NNC Graded Coins

BACPAC · January 21, 2007 2:43AM

I noticed quite a few of these certified coins being sold on EBAY. Most of them are sold by the EBAY user CENTSLES. Does anyone have information about NNC and the grades they put on their slabs? Based on the prices paid for NNC graded coins, the have to be significantly overgraded compared to PCGS & NGC standards.
Does anyone have an one have information on the CENTSLES? This EBAY User is a very successful seller.

CarlWohlforth · January 21, 2007 2:59AM

I think you can search for them on this forum to get more info. If I remember right they slab those coins themselves so are liberal with the grades. While I have had successful tranactions with them I treat NNC coins as raw - I discount what is said about them and form my own opinion.

19Lyds · January 21, 2007 3:04AM

I'm in total agreement with Carl on this. Any non PCGS/NGC/ICG/ANACS slab should be considered raw.

Bid only if the seller has a return policy or be prepared to be disappointed!

123cents · January 21, 2007 3:13AM

Centsles is Robert Johnson. He knows coins and is a excellent coin grader. He chooses, however, to mostly sell NNC coins.

storm888 · January 21, 2007 3:15AM

"He knows coins and is a excellent coin grader."

///////////////////////////////

I agree.

But, the NNC holders add no value to the coin.

ColonialCoinUnion · January 21, 2007 3:29AM

<< <i>But, the NNC holders add no value to the coin. >>

Yes they do - a negative value. I honestly believe those same coins would bring more money raw.

Russ · January 21, 2007 3:35AM

NNC is garbage.

Russ, NCNE

Barry · January 21, 2007 3:40AM

CENTSLES

walkerman · January 21, 2007 4:14AM

They are in the same league with NTC, SGC and the rest of the third world garbage. A major respected firm in Orlando who wouldn't be caught dead with any of this crap in their showcase at the major shows, fills up page after page on ebay. They also advertise the same as Centsles. ie - "lists for $65,000 in this grade. Someone will get a bargain".
No! someone will get screwed. I tried to treat one of these as raw and though it was graded ms 66 I bid ms 63 money and won it for a little less. It is a beautiful Saint that looked just like the picture.(They have great photography.) I was really pleased until I cracked it out. The rims were filed. So now I can keep it until gold reaches $750 an ounce and sell it for bullion or maybe make some nice jewelry with it.
Since these things have flooded the ebay auctions it has become more and more difficult to sell legitimately graded coins. Regardless of how many warnings are posted here there are still the die hard dreamers who are thinking they can beat the game these guys are playing.
I agree that Robert is a sharp grader and doesn't it stand to reason if any of his coins deserved the listed grade he would keep it for himself and submit it to a legit tpgs? He does also sell PCGS coins you know.

Anyone who enjoys buying this garbage and thinks they can win would also probably enjoy a nice social session of Russian Roulette. Dave W

The priceless ingredient in any coin transaction is the integrity of the dealer
David J Weygant Rare Coins

NNC Graded Coins

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