Interesting CoinRaritiesOnline article on avoiding doctored coins...
Longacre
Posts: 16,717 ✭✭✭
Here is the link: CRO
They have some good advice in the article. I particularly like the following comments, which I find interesting:
"We also favor coins in older holders. An older holder doesn’t guarantee that a coin is original, or unconserved, but it does guarantee that it wasn’t messed with recently, and given the dramatic acceleration of coin doctoring in the last few years, that's important."
and
"Take a coin you purchased from a dealer, tell him you want to sell it back and see what he offers you. The guys who believe in the coins they are selling should pay you strong money (generally 85-90% of your purchase price if you bought it recently or if the market has not changed) to get them back."
What do you think of the article?
They have some good advice in the article. I particularly like the following comments, which I find interesting:
"We also favor coins in older holders. An older holder doesn’t guarantee that a coin is original, or unconserved, but it does guarantee that it wasn’t messed with recently, and given the dramatic acceleration of coin doctoring in the last few years, that's important."
and
"Take a coin you purchased from a dealer, tell him you want to sell it back and see what he offers you. The guys who believe in the coins they are selling should pay you strong money (generally 85-90% of your purchase price if you bought it recently or if the market has not changed) to get them back."
What do you think of the article?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
Russ, NCNE
Say what?.
Who is John Galt?
Great article for those who may have missed it.
Scroll down to the July 31st 2007 entry.
cheers.
<< <i>"Take a coin you purchased from a dealer, tell him you want to sell it back and see what he offers you. The guys who believe in the coins they are selling should pay you strong money (generally 85-90% of your purchase price if you bought it recently or if the market has not changed) to get them back." >>
An article definitely worth reading. The guys at CRO are top notch. And they put their money where their mouth is...I have sold coins back to them as I was looking to upgrade or move into other areas. They've always been willing to take them back and have always offered me strong money for them.
The comment regarding the appearance of lots of doctored coins in TPG holders during the last couple of years is quite accurate, and far more disturbing than issues with overgrading. Anyone who plans on dropping 2-5x on a coin because it's wildly toned needs to be especially careful.