Coin dealer telling it like it is or pulling a scam?
gemseeker
Posts: 276 ✭
Several people have already provided opinions on the C to C dealer and their coins. I read the fine print on their order form and noted the following:
We naturally base our prices on our anticipated replacement cost for properly graded coins. Translation: The prices that you see are based on what the coin would normally bring if they were properly graded. Therefore this item is not a "buy of the century".
We are proud of our accurate and consistent grading. - If that is true, why are you not in the grading business?
Adjectives do a perfectly good job of painting such a picture without giving the false impression that grading is an exact science. We feel the use of numbers implies such an absolute precision which in reality does not exist. Thus you will see the use of adjectives and not numbers ...
Translation: We want to provide a vague and not discrete description of our coins. The ANA scale of grading coins is a sham
The descriptions provided in the their catalogs are very generalized to say the least. They seem to transact a heavy volume of coins on ebay. They also seem to sell quite a few Roman coins with an anecdote behind the coin. I think someone there must be well versed in ancient Roman history. Most of their coins are not graded, so beware when buying a "rare gem". It wil most likely be a bag marked AU.
We naturally base our prices on our anticipated replacement cost for properly graded coins. Translation: The prices that you see are based on what the coin would normally bring if they were properly graded. Therefore this item is not a "buy of the century".
We are proud of our accurate and consistent grading. - If that is true, why are you not in the grading business?
Adjectives do a perfectly good job of painting such a picture without giving the false impression that grading is an exact science. We feel the use of numbers implies such an absolute precision which in reality does not exist. Thus you will see the use of adjectives and not numbers ...
Translation: We want to provide a vague and not discrete description of our coins. The ANA scale of grading coins is a sham
The descriptions provided in the their catalogs are very generalized to say the least. They seem to transact a heavy volume of coins on ebay. They also seem to sell quite a few Roman coins with an anecdote behind the coin. I think someone there must be well versed in ancient Roman history. Most of their coins are not graded, so beware when buying a "rare gem". It wil most likely be a bag marked AU.
Recommended reading - The PCGS Guide to Coin Grading and Counterfeit Detection and The Coin Collector's Survival Manual and NCI Grading Guide
For the Morgan collectors - The Morgan and Peace encyclopedia by Van Allen and Mallis
What would your slabbed coins be worth if the grading services went out of business? What would your coins be worth if the Internet was taken offline for good?
For the Morgan collectors - The Morgan and Peace encyclopedia by Van Allen and Mallis
What would your slabbed coins be worth if the grading services went out of business? What would your coins be worth if the Internet was taken offline for good?
0
Comments
K S
al h.