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Asking for comments on...........!!!

Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

Numistrust Corporation. I just purchased an 1897s Morgan in 65 for $250. Coin looks properly graded. I just wanted opinions from fellow forum members regarding the accuracy and reputation of the above company.

Thanks !!! :)

Timbuk3

Comments

  • HallcoHallco Posts: 3,661 ✭✭✭✭✭

    Post a picture for us.

  • divecchiadivecchia Posts: 6,688 ✭✭✭✭✭

    This is my personal experience based on a dealer that said he used to grade for PCGS many years back. He showed me and my brother in law 3 coins that my brother in law was interested in and he said what he was showing us was at least 1 full grade higher than he would grade those coins at. That could mean that they were likely graded off by more than 1 grade.

    Hopefully that is not the case with the coin you just purchased.

    Donato

    Hobbyist & Collector (not an investor).
    Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set

    Successful transactions: Shrub68 (Jim), MWallace (Mike)
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    Are you happy with it @Timbuk? and the price is in line with those similar grade?.....then you have a keeper in your hand :)
    Please let us see the mysterious coin... <3

  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭

    Like is always said around here -

    Well, worthless isn't correct. But it would sure help to see this beauty in all it's glory.


  • HadleydogHadleydog Posts: 1,588 ✭✭✭

    B) !!!

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    There are great coins hiding in third tier holders.
    There are also many many dogs.
    The dogs far outnumber the great coins, but it is possible to find a bargain.
    It's not common but possible.
    That is my experience.

  • SmudgeSmudge Posts: 9,764 ✭✭✭✭✭
    edited June 10, 2018 8:51PM

    Who says it is 65? A real tpgs or Numitrust? Photos would help. Probably a PCGS 63.

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    edited June 10, 2018 10:20PM

    Can you:

    a) post a photo?
    b) grade a Morgan yourself?

    If you can't consistently tell an uncirculated Morgan from a slider, you may want to avoid - in general - 2nd and 3rd tier "grading" companies. Ignore their label grades and learn to judge the coin yourself. At $250, you could find a decent MS64 PCGS example and save a couple bucks. If you cracked your NTC and it came back AU58, you took a $200 bath.

    Edited to add that a certain young lady thinks I'm being hard on you. When it comes to your wallet, I'm trying to keep you from being too hard on it. No offence intended.

  • jtlee321jtlee321 Posts: 2,365 ✭✭✭✭✭
    edited June 10, 2018 10:04PM

    The name alone bothers me with this slabbing company. My subconscious always drops the Nu and hears only Mistrust. Read into that what you will, but I follow my gut and what my subconscious tell me. I know that I would never pay the value of the grade listed on the label and I would crack it out the second I bought it. I really hope you got a great deal on it. B) !!!

  • CameonutCameonut Posts: 7,348 ✭✭✭✭✭

    :) !!!

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Yes ... a photo of the obverse and reverse would help.

  • PerryHallPerryHall Posts: 46,713 ✭✭✭✭✭
    edited June 11, 2018 4:17AM

    Numistrust is pronounced as "new mistrust". There's a clue here. Think about it. :o;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BStrauss3BStrauss3 Posts: 3,641 ✭✭✭✭✭

    Does a properly graded coin exist in an NTC slab? Sure - even a blind squirrel occasionally finds a nut.

    Would I bet on any given coin being THAT coin? No.

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • REALGATORREALGATOR Posts: 2,638 ✭✭✭✭✭

    Take the 'Nu' out of the grading service's name and I think you have your answer.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I will withhold any judgement until we see the coin. I know from experience that good coins can be found in unexpected places. I even had a couple of really great blind dates in my younger years :D;) Cheers, RickO

  • coinpalicecoinpalice Posts: 2,456 ✭✭✭✭✭

    I would get it crossed over to pcgs asap, the resale value would be quite low in the current slab

  • JBKJBK Posts: 16,243 ✭✭✭✭✭

    :o !!!

  • 2ndCharter2ndCharter Posts: 1,695 ✭✭✭✭✭

    B) !!!

    Member ANA, SPMC, SCNA, FUN, CONECA

  • JBKJBK Posts: 16,243 ✭✭✭✭✭
    edited June 11, 2018 8:12AM

    Assuming you are experienced at grading these, even if it appears to be properly graded, it is not "worth" the $ for the grade to most people unless in a top tier slab.

    I for one cannot grade these, so I personally would never pay 65 $ unless it was in PCGS or maybe NGC.

  • PerryHallPerryHall Posts: 46,713 ✭✭✭✭✭

    @JBK said:
    Assuming you are experienced at grading these, even if it appears to be properly graded, it is not "worth" the $ for the grade to most people unless in a top tier slab.

    Just treat this coin and all other coins in third world slabs as if they are raw coins and you'll be okay.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ashelandasheland Posts: 23,624 ✭✭✭✭✭

    Post a pic. I'd like to see this one. :)

  • johnny9434johnny9434 Posts: 29,070 ✭✭✭✭✭

    i dont know much about them, sorry. hey how about a pic or two :)

  • WalkerfanWalkerfan Posts: 9,662 ✭✭✭✭✭
    edited June 11, 2018 4:36PM

    A picture is mandatory in this instance for assigning a grade.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • oldabeintxoldabeintx Posts: 2,339 ✭✭✭✭✭

    If you like it as a 65 cross it. Worth the upside at your purchase price, yes?

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @Timbuk3 said:
    Numistrust Corporation. I just purchased an 1897s Morgan in 65 for $250. Coin looks properly graded. I just wanted opinions from fellow forum members regarding the accuracy and reputation of the above company.

    Thanks !!! :)

    We need pics. I will warn you that NTC slabs are among the stinkiest when you crack them. Some are epic.

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