With all that is written in this forum, why would you do it. The only way you can possibly win in the third world grading games is when you can see the coins in person and cherry pick. The odds are so stacked against you here that I'm afraid you are getting royally screwed.
<< <i>With all that is written in this forum, why would you do it. The only way you can possibly win in the third world grading games is when you can see the coins in person and cherry pick. The odds are so stacked against you here that I'm afraid you are getting royally screwed. >>
Tell me what I'm missing. How is if that I'm getting screwed?
Consider this: As a general rule NTC overgrades by at least two points vs PCGS/NCG. I've seen NTC MS65s that are AU. I have seen problem coins in NTC holders without the problem noted. Basically, IMO buying NTC holdered coins is the equivelent of buying raw coins from an unscrupulous dealer. NTC provides no service to the buyer whatsoever. The pupose of these third world graders is to provide slime ball dealers a vehicle to screw the average collector by making you believe you are getting professionally graded problem free coins. I assure you that is not the case. You just purchased 4 coins based upon a NTC label and as typical of NTC auctions the pictures provided are no help in seeing what the coins really look like. I strongly recommend that you don't send money and take the negative feedback. You will undoubtedly come out ahead.
If I were rich, I would love to make a study of this auction for you. Buy the lot, crack and send to PCGS, and see what the total PCGS value is after reholdering (for the coins which are not bagged). I bet anything you would, as someone else said, end up with a few coins worth $30 each, and maybe a no-grade or two.
NTC coins should be looked at as suspect raw coins, there is a reason why the coin is not in a legitimate tpg holder, but if you see a so called deal look at the coin and buy the coin not the holder ignore what they grade compleatly, just keep in mind the ntc slab actually make most coins worth less then if they were raw.
Agree with the majoity of the posts here ... a gamble, at best ... also, remember, that which has been posted here quite a few times ... buy the coin, not the holder ... (especially if the holder is NOT PCGS or NGC) ...
Serious Question: If the coins were legitimate MS65 quality (worth about $125 each), then why would the seller put them into holders that sell for less than $60 each?
Obvious Answer: Because, as those of us who have played this game already know, the coins are probably MS63 quality at best and worth $35 each at most.
My Point: There are no free lunches when you combine Third World 'grading' companies and the coin dealers who sell them.
Well, if you're OK with paying a few bucks in shipping to see the coins and send them back, I guess that could be educational.
Let us know how it turns out after you get the coins.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Comments
Tom
<< <i>Common date, assumed that they are cleaned AU's. Worth maybe $30.00, no where near the asking price. I would not do it.
Tom >>
NTC wouldnt have picked up if they are cleaned? and they are graded NTC MS-65
<< <i>With all that is written in this forum, why would you do it. The only way you can possibly win in the third world grading games is when you can see the coins in person and cherry pick. The odds are so stacked against you here that I'm afraid you are getting royally screwed. >>
Tell me what I'm missing. How is if that I'm getting screwed?
Consider this: As a general rule NTC overgrades by at least two points vs PCGS/NCG. I've seen NTC MS65s that are AU. I have seen problem coins in NTC holders without the problem noted. Basically, IMO buying NTC holdered coins is the equivelent of buying raw coins from an unscrupulous dealer. NTC provides no service to the buyer whatsoever. The pupose of these third world graders is to provide slime ball dealers a vehicle to screw the average collector by making you believe you are getting professionally graded problem free coins. I assure you that is not the case. You just purchased 4 coins based upon a NTC label and as typical of NTC auctions the pictures provided are no help in seeing what the coins really look like. I strongly recommend that you don't send money and take the negative feedback. You will undoubtedly come out ahead.
well... you shouldnt have to
-and you just got burned.
Big time.
-Ron
you will be happy happy in the long run.
I love Ike dollars and all other dollar series !!!
I also love Major Circulation Strike Type Sets, clad Washingtons ('65 to '98) and key date coins !!!!!
If ignorance is bliss, shouldn't we have more happy people ??
The answer is NO
(I didn't look at the link, I just read NTC)
My posts viewed
since 8/1/6
If the coins were legitimate MS65 quality (worth about $125 each), then why would the seller put them into holders that sell for less than $60 each?
Obvious Answer:
Because, as those of us who have played this game already know, the coins are probably MS63 quality at best and worth $35 each at most.
My Point:
There are no free lunches when you combine Third World 'grading' companies and the coin dealers who sell them.
Let us know how it turns out after you get the coins.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.