Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Territorial Gold Piece
>
Reply to Thread
Message:
<p>[QUOTE="huntsman53, post: 295159, member: 1242"]Now that is not a bad deal if the coin in fact is genuine which I believe that it is! Even if the coin has been cleaned, a VF-35 specimen would reasonably bring $2,500 to $3,000 or more.</p><p><br /></p><p>I do not know if centsles owns NNC or not but due to the mistrust in their grading, one can pick up some good deals by being a selective and careful buyer! I used to purchase a lot of coins from a Coin Dealer that dealt in bulk/problem slabs. Many of these coins were in NNC slabs and the problem was that they were overgraded. I picked up a lot of early Lincolns 1909 through the 1930's that were graded by NNC as MS-66 to MS-67 RD but were in fact MS-64 RD's with an occasional MS-65 RD for $10 to $15 each. Also, I could usually could get better deal on the coins when I purchased them in bulk. I would inspect each and every coin for grade, Errors and Varieties and usually would find quite a few higher dollar RPM's, DDO's, DDR's and other Error coins in the slabs that were not attributed and not priced for the Error or Variety. Now, you can't go wrong if you buy early Lincolns that are MS-64 RD to MS-65 RD at EF to AU prices and get the Error and Varieties as bonuses. This Coin Dealer retired and no one ever stepped up to replace him, so the days of those kind of deals are long gone.</p><p><br /></p><p>The moral of the story here is, that you don't have to trust NNC for their grading but you can use the mistrust in their grading to your advantage. By being a very selective, careful and wise buyer, you can purchase NNC slabbed coins for a fraction of their' true value, break them out and have them certified and graded (and attributed if they are Errors or Varieties) by PCGS, NGC or ANACS (depending upon whether the coin has issues or no issues) and resell the reslabbed coins at a fairly nice premium. If you don't believe that this is the case, then do a study of all NNC slabbed coins sold on eBay, subtract two grades and compare these of the same Date, Mintmark and Series of coins sold on eBay that are certified and graded by PCGS, NGC and ANACS. Once complete, I think that you will be a believer!</p><p><br /></p><p><br /></p><p>Frank[/QUOTE]</p><p><br /></p>
[QUOTE="huntsman53, post: 295159, member: 1242"]Now that is not a bad deal if the coin in fact is genuine which I believe that it is! Even if the coin has been cleaned, a VF-35 specimen would reasonably bring $2,500 to $3,000 or more. I do not know if centsles owns NNC or not but due to the mistrust in their grading, one can pick up some good deals by being a selective and careful buyer! I used to purchase a lot of coins from a Coin Dealer that dealt in bulk/problem slabs. Many of these coins were in NNC slabs and the problem was that they were overgraded. I picked up a lot of early Lincolns 1909 through the 1930's that were graded by NNC as MS-66 to MS-67 RD but were in fact MS-64 RD's with an occasional MS-65 RD for $10 to $15 each. Also, I could usually could get better deal on the coins when I purchased them in bulk. I would inspect each and every coin for grade, Errors and Varieties and usually would find quite a few higher dollar RPM's, DDO's, DDR's and other Error coins in the slabs that were not attributed and not priced for the Error or Variety. Now, you can't go wrong if you buy early Lincolns that are MS-64 RD to MS-65 RD at EF to AU prices and get the Error and Varieties as bonuses. This Coin Dealer retired and no one ever stepped up to replace him, so the days of those kind of deals are long gone. The moral of the story here is, that you don't have to trust NNC for their grading but you can use the mistrust in their grading to your advantage. By being a very selective, careful and wise buyer, you can purchase NNC slabbed coins for a fraction of their' true value, break them out and have them certified and graded (and attributed if they are Errors or Varieties) by PCGS, NGC or ANACS (depending upon whether the coin has issues or no issues) and resell the reslabbed coins at a fairly nice premium. If you don't believe that this is the case, then do a study of all NNC slabbed coins sold on eBay, subtract two grades and compare these of the same Date, Mintmark and Series of coins sold on eBay that are certified and graded by PCGS, NGC and ANACS. Once complete, I think that you will be a believer! Frank[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Territorial Gold Piece
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...