New to Coin Collecting and very confused

Discussion in 'Coin Chat' started by andym129, Jul 3, 2007.

  1. JeromeLS

    JeromeLS Coin Fanatic

    If you can grade badly, you are way better off than someone who can't grade at all.
     
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  3. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    I would estimate the fair retail value of this list of coins to be between $5 and $10. Those 2 slabbing companies are known overgraders and it is unlikely that the coins are actually anywhere near as n ice as those slabs would indicate. The two proofs are worth a few dollars between them, the circulated silver dime is worth 90 cents, the 1964 quarter is worth $2.25, everything else is worth about its face value.

    Here is a general rubrick for the rest of the stuff you have in UNC or PNCS holders:

    All silver coins (dimes, quarters, and halves) from 1940-1964 are worth their melt value (about 8 to 9 times face at the moment).

    Proofs are worth a little bit, but from 1956 to the present, not more than about 10 times face value (with a few exceptions).

    And all coins 1965-date are worth less than 2 times face value.

    I hope this gives you a general idea of how you did on your purchase, and an idea of what to look for value-wise in your next purchase.


    By the way, thanks for not taking my earlier harshness as a personal attack, it sincerely was meant to be as honest as I could, I meant/mean no disrespect or personal insult.
     
  4. Just Carl

    Just Carl Numismatist

    Welcome to a place where you'll learn. And as already said, learn first of what your doing. Find out about coins, grading services, coin books and supplies, where to buy, where to find, etc. Long, long before you ever go to a place like ebay.
     
  5. andym129

    andym129 New Member

    hey all,


    sorry been away for a day and couldn't reply. So here I have a question.... if these graders were overgraders and the value was used from PCGS or PGCS which ever it is, why do the coins I have by what the guy I bought from give me an est value of +17000 and were talking about nickles and dimes being the value of nickles and dimes. This is where I dont understand the little stuff.
     
  6. NICK66

    NICK66 Coin Hoarder

    Can you give us the types of coins and dates of the coins you think are worth a lot?
     
  7. andym129

    andym129 New Member

    this list of coins I posted were the ones that were valued by PCGS as the high value coins
     
  8. NICK66

    NICK66 Coin Hoarder

    Is there any way you can take pictures of them and post them here?
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    andym129 -

    Can you answer a couple of questions for me please. Are all of these coins graded by this unccoins.com company or not ? And where and how did you come up with a value of $17,000 ?
     
  10. andym129

    andym129 New Member

    yes... except the mississippi quarter... the guy who sold them to me used the PCGS price guide to come up with the number.... and unfortunately I cant... dont have a camera to post with.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Well, sadly then Andy I would have to say that whoever sold you those coins really took advantage of you. Were I you I would return them and ask for my money back. I rather doubt you'll get it, but at least try.

    Now, you need to realize, that even if all of the coins you bought were slabbed by PCGS and the grades were accurate - they still would not be worth $17,000 - no where near it.
     
  12. andym129

    andym129 New Member

    then why does PGCS post on there website that some of these coins are worth 3000 4000 5000 dollars? Am I misreading these statements?
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    No you are not misreading them - they simply are not true. It is an advertising gimmick the company uses.
     
  14. andym129

    andym129 New Member

    So PGCS is a scam company? That seems horrible.
     
  15. NICK66

    NICK66 Coin Hoarder

    Andy, PCGS does list the 1963 1c MS67RD @ $2500, 1957-D 1c MS67RD @ $3700.

    But it looks as though these coins are not graded by PCGS. Which ones are graded by PCGS?
     
  16. AdamL

    AdamL Well-Known Member

    PCGS can be a little shady, I think. That unfortunate;y is the nature of the business when it comes to TPG's and on-line selles. But this "unccoins" company that I've never heard of. If they graded your coins, I'm pretty sure they graded them alot higher than they should be.
     
  17. GDJMSP

    GDJMSP Numismatist Moderator



    No PCGS is not a scam company - but their price guide is a joke. Even David Hall, the man who started the company, sells coins for far less than what that price guide says they are worth.

    If you want to know the true value of coins go to Heritage Coins, register as a member ( it's free ) and you can look up what coins actuall sell for in their Permanent Auction Archives.

    But the thing you have to remember is this - the coins you bought, they were slabbed and graded by, ( in your words ) a scam company. And that is why the coins you bought are worth a couple dollars each at best as was previously explained.
     
  18. andym129

    andym129 New Member

    thats the thing nick, the coins werent graded by PGCS, the guy just used there prices. I didnt know that the UNC grading and the PGCS was a difference.... I thought it was like Topps baseball cards being listed in value by Becketts Baseball guide.... know what I mean? UGH this is fusterating
     
  19. NICK66

    NICK66 Coin Hoarder

    Oh man, than thats the problem. He used the highest price guide out there to price these coins in his ad. Now if you we're to have these graded by PCGS and they came back the same grades, then you would be a little better off. But like GDJMSP said, see if they have a return policy and maybe you can get your money back.
     
  20. andym129

    andym129 New Member

    nope... it was a mix lot, I didnt even know the coins I was getting. Should I perhaps take them to PGCS and see what comes of it?
     
  21. NICK66

    NICK66 Coin Hoarder

    That would totally be up to you. You will have to join PCGS's club, which I think is $50 then you can submit any coins you want. But I honestly don't think they will come back the same grades, most likely lower. Thats why it would be cool to even get a scan of these coins.
     
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