Does The Entire Collecting Community Now Differentiate Between...

wondercoin · November 17, 2003 4:50PM

THE GRADING SERVICES?

I was watching an auction on ebay this week for a 1954(d) Roosevelt Dime grading a perfect MS70 (ebay # 2203283535)!!! The coin was not graded by the "mainstream' grading serices. Obviously, if PCGS or NGC had graded a MS 1954(d) Roosie in perfect MS70, I can only imagine how many thousands of dollars the coin might trade at. So, what would the coin command in a non-PCGS or NGC holder these days? I continue to hear that the collecting public gets fooled every day on ebay through the purchase of overgraded coins in various grading companies' holders. So, what would someone pay for this incredible jewel offered on ebay?

Answer. $4.70.

It is interesting that the entire ebay community (including all the "fools") determined that this coin was worth just $4.70. What do you think of that price realized?

Wondercoin

hoardmonster · November 17, 2003 5:06PM

Linky

hoardmonster · November 17, 2003 5:08PM

I'm not really sure what to make of it, but I think the 353 negatives in this seller's feedback didn't help.

wondercoin · November 17, 2003 5:16PM

Hoard; That feedback is 99.2% with over 95,000 positive comments. No sure that alone affected the outcome?

Wondercoin

hoardmonster · November 17, 2003 6:03PM

Wow you are right wondercoin, 95155 positives! Anyway, I wasn't trying to imply that feedback alone was the cause, just a possible factor.

The thing is that maybe what you keep hearing about the Ebay fools isn't all that true??? Generally the Ebayers seem rather astute to me when it comes to PCGS and NGC, so then it would follow that they wouldn't be easily fooled on stuff like this.

I'm interested to hear what others think of this.

wingedliberty · November 17, 2003 8:03PM

Its a nice MS65 54D raw Roosevelt. $5 seems fair for a nice raw coin to fill a Dansco or Whitman folder.

kranky · November 17, 2003 8:57PM

Interesting point, wondercoin, but I think these "slabs" are just so cheesy that even the novices realize these aren't exactly mainstream coins.

BTW, a casual search reveals that there are currently 400 coins on ebay graded by SGS. Exactly 4 of them are not graded 70. I have to wonder, what is the point of saying you are a grading service?

dorkkarl · November 17, 2003 9:35PM

<< It is interesting that the entire ebay community (including all the "fools") determined that this coin was worth just $4.70. What do you think of that price realized? >>

i think it's more realistic then the artificially inflated prices paid for the same grade in a "name" holder.

maybe that's really all such a coin is worth in ANY holder!

K S

dorkkarl · November 17, 2003 9:37PM

i was just kidding, you know....

K S

BillJones · November 17, 2003 9:44PM

It's a reflection of the fact that coin was not graded by PCGS and therefore did not qualify for their registry. That's what drives almost all of these very high prices for modern coins, Registry one ups menship.

From the photo this looks like a dipped out, drab Mint State coin that is a long way from MS-70. That perception could be wrong since it is almost impossible to spot an MS-70 from a photo. Still, it shows that no one was really willing to "take a shot" and drive the price up to $50 or so when there was an off chance the coin could be worth hundreds or thousands to a PCGS registry fan.

Barry · November 17, 2003 9:45PM

<< i was just kidding, you know....

K S >>

No you weren't. I was thinking the same thing...

darktone · November 17, 2003 9:50PM

<< <>

what would any of these coins be worth without the registry sets? If grading services like ACG and NTC started registry sets I fear their coins would start bringing multiples of their worth also. mike

BillJones · November 17, 2003 9:52PM

Please don't give ACG any ideas.

Besides, ACG has put out too many PR and MS-70 coins. Everybody would be tied at the top of their standings!

darktone · November 17, 2003 10:00PM

<< Besides, ACG has put out too many PR and MS-70 coins. Everybody would be tied at the top of their >>

Bill there are way's around that...... all you have to do is add a * or some other designations and not only will that bring out competition it was also increase crackouts and regrades- sounds like a win-win situation to me

. mike

cladking · November 17, 2003 10:25PM

<< [] what would any of these coins be worth without the registry sets? If grading services like ACG and NTC started registry sets I fear their coins would start bringing multiples of their worth also. mike

>>

I suppose we should all just stop at one modern coin. What does anyone need more
than a '72 DDO anyway. If we aren't like Mike then we must be wrong.

