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<p>[QUOTE="coloradobryan, post: 2164724, member: 74172"]Goes to show that people who are buying coins really need to know how to grade. Taking the easy way out and trusting what the buyer says is an easy way to get burned. I generally agree on the grades my dealer has on his coins, but I have passed on some that I believed he over graded. It's one thing when you are buying a 1860-o half dime that is graded AU-55, and you believe should really grade AU-53, and someone selling a vastly overgraded common Morgan such as a 21, as MS-66, when in fact it is a polished VF. If you don't know how to grade the coin, it's best not to buy untill you can grade the series. Good example of how someone who knows a series well, can laugh to the bank while a casual investor buying a number on plastic will have his a** handed to him when it's time to sell.[/QUOTE]</p><p><br /></p>
[QUOTE="coloradobryan, post: 2164724, member: 74172"]Goes to show that people who are buying coins really need to know how to grade. Taking the easy way out and trusting what the buyer says is an easy way to get burned. I generally agree on the grades my dealer has on his coins, but I have passed on some that I believed he over graded. It's one thing when you are buying a 1860-o half dime that is graded AU-55, and you believe should really grade AU-53, and someone selling a vastly overgraded common Morgan such as a 21, as MS-66, when in fact it is a polished VF. If you don't know how to grade the coin, it's best not to buy untill you can grade the series. Good example of how someone who knows a series well, can laugh to the bank while a casual investor buying a number on plastic will have his a** handed to him when it's time to sell.[/QUOTE]
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