Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
greatcollections.com
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 7958815, member: 101855"]The legitimate auctions houses back their coins with a guarantee of authenticity. Many years ago, I bought a raw "1798 dime" from a dealer. He had bought the piece in an auction that was run by Dave Bowers. I sold the piece to client who sent it to ANACS. It came back fake. </p><p><br /></p><p>I had to spend about 10 minutes with the piece before I could see what was wrong with it. It only graded Fine-VF, but it was a darn good fake. </p><p><br /></p><p>I returned it to the dealer from whom I had purchased it. He refunded my money. He went to Bowers and got a full refund despite the fact the auction had been over for almost a year. I can't speak for other auction houses, but Bowers stood behind his "forever guarantee." </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Chances are very slim that you will end up with a fake coin if it is in a PCGS or NGC holder. I know that some fake coins in those holders have been posted here, but those instances are very rare. </p><p><br /></p><p>I would stay away from most problem coins that in "details" holders. Pieces like that provide the best chance for a counterfeiter to get their product certified because they have opportunities to alter the fake to make it look real. Many of the fake coins in genuine holders got in there because they were altered. </p><p><br /></p><p><br /></p><p><br /></p><p>At best The Red Book can only give you relative prices. For example an 1877 Indian Cent sells for more than other dates. </p><p><br /></p><p>One of the best places to look for prices is PCGS Coin Facts, which is on-line. They have auction results for every major U.S. coin from over a period of years. If you are into really inexpensive stuff, you can subscribe to "Coin World." They issue a monthly magazine that provides retail prices. </p><p><br /></p><p>"The Coin Dealer Newsletter" is expensive, and some people say it's inaccurate. I can't speak to that because I've not been very active in the U.S. coin market for a while. </p><p><br /></p><p>And yes, I am close to your age, and I have been collecting or dealing for over 60 years.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7958815, member: 101855"]The legitimate auctions houses back their coins with a guarantee of authenticity. Many years ago, I bought a raw "1798 dime" from a dealer. He had bought the piece in an auction that was run by Dave Bowers. I sold the piece to client who sent it to ANACS. It came back fake. I had to spend about 10 minutes with the piece before I could see what was wrong with it. It only graded Fine-VF, but it was a darn good fake. I returned it to the dealer from whom I had purchased it. He refunded my money. He went to Bowers and got a full refund despite the fact the auction had been over for almost a year. I can't speak for other auction houses, but Bowers stood behind his "forever guarantee." Chances are very slim that you will end up with a fake coin if it is in a PCGS or NGC holder. I know that some fake coins in those holders have been posted here, but those instances are very rare. I would stay away from most problem coins that in "details" holders. Pieces like that provide the best chance for a counterfeiter to get their product certified because they have opportunities to alter the fake to make it look real. Many of the fake coins in genuine holders got in there because they were altered. At best The Red Book can only give you relative prices. For example an 1877 Indian Cent sells for more than other dates. One of the best places to look for prices is PCGS Coin Facts, which is on-line. They have auction results for every major U.S. coin from over a period of years. If you are into really inexpensive stuff, you can subscribe to "Coin World." They issue a monthly magazine that provides retail prices. "The Coin Dealer Newsletter" is expensive, and some people say it's inaccurate. I can't speak to that because I've not been very active in the U.S. coin market for a while. And yes, I am close to your age, and I have been collecting or dealing for over 60 years.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
greatcollections.com
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...