 3-day money back then which I can take advantage of as they have already been shipped. I wouldnt have minded a "slight" descrepancy but almost $20 a coin is too much for me to stomach.
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Pillar of the Community
United States
1510 Posts |
Quote:they appear in the Red Book as much more valuable in the stated grades but I'm guessing that the Red Book is way off? usually it isn't-- but dealers use the super secret "greysheet" tread lightly with ebay-- I use a local dealer and a trusted internet dealer. good luck bud.  Retired USAF 1983-2003
Edited by Coinstar
03/18/2011 12:17 am
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Valued Member
United States
121 Posts |
as far as buying a coin graded by one of the big 3 grading companies; should I expect to pay a premium over the Red Book listing for , for instance, an MS-64 Morgan dollar listed at $100? |
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Pillar of the Community
United States
4989 Posts |
I took a look at the supersized photos. The 1887 looks like an AU details coin that has been cleaned possibly harshly. I would definitely return that one since it won't be worth much more than melt value.
The 1886 is better probably MS-61 or MS-62. $51 is a bit high but is not outrageous if you like the coin you can keep that one. Numismedia has the value at about $42 in those grades.
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Bedrock of the Community
United States
12437 Posts |
It really depends on what year you are talking about, you can get some years in MS64 for less than $50. The RedBook represents high retail prices under the assumption that the coin is properly graded. The two coins you posted were not even close to being accurately graded and it is almost certain that both of them are not even uncirculated. |
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Pillar of the Community
United States
4989 Posts |
I would not recommend you ever pay a premium over Red Book. Those are high retail values. Exceptions would be coins with a star designation for exceptional eye appeal or any slabbed coin with amazing toning (crescent, rainbow). Those can command a premium. |
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Bedrock of the Community
United States
14454 Posts |
I would definitely send these coins back, those coins would not even grade problem free at a reputable TPG, they both look pretty badly cleaned. Until you know how to grade I would stick with the ones listed above and once you have a few of them to look at to see what they actually should look like in those grades you may be able to venture out into the raw world or even basement slabber world if you feel like taking a chance. This so called Third Party Grader is actually one person just slapping his inventory in a plastic case and putting a pipe dream grade on the label hoping the people that can't grade coins will buy them thinking they are the grade the plastic says. This guy is one of the worst in the basement slabbers on ebay, because every coin I have ever seen in his plastic always looks harshly cleaned and never anything in MS grades and everything labeled MS-66 |
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Pillar of the Community
United States
759 Posts |
And don't beat yourself up too bad for the purchases. Same or similar things have happened to members here before. I've overpaid and returned. Buying coins by pictures is tough. ebay can be tough. Good lesson learned for the cost of shipping. Keep a mental picture of what they do look like for when you see a really nice 66. |
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Valued Member
United States
327 Posts |
I'll help you out here. Never, ever, ever, ever, EVER buy from ANY seller who makes all his feedbacks PRIVATE. You would probably see a stream of "crap coin, but seller made it right with a full refund! Good seller!" or "coin below stated grade. Seller offered 30% refund so I'm happy!"
Welcome to the shark pool, my friend. You'll get the hang of this.
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Pillar of the Community
United States
6326 Posts |
N.A.C. = Not Accurate or Correct ......  I've never waded into those shark infested waters of ebay before.....don't wanna either ! I can't afford the "learning curve" time......
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Valued Member
United States
277 Posts |
sorry to say, but I agree with the majority. get your money back
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Bedrock of the Community
United States
20753 Posts |
Hopefully you can get your money back but I don't think you'll get the $4.99 postage per coin back. And you should check if he has a restocking fee. Many dealers make a lot of money on just that since they get lots of coins back. Quote:as far as buying a coin graded by one of the big 3 grading companies; should I expect to pay a premium over the Red Book listing for , for instance, an MS-64 Morgan dollar listed at $100? Although I think it is a bunch of just nothing, yet you'ld be amazed at how many times dealers at coin shows say "Of course it cost a lot, it's in a PCGS holder". Same with NGC. No where as much with most of the others though. |
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Replies: 14 / Views: 1,527 |
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Posted 03/17/2011 11:39 pm
