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<p>[QUOTE="Gallienus, post: 8216699, member: 42034"]Hi & thanks for the info ToughCOINS</p><p>Yes, I know that the coins are counterfeits. My question is:</p><p><br /></p><p>What reason did the seller give for not slabbing the $20 gold? All higher value US coins are slabbed in this country. That 1898-P would be amazingly nice so why would one not be suspicious of such an apparently rare coin being sold unslabbed? Presumably slabbing it could increase the price greatly.</p><p><br /></p><p>I'll give some background.</p><p>I normally seek foreign/ancient coins where the characteristics are not so well known. A few years ago, at a major coin show I ran across, a dealer selling a high grade Roman sestersius of Vitellius (69 AD). It was unslabbed and he initially wanted $40K for it. The dealer specialized in much more modern, generally lower-end, world coins so the fact that he was offering such a rare Roman piece, unslabbed, that did not fit into his usual offerings was an immediate cause for concern.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 8216699, member: 42034"]Hi & thanks for the info ToughCOINS Yes, I know that the coins are counterfeits. My question is: What reason did the seller give for not slabbing the $20 gold? All higher value US coins are slabbed in this country. That 1898-P would be amazingly nice so why would one not be suspicious of such an apparently rare coin being sold unslabbed? Presumably slabbing it could increase the price greatly. I'll give some background. I normally seek foreign/ancient coins where the characteristics are not so well known. A few years ago, at a major coin show I ran across, a dealer selling a high grade Roman sestersius of Vitellius (69 AD). It was unslabbed and he initially wanted $40K for it. The dealer specialized in much more modern, generally lower-end, world coins so the fact that he was offering such a rare Roman piece, unslabbed, that did not fit into his usual offerings was an immediate cause for concern.[/QUOTE]
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