| In this auction, you are getting 5 coins precision graded for only $49. My normal fee for personally "precision grading" a coin is $15, plus shipping costs both ways.
Interesting, that the seller isn't using thr BUY-IT-NOW feature, The auction sold fore more...
Also I cannot figure out the reason for the $9.95 shipping fee???
He's most likely mailing the winner a coupon!
Interesting, that there were 3 different bidders on the auction.
Nextly,
WARNING: WE REPORT "OVERGRADED" COINS
If you own PCGS, NGC and ANACS graded coins, you have a better chance of owning accurately graded coins than coins certified by other grading services. In fact, the odds are very much in your favor that the coins you own are within a "half-grade" of the official numerical grade printed on the label. Whereas, if you have bought non-PCGS, NGC and ANACS coins, you may be in for a surprise if you submit them to us for precision grading. It is possible that I will tell you (and print on my PCGA grading certificate, which includes my personal signature) that a coin you bought as MS63 to MS67 is, in my professional opinion, actually an AU (About Unc), or worse. So if you own "bargain priced" certified coins, and you'd like to believe that they're exactly what it says on the holder, I'm probably not the guy to send them to. Back in the 1970's I published a quarterly report called "Numismatics And The Law," (written by myself and a law professor) in which I named rare coin dealers who were blatantly overgrading coins and ripping people off. A few of them sued me, but most backed off, and I never lost a lawsuit. At age 59, I'm really not in the mood for lawsuits. However, by the same token, I'm still not afraid to express my honest opinion of what a coin really is so collectors and investors can make educated decisions. To be honest, you're better off finding out the truth sooner rather than later. The more time you have to correct your mistakes, the better off you will be 10 or 20 years down the road.
I suppose that he's saying that he REPORTS overgraded coins to YOU the submitter not the grading company.
But part of this statement doesn't make sense since you already have the graded encapsulated coins I am not sure what he means by
express my honest opinion of what a coin really is so collectors and investors can make educated decisions.
So he tells you the coin is OVERGRADED! How many collectors and investors are going to send the coin back to the original grading company because of this Fourth Party Grading service's opinion?
They simply look at coins, hopefully slowly and carefully, like I do.
I may spend a few minutes carefully examining a single coin, or I may spend a half hour.
I remind you, that he is examining the coin THROUGH THE HOLDER not actually viewing the coin in hand so how accurate is this grading? Some holders may be scratched or stained over the years.
Oh well, again it's buyer beware!
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