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Does seller overgrading turn you off?

BarberianBarberian Posts: 3,649 ✭✭✭✭✭
in U.S. Coin Forum
Personally, I get really irritated and turned off by sellers who CONSTANTLY overgrade their coins by one or two grade levels. I realize the only thing I should care about is the final price but I get annoyed by dealers who cannot, or deliberately won't, grade coins properly. They aren't fooling anybody who knows how to grade that series, so why bother doing it?
3 rim nicks away from Good

Comments

  • PerryHallPerryHall Posts: 46,274 ✭✭✭✭✭
    Yes but not as much as dealer overpricing.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • PerryHallPerryHall Posts: 46,274 ✭✭✭✭✭


    << <i>Personally, I get really irritated and turned off by sellers who CONSTANTLY overgrade their coins by one or two grade levels. I realize the only thing I should care about is the final price but I get annoyed by dealers who cannot, or deliberately won't, grade coins properly. They aren't fooling anybody who knows how to grade that series, so why bother doing it? >>



    Dealers like this are what has made third party grading very popular among coin collectors that don't want to play games.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭


    << <i>Yes but not as much as dealer overpricing. >>



    image
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • SeattleSlammerSeattleSlammer Posts: 10,022 ✭✭✭✭✭


    << <i>

    << <i>Yes but not as much as dealer overpricing. >>



    image >>



    +2
  • mbogomanmbogoman Posts: 5,191 ✭✭✭✭✭


    << <i>They aren't fooling anybody who knows how to grade that series, so why bother doing it? >>



    Every day, thousands of horribly over-graded, cleaned, damaged coins are sold on Ebay and elsewhere. That's why they do it.

    BTW - it irritates me, too. I really want to scold them! image

    mbogoman

    Asesabi Lutho

    https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345
  • winkywinky Posts: 1,671 ✭
    Buy from PCGS and hope all is good. image
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>Yes but not as much as dealer overpricing. >>


    Don't they sort of go hand in hand?
    My Roosevelt Dime Registry Set
  • BarndogBarndog Posts: 20,499 ✭✭✭✭✭
    the grade doesn't really matter, the price is what matters. If coins were graded solely in dollars, it would be easier.
    JR Newsletter Online Edition
  • PerryHallPerryHall Posts: 46,274 ✭✭✭✭✭


    << <i>

    << <i>Yes but not as much as dealer overpricing. >>


    Don't they sort of go hand in hand? >>



    Yup. Some dealers will overgrade a coin to justify their overpricing of that coin. In fact, in many cases a seller can overgrade a Mint State coin by two points and sell at 10% below CDN price sheet quote for the claimed grade and still be overpricing it for the coin's real grade.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • LanLordLanLord Posts: 11,714 ✭✭✭✭✭


    << <i>the grade doesn't really matter, the price is what matters. If coins were graded solely in dollars, it would be easier. >>

    Kinda this, I was thinking I don't care what they call the grade as long as the price is in line with what it really is.

    When that doesn't happen, walk on by.

    or belly up to the bar when it's something you REALLY want.
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    Yes.
    It destroys their credibility with me and makes me tend to avoid them in the future.
    When in doubt, don't.
  • Walkerguy21DWalkerguy21D Posts: 11,482 ✭✭✭✭✭


    << <i>Some dealers will overgrade a coin to justify their overpricing of that coin. In fact, in many cases a seller can overgrade a Mint State coin by two points and sell at 10% below CDN price sheet quote for the claimed grade and still be overpricing it for the coin's real grade. >>


    This.....they brag about selling at or back of Bid, but the coins are over graded....fools the newbies and wannabes, and annoys the rest of us.

    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • BryceMBryceM Posts: 11,801 ✭✭✭✭✭
    I started thinking about grades as a market appraisal of value. That cleared up a few things for me.

    I don't often buy raw coins but when I do, I don't put any, ANY thought into the seller's grade. Honestly I don't even see it if it's on the flip.
  • crazyhounddogcrazyhounddog Posts: 13,986 ✭✭✭✭✭
    Every time!!!!!
    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>

    << <i>Personally, I get really irritated and turned off by sellers who CONSTANTLY overgrade their coins by one or two grade levels. I realize the only thing I should care about is the final price but I get annoyed by dealers who cannot, or deliberately won't, grade coins properly. They aren't fooling anybody who knows how to grade that series, so why bother doing it? >>



    Dealers like this are what has made third party grading very popular among coin collectors that don't want to play games. >>



    image also made it to where many only buy third party graded coins, but that don't always fix the problem.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • ShamikaShamika Posts: 18,781 ✭✭✭✭
    Overgrading is bad, but it's especially annoying when you actually find a piece you want for your collection and, of course, cannot afford it because of the overgrading and thus overpricing.


    Buyer and seller of vintage coin boards!
  • aclocoacloco Posts: 952 ✭✭✭
    This is a simple battle to win.

    I have a standing deal with one of my dealers when I am interested in a raw coin.

    If I believe the coin is overgraded, I offer to pay for the price of grading, at our host......IF the coin is returned in the grade he believes it is.

