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Message:: [QUOTE="Hobo, post: 622399, member: 11521"]First, who assigned grades to the coins? Are they slabbed by PCGS, NGC or ANACS? Or are you taking the word of the seller? If the seller is assigning the grades WATCH OUT! Those prices appear to be very high. Grey sheet for a 1900 or 1907 $5 MS-63 is $950 and $1,375 in MS-64. That is dealer wholesale. $1,695 seems like a hefty markup. Grey sheet for a 1901 or 1901-S $10 is $1,210 in MS-63 and $2,200 in MS-64. Again, the dealer price of $2,325 appear way high unless the coins are PQ (Premium Quality) MS-63.  What does it matter what the Smithsonian's best example is graded? That sounds like smoke and mirrors to me.  These are not rare coins in MS-63. I'm sure you could find PCGS or NGC slabbed examples for much less than that dealer's prices.  How did you get hooked up with this dealer? Please don't tell me they called you on the phone out of the blue or that you answered an ad in Parade Magazine or answered an e-mail solicitation.  I have numerous misgivings about this "dealer" already. For now I would recommend that you DO NOT buy any more coins from this "dealer" until you get more information.  I recommend you gather together all the coins you have purchased so far and take them down to a reputable local coin dealer. Look for a dealer who is a member of ANA. If he is a member of PNG that would be excellent. Ask the dealer for his opinion of your coins - specifically their grades and approximate value. If you want to you can get opinions from more than one dealer. That should give you an idea whether you have been making wise purchases or if you got ripped off. A year or two ago an elderly neighbor who is a widow paid $32,000 to a boilerroom operation in NYC for a bunch of grossly overgraded - and ridiculously overpriced - coins that were worth a fraction of what she paid. Good luck and keep us posted.  By the way, welcome to CoinTalk.[/QUOTE]

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