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Has this coin been cleaned? (Thinking about bidding)
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<p>[QUOTE="johnmilton, post: 24492497, member: 101855"]Unless you are an expert, buying anything raw in U.S. coins is a risky gamble these days. I used to do it as a dealer because it was a way to make more money if I got it right, which I usually did. Now as a retiree, who does not get to very many shows, it’s different.</p><p><br /></p><p>Even if you ignore the grading issue with slabs, and I will readily concede slab grading can be disappointing, the counterfeit problem is a lot more serious. At least with a certified piece, you have recourse. If you buy raw coins, all you have is the dealer who sold it to you.</p><p><br /></p><p>The term “BU” covers a huge range these days. It can be anything from MS-60 to MS-64. I don’t know if you ever used the term “Gem BU.” That was used for MS-65 and higher. The price differences between those grades can be huge.</p><p><br /></p><p>I was where you are 35 years ago. But I learned I had to change, if I was going to continue to acquire significant material.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 24492497, member: 101855"]Unless you are an expert, buying anything raw in U.S. coins is a risky gamble these days. I used to do it as a dealer because it was a way to make more money if I got it right, which I usually did. Now as a retiree, who does not get to very many shows, it’s different. Even if you ignore the grading issue with slabs, and I will readily concede slab grading can be disappointing, the counterfeit problem is a lot more serious. At least with a certified piece, you have recourse. If you buy raw coins, all you have is the dealer who sold it to you. The term “BU” covers a huge range these days. It can be anything from MS-60 to MS-64. I don’t know if you ever used the term “Gem BU.” That was used for MS-65 and higher. The price differences between those grades can be huge. I was where you are 35 years ago. But I learned I had to change, if I was going to continue to acquire significant material.[/QUOTE]
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