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<p>[QUOTE="Boxeldercoin, post: 1247925, member: 28494"]First off let me say that I am not a writer but I love coin collecting and have been doing so for over 45 years. Through the coin club in my area ( Rapid City, SD ) I have been helping people who inherit coin and currency collections so they don't get ripped off when selling the coins that their love ones left them. I have met some great people and some real characters also. I look through the collections to determine what is junk silver, what is collectable and what should be sent in to be graded before selling. Certain coins should be sent in for grading for many reasons. One reason is that the difference in even one point can be lots of extra cash in their pockets. One of these coins 1882-O Morgan. In ms64 this coin gray sheets for $110 but in ms65 it sheets for $970. In this case 1 point makes a lot in extra cash for the estate. There are many, many more coins out there that fit this category. Then in the collections are coins that are what they are. By this I mean I would not send in coins that are common and only sheet for $150 or less. These coins could be common Morgans, Goods to AU were the price does not increase enough to warrant the grading fees that the big two ( NGC & PCGS ) would charge for grading. Lots of coins fit into this group. There is one group that I insist should be graded, and that is the key dates. The main reason I think all the keys should be graded is because so many out there are counterfeit. So far I have sent in three coins in the last two years that were counterfeit, one 1909-S VDB, one 1909-S Indian and a 1916-D Mercury Dime. And right now I have a group of keys in to PCGS that I think has another counterfeit in the group. Some coins such as the 1901-S Barber Quarter they predict there are more counterfeits on the market than real ones. Another group I like to send in is higher end gold coins. So many have been messed with to enhanced their grade that I just like to send them in to make sure of what we have. Most times this has gotten the estate more money. I have had gold that was tooled, dipped, whizzed, and even a 1904 twenty dollar gold that is gold but not real. Some people I know said why bother, Their favorite saying is buyer beware and the seller should know what they're selling. BUT I feel that the reason we have coin clubs, the ANA, and others is to help the public, and pay a fair price when buying coins, and treat others how we would want to be treated. I saw a thread on coin talk forum a while back about what would you do if someone offered to sell a 1909-S VDB to you for $20 and was appalled at some of the responses that were given about the seller should know what they are selling. What happen to treating people fairly. Buying a coin worth 100's of dollars for $20 is the fastest way to get bad reputation as a crook or bad dealer, as sooner or later the person who sold the coin will find out what the coin was really worth an than will tell every one how you ripped him off. The best advertisement is by word of mouth and people who feel they were cheated talk a lot. I think I said enough for now. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="Boxeldercoin, post: 1247925, member: 28494"]First off let me say that I am not a writer but I love coin collecting and have been doing so for over 45 years. Through the coin club in my area ( Rapid City, SD ) I have been helping people who inherit coin and currency collections so they don't get ripped off when selling the coins that their love ones left them. I have met some great people and some real characters also. I look through the collections to determine what is junk silver, what is collectable and what should be sent in to be graded before selling. Certain coins should be sent in for grading for many reasons. One reason is that the difference in even one point can be lots of extra cash in their pockets. One of these coins 1882-O Morgan. In ms64 this coin gray sheets for $110 but in ms65 it sheets for $970. In this case 1 point makes a lot in extra cash for the estate. There are many, many more coins out there that fit this category. Then in the collections are coins that are what they are. By this I mean I would not send in coins that are common and only sheet for $150 or less. These coins could be common Morgans, Goods to AU were the price does not increase enough to warrant the grading fees that the big two ( NGC & PCGS ) would charge for grading. Lots of coins fit into this group. There is one group that I insist should be graded, and that is the key dates. The main reason I think all the keys should be graded is because so many out there are counterfeit. So far I have sent in three coins in the last two years that were counterfeit, one 1909-S VDB, one 1909-S Indian and a 1916-D Mercury Dime. And right now I have a group of keys in to PCGS that I think has another counterfeit in the group. Some coins such as the 1901-S Barber Quarter they predict there are more counterfeits on the market than real ones. Another group I like to send in is higher end gold coins. So many have been messed with to enhanced their grade that I just like to send them in to make sure of what we have. Most times this has gotten the estate more money. I have had gold that was tooled, dipped, whizzed, and even a 1904 twenty dollar gold that is gold but not real. Some people I know said why bother, Their favorite saying is buyer beware and the seller should know what they're selling. BUT I feel that the reason we have coin clubs, the ANA, and others is to help the public, and pay a fair price when buying coins, and treat others how we would want to be treated. I saw a thread on coin talk forum a while back about what would you do if someone offered to sell a 1909-S VDB to you for $20 and was appalled at some of the responses that were given about the seller should know what they are selling. What happen to treating people fairly. Buying a coin worth 100's of dollars for $20 is the fastest way to get bad reputation as a crook or bad dealer, as sooner or later the person who sold the coin will find out what the coin was really worth an than will tell every one how you ripped him off. The best advertisement is by word of mouth and people who feel they were cheated talk a lot. I think I said enough for now. Jim[/QUOTE]
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