Is there anywhere I can buy a bunch of pre-1900 AU Morgan Dollars ?

That can happen anywhere though really . Some of the vamworld guys are on there even. I Only buy from people that take returns . Even local coin shop's ,there is a chance of getting fakes , so guess not sure what to tell you haha
I have bought alot from Heritage and Great Collections to.

 

Log in or Sign up to hide this ad.

No, it's not RISKLESS but it is not RISKY.

Big difference !

Also, if you buy a counterfeit in an NGC or PCGS holder, they'll make good on it.

 

there are many good sellers on Ebay, it's not too hard to weed out the Bad. if your looking for EF OR AU slabbed most prices are not too far over the full retail price imo. plus take in to account the cost of grading a coin, shipping and seller fees. most of the good sellers are not that far off from book, if you are in a hurry Ebay, if you are taking your time then there are Auctions as others have mentioned, i would do both, Just remember.. buy the coin and not the slab, when shopping on Ebay many times just adding it to your watch list can get you a offer of 5% off or even sometimes 10%, worth a try, just check the sellers ratings, i like sellers who have been on there for years with lots and lots of sales and no bad ratings.

 

I agree. Nice safe way to collect.

 

I like using LCS. They don't always have everything, but eventually what you want comes in. It is good way to build a relationship. Local coin shows are always good, if they are ever allowed to happen again. Good Luck.

 

Not if the holder is a counterfeit NGC or PCGS holder they won’t.

They’ll only make good on it if it’s a fake coin in an authentic PCGS/NGC holder.

 

Right, but you can tell pretty easily if the numbers match on a coin to authenticate it over at the PCGS or NGC website.

And there's always CAC.......

 

The best way to be sure is coins with photos … does this coin match closely the photo because I understand that so counterfeiter(the advanced ones are doing the right coin with the right number ) and yes CAC and the like are extra protection as is buying from a known dealer who likely double checks

 

Ive seen them where even the numbers match.

What they’ll do is look up a real one and then use that number on the fake holder so if you go to the site it will say it’s legitimate.

I understand looking at the photos can help but a lot of times there is no photo for the coin.

For example a lot of my PCGS coins don’t show a photo if I enter their number. It just shows information about the coin.

 

Not all coins have photos on the PCGS/NGC website. I believe you have to pay extra for them to photograph it.

 

Fake slabs are thankfully rare....but if they try and copy a PCGS or NGC type slab, you can see if the font and spacing match on their websites.

 

I just snagged a nice 1880 O Vam 21 ( I think ) AU-58 and a 1880 S MS-65 ( Low 0 ) not sure the vam on Heritage Auction tonight

 

Matching the numbers is pretty much worthless. Pretty much every fake PCGS and NGC slab use genuine numbers, so if you just check the numbers they will "verify" the fake slab. On NGC you can usually also compare the picture to make sure the coin they slabbed is the same as in the slab you are looking at. If the coins match the slab is almost certainly real. Unfortunately on PCGS you will very seldom have pictures you can compare it to. So looking up the number on PCGS doesn't mean much.

 

That's really not true despite how some present it on forums

 

Not really. Coin stores/shows don't accept returns is that a big red flag too?

There's plenty of legitimate reasons to not accept returns and if something is fake then you get to return it anyways

Realistically no seller should be accepting returns on eBay since they make you allow a minimum of 14 days and every return costs the seller money not only from eating the free shipping but also because paypal no longer refunds the fee. Some returns will cost sellers a lot of money on expensive items.

That said most do because eBay will bury your listing if you don't accept them, but to call it a major red flag just isn't accurate

 

With C-19 that is more common, but at least in an LCS you can see the coin beforehand.

With Ebay and the internet, you never know how the coin looks in your hand and/or if it is stock photos instead of the actual coin.

Your reasons for NOT accpeting a return are valid. But I would maybe have some specific reaons for allowing them if I were an honest and legit seller (which most are).

We want to separate the fraudsters from those who simply don't want people returning stuff because they "changed their mind" or whatever.

 

But you can also look at the slabs from both PCGS and NGC besides matching the numbers and make sure it matches, right ?

I recall you used to keep tabs on slabs over the years...I think the TPGs do that on their websites now, right ?

 

Shops and especially shows have traditionally never had return policies where once you walk away it's final.

Of course online buying is a little different, but the fact is a lot of buyers started to use ebay as an approval service. Now that the fees are so high for a return for the seller many legitimate sellers have moved to no returns for even numismatic items when it used to just be bullion.

Realistically eBay and paypl are kinda killing the coin category between the new ebay payments where you can't do coins and paypal keeping the fees a lot of people are leaving it or looking elsewhere even now where they should be passing the moon by now with success. They've always been successful from being such a good idea but ebay always finds a way to trip over it's own feet with such poor management.

That's very easy to do and has nothing to do with returns. Some of the best scammers have the best return policies as they operate on unrealistic huge margins and don't want attention.

 

www.collectorscorner.com

 

If you're just looking for one example of each date, and not too concerned with the mint mark, you're not talking about a major expenditure for most coins. In that case, I think you're pretty safe buying from eBay if the listing has a good picture and if the seller offers a return privilege, even for raw coins. You'll pay a premium if it's in a holder, and it sounds like, for your purpose, you may not need that. For a few dates (1893, 1894, 1895), there is much more risk due to their value, and you should probably only buy certified coins or buy from a known and respected dealer.