Noobie Question about Older MS-70 Quality Coins Looking For Professional Opinion Pls.

Discussion in 'Coin Chat' started by Wish 4 More, Sep 1, 2010.

  1. Wish 4 More

    Wish 4 More New Member

    Hi everyone, Hope all is well with you and yours. :smile

    I have a couple questions about some coins that I purchased off a member on eBay.

    I bought some 1954-1964 MS-70 Silver Coin Sets which consisted of The Penny, Nickle, Dime and Quarter.

    For all of the sets that I purchased only the Quarter and Dime had Silver on the lable.

    I dont think that these silver coins are the silver coins that get released today by the U.S. Mint where 90% of the coin is Silver and the remaining 10% Misc Metal, I think that they only have the Silver in them that came in the early coins of that time period. I would have to research to see actually how much silver the U.S. Mint put in to their Quarters and Dimes back then to actually know,... But anyway.

    I'm only going to show some of the Quarters tonight because it's late, If these Quarters are in fact Not MS-70 Quality than I'm pretty sure neither are the Pennies, Nickles or Dimes going to be.

    I tried to take the best possible pictures for you guys to look at to tell me if in fact, For the Age of these Coins, Most being Over 50 Years Old are these MS-70 Coins?

    Could someone please take a look at these coins and let me know what you think about them please?

    I received the coins in a sealed plastic cases by INB.

    More Pictures to follow in post below,... This forum Only Allows You To Post 5 Pictures Per Post For Some Reason.

    Attached Files:

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  3. Wish 4 More

    Wish 4 More New Member

    Here are some more pictures.

    Attached Files:

  4. coervi

    coervi Lincoln Collector

    No they are not MS-70 coins, If your going to bye slabed coins look at the top 3 NGC,PCGS and ANACS. Everything i have seen from IBN is all ms-70 and none of it really is.
  5. Wish 4 More

    Wish 4 More New Member

    More Pictures.

    If you look at this one,.. It looks like a Finger Print going across the face of President G.W. to me.

    Attached Files:

  6. Wish 4 More

    Wish 4 More New Member

    Yeah,... I have to tell you that I was pretty Disappointed when I received these coins.

    I have a total of 72 coming to me and I've only received 40 so far,... I should be receiving the rest in the next day or 2.

    What Quality are these coins if they're not MS-70 would you figure?

    I can't believe they have such good feedback if they are selling coins like these.

    I think I'm just going to bite the bullet, Pay the $16 return Shipping and get my Money Back and just stick to Silver Eagles from NGC and PCGS.
  7. coervi

    coervi Lincoln Collector

    none look even mint state to me, maybe au
  8. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    Not even close to 70's.
    I'd say from 55 to 65 at best.

    Use NGC or PCGS until you can grade better yourself.
    And not knowing what you paid I'd return them asap if they are even 65 there are fingerprints, stains and hits all over them.

    Nothing wrong with those as coins just not for 70's.
  9. coervi

    coervi Lincoln Collector

    another thing buy the coin not the slab, if you like the looks of the coin buy that not for the grade
  10. BR549

    BR549 Junior Member

  11. Wish 4 More

    Wish 4 More New Member

    Hi Everyone,... Thanks for Stopping by.
    I really appreciate your help and opinions with this problem of mine.

    "Duke Kavanaugh" I'm a bit confused reading your post, So they are good coins but not from the year `70's or the Grade 70?

    "coervi" Why not buy coins in cases or slabbed?
    I have been buying some PF-70 Silver Eagle Dollars that I'm pretty happy with and those did come from NGC and PCGS.

    For Now On,... I'm just going to stick with the 3 Graders that are recommended.

    I paid quite a bit for all of those coins to include a`74 PR-70 Eienhower Dollar and 3 MS-70 `79 Susan B. Anthony Dollar Coins.

    I'm going to send everything back to them once I receive the rest of the coins I'm suppose to receive.

    A.K.A. Jim

    Thanks for your help guys. :smile I'm pretty disappointed and PO with my purchase tho :veryangry: :headbang:
  12. Wish 4 More

    Wish 4 More New Member

    Oh Man,.. I wish i would have found that web site before I made my purchase.
    eBay shouldnt allow them to continue on with their sales.
  13. fretboard

    fretboard Defender of Old Coinage!

