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Woods020

Member: Seasoned Veteran
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  1. Like
    Woods020 got a reaction from Alex in PA. in Are Authentication and Grading companies "stuck in the mud?"   
    Not to my knowledge. PCGS has added the NFC chip to their slabs to combat counterfeiting, but that’s as tech as it gets that I know of. But your smart phone can scan that chip. Just not track where it’s going haha
  2. Like
    Woods020 reacted to Coinbuf in MERCURY 10C 41/42 Tier selection question   
    Because of the value of this coin you have to send it standard tier at a minimum, and it is very possible that if genuine and it grades as high as the photo suggests (MS65FB) that NGC will adjust the tier to express and charge you the difference, I say that so you are aware of that possibility.
    If this were my coin I would use walkthrough to minimize the time it was out of my control.
  3. Like
    Woods020 reacted to Coinbuf in Are Authentication and Grading companies "stuck in the mud?"   
    TPG's have been continuously evolving and finding new ways to convince both dealers and collectors to submit and resubmit coins.   As long as they continue to move the goal posts and the mint continues to crank out useless modern junk in volume the TPG's will be set for many decades to come.
  4. Like
    Woods020 reacted to The Neophyte Numismatist in Are Authentication and Grading companies "stuck in the mud?"   
    The coin dealer marketplace is behind the rest of the consumer world.  Historically, coins were bought with an in-hand inspection at shows and shops.  There are some dealers that still do not have a strong online distribution model, however, I think the COVID-19 pandemic has shined a spotlight on the need to be able to diversify distribution in the last two years.  As such, I think more dealers will be selling through online models (GC, EBay, other websites, etc.).  When coin sales are being done online, having a third party to authenticate and grade almost becomes a prerequisite to sale.
    I agree with @GoldFinger1969 that many (perhaps most) valuable coins are in holders. But, I also think we have some room here, as many old-school collectors and dealers still have raw coins.  Likewise, some areas (EAC) prefer raw coins.  I think there is still meat on the bone.  I am sure there are many on this forum who have an album of BU Franklin Half Dollars for example - so I take those population numbers with a grain of salt.
    Here is what concerns me about TPG - bullion grading.  I am not knocking anyone who wants to collect graded ASE or GE bullion.  However, every collector should be keenly aware that graded bullion can be very difficult to sell.  I challenge anyone to call a dealer with their MS69 ASE and try to sell it - if you think it's an easy sell, you will soon be educated.  That same dealer would buy raw bullion all day long, so by grading the bullion you are limiting yourself to a collector-to-collector sale (more lucrative, but can be much slower to sell in an emergency).  Bullion is a gateway to numismatics.  If a new collector buys piles of graded bullion and doesn't realize the pitfalls, it puts a black-eye on the value of grading.
    In short, internet sales will ensure that grading is here to stay.  However, grading can be a double-edged sword and every collector should get educated on the value of grading and pitfalls before investing-in (and especially submitting) graded coins (and especially bullion).
  5. Like
    Woods020 reacted to Coinbuf in Are Authentication and Grading companies "stuck in the mud?"   
    This could be said for many collectors as well.    I am constantly nauseated by the things collectors will do when it comes to the coins they say they have in registry sets.
  6. Haha
    Woods020 got a reaction from Crruisercharlie in Are Authentication and Grading companies "stuck in the mud?"   
    It would make me a lot of money 😂 
    $10 for a 3 second glance to say get that road rash coin out of here. 
  7. Like
    Woods020 got a reaction from RonnieR131 in I am buying!   
    I am selling faster than I can replace with any quality, so if you have coins for sale let me know. I try and offer very fair prices, usually above the larger dealers. I only focus on US coinage, and predominately in older (not modern) coins in higher grades. If you have something let me know before you send to auction or go to a dealer. 
  8. Haha
    Woods020 got a reaction from Hoghead515 in Are Authentication and Grading companies "stuck in the mud?"   
    It would make me a lot of money 😂 
    $10 for a 3 second glance to say get that road rash coin out of here. 
  9. Like
    Woods020 got a reaction from GoldFinger1969 in Are Authentication and Grading companies "stuck in the mud?"   
    Maybe it’s because my livelihood doesn’t depend on it, but I would like to believe I would never do this to someone. Sure I may miss grade a raw coin here or there by a grade accidentally, but so many of these guys blatantly lie knowing the truth it sickens me. The more I learn the more I realize how dirty the coin business is. But the good news is that having a basic understanding is plenty of defense. These dealers don’t know much if any, so a basic knowledge base puts you ahead of most of their games. 
     
