"So you think no dealer should be allowed to grade a coin and seal it in their own holder? "
Here one example of the problem with these slabs and how dealers confuse the unsuspecting buyer. And I am not talking about experienced collectors but the newbies that come into this hobby.
1.The dealer shows a slab that looks almost like a real PCGS slab 2. The dealer qoutes a fair market price of 1200 wihich is more that a pCGS slabbed ms62would fetch. And the Crap slab has no guarentee except for a 7 day return policy for the buyer whereas the PCGS slab has a guarentee for whomever owns it, that is why PCGS prices are what they are. 3.In spite of the fact the grade on the slab is 2 points higher that he feels it should be in his opinion , he still lists it as a ms64. WHY!?! 4. Auctions like this prey on the stupid and foolish and even worse collectors that are new to the hobby. There is only one reason the coin was shown in an overgraded , eeirely similar to pcgs slab and listed two points higher than even the seller thinks it should be. So please spare us the BS about you not being allowed to grade and slab your coins. You can slab and overgraded all coinage you get your hands on but now you can't try to pass them off as a real certified coin on ebay.
somebody needs to get a rope and string-up that Ft. Worth seller down in the stockyards, ...drag him through the stalls first so he smells real good!!!
<< <i>"So you think no dealer should be allowed to grade a coin and seal it in their own holder? "
4. Auctions like this prey on the stupid and foolish and even worse collectors that are new to the hobby. There is only one reason the coin was shown in an overgraded , eeirely similar to pcgs slab and listed two points higher than even the seller thinks it should be. So please spare us the BS about you not being allowed to grade and slab your coins. You can slab and overgraded all coinage you get your hands on but now you can't try to pass them off as a real certified coin on ebay. >>
When listing a certified coin, the coin must be certified by one of the following authorized grading companies:
Numismatic Guaranty Corporation (NGC)
Numismatic Conservation Services (NCS)
Professional Coin Grading Service (PCGS)
Independent Coin Grading (ICG)
ANACS
In addition, listings for certified coins: Must be assigned the appropriate grading attributes in each listing. Sellers must select the appropriate grading attributes within the Sell Your Item form, including "Grading Company," "Grade" and "Serial Number" provided with that grading. The listing must include an image of the item, showing the coin in its graded holder, front and back. If the coin listed is not certified by one of the above authorized grading companies, the coin is considered raw/uncertified and is subject to additional requirements for their sale.
A raw or uncertified coin is defined as any coin not graded by one of the authorized grading companies. Sellers are permitted to list these items on eBay under the following conditions: A numeric grade is not included in the title of the listing, such as MS-65, VF-25, etc. A numeric grade may only be included in the description of the listing.
The grading company or price guide is not referenced in the title or description.
A dollar value (even if personal opinion) is not included in the title or description.
Comments
Here one example of the problem with these slabs and how dealers confuse the unsuspecting buyer. And I am not talking about experienced collectors but the newbies that come into this hobby.
part of the problem
1.The dealer shows a slab that looks almost like a real PCGS slab
2. The dealer qoutes a fair market price of 1200 wihich is more that a pCGS slabbed ms62would fetch. And the Crap slab has no guarentee except for a 7 day return policy for the buyer whereas the PCGS slab has a guarentee for whomever owns it, that is why PCGS prices are what they are.
3.In spite of the fact the grade on the slab is 2 points higher that he feels it should be in his opinion , he still lists it as a ms64. WHY!?!
4. Auctions like this prey on the stupid and foolish and even worse collectors that are new to the hobby.
There is only one reason the coin was shown in an overgraded , eeirely similar to pcgs slab and listed two points higher than even the seller thinks it should be.
So please spare us the BS about you not being allowed to grade and slab your coins. You can slab and overgraded all coinage you get your hands on but now you can't try to pass them off as a real certified coin on ebay.
<< <i>"So you think no dealer should be allowed to grade a coin and seal it in their own holder? "
4. Auctions like this prey on the stupid and foolish and even worse collectors that are new to the hobby.
There is only one reason the coin was shown in an overgraded , eeirely similar to pcgs slab and listed two points higher than even the seller thinks it should be.
So please spare us the BS about you not being allowed to grade and slab your coins. You can slab and overgraded all coinage you get your hands on but now you can't try to pass them off as a real certified coin on ebay. >>
I hope that they close that loophole.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Numismatic Guaranty Corporation (NGC)
Numismatic Conservation Services (NCS)
Professional Coin Grading Service (PCGS)
Independent Coin Grading (ICG)
ANACS
In addition, listings for certified coins:
Must be assigned the appropriate grading attributes in each listing. Sellers must select the appropriate grading attributes within the Sell Your Item form, including "Grading Company," "Grade" and "Serial Number" provided with that grading.
The listing must include an image of the item, showing the coin in its graded holder, front and back.
If the coin listed is not certified by one of the above authorized grading companies, the coin is considered raw/uncertified and is subject to additional requirements for their sale.
A raw or uncertified coin is defined as any coin not graded by one of the authorized grading companies. Sellers are permitted to list these items on eBay under the following conditions:
A numeric grade is not included in the title of the listing, such as MS-65, VF-25, etc. A numeric grade may only be included in the description of the listing.
The grading company or price guide is not referenced in the title or description.
A dollar value (even if personal opinion) is not included in the title or description.
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i>So you think no dealer should be allowed to grade a coin and seal it in their own holder? >>
What "jamakin" said.
<< <i>2. The dealer qoutes a fair market price of 1200... >>
... and yet is willing to let it go for $411?