Nope. There is no official or legal definition of MS-70 and every company grades to their own standards. So if INB says it is a MS-70 then it is a MS-70, an INB MS-70 but still a 70. Doesn't matter what anyone else calls it. Now if they made the claim that it would meet PCGS MS-70 standards then you might have a valid claim but they won't do that. AS long as they grade it to their own standards there is no fraud.
eBay sellers are not allowed to mention and/or show the grade in the listing if it’s a non-approved slab/company: https://www.ebay.com/help/policies/prohibited-restricted-items/stamps-currency-coins-policy?id=4337 “A coin graded by a non-approved grading company can be listed, but the numeric grade can't be included in the title, description, or item specifics. You can't include an image of the coin in its graded holder if that image shows a grade that is not completely obscured and unreadable on the photo.”
And by your logic it seems you're a precious little flower unimpeded by the strappings of personal responsibility as well as accountability. Seriously, who the hell are you to publicly announce this seller's name and accuse him of being a fraud and/or embracing fraudulent practices, no less over a one dollar coin YOU didn't understand? Do you know this guy personally and why he sells? Has it crossed your mind that maybe he does so to help support his family or to put food on the table? What may be a clearly very new hobby for you, sir, isn't the same for everyone and you'd be wise to understand this. Openly accusing this guy of being a fraud for no other reason than your petty selfishness is infinitely worse than listing a coin in a junk slab knowing full well that only a fool would place any weight into the nonsense grade. Ironically, you may have done more to harm your reputation here than you have to damage him, or at least one can only hope. Oh, and contrary to your claim, the seller didn't represent the coin as being anything other than what it is... https://www.ebay.ie/itm/1993D-Washington-Quarter/392021209023?hash=item5b4648efbf:g:~ZwAAOSwhjRaunR5 You, sir, are a fine example of why many very good sellers no longer bother with eBay, and is particularly true with those willing to sell the lower-dollar or entrance-level coins most dealers avoid. Bravo.
I guess your moral compass is different than mine, so that makes you right and me wrong. So be it. He is clearly breaking eBay's seller rules of showing an unapproved slab with the grade of the coin, but that's okay with you.
To be fair, the seller didn’t mention MS70 anywhere in the description and I can’t read what the label says. So he basically sold a raw coin (in a noname holder).
Nice attempted deflection, but this has nothing to do with a "moral compass" and has everything to do with expectations as well as personal accountability. That said, let's be honest here, shall we? First, let's also revisit... With the understanding your little faux paux regarding the "fake" slab has already been addressed, you seem very bothered by the claimed grade, so could it be that we have yet another example of a newbie thinking he can buy basement junk believing the coin within somewhat on par with top plastic, and reap the rewards from doing so? Do notice how you've said nothing detailed about the coin inside and have only focused on the claimed "grade". There's usually a very good reason for this. Even if not the case, the only arguable fraud here comes from you, sir, and can be evidenced by your own posts. You didn't know what you were buying and now want to place all blame on the seller for YOUR own mistake instead of wisely accepting this as an insanely cheap learning experience. You couldn't care less about potentially damaging this man's little business and for no other reason that refusing to accept blame and shoulder responsibility for what was you, you, and only you. The greater point and should-be lesson here is that regardless of whatever eBay policy designed to protect fools from themselves is used as an excuse, the seller offered an obvious widget in a perfectly reasonable manner. In NO WAY did he misrepresent the coin and even if not familiar with INB, simply typing seven letters into google would have immediately enlightened you as to exactly what INB is and means (see below). If you wish to be successful in your collecting endeavors, you would be wise to accept the FACT that the onus is on you and only you to know/understand what you're buying. Ridiculously blaming others for your poor or regretted choices, or trying to publicly damage someone's reputation over a whopping dollar as you've done here will only cause others to avoid you. I promise that if your eBay username was posted to this thread, you would be blocked by at least a handful of sellers because of it. Please consider this food for thought.
How do they react to a strong magnet? My Dad bought a few from a guy in Canada and they came in china post, I told him to contact the seller and send them back for a refund, the seller refunded his money and said keep them. You should do the same. Both fakes did not React to the strong magnet like a real morgan will. Weight was close but the Dia and thickness was off also read different on the metal detector.
I tr I truly apologize for offending anyone with my post. I'm new to CT and didn't realize that the older, much more experienced posters never make a posting mistake and are always right. Lesson learned. Thank you for the schooling
Thank you for your post. It is not a fake and as I've previously stated, on a whim I was the first bidder on many 0.99 items and carelessly didn't study the coins, assuming I'd be out bid and could make a better, educated decision on whether to increase my bid. It so happens that I ended up being the only bid for two of the items. I can only blame myself for being so quick on the bid.