    Heck I rarely even sell raw coins because I rarely see nice, problem free raw coins any more. I get them here and there, but I’m hyper critical of them if I buy them. That and most people want to argue it down to nothing. Most of the raw coins are problem coins I see. Exceptions are of course present say nice Washington silver quarters or other newer issues. But it always cracks me up to look at say bust halves raw at shows. 
  10. Like
    Woods020 got a reaction from GoldFinger1969 in Are Authentication and Grading companies "stuck in the mud?"   
    As I am venturing into dealing it has opened my eyes to so many things. Some good, some bad. I wanted to learn and I sure am. 
     
    One thing I have come to learn is I wouldn’t trust 75% of the dealers at coin shows. Some are the salt of the earth, but most are crooks. For example this past weekend I was at a show and I sold another dealer several common date Morgans that were details. Cleaned, stained, etc. I treat them as bullion and sell for the silver. I happened to ask this dealer why he wanted them. He said he would crack them out, put them in 2x2s, and “let buyers decide for themselves if it has an issue or not”. Basically he will sell them as raw straight grade coins knowing they are details. If I had known that before he bought them I wouldn’t have sold them to him. I can’t and won’t do that to someone, but so many of these dealers will do whatever it takes to make a buck. As long as that exists collectors either have to have a TPG or learn what they are doing. 
     
    As a side note I have a 12 year old a raw JFK clad proof he needed for his album. It was only a $5 coin on a good day, but to him it was amazing. He and his grandfather stuck around for a while and I started asking him about coins, and telling him the backstory to some of what I had in my case. For example the no cents nickel and why it had to be changed. I told him knowledge was power in every circumstance, but that is especially true in numismatics. So the condition of me giving him that coin for his album was that he would read and study so that he can carry on as a knowledgeable collector. That’s what we need. 
  11. Haha
    Woods020 got a reaction from GoldFinger1969 in Are Authentication and Grading companies "stuck in the mud?"   
    I don’t think they are going anywhere. As rampant as forgeries are, crooked sellers, and new collectors only wanting a passive knowledge of numismatics it’s almost a necessity. You see here in the newbie section the lack of knowledge. And I’m not knocking anyone that was me not that long ago. The difference is most new collectors won’t put the effort in to learn even enough to be able to collect, and the little learning they want to do is from YouTube or marked money or some other total BS. If the standard collector was more informed, and dealers/sellers were held to a standard of honesty & transparency, then TPGs would be in trouble. However as it stands they are the voice of reason and the oversight authority of junk vs valuable. 
     
    I wish I could have a pre-grading company 😂. When I see half of the people think they see or that they say they sent for grading I will bust their bubble for $10. That’s a steal. Tell them it isn’t worth going any further. 
  12. Like
    Woods020 reacted to VKurtB in Are Authentication and Grading companies "stuck in the mud?"   
    And this has been one of my mantras for literally decades.  And that comes from an ANA National Volunteer, too. 
  13. Like
    Woods020 got a reaction from Alex in PA. in Are Authentication and Grading companies "stuck in the mud?"   
    Maybe it’s because my livelihood doesn’t depend on it, but I would like to believe I would never do this to someone. Sure I may miss grade a raw coin here or there by a grade accidentally, but so many of these guys blatantly lie knowing the truth it sickens me. The more I learn the more I realize how dirty the coin business is. But the good news is that having a basic understanding is plenty of defense. These dealers don’t know much if any, so a basic knowledge base puts you ahead of most of their games. 
     
    Heck I rarely even sell raw coins because I rarely see nice, problem free raw coins any more. I get them here and there, but I’m hyper critical of them if I buy them. That and most people want to argue it down to nothing. Most of the raw coins are problem coins I see. Exceptions are of course present say nice Washington silver quarters or other newer issues. But it always cracks me up to look at say bust halves raw at shows. 
  14. Like
    Woods020 got a reaction from Alex in PA. in Are Authentication and Grading companies "stuck in the mud?"   
    As I am venturing into dealing it has opened my eyes to so many things. Some good, some bad. I wanted to learn and I sure am. 
     
