Should i return this coin?

As many people have suggested, I'm going to keep this one. Thanks for the seller's opinion. I understand that it's certified perfect, but I wish I could have the chance to pick one in person. Maybe next time I'll leave a message when purchasing and ask for one without any die polish marks.

 

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Better do so BEFORE bidding then.

 

So what have we learned? I suggest we have learned that 70-grade coins are a scam. And while we're at it, let's throw in "First Strike" as an even bigger scam.

 

Well, yes I have learned a long time ago, that 70 grade coins are not perfect coins. However, if the value and liquidity attached to them continue to exist, then I think they are still worth the higher premium.

 

Let me know when you get your first higher offer on one when selling. Because it'll be the first time I've ever heard of it actually happening.

 

For this one I think I've got a decent deal, but I'm not trying to flip or anything. Graded coins are easier to sell though, and safer for buyer and seller. If I sell a raw coin, some buyer could just swap the coin with another one and return it to me, and I would have a real hard time proving it to ebay.

 

Fine, if you're captive to the Internet and eBay, you must pay through the nose, I guess.

 

First strikes are only a scam if the mint director didn’t sign the label

 

You do get better offers selling 70s even in person than you would with a 69. Whether or not that offer is fair is a different story but yes there are legitimate shops that will pay extra for them and not just try and rip people off

 

Yea, it sucks for me. I wish I can go to an actual shop, then maybe I can pick the actual coins and not have to rely on grading companies and luck. Buying raw coins online in small quantities gets me worse coins, since they have all been filtered for potential 70s.

 

@Arvin - if your only option for purchasing coins is online, I would steer clear of raw coins, until you feel you are very comfortable with analyzing a photograph to understand what the coin will be like in hand. For lack of a better way to say it, there are very deceptive (intentional and not) photographs of coins for sale. Steer clear of any photo that isn't pin-sharp, and of decent size so you can really see any flaws/imperfections.

 

Yes that's very true, thanks for the advice. Buying coins online is very tricky, and very inconvenient, but i have learned many hard lessons. I can't believe there isn't a good coin shop near me, they are all gold/ silver jewelry stores that only buy and sell milk spotted basic bullion coins... Do you shop at physical stores? What is the experience like?

 

Nice to look.
Fun to touch.
Expensive to get out of them.

So, kinda like dating!

 

Depends what’s near you. There are good ones, there’s horrible ones, and a lot in between but unless you have a real good one you’re probably gonna have a lot of cracked out details coins being sold raw.

 

Overwhelmingly, my collection has been built on coins acquired at in-person face-to-face auctions. A little coin show material, some direct from Mint purchases, but VERY little Internet and even less "brick and mortar" coin dealers.

 

Hopefully I'll be able to attend coin shows in the future when I'm a little older, and have more money to spare. Buying coins on the internet is really annoying, but I don't have much choice at the moment...

 

Die polishing lines are imperfections, but that they are common enough when referencing SP70. I'm guessing the difference is in the planchet as well as the die used. In PR70 I would expect perfection, and expect the TPG to uphold standards for both.

In this case, apparently, PCGS fudged on the standard. SP70 should be non-proof perfection, imho. For the OP ASE, the grade should have been less. I understand what's being posted about buying and selling realities in the eBay world, but if you are paying for a 70 you should receive a 70, bargain or not...Spark

 

This honestly isn’t accurate grading information

 

I agree with you that it appears PCGS is not grading accurately.

 

No your information wasn’t accurate. Your opinions don’t dictate the current standards which have been posted by several people