Ok, so I chase silver under spot (mostly online auctions), no matter where, when, or composition %, the coin/bar/whatever was created. With the massive ramp up in the recent silver prices, people are bidding the known (U.S., Canada, etc.) coins up through the roof. As such, I've found that Numista.com is my friend and I bid on all sorts of coins from all around the world on auction sites. Here's a cool looking coin I recently picked up. It is slabbed, so the pictures don't do it justice, but it is beautiful. I'll add my questions in the next post....
Ok, so I won this from Central Florida Coin Auctions. I don't know much about them as a company, but they seem to have tons of auctions, and a wide variety of domestic and foreign coins from all sorts of eras. But... most of the coins are slabbed from the N.N.C. Now, I'm not concerned about the grading whatsoever as I'm paying for the bullion (if it is in fact 'silver'), but the coin is cool enough to me that even if fake, I can live with it and consider it a learning experience. So... 1. Does anyone know anything about the House or the Grader? 2. Are they legit? They have such a wide variety of coins that I find it hard to believe they're mass producing counterfeits of obscure coins 3. They have so many auctions and a seemingly endless supply of coins, almost all slabbed from the same place, how is it possible (self slabbing)? So, hopefully, I can be educated a bit here.
Just my opinion only. This grading company has come up before on CoinTalk. Like you mentioned, treat it as a raw coin and you should be fine. As long as you aren't buying a rare coin from them I wouldn't be too concerned. That coin doesn't have enough demand to be counterfeited.
NNC isn't known for having fakes, but they are known for selling cleaned coins, mis-identifying coins, and over-grading coins. I'm quite sure your coin would not get a 70 at top-tier grading house. However, like you mentioned, if you're just buying it because it looks cool and it's silver, I'm sure you are fine.