Hello. I am such a noob to grading

Discussion in 'US Coins Forum' started by MrJuice1, Feb 22, 2019.

?

Did I miss something obvious?

  1. Yes

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  2. No

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  1. MrJuice1

    MrJuice1 New Member

    I am new to coins and grading but I like to look at raw ungraded coins and get them when I think I have a coin worthy of being slabbed. I also have a thing for pre 1933 gold coins and recently submitted 4 coins for grading by PCGS and look what I got back..... A frickkin counterfeit... can anyone see from the pics to see what I missed? It looked legit.

    Screenshot_20190222-201448_My Account.jpg 20190130_161533.jpg 20190130_161550.jpg
     
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  3. kanga

    kanga 60 Year Collector

    Experience is what is required.
    Go to shows and look at slabbed coins and get an "eye" for what's authentic.
    If you are going to deal with raw coins, that's a must.

    Only other thing is to deal with well established and trusted sellers.
     
  4. C-B-D

    C-B-D U.S. Type Coins or death!

    I've been fooled with old gold before.
     
  5. Santinidollar

    Santinidollar Supporter! Supporter

    And, until you get the skill to spot these often-clever fakes, stick to buying slabbed coins.
     
  6. TypeCoin971793

    TypeCoin971793 Just a random nobody...

    I can see rim spikes, even in your pictures. The rims look odd too. This coin is clearly a counterfeit.
     
    micbraun likes this.
  7. MrJuice1

    MrJuice1 New Member

    What are rim spikes? I compared the coin to PCGS' photograde app and it looked pretty good to me. Anyways, I am going back to the dealer tomorrow since I just got the results late today. Hopefully they give me my money back or give me a new coin. I spend quite a bit on coins so it would be bad to lose me as a customer. I thought dealers were supposed to double check for counterfeits.
     
  8. MrJuice1

    MrJuice1 New Member

    This hurt my feelings... I think I am going to stick to slabbed coins for a while
     
  9. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    If you’re new to coins and grading it’s a great idea to stick to already graded coins like mentioned above. Don’t just buy any graded coin blindly of course be picky with it there’s tons of pre-33 to choose from and the more you look at before you know it you will be good enough to pick out the raw winners.

    Hopefully you can return that gold dollar if not looks like a somewhat cheap lesson at least. Those tiny dollars are awesome coins (when real) I just got my first type 1 a few weeks ago and couldn’t put it down it’s one of the highlights of my collection. Grab a legit one next!
     
  10. MrJuice1

    MrJuice1 New Member

    Thank you everyone. I will take your advices
     
  11. CircCam

    CircCam Well-Known Member

    There’s some really convincing counterfeits out there... even the TPG’s themselves have inadvertently slabbed counterfeit coins on occasion.
     
  12. MrJuice1

    MrJuice1 New Member

    I have heard that.. But they stand by every coin they slab so it shouldn't be a total loss. I have heard another story where people are able to counterfeit the PCGS or NGC slabs. After this coin and these things I am now hearing, I am afraid :(
     
  13. CircCam

    CircCam Well-Known Member

    Take heart, sir! Knowledge is power and this experience will no doubt effect your future collecting in a positive way.
     
    TypeCoin971793 likes this.
  14. TypeCoin971793

    TypeCoin971793 Just a random nobody...

    I have circled ones I see on your coin.

    7ED2AD3F-2FC9-4F26-8F8F-8F72AFFCA96F.jpeg

    Here is an example of a fake 1853 dollar. I have circled two rim spikes so you can see what I am talking about. The presence of these spikes almost always condemns a gold coin as fake.

    89752F6E-1110-4515-B78F-55E9043AF17F.jpeg
     
    CircCam likes this.
  15. TypeCoin971793

    TypeCoin971793 Just a random nobody...

    Oldhoopster, CircCam and C-B-D like this.
  16. Razz

    Razz Critical Thinker

    I know absolutely nothing about gold but anytime I see a slight smirk or smile on lady liberty I question it.
     
  17. MrJuice1

    MrJuice1 New Member

    Ahhhh I see the spikes now. I need to get better at spotting these. I never thought anyone would want to fake a common year dollar coin
     
  18. EdThelorax

    EdThelorax Active Member

    They are counterfeiting 1956 Lincoln cents.
    https://www.aliexpress.com/store/pr...-Head-Cent-Copy-Coins/738170_32759515299.html

    Be careful of everything you buy!!!!!!!

    I like to study the pictures of genuine coins on PCGS's Coinfacts, and counterfeits on Etsy, Amazon and Aliexpress. (Never ever buy anything from these vendors that allow selling of counterfeit items. If they allow fake coins, they probably allow fake everything!)
     
    TypeCoin971793 likes this.
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