Suppose you wanted to sell an ACG slabbed coin...

dan1ecu · October 18, 2002 2:19AM

...that you knew was overgraded by the service. Would you crack it out and sell it raw? Would you leave it in the plastic, but explain that the coin is not what it says on the holder? The disadvantage of the latter option is that selling ACG products might damage my reputation among knowledgeable collectors.

I don’t think that it would be deceptive ether way, as long as I tell the buyer the truth as I know it.

This particular coin is worth $30-$40 - not worth the expense to cross to a more reputable slab.

Dan

nwcs · October 18, 2002 2:20AM

I would state what the coin is regardless of what the holder says and price it accordingly (and in the holder). I don't think knowledgeable people would "dock" you for telling the truth about the coin. I wouldn't.

Neil

LucyBop · October 18, 2002 2:22AM

I think you would be okay selling it slabbed as long as you explain your feelings towards the coin and price it right. This sure wouldn't stop Lucy from buying from you, there are probably people on budgets that collect ACG material..... Its the sellers that offer these pieces and quote the PCGs price guide of the same grade that bug me, I always feel like sending them an email saying, "Guess what, its not a PCGs graded piece."

Russ · October 18, 2002 2:23AM

<< <i>I don't think knowledgeable people would "dock" you for telling the truth about the coin. >>

I agree. As a matter of fact, I would look at it as a positive because you'd be educating the coin buying public along the way. It's one of those listings you could have a lot of fun with.

Russ, NCNE

kranky · October 18, 2002 2:24AM

Saw this in a ebay seller's auction "I reserve the right to cancel bids by anyone who deals in ACG graded coins. I will not knowingly sell to or buy from anyone who deals in ACG graded coins."

barrytrot · October 18, 2002 2:26AM

Take a look at a lot of eBay postings that "Russ" has done.

His descriptions are excellent at pointing out what he feels is the true value of the coin.

My two bits: Definitely say something and make it bold and obvious that you are trying to be as fair as possible. Which based on your post you are well on your way to doing.

goose3 · October 18, 2002 2:26AM

if it's only a 30.00 coin, why NOT break it out and sell raw??

barrytrot · October 18, 2002 2:28AM

Kranky,

What seller/listing was the strong Anti-ACG thing in?

I don't like ACG but I have to admit that I have one or two of them around here, does that mean I can't buy from him/her? That sounds silly to me.

Also, a brilliant guy like Conder definitely has an ACG holder, does that mean HE can't buy from him/her? That would be preposterous.

dan1ecu · October 18, 2002 2:31AM

“It's one of those listings you could have a lot of fun with.”

I see what you mean, Russ. The only thing I’d worry about is that I’ve heard of people being contacted by lawyers because they badmouthed ACG. Is this something that a small-time eBay seller needs to worry about, or do they just go after big coin dealers?

Dan

hookooekoo · October 18, 2002 2:31AM

I would think that you could only increase the value of an ACG coin by pulling it out of the slab.

nwcs · October 18, 2002 2:33AM

<< <i>if it's only a 30.00 coin, why NOT break it out and sell raw?? >>

Might damage the coin.

Russ · October 18, 2002 2:37AM

Dan,

I wouldn't worry about ACG's sabre rattling. It's unlikely that they'd send you a nastygram and, even if they did, the threat is hollow and nothing but bluster. There are listings all over eBay telling the truth about them.

Russ, NCNE

09sVDB · October 19, 2002 6:37AM

break it out and sell it raw.

lordmarcovan · October 19, 2002 6:39AM

Ditto.

Break it out and sell it raw.

Flash · October 20, 2002 7:51AM

While I would commend you for stating your actual belief of the coins true grade, and even though I may agree with your assessment, I would not buy any coin from you that is in an ACG holder. By doing so I would merely be enabling them to remain in business. If people would stop buying coins in ACG slabs then sellers would find it disadvantatious to acquire them. If enough people stop trying to sell them, then fewer and fewer people would find it worth their while to submit to ACG. Eventually, Accugrade would go out of business. Of course I realize this is a pipe dream, but by not buying coins in ACG slabs I feel I'm doing my little part for the betterment of the hobby.

Dog97 · October 20, 2002 8:21AM

I sure wouldn't want you guys to catch me selling ACG coins so I would crack it before I sold it.
If I had one for sale.

wingedliberty · October 20, 2002 8:53AM

Truthfully, I would never end up with an ACG coin, but if by some incident I did, I would either crack
it out and sell it raw, or if it was worth it, cross it to a real grading service. I agree with those who
do not deal with those who deal in ACG. ACG is a plague upon the hobby.

Brian.

Android · October 20, 2002 9:05AM

I wouldn't think twice. Release it from its tomb!

Andy

kranky · October 20, 2002 9:08AM

<< <i>Kranky,

What seller/listing was the strong Anti-ACG thing in? >>

I tried to find it again didn't have any luck. It was a Franklin half, I think. Even looked through my browser history but can't find it. I got the impression the ACG comments were aimed at dealers.

fcloud · October 20, 2002 9:13AM

I'd take photos of the obverse and reverse without the holder. State the accurate grade, and inform them that it is in a AGC holder that is marked with a different, inaccurate grade. Offer to remove it from the holder or leave it in--what ever the buyer would like.

stujoe · October 20, 2002 10:03AM

relayer · October 20, 2002 10:28AM

I'd picture the coin next to the broken up pieces of plastic that used to be the ACG holder it was in.

ursabear · October 20, 2002 11:38AM

I like fcloud's idea. Offer to remove it for them if they wish.

Otherwise, leave it in the holder for protection during shipping, give your honest opinion on the grade, include a good scan/photograph, and sell it as is.

robertpr · October 20, 2002 11:38AM

I've been tossing about the idea of buying a bunch of really cheap coins in ACG plastic just so I can have a bust out party.

Twowood · October 21, 2002 8:09PM

If you're uncomfortable with it, why not get it re-graded? Period! Twowood

IrishMike · October 21, 2002 8:25PM

The seller you are referring to is Iras4. He currently has 2 1856 flyers listed for sale. He specializes in 1922 no D cents, 55 DD's and was man of the year for some coin organization. He typically sells high quality coins and currency.

michael · October 24, 2002 1:43PM

if i wanted to sell an acg slab i would sell it for a sum that many buyers would fight over to get the coin and make sure i buy it for less than that sum

sincerely michael

BillJones · October 24, 2002 1:53PM

I've owned one ACG coin in my life. I took it in trade from a customer as part of a deal. It was an 1851 silver three cent piece. ACG called it AU-58. I graded it AU-50. It was a nice original coin. I wholesaled it to another dealer, and that was the end of it.

I don't think I would take another one unless a costomer twisted my arm really hard. Then I'd have to crack it out and sell it raw.

Viper · October 24, 2002 2:10PM

Since everyone knows how lousy it is to have a coin in that holder, crack it out so it is one less slab on the market.

IMO keeping it in there only degrades the value and makes me suspicious period regardless of the value.

Suppose you wanted to sell an ACG slabbed coin...

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