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<p>[QUOTE=&quot;Burton Strauss III, post: 3168128, member: 59677&quot;]Exactly opposite of the truth. Either you mis-understood/mis-remembered or s/he&#039;s an idiot. MINTING coins uses a press to stamp designs with a die. CASTING FAKE COINS pours metal into mold.</p><p><br /></p><p><br /></p><p><br /></p><p>Best recommendation you can get...</p><p><br /></p><p>Buying raw coins - even as a dealer - always has an element of risk and also the need for a brick &amp; mortar store to make money to cover costs. Plus s/he will have the expense of sending the coins off to be graded, cost of money for the weeks or month it will take, plus tying up capital until they&#039;re sold. </p><p><br /></p><p>All of which nets out to if the coins were over graded by one grade on the original invoice... you probably got paid a fair price. Not top dollar, but fair.</p><p><br /></p><p>Top dollar would have taken a couple months through GC. And even there, you might not have come out any better. Auctions are a gamble. We&#039;ve seen ordinary Morgans go for 4x what they should have. And people cherry pick for 1/4 of what a coin should have sold for...</p><p><br /></p><p>I was watching <i>Heritages Tuesday Internet Auction</i> last night (i.e. where the not so spectacular coins quietly shuffle off to dealers cheap and/or to new owners)… There were about 100 lots of nice Wheat cents. For each coin, HA lists several prices - wholesale, NGC and PCGS price guides - and populations of each.</p><p><br /></p><ul> <li>TopPop coins were selling a little above wholesale.</li> <li>One grade below were selling a little below wholesale</li> <li>Two grades below were selling anywhere from $2 to $40. At $2, the $19 minimum buyer&#039;s premium makes it a $21 coin... ouch</li> </ul><p>[/QUOTE]</p><p><br /></p>

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