Buying raw coins sight unseen online

AOL dialup? Those were the days my friend, I thought they'd never end.

 

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Pssst.... here's a deal for you just waiting....Morgan Dollars 1878-1893 CC Lot of 5 Uncirculated Mixed Dates AU/BU Coins-

US $90.21

https://www.ebay.com/itm/3657480269...vfQtiupa8+QvFJduU5OA==|tkp:BFBM8JOv9aVm&pfm=1

 

Oh man! I love that Gif of Ray! So funny.

 

I think I actually got invited to be a beta-test user, probably because of some stuff I did with Apple circa 1986-88. I never responded, and never especially regretted passing up the opportunity.

 

Double hard pass on those fakes. Selling under melt? Seller has a 67% rating, and all negatives are on fake Morgans. I'm laughing too...

 

I agree with you 100%. I bought several raw coins from a dealer who pictures his inventory on his website, and they almost all came back from PCGS with either the same or a higher grade than I paid for.

 

Yes, I spoke to the dealer who at first questioned the accuracy of PCGSs grading. Later, he told me that his customers just put the coins he sends them into albums and don't get them certified. Of course, he said that I should have returned it. No mention of buying it back.

 

sounds like a recipe to get robbed..lol

 

Here is an Ebay that offers a picture for a 1973 uncirculated Ike and it is a proof (S mint mark) --1973 Ike $1 Eisenhower Dollar - Uncirculated | eBay

And this beaut that is a 1978 Ike. There are so many clowns selling on all these sites.
1978 Ike Eisenhower Dollar PCGS MS66 Mint State 66 #58600190 | eBay

 

Bad bussiness practice on both sides. I'm very sorry to hear this story. We all make mistakes. As long that you don't too many and you don't repeat them, it's a lesson learned.

 

Funny, I have a Sheridan half dime story that fits this thread too (albeit not raw coins). In May 2023, a good buddy called me and said "Sheridan has a Capped Bust half dime that you NEED." It was an 1832 LM-9.2, an R7 remarriage, in solid VF. It was (and remains) the most I've ever paid for a coin. Sheridan had some others in this lot that he offered to me. One was an 1833 LM-8 R3 (which I'd had a hard time finding a decent copy of), and the other was an 1832 "LM-10" - but which one of the four remarriages was unknown. (All four, LM-10.1 thru 10.4, are from "tough" to "super tough.")

He was packing for a big show and didn't have time to produce and send a bunch of pictures, but assured me he'd accept returns on anything I wasn't happy with so I pulled the trigger on all three.

Fast forward, the 1832 LM-9.2 was graded by PCGS as VF30 and went on to get a CAC sticker. The 1832 LM-10.x turned out to be 10.3 and turned out to be a "keeper" of an upgrade over the NGC 53 that I'd only found a few months prior. The 10.3, TrueView here, was a bit softly struck but has great eye appeal. A worthwhile gamble, especially with a trusted dealer who offers returns!

 

Some of you have asked for pictures, so here they are.