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Jeffrey W. Ebner
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Posts posted by Jeffrey W. Ebner
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On 8/16/2021 at 1:41 PM, JT2 said:
So this happened to me as well back about 10 to 15 years ago when i bought a few Indians from a dealer in Coins magazine. they were the first Inian cents i ever purchased that were advertized as Gem Unc. before then it was just the whitman folders and filling the holes. I sent them off to NGC back in the day and when i got them back i was like WT@#~%% everyone of them wer ungradeable Altered color. Well live and learn. then find a dealer that will putupu with a million questions about the series you will have it made.. jut my expirence from the jungle.
I feel for ya...I had to learn the same lesson....I will lean much harder on graded coins to play it safe....
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I just purchased some very expensive half cent and Indian Head pennies in exceptional condition from a very reptile coin auction site. After my purchase it was recommend to me to get them graded to add value to coins. The coin dealer did not inform me that if there was altered color or cleaning that they would not grade the coin beyond a AU....which there were obviously in MS condition very rare for a 1819, 1828 and 1877 Penny....Also, I spent a lot of hard earned money getting them graded and making my purchase only to find out they really were not going to be graded because the highest grade a cleaned or altered Color Coin can be assigned is AU....Changeing the color does not remove or ware a coin down....I wish the expert at the coin store would have told me not to get them graded and just add it up to getting life and coin experience. Does any expert have any advice of where to go from here or where I might sell them to recoup my purchase price of the coins. Also, I am contacting the auction site to inform of there misleading representation of the coins and see if it's possible for a refund.....Best Regards, JWE
Altered colored Indian Head Cents
in Ask NGC/NCS
Posted
Thanks for the Input....Hay were all here because we love coins....I will lean towards pre graded purchases in the future...On the other hand, I was able to get a Few 2021 Morgans O and D and 2021 Peace dollar....Do you think they are worth Grading????....I am sure they will come back MS69 OR MS70....I have seen value ranges from $350.oo to $1000.oo dollars