    Yes, if you can return the sets go ahead!! That company is not above board at all and they've been pushing their luck for way too long!! I have one of their coins but I didn't buy it from them. It came in a package deal from another seller. I hate to repeat what the others have so I won't but it's all true!! Fingerprints!! That's just so ghetto and a bad way to treat somebody!! :veryangry: ;) :D
  14. coervi

    coervi Lincoln Collector

    Im not saying not to buy coins that are in slabs im saying you are buying the coin not the slab. Make sure you are happy with the looks of the coin and that the grade it has is somewhat what you think it should be, or just move on, there is always (well not always) going to be another coin. If you are having trouble with the grading pick up some book on grading and what the prices should be. Your not the first and you wont be the last to make purchases like that, im sure almost everyone here as done the same. Just put it behind you and move on. Good luck!!
  15. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    It was not the years I was talking about but,I was talking about the grades not being 70 or 69 or 68 or 67 or 66...probably even lower.
  16. Hobo

    Hobo Squirrel Hater

    By all means return the coins and cancel the order on the other coins. The small price it will cost you is a drop in the bucket compared to the loss you will take when you eventually try to sell the coins. Consider that a small payment towards your numismatic education.
  17. vipergts2

    vipergts2 Jester in hobby of kings

    I agree, send them back. Some of the quarters may be decent, but they are really not worth much more than melt. Unless they are truly high grade, which these aren't, the later silver quarters pretty much go by the spot price of the silver. Good luck
  18. Wish 4 More

    Wish 4 More New Member

    Hobo: By all means return the coins and cancel the order on the other coins. The small price it will cost you is a drop in the bucket compared to the loss you will take when you eventually try to sell the coins. Consider that a small payment towards your numismatic education.

    Wow,.. what is going on with this Forums? It seems like everyone sentences are all in one LONG Line and when you try to scroll over you can't even read the end of what peoploe wrote, Also the Quoting doesnt work either,...

    Anyway,... Well i dont know if I can call it the cost of learning Numismatic,... I think it's more of The cost of learning to Not believe that you may not be getting what people promise that your getting.

    When i received these coins and compared them to my other coins it wasnt hard to tell that these werent as Pristine as my other coins were.

    Has anyone ever heard of anyone Breaking In to those Slabs or Cases from NGC or PCGS and Replacing the Better Coins with Worse coins and some how sealing them back up?

    I just want to know if any of those can be faked some how,...
  19. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    You can make your own grading companies at home and buy the holders from companies. Watch out with these basement companies for overgraded coins!
  20. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Wish 4 More,

    I know you have already been "beaten up" pretty much by the bad news, but there are a few things that need to be said that have been repeated in other threads over and over again and will likely be repeated thousands more times in the future.

    > You asked about the amount of silver in some of the coins. Do you have a copy of the Red Book of United States Coins by R. S. Yeoman? If so, you can find the silver content of every denomination listed in the preface to each series. If you don't have this book, you should get a copy. Despite the fact that you cannot rely on the pricing information in it, the book does contain a lot of very useful information.

    > It can't be stressed enough that when buying coins on eBay, you should avoid purchasing raw coins unless you know the seller. In your case, since you are just learning, it would be a good idea to avoid buying raw coins PERIOD! from any source until you learn how to grade them.

    > When buying certified coins, avoid the "third world" grading services such as INB, ACG, NTC, SEGS, NNC, etc. Until you become more familiar with grading, buy only certified coins from NGC or PCGS. I would advise you to even avoid ANACS and ICG until you gain more knowledge.

    > In case you didn't know, eBay does not allow a grade to be listed in the title if it is slabbed by one of the third-world grading services. Someone please correct me if I'm wrong, but I believe that sellers are only allowed to advertise the grade of a coin in the title if it is certified by NGC, PCGS, ANACS or ICG. Furthermore, the seller must provide photos of the entire front and back of the slab because even the slabs for the top grading services can be counterfeited.

    > Why are you buying PF70 and MS70 coins? Can you even tell the difference between a 69 and a 70? If the time ever comes that you want to sell your 70's, you will never recover the premiums that you are paying for them. If you don't know the difference between the grades, you would be better served buying the 69's for far less money.

    > Finally, before you make any purchases, whether it is on eBay or anywhere else, if you have any doubts you should seek answers on a forum like this before you squander your money. I've only been a member of this forum for a few months, but in that short time, there have been countless dozens of uninformed newcomers who have learned the bad news too late, just like you. Sure, some of you have only lost the expenses of shipping and insurance, but I sure wouldn't mind having all of those losses in MY bank account. There are billions and billions of coins out there, so a few more hours or days won't hurt.

  21. medoraman

    medoraman Supporter! Supporter

    Try going to Frequently Asked Questions about the view of posts. There are some setting on your browser you can change to make it go back to normal.

    Like others have said, we have all bought stupid things, and its a part of learning. The other point someone made is excellent, if you cannot grade yourself, why are you paying extra for someone else's grade? If you cannot tell the difference between 69 and 70, you are much better off buying 69's. This race for 70 is silly. It all boils down to needing to be able to grade yourself, learning about the coins, and then making educated decisions. Blindly buying any MS70 because of the grade will just lead to poor purchases and more heartache down the line. Too many 70's are being pushed by the less savory aspect of this hobby.

    Btw, there is no such thing as a MS70 coin except for modern coins, (last 20 years). I have never seen one slabbed 70 by a reputable firm. There are billions of attractive, important, beautiful coins, but not one MS70. Then there are historically important, attractive ancient artifacts I collect, any one of my VG coins I wouldn't trade for any modern MS70 in existence, but that is just me.
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