    One thing I have come to learn is I wouldn’t trust 75% of the dealers at coin shows. Some are the salt of the earth, but most are crooks. For example this past weekend I was at a show and I sold another dealer several common date Morgans that were details. Cleaned, stained, etc. I treat them as bullion and sell for the silver. I happened to ask this dealer why he wanted them. He said he would crack them out, put them in 2x2s, and “let buyers decide for themselves if it has an issue or not”. Basically he will sell them as raw straight grade coins knowing they are details. If I had known that before he bought them I wouldn’t have sold them to him. I can’t and won’t do that to someone, but so many of these dealers will do whatever it takes to make a buck. As long as that exists collectors either have to have a TPG or learn what they are doing. 
     
    As a side note I have a 12 year old a raw JFK clad proof he needed for his album. It was only a $5 coin on a good day, but to him it was amazing. He and his grandfather stuck around for a while and I started asking him about coins, and telling him the backstory to some of what I had in my case. For example the no cents nickel and why it had to be changed. I told him knowledge was power in every circumstance, but that is especially true in numismatics. So the condition of me giving him that coin for his album was that he would read and study so that he can carry on as a knowledgeable collector. That’s what we need. 
  15. Like
    Woods020 got a reaction from Alex in PA. in Are Authentication and Grading companies "stuck in the mud?"   
    I don’t think they are going anywhere. As rampant as forgeries are, crooked sellers, and new collectors only wanting a passive knowledge of numismatics it’s almost a necessity. You see here in the newbie section the lack of knowledge. And I’m not knocking anyone that was me not that long ago. The difference is most new collectors won’t put the effort in to learn even enough to be able to collect, and the little learning they want to do is from YouTube or marked money or some other total BS. If the standard collector was more informed, and dealers/sellers were held to a standard of honesty & transparency, then TPGs would be in trouble. However as it stands they are the voice of reason and the oversight authority of junk vs valuable. 
     
    I wish I could have a pre-grading company 😂. When I see half of the people think they see or that they say they sent for grading I will bust their bubble for $10. That’s a steal. Tell them it isn’t worth going any further. 
  16. Like
    Woods020 got a reaction from Coinbuf in Are Authentication and Grading companies "stuck in the mud?"   
    Maybe it’s because my livelihood doesn’t depend on it, but I would like to believe I would never do this to someone. Sure I may miss grade a raw coin here or there by a grade accidentally, but so many of these guys blatantly lie knowing the truth it sickens me. The more I learn the more I realize how dirty the coin business is. But the good news is that having a basic understanding is plenty of defense. These dealers don’t know much if any, so a basic knowledge base puts you ahead of most of their games. 
     
    Heck I rarely even sell raw coins because I rarely see nice, problem free raw coins any more. I get them here and there, but I’m hyper critical of them if I buy them. That and most people want to argue it down to nothing. Most of the raw coins are problem coins I see. Exceptions are of course present say nice Washington silver quarters or other newer issues. But it always cracks me up to look at say bust halves raw at shows. 
  17. Like
    Woods020 got a reaction from Coinbuf in Are Authentication and Grading companies "stuck in the mud?"   
    As I am venturing into dealing it has opened my eyes to so many things. Some good, some bad. I wanted to learn and I sure am. 
     
    One thing I have come to learn is I wouldn’t trust 75% of the dealers at coin shows. Some are the salt of the earth, but most are crooks. For example this past weekend I was at a show and I sold another dealer several common date Morgans that were details. Cleaned, stained, etc. I treat them as bullion and sell for the silver. I happened to ask this dealer why he wanted them. He said he would crack them out, put them in 2x2s, and “let buyers decide for themselves if it has an issue or not”. Basically he will sell them as raw straight grade coins knowing they are details. If I had known that before he bought them I wouldn’t have sold them to him. I can’t and won’t do that to someone, but so many of these dealers will do whatever it takes to make a buck. As long as that exists collectors either have to have a TPG or learn what they are doing. 
     
