How to spot Spark Erosion counterfiets PCGS Article

Discussion in 'US Coins Forum' started by Jess, Oct 11, 2002.

  1. Jess

    Jess Senior Member

    I had heard of spark erosion before but never used in this area. Just be aware and carefull, articl is below:

    http://www.pcgs.com/articles/article2630.chtml
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Bullionbound

    Bullionbound New Member

    I'll tell you, with stories like this, coupled with cleaning, whizzing, etc, it is enough to scare most casual coin collectors out of the hobby. It really is a shame that you have to become an expert in order to protect yourself. There are some great coin value resources out there, but unless you are a proficient grader, you really are at the mercy of the person suggesting the quality. I have read posts on other boards that say if you bought a raw coin and got the raw end of the deal, it is your own fault for not being what amounts to be a professional grader. This gives the impression that many coin dealers are looking for the unsuspecting person to unload their junk.

    Since I am not afforded the time to become an expert numatist (?), I have started to look exclusively at PCGS/NGC slabbed coins. They might not be perfect in grading, but they certainly do a better job than myself. It is like paying extra for insurance when shipping a package. Not to mention it is easier for me to sell on ebay if I start to change interests. I have passed up several beautiful looking raw coins that seemed to be good deals, but this is exactly what you become suspicious of. A good value on a PCGS slabbed coin is a much safer bet to the average person if you ask me. It is unfortunate that the coin hobby is so tainted.

    This is just the thoughts of a new member in coin collecting.
     
  4. Jess

    Jess Senior Member

    Good thoughts for all of us. I have been collecting, trading, and selling for 30 years and what I percieve as an XF maybe an AU to the owner and or vice versa. I prefer to buy in person and have found out if a dealers first price is his only price with no consensus I find another dealer I left a post earlier about the Collectorama in Lakeland Fl this weekend. I bought 3 high grade Ikes from one dealer at $1.65 each excellent price for full BU's,but at another dealer he wanted 2 bucks for F to XF Ikes same year I passed and he lost a sale. I will say this the dealer who sold me the 2 BU 72's for a 1.65 each didn't do his Ike homework.
     
  5. Chrysta Wilson

    Chrysta Wilson New Member

    Ah, a silver lining. I can't afford the kind of stuff that would be worth this much trouble! :)
     
Draft saved Draft deleted

Share This Page