Hard Lesson Learned
RobHB
Posts: 111
Received my grades from PCGS (in only 6 days for my 8 free submissions which I thought was a nice surprise - not!). Nothing graded as expected. All bought off of Ebay in holders from the inferior grading companies.
I bought most of these coins before I started frequenting this forum, so I really learned my lesson BEFORE I received these grades. Doesn't make me feel much better but I'm using a totally different strategy now thanks to this forum.
No matter what Laura thinks, there's a tremendous amount of expert advice here.
Thanks again.
Rob
I bought most of these coins before I started frequenting this forum, so I really learned my lesson BEFORE I received these grades. Doesn't make me feel much better but I'm using a totally different strategy now thanks to this forum.
No matter what Laura thinks, there's a tremendous amount of expert advice here.
Thanks again.
Rob
0
Comments
<< <i>Received my grades from PCGS (in only 6 days for my 8 free submissions which I thought was a nice surprise - not!). >>
Six days on a freebie submission? Cool!
Sorry they didn't grade like you wanted, but we've all been there.
1 22009007 1954-S 1C USA MS65RD (bought as MS67RD - NTC holder)
2 22009008 1951 5C USA PR66 (bought as a PR68 DCAM - PCI holder)
3 22009009 1963 25C USA PR67 (bought as a PR68 DCAM - PCI holder)
4 22009010 1962 50C USA PR64 (this was the Franklin I posted about; y'all were right, no DCAM or even CAM)
5 22009011 1935-S S$1 USA MS62 (bought raw for $76 on Ebay so did OK on this)
6 22009012 1928 S$1 USA MS62 (bought as a 64 in PCI holder)
7 22009013 1928 S$1 USA MS63 (bought as a 64 in PGS holder)
8 22009014 1928-S S$1 USA Cleaning (bought raw)
Date Received: 06/17/2005
Date Shipped: 06/23/2005
So if this was the cost of a valuable lesson learned, you got off far cheaper than a lot of other people.
BTW - Did you submit them raw or in the slabs?
<< <i>BTW - Did you submit them raw or in the slabs? >>
I cracked them all out; almost lost an eye and a finger but I finally go them out of them durn holders!
<< <i>I think it could have been a whole lot worse than it turned out -
So if this was the cost of a valuable lesson learned, you got off far cheaper than a lot of other people. >>
I guess I can't complain too much; but the drop in grades on a few of them translates into a significant drop in price ($500 to $5).
<< <i>Not a total disaster. The 35-S is worth $200. What did you pay for the 28-S's?? >>
I paid $250 for the 28-S, $600 for the 28 that graded 62 and $795 for the 28 that graded 63.
<< <i>
<< <i>Not a total disaster. The 35-S is worth $200. What did you pay for the 28-S's?? >>
I paid $250 for the 28-S, $600 for the 28 that graded 62 and $795 for the 28 that graded 63. >>
Well, could have been worse. Hopefully you will have more successes like the 35-S to make up for it.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Do you have results and/or pictures? We love results and pictures!!!! >>
apparently not
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>
<< <i>Do you have results and/or pictures? We love results and pictures!!!! >>
apparently not >>
Gotta bump your thread in the evening sometimes if you post during mid-day.
<< <i>Here are the grades:
1 22009007 1954-S 1C USA MS65RD (bought as MS67RD - NTC holder)
2 22009008 1951 5C USA PR66 (bought as a PR68 DCAM - PCI holder)
3 22009009 1963 25C USA PR67 (bought as a PR68 DCAM - PCI holder)
4 22009010 1962 50C USA PR64 (this was the Franklin I posted about; y'all were right, no DCAM or even CAM)
5 22009011 1935-S S$1 USA MS62 (bought raw for $76 on Ebay so did OK on this)
6 22009012 1928 S$1 USA MS62 (bought as a 64 in PCI holder)
7 22009013 1928 S$1 USA MS63 (bought as a 64 in PGS holder)
8 22009014 1928-S S$1 USA Cleaning (bought raw)
Date Received: 06/17/2005
Date Shipped: 06/23/2005 >>
One other thing -- this solidifies the 2 point overgrading rule of thumb for third world slabs!! And, of course, CAM/DCAM in a third world holder means No-CAM at PCGS!!
now i know why that cameo guy sells pci
<< <i>I think it could have been a whole lot worse than it turned out -
So if this was the cost of a valuable lesson learned, you got off far cheaper than a lot of other people. >>
<< <i>
<< <i>Do you have results and/or pictures? We love results and pictures!!!! >>
apparently not >>
I'll post pics this weekend when I have some more time.
Thanks.
<< <i>795 isnt bad to pay for a nice 63 28P >>
I just had delusions on some of these coins; the ones that really bother me are the PCI and NTC coins that graded down 2 with no CAM or DCAM designation. Oh well, it could have been worse, and this forum saved me from buying a lot more coins like these.
Thanks.
I needed an 8mm projector to convert some old home movies so I joined eBay and bought one.
Then I looked around to see if there was anything else I could buy and saw they had coins.
I'd been away from collecting for about 15 years and got out my 1986 Redbook as a price reference.
Slabbing had just started when I left, but I remembered there were good slabs and overgraded slabs, but I couldn't remember which were good.
I had some ACG slabs so I bid on a bunch of ACG coin auctions (from centsless). I paid $650 for about $5,000 worth of coins and when they arrived, I took them down to a local shop to cash in on my new found fortune.
The dealer offered me $80 for the lot and said "Don't buy this crap, stick with NGC and PCGS."
Having remembered how the shop I went to years ago, the guy would always lowball me when buying (plus he'd drop a grade from when he sold me the coin) so I figured the new guy was just trying to rip me off.
So I went to shop across town to find their "real" worth, and he offered me $75 and also said "Don't buy that crap".
Fortunately, centsless did take the coins back and gave me a full refund.
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