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<p>[QUOTE="Owle, post: 1417085, member: 22004"]I went to one of my first and favorite coin shows today that has been in operation since 1960. Plenty of good dealers and coins on the bourse floor. But also a number of numismatic traps. You walk the floor of a coin show and there are inevitably coins that upon first inspection look fine, like you would do well buying the coin, getting it certified and then selling at a tidy profit.</p><p><br /></p><p>Some examples today: a great looking proof Barber dime that is otherwise PR63/64 but on closer inspection turns out to have a slight hairline scratch. Dealer says it is probably in the die, but when shown to a former NGC and PCGS grader, who says they might grade it PR61 on a really good day because it is a staple scratch, the dealer admits his mistake. </p><p><br /></p><p>A $10 Liberty in an MS63 ANACS holder that looks mark free and a lock MS64 plus. Upon presentation for the former grader for inspection, he is quite clear something has been done to alter the surfaces, not dipped per se, but altered. </p><p><br /></p><p>There are many uncertified coin traps out there that are in dealers cases waiting for the unsuspecting. Will they grade? That is the big question. As has been said numerous times before, there is no free lunch in this hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1417085, member: 22004"]I went to one of my first and favorite coin shows today that has been in operation since 1960. Plenty of good dealers and coins on the bourse floor. But also a number of numismatic traps. You walk the floor of a coin show and there are inevitably coins that upon first inspection look fine, like you would do well buying the coin, getting it certified and then selling at a tidy profit. Some examples today: a great looking proof Barber dime that is otherwise PR63/64 but on closer inspection turns out to have a slight hairline scratch. Dealer says it is probably in the die, but when shown to a former NGC and PCGS grader, who says they might grade it PR61 on a really good day because it is a staple scratch, the dealer admits his mistake. A $10 Liberty in an MS63 ANACS holder that looks mark free and a lock MS64 plus. Upon presentation for the former grader for inspection, he is quite clear something has been done to alter the surfaces, not dipped per se, but altered. There are many uncertified coin traps out there that are in dealers cases waiting for the unsuspecting. Will they grade? That is the big question. As has been said numerous times before, there is no free lunch in this hobby.[/QUOTE]
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