sour taste posted by lanebrad

[CSJournals-migration]

buyer beware

 

Hello collectors

Well I went to a coin show on Saturday. There was about 12 vendors there And they had the what you would expect Mint, proof set coin albums, graded coins of every type . well as most of you know I been working on a grades set of Franklins and my ASE sets and of course anything that may catches my eye graded or not . Anyway I was surprise that I had a lot of the coins that the vendor had ( ex) the 2 coin sets by the mint and proof sets. Well here the rub they had graded coin or so they said in these slabs I have never seen or heard of they looked home made as if maybe I would put a coin in a slab print out a fancy looking label and I slapped a grade of 70 on it I know something about the grading services and the lower grading service that are in business or went out . anyway my deal is to stay with NGC or PCGS just that what I do and if I going to pay for something I want a good quality coin. on another note their mint and proof sets were way too expensive yes I look at them also I think everyone is entiled to making a buck or 2 but not to buy there retirement on a mint set. And yes I familiar with the cost of and what fair I never question the price if it over valued by a few dollars if it something I want. but 30 to 50% is waytoo much They was a good turn out when I was there, but left with nothing and a sour taste in my mouth I guess the old saying is true no matter what we are buying Buyer beware. I have read a few times to buy the coin not the holder but sometimes you just have to listen to the voice and back away if it a 70 grade and your not positive of what exactly it is.

 

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[Mr. Smith Guesser]

what was the name on the slab? just curious

[RichH]

Caveat emptor !!!

 

As you say, cant go wrong if you stay with NGC or PCGS and I might include the old, small ANACS holders.

 

Rich

[Six Mile Rick]

Looks like hanging out around here has taught you when to say no!!

When you look at the coins in the off brand slabs it really makes you wonder why a "DEALER" would even try to sell them as anything but raw.

 

Smart Choice Lane!! (thumbs u

[jpcienkus]

I went to a small show yesterday that was put on by the local coin club. I was surprised that 80% of the inventory was in 2x2's. There were some graded coins by NGC and PCGS, but not many. Some of the people had their basement slabs too, but I won't look at them.

 

I did buy my first CBH in a 2x2 at the show. It's got great color. I need to assess it for the Overton #. The seller and I agreed that it was likely an old cleaning and re-tone. If I had to guess, I'd say it's an XF40 if it would grade.

 

Sorry you had a bad experience. I had fun at this little show. Talking with the sellers and when it came time to buy, they offered the coins at a nice discount.