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Old 04-12-2004, 12:03 PM   #15 (permalink)
National dealer
Numismatist
 
Join Date: Dec 2003
Posts: 3,387
Quote:
Originally Posted by williamtipton
Not to be argumentative in the least, plaese dont take it that way..............but in the experience I had as stated in my previous post I bought 10 coins.............9 of them were horribly over-graded....

Like i said, im not a coin collector, i am a Book and Comic collector, so i do understand the even the slightest of imperfections afects the grade of an item.

If 1 or 2 coins out of 10 slipped, and recieved a slightly higher grade than it deserved, I could see that...........but 9 out of 10 being highly overgraded 1 or even 2 levels higher ..........I think thats not error in judgement........i think thats purposeful deception.


They way these folks have described this person on Ebay wouldnt surprise me in the least.


Well the majority of people selling on Ebay are not dealers. They are there selling whatever they can. There are many third grading services out there. Not all are good. There are a handful that consistently overgrade coins. Unfortunately, most collectors realize this after the fact. They rush into buying coins, when they should be buying books. If you take a stroll through the coins available on these auction sites, you will see that the majority of these coins are from lower grading services. The sellers are preying on the people who think that they can get good deals. They see some grading services' MS-65 coins selling for way below retail and think they are going to get rich quick. Then after purchasing these coins, they find that the four major services won't even grade the coin because it was cleaned or whizzed, or altered in some way, and now they own a coin that they will basically have to give away at a substantial loss.
Like any collectible market, knowledge is what separates most people.

That is one reason that I joined this forum in particular. The people here are truly attempting to pass along useful information. Not for fame or fortune, but for the simple pleasure of helping others learn about this wonderful hobby.

Last edited by National dealer; 04-12-2004 at 12:09 PM.
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