What does "Photo Seal" mean?

SkyMan

I realize that Rick Snow puts "Photo Seal" on various of the cents that he has owned. What exactly does it mean?

BECOKA

My interpretation is that he thinks the coin is accurately graded and has decent eye appeal for the grade.

My understanding is his tolerance for a grade is a bit tighter than the grading companies.

Directly from his website: Rick's Website
"What is Photo Seal?
Eagle Eye Rare Coins specializes in Flying Eagle and Indian Cents. We have sold well over $1 million worth of these coins to collectors every year since our company was formed in 1993. In 1994, we decided that it would benefit collectors if we made a buy and sell market in Flying Eagle and Indian Cents. One rule of this market is that our buy price is no less that 75% of our selling price. In theory, this should work very well, but in practice, with the current available supply of NGC and PCGS certified coins (also known as slabs), it is impossible.

Not all certified coins are equal. We have seen coins that are in reality no better than MS-63's sitting in MS-66 holders. Our records prove that over 1/2 of the Flying Eagle and Indian Cents in slabs today are overgraded or just plain ugly. Even one overgraded coin in the marketplace makes a buy sell market based solely on slabs impossible. Since we see and sell more high grade Flying Eagle and Indian Cents than anyone, we were in a unique position to put our knowledge and experience to work in creating true consistency in the grading of slabs.

What we do is put a label on the plastic holder and make a plastic laminated photo certificate to accompany the coin. These Photo Seals attest that I, Rick Snow, have examined the coin and agree with the grading services opinion. It's a second opinion that carries extra benefit, because they can then be bought and sold at our market price.

RWB

It means the coin was photographed with a fur seal at the local water park.

lcoopie

I believe that the photo sealed coin is considered CAC worthy, by CAC.
if thats the right terminology.

The one I have is a great coin, IMO.

I got it before I knew what I was doing

yellowkid

<< <i>I believe that the photo sealed coin is considered CAC worthy, by CAC.
if thats the right terminology.

The one I have is a great coin, IMO.

I got it before I knew what I was doing >>



Good one! (good coins also)

SkyMan

Thanks for the info, guys!

RWB

The one I have is a great coin, IMO. I got it before I knew what I was doing .

You're very lucky! Most just get the shaft at the point.

BECOKA

<< <i>The one I have is a great coin, IMO. I got it before I knew what I was doing .

You're very lucky! Most just get the shaft at the point. >>



i.e. buying raw on ebay.

Arizonadesertrat

Snow's Photo-Sealed coins also come with a buy-back guarantee---something like a min. of 75% of the original purchase price (more, if the value appreciated in the intervening time). I have seen notations in various dealer inventories of coins accompanied by a Photo Seal card.

fc

honesty and integrity is what it means to me.
everything i wanted to know about it is plainly written on his website along
with published buy back values.

lcoopie

<< <i>The one I have is a great coin, IMO. I got it before I knew what I was doing .

You're very lucky! Most just get the shaft at the point. >>



I got some shaft also, but not from Rick

Unknown

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fc

<< <i>This buy back guarrentee , can someone please explain it in exact terms. thanks. >>



use these links:

http://www.indiancent.com/photoseal.php

http://www.indiancent.com/priceguide.php

and if you own a coin with rick's seal of approval on it he will give you at
least 75% of his own guide. Just as another poster mentioned and just as it
explains in the links above.

keep in mind that price guide is what he sells coins for too.. in that general area.
some are less, some are priced exactly that, and some are a bit more. naturally
it depends on the coin.

but please read what Rick has written and not what i recall from reading it before.

Unknown

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SilverEagles92

<< <i>

<< <i>

<< <i>This buy back guarrentee , can someone please explain it in exact terms. thanks. >>



use these links:

http://www.indiancent.com/photoseal.php

http://www.indiancent.com/priceguide.php

and if you own a coin with rick's seal of approval on it he will give you at
least 75% of his own guide. Just as another poster mentioned and just as it
explains in the links above.

keep in mind that price guide is what he sells coins for too.. in that general area.
some are less, some are priced exactly that, and some are a bit more. naturally
it depends on the coin.

but please read what Rick has written and not what i recall from reading it before. >>




OK assuming that is if he has the funds at the time! >>



Why wouldn't he? And, assuming he doesn't, I'm sure he could get another dealer to back him.

EagleEye

Yeah, we would have loved to buy the Carnton collection for at my bid for cash, but we didn't have $1 million lying around, so we had to presell most of it to get over the hump. I'm not Laura, you know.

Part of being a dealer is recognizing that you can't buy everything.

Barry

Since Photo Seal was first, does that mean that CAC is a Photo Seal wannabe?