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Noobie Question about Older MS-70 Quality Coins Looking For Professional Opinion Pls.
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<p>[QUOTE="cpm9ball, post: 985225, member: 24633"]Wish 4 More, </p><p><br /></p><p>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.</p><p><br /></p><p>> You asked about the amount of silver in some of the coins. Do you have a copy of the <b><i>Red Book of United States Coins</i></b> 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.</p><p><br /></p><p>> 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.</p><p><br /></p><p>> 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.</p><p><br /></p><p>> 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.</p><p><br /></p><p>> 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. </p><p><br /></p><p>> 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.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 985225, member: 24633"]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 [B][I]Red Book of United States Coins[/I][/B] 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. Chris[/QUOTE]
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