    If I am right, I pay a the pre-negotiated price, and the dealer pays for the grading.
    Successful BST transactions with: jp84, WaterSport, Stupid, tychojoe, Swampboy, dragon, Jkramer, savoyspecial, ajaan, tyedye, ProofCollection, Broadstruck x2, TwinTurbo, lordmarcovan, devious, bumanchu, AUandAG, Collectorcoins (2x), staircoins, messydesk, illini420, nolawyer (10x & counting), peaceman, bruggs, agentjim007, ElmerFusterpuck, WinLoseWin, RR, WaterSports, KeyLargRareCoins, LindeDad, Flatwoods, cucamongacoin, grote15, UtahCoin, NewParadigm, smokincoin, sawyerjosh x3
  • silvergoldnutsilvergoldnut Posts: 456 ✭✭
    To be honest on here I don't even bother with dealers that want to play the overgrade game. I just move on and spend my money elsewhere, and if more people just walked by that dealers table , trust me he won't be at selling coins for long, lol
  • pufferpuffer Posts: 535
    A dealer set up at a summer flea market was highly recommended to me by a NH dealer. So I did some business with him and most of the raw coins he sold came back way under his grades. Last summer I bought a piece of currency from him that was totally grade dependent and he guaranteed it would grade at least XF. It came back VF30, the folds had probably been pressed out but it looked like a nice note. So I returned it and lost shipping, express certification, etc.. You cannot have people overgrading coins and currency without suffering any loss. I have never met a dealer who agreed to take the certification cost as part of their poor grading.
  • 410a410a Posts: 1,325 ✭
    Very much so and it makes me not want to buy at any price regardless. You see it casts aspersions on everything. image
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    Naw, I've just learned to laugh at it. Sometimes its so blatant and obvious.......but obviously there are those that are taken in by such.
    Craig
    If I had it my way, stupidity would be painful!
  • ARCOARCO Posts: 4,396 ✭✭✭✭✭


    << <i>Yes.
    It destroys their credibility with me and makes me tend to avoid them in the future. >>


    Me too. I avoid such sellers.
  • BillJonesBillJones Posts: 34,116 ✭✭✭✭✭
    Seller over grading used to be a problem for before TPG become so prevalent. Now I have much more trouble with sellers who consistently by "C" legal graded coins and market them like they are "A" or "B" level coins. Whenever I see ads from certain dealer I back off and don't ask for prices the because I knew what I has doing when I say the nurse of the crime
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • RPM2RPM2 Posts: 91 ✭✭✭
    If I decide to try and sale some of my raw coins. Would I be better to grade conservative or liberal? If I were to grade conservative, would collectors be willing to pay Coin Value or PCGS prices for raw coins.
    Rob
  • AUandAGAUandAG Posts: 24,789 ✭✭✭✭✭
    I just laugh anymore when I see a VF listed as an AU Morgan....what do they think???

    bobimage

    Edited to add: Dealer overgrade by a bit.....
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • PerryHallPerryHall Posts: 46,274 ✭✭✭✭✭


    << <i>......and don't ask for prices the because I knew what I has doing when I say the nurse of the crime >>



    Huh?image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ebaybuyerebaybuyer Posts: 2,984 ✭✭✭
    I can say that ive yet to be emotionally effected by a dealers grading as some folks here. not many dealers are well versed in every series of coins, for instance, a dealer may be able to grade buffs but know nothing much at all of barbers, one of the downfalls of us all being human, no one is perfect
    regardless of how many posts I have, I don't consider myself an "expert" at anything
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Overgrading and overpricing often run hand in hand.... however, I have also seen overpriced coins in plastic. When queried, the seller would say "It will grade higher if cracked out."....I laugh and walk away....Cheers, RickO
  • BarberFanaticBarberFanatic Posts: 671 ✭✭✭✭
    My favorite part is when said dealers try to justify their deliberate overgrading by saying, "Well, grading is subjective". As if that somehow excuses their incompetence or chicanery at calling a F/VF coin an XF.

    My response to that is always, "Well, it's not an XF by anyone's grading standards but yours".
    My current coin collecting interests are: (1) British coins 1838-1970 in XF-AU-UNC, (2) silver type coins in XF-AU with that classic medium gray coloration and exceptional eye appeal.
  • CoppercolorCoppercolor Posts: 1,475 ✭✭✭


    << <i>

    << <i>Some dealers will overgrade a coin to justify their overpricing of that coin. In fact, in many cases a seller can overgrade a Mint State coin by two points and sell at 10% below CDN price sheet quote for the claimed grade and still be overpricing it for the coin's real grade. >>


    This.....they brag about selling at or back of Bid, but the coins are over graded....fools the newbies and wannabes, and annoys the rest of us. >>



    Maybe you all can help me.... one of the first books I read about numismatics referred to this tactic as either "white collar" or "blue collar" overgrading or overpricing. I can't remember which was which.

    To my recollection one term described the overgraded, "under-priced" scenario under discussion

    The other term described an undergraded coin, overpriced

    both tactics allegedly were designed to play games with the buyer and titillate their desire to "rip" a coin.

    if my memory serves me....
    I'd like my copper well done please!
  • telephoto1telephoto1 Posts: 4,922 ✭✭✭✭✭
    Turns me off almost as much as buyers who are convinced they're grading experts. image

    RIP Mom- 1932-2012
  • johnny9434johnny9434 Posts: 28,475 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Yes but not as much as dealer overpricing. >>



    image >>



    +2 >>

    +3. both are a negative. i at least inquire about it first if i know the dealer. we do make mistakes.

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