Rob85635 · November 17, 2003 10:46PM

I may be a newbie, but I know a non-ms70 coin when I see it, the reverse has very obvious problems.

Rob the Newbie

darktone · November 17, 2003 10:47PM

Sorry, cladking I did not mean to upset anyone but it is my belief that the registry sets have inflated the price of many common coins and if anyone agrees with me or not is their choice- I am not telling anyone to be like me. Oh yeah I bought a 49-D jefferson a couple of weeks ago- I paid $135 for it. mike

Gilbert · November 17, 2003 10:53PM

<< I suppose we should all just stop at one modern coin. What does anyone need more than a '72 DDO anyway. If we aren't like Mike then we must be wrong. >>

Cladking,

I don't understand. I didn't read Mike's statement that way. As a matter of fact, I wonder exactly what would happen to the price of the "pop top" coins if there wasn't a registry to compete in too. That in no way infers that anyone's collecting habits or purchases are wrong.

CarlWohlforth · November 17, 2003 11:37PM

The photos are good enough that anyone can tell that coin is far from perfect. It clearly doesn't have full bands

XpipedreamR · November 17, 2003 11:44PM

To label SGS as simply "not a mainstream grading service" has got to be the understatement of the year. If any conclusion at all can be drawn from the results of this one particular auction, it would be that people are buying the coin rather that the plastic. This is good advice in any case, but particularly so in the case of these "grading services."

jcping · November 18, 2003 12:00AM

The coin is far from perfect. You could even see the contact marks on the photo. There is a major one on reverse side between leaves and flame. Also, major flaws on the N and the E (ONE) and between ONE and DIME and other places.

I believe collectors figured out the coin won't be in an PCGS MS65 holder and thus less than five bucks. This has nothing to do with the ebay feedback

One more thing with FB, a perfect coin could still be in an MS70 holder (not an MS70FB holder), IMO.

wondercoin · November 18, 2003 12:57AM

Obviously, this coin appears far from "perfect", but, consider that even a true MS68 of this coin is worth hundreds of dollars to many serious Roosie collectors out there - this date simply does not "come" above MS67 grade generally - at least the way I grade silver Roosies. So, even every newbie in the world combined- who may have figured the coin was not perfect and perhaps several points overgraded still only bid $4.70 for this coin.

I wonder if the information (and knowledge) being disseminated on the various message boards also might be having an impact on all this?

Wondercoin

melikecoins · November 18, 2003 2:01AM

Fake Fake and Fake
All the pictures are of the same rev
I have asked this guy a question before when I noticed the rev was the same for several of his dimes
He blocked me
I have seen one (BU) dime front with a proof rev

:

What you see is not what you get

Glen

mgoodm3 · November 18, 2003 2:10AM

<< 

<< Besides, ACG has put out too many PR and MS-70 coins. Everybody would be tied at the top of their >>

Bill there are way's around that...... all you have to do is add a * or some other designations and not only will that bring out competition it was also increase crackouts and regrades- sounds like a win-win situation to me

. mike >>

It would be sweet. You could have the only SGS MS-70 * FT DCAM SDD (Super-de-duper) Roosie on the SGS registry.

Russ · November 18, 2003 2:56AM

<< Does The Entire Collecting Community Now Differential Between...

THE GRADING SERVICES? >>

Isn't a "differential" a type of clutch?

In answer to what I assume was supposed to be the question:

No, they don't.

No, they don't #2.

No, they don't #3.

No, they don't #4

Even though ACG is fading away, there are still plenty of people getting screwed by sellers hawking PCI and NTC garbage.

Russ, NCNE

cjmbuffalo · November 18, 2003 4:09AM

SGS plays very loose with there grading is an under statement. Some of the sellers of there material only use one good photgraph of a coin for every coin in the auction for a particulat type. I decided to buy a couple of there "ikes" (76S) just to see what showed up at my door. THe SGS grades were MS69 & MS70. What showed up was very interesting. The 69 might make a 67 on a good grader day at PCGS and the 70 was so trashed that it wouldn't have made 63. I asked for a replacement of the 70 and they sent be a coin that would make 65. I stopped asking for replacements. This is a factory grading service and wants to catch the unsuspecting buyer. Thank god that most people can smell a scam.

Does The Entire Collecting Community Now Differentiate Between...

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