Yes, they are. And not in the good way. If you are looking to buy a coin in a slab, and you are starting out collecting, you should stick to these grading companies: PCGS, NGC, and ANACS. Those IMO are the top three, but even they make mistakes sometimes. So I would suggest possibly learning to grade coins for yourself before you buy coins that are slabbed, or even coins that aren't slabbed. Trust me, learning to grade coins can save you a lot of money, and actually make you some money too. What coin did you see in a GEC slab? Phoenix
I didn't think so. I saw an auction for a MS 67 1924 Peace dollar - buy it now $45. It books in the thousands in that high grade. I'm still considering it though, as it is still an attractive MS coin.
Yeah, that kind of gives it away right there. Could you post the auction link so we can see it? Wondering how overgraded this one is. But also still be careful in buying it. Might even turn out to be an AU coin. That tells you a lot right there. But to each his own, and if you like the coin, then I'd say go for it. :thumb: Phoenix
I am pretty sure - 1924 - link - is what he is talking about. FYI; There is also a - 1924 PCGS MS64 - BIN for $47. My guess is that that is a better buy.
Hey, thanks rlm. BTW, your other link leads back to the MS 67. Or what is overgraded at that. MrDSmith, just by what I could see by the coin, I blew it up and there are a lot of contact marks on it. Could be wrong, and this is only my opinion, I would say it is a 62. But still a nice coin, and if you like it and want it, I would say it is a good buy. :thumb: Phoenix
http://www.coinbay.biz/index.php?a=2&b=38934 This is the link. I checked the other link though. Same coin, or just coincidence?
I wouldn't touch GEC with a ten foot pole no matter what. If you visit their website it is a lesson in disclaimers - that is more than enough reason to stay away. They seem to be SGS wannabees.