    As a side note I have a 12 year old a raw JFK clad proof he needed for his album. It was only a $5 coin on a good day, but to him it was amazing. He and his grandfather stuck around for a while and I started asking him about coins, and telling him the backstory to some of what I had in my case. For example the no cents nickel and why it had to be changed. I told him knowledge was power in every circumstance, but that is especially true in numismatics. So the condition of me giving him that coin for his album was that he would read and study so that he can carry on as a knowledgeable collector. That’s what we need. 
  18. Like
    Woods020 reacted to The Neophyte Numismatist in Are Authentication and Grading companies "stuck in the mud?"   
    Oh sure... If you want to sell your MS69 ASE for slight under spot (the bullion bid/ask spread), you can certainly to that.  But, I don't know any collector that wants to lose 50%+ on every piece in their collection.  Any newbie that is over-leveraged in this way will certainly get a bad taste, as they bought these graded coins as premium examples (and technically they are), but you get subpar results when it comes time to sell.
    If that same collector went in "eyes wide open" and understood this nuance in collecting ASE, much of the sting is removed die to lack of surprise.  Again, nothing wrong with collecting graded bullion, but knowing this is helpful. 
    Edit note:  I am not talking about a few of the ASE that have a numismatic premium, or if you had a wild rainbow coin, etc.  BUT... those coins will also come with a heavy premium when you buy them.  Any run-of-the-mill graded ASE will run into this problem when selling.   Call a few dealers and check it out.
  19. Like
    Woods020 reacted to JT2 in 1979 Lincoln Cent - COUNTERFEIT OR REAL??   
    was think ing the same thing with electro plating they can do ths just like the restore the ol 71 240Z bumpers
  20. Like
    Woods020 got a reaction from ShinyObjects in For the love of copper   
    A new one I just got in. A variety on a variety is always fun. Pics aren’t great I screen shot them from my website on my phone. 



  21. Like
    Woods020 got a reaction from Hoghead515 in I am buying!   
    I am selling faster than I can replace with any quality, so if you have coins for sale let me know. I try and offer very fair prices, usually above the larger dealers. I only focus on US coinage, and predominately in older (not modern) coins in higher grades. If you have something let me know before you send to auction or go to a dealer. 
  22. Haha
    Woods020 reacted to JKK in 1941 No Mint Mark Wheat Penny   
    Definitely send it in.
  23. Like
    Woods020 got a reaction from JT2 in 1979 Lincoln Cent - COUNTERFEIT OR REAL??   
    It could very well have been nickel plated. A lot of car guys and restoration people commonly use nickel plating. Wouldn’t be hard to image them either texting on a cent or just being bored and threw one in. 
     
    as others have said there would not be a reason to counterfeit this year. Not that I think counterfeiters are intelligent people, but they usually go to the other extreme and knock off rarities. 
     
    I’m not aware of any experimental work being done at this time at the mint, but someone else can confirm. 
     
    That would only leave the possibility of a wrong planchet. Not sure what the mint would be producing at the time but for it to be nickel as you claim it would have had to be a foreign coin I am not aware of that would be the right planchet size and thickness but made of nickel. 
     
    Long story short chances are astronomically higher it’s a simple explanation like it was nickel plated. 
  24. Like
    Woods020 reacted to Oldhoopster in 1979 Lincoln Cent - COUNTERFEIT OR REAL??   
    It's nickel plated.  A 70% Ni 30% Cu XRF compositional analysis is entirely consistent of a nickel plated piece.  XRF can penetrate 100 microns or more below the surface, which is below a typical plating thickness. For example, the thickness of the Cu plating on a Lincoln cent is approx. 8 microns.  So the XRF is primarily reading the Ni plating along with some of the Cu cent underneath
    Sorry to say, but your coin is a regular cent that was plated after it left the mint.  Nothing more
  25. Like
    Woods020 got a reaction from James Zyskowski in 1979 Lincoln Cent - COUNTERFEIT OR REAL??   
    It could very well have been nickel plated. A lot of car guys and restoration people commonly use nickel plating. Wouldn’t be hard to image them either texting on a cent or just being bored and threw one in. 
     
    as others have said there would not be a reason to counterfeit this year. Not that I think counterfeiters are intelligent people, but they usually go to the other extreme and knock off rarities. 
     
    I’m not aware of any experimental work being done at this time at the mint, but someone else can confirm. 
     
    That would only leave the possibility of a wrong planchet. Not sure what the mint would be producing at the time but for it to be nickel as you claim it would have had to be a foreign coin I am not aware of that would be the right planchet size and thickness but made of nickel. 
     
    Long story short chances are astronomically higher it’s a simple explanation like it was nickel plated.