Would you buy a raw coin from Heritage?

dan1ecu · June 24, 2004 1:32PM

Do they screen raw coins pretty well before they sell them or auction them off?

Dan

tjkillian · June 24, 2004 1:36PM

I bought a couple of half dollars from them. An 1838 in AU-50 came back from PCGS as AU-58 and an 1854-O as AU-50 came back as AU-58, so I was happy. They both looked uncirculated from the picture.

Tom

dan1ecu · June 24, 2004 1:39PM

That's good luck, Tom!

Peaceman · June 24, 2004 1:48PM

I saw some raw one's too up for auction... First time in a few years where I seen that... at least for Peace $.... They look overgraded by a pt to me....

ms70 · June 24, 2004 1:51PM

I'm not one to buy raw coins from anybody. But that's just me.

mrearlygold · June 24, 2004 2:01PM

Big time luck.

Tom

dbldie55 · June 24, 2004 2:28PM

I bought an error advertised as off center and VF20. Came back "Uncentered Broadstrike" and VF35.

Robgetty · June 24, 2004 2:41PM

I bought a MS61 Seated Dollar that came back from NGC as MS60 and then I couldn't
cross it to a PCGS holder. (They said that it would only go in a AU58 holder.)

I'm not buying anything that expensive raw from them again. (Though I am happy
buying slabs from them.)

mrearlygold · June 24, 2004 2:47PM

<< <i>I bought a MS61 Seated Dollar that came back from NGC as MS60 and then I couldn't
cross it to a PCGS holder. (They said that it would only go in a AU58 holder.)

I'm not buying anything that expensive raw from them again. (Though I am happy
buying slabs from them.) >>

Count your lucky stars it wasn't an overdate Standing liberty quarter in a full head holder.

Rgrds
Tom

numonebuyer · June 24, 2004 2:57PM

If the coin has any real value, then I would not buy a raw coin from Heritage or anyone else. If the coin is worth buying then it should already be certified. If it is so cheap the certification is more expensive than the coin, then there really is no risk in getting burnt.

Placid · June 24, 2004 3:13PM

Only if I could return it.

ccex · June 24, 2004 3:23PM

<< <i>If the coin has any real value, then I would not buy a raw coin from Heritage or anyone else. If the coin is worth buying then it should already be certified. If it is so cheap the certification is more expensive than the coin, then there really is no risk in getting burnt. >>

If a coin is worth less than the certification fees, I'd shop at a show where dealers have USPS bins of cheap slabs to scrounge through, unless I could find the same at a local dealer or local coin club.

Does the slabbing fee and postage constitute "real value" for a coin?
I buy raw coins up to $300 if they are from a series I can grade with confidence, and ignore raw coins above $150 if minor differences in grading opinion change the resale price significantly. When I can't live without an expensive coin, I'll consider Heritage for a slabbed one. If Heritage has one raw, I know I can find good dealers elsewhere without Heritage's considerable overhead.

Would you buy a raw coin from Heritage?

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