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<p>[QUOTE="USMoneylover, post: 1034655, member: 26802"]Just to elaborate a little more on what Merc Crazy stated: While you can find good deals sometimes on coins that are not graded, you can also lose big time if you receive a counterfeit or cleaned/damaged coin. Sometimes it is hard to tell even for a person with experience. The book ANA Grading Standards is a good book that shows photos of coins in various grades, and is a great source of information.</p><p>If you are buying coins for someone's inheritance, the best reasons to buy coins in slabs from NGC or PCGS is the resale aspect. If your sons at some point decide to sell what you have left for them, there is a lot smaller chance they will be taken advantage of by a buyer. It will be easier for them to determine the value, as the condition, date, and other details will be clearly labeled on the holder. These two reputable companies trade regularly sight unseen and bring top dollar over a coin that is raw and/or self graded.</p><p><br /></p><p>One more thing: There are a lot of price guides out there for coins, some of them are over inflated. If you are planning on spending serious money on coins, recommend getting your hands on a copy of coin dealer newsletter. This is a dealer price sheet and you might not always be able to get coins at the prices listed, but you know close to the amount a dealer might have paid, or will pay in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="USMoneylover, post: 1034655, member: 26802"]Just to elaborate a little more on what Merc Crazy stated: While you can find good deals sometimes on coins that are not graded, you can also lose big time if you receive a counterfeit or cleaned/damaged coin. Sometimes it is hard to tell even for a person with experience. The book ANA Grading Standards is a good book that shows photos of coins in various grades, and is a great source of information. If you are buying coins for someone's inheritance, the best reasons to buy coins in slabs from NGC or PCGS is the resale aspect. If your sons at some point decide to sell what you have left for them, there is a lot smaller chance they will be taken advantage of by a buyer. It will be easier for them to determine the value, as the condition, date, and other details will be clearly labeled on the holder. These two reputable companies trade regularly sight unseen and bring top dollar over a coin that is raw and/or self graded. One more thing: There are a lot of price guides out there for coins, some of them are over inflated. If you are planning on spending serious money on coins, recommend getting your hands on a copy of coin dealer newsletter. This is a dealer price sheet and you might not always be able to get coins at the prices listed, but you know close to the amount a dealer might have paid, or will pay in the future.[/QUOTE]
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Newbie ripped off by TV Coin Shows
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