Is it better buy graded coins or uncertified coins?

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gdurkoop
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Is it better buy graded coins or uncertified coins?

#1 Unread post by gdurkoop »

I was wondering if it makes sense to just buy modern graded and slabbed proof coins or buy directly from the US Mint and then immediately send them off to a grading service? What are the pros and cons of each decision?

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Re: Is it better buy graded coins or uncertified coins?

#2 Unread post by SensibleSal66 »

Hello and Welcome!
Member of CONECA
" All replies are my opinion based on experience"
Casual Collector 40+ years , 10 years Error coins ( still learning).

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Re: Is it better buy graded coins or uncertified coins?

#3 Unread post by Longacre »

If I'm buying a key date , special this or that , or a coin that I don't know much about I will searched out a slabbed item to be safe . But if I see a good deal and it's in a cardboard 2 x 2 I'm ok with that too.

Submitting coins to a service can be a huge gamble . Most of the slabbed coins that I own probably cost someone much more to be graded than they will ever be worth . But that is just my view of the world at the moment.

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Re: Is it better buy graded coins or uncertified coins?

#4 Unread post by Daniel »

I would buy graded examples at least a year or two after the hype has gone down.

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Re: Is it better buy graded coins or uncertified coins?

#5 Unread post by Paul »

Welcome

Keep in mind that buying a coin directly from the US mint, and then sending it off for grading… Does not necessarily mean that you will automatically receive a 70. There is a huge misconception in this subject. Please research "Die State".
C.O.N.E.C.A. Wi State Rep
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Re: Is it better buy graded coins or uncertified coins?

#6 Unread post by Earle42 »

Grading companies use nothing scientific and no verifiable standards to grade coins. The ink on the label can change if a coin is broken out and re-slabbed.

People who buy the slab and not the coin are aware of this and make sure what they buy is what they wanted. A lot of people have no clue about this and so people spend a lot of money on coins just in blind faith. And a lot have, therefore, been taken for something they thought they bought, but did not.

See the essay in my signature for yourself.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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Re: Is it better buy graded coins or uncertified coins?

#7 Unread post by Kenzo »

If buying slabbed coins I'd make darn sure they are coming from a reputable source. There are many high quality fakes...they are only going to get better and more wide spread. It's very difficult if not impossible to put a slabbed coin through all of the test to verify. Remember many fake trade dollars were struck in 90% silver. As the value of numismatic coins increase there may be fakes struck with the correct metal content.

The biggest problem I see with raw coins is buying from a picture and there are a lot of shills hawking coins on the internet.

I'm old-school...I want to hold, touch (yes, I touch my coins), smell, weigh and hear my silver dollars. Haven't tried tasting yet... 😆😜

There's no replacement for having the coin in hand.

Cheers,
Kenny

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Re: Is it better buy graded coins or uncertified coins?

#8 Unread post by Earle42 »

There's no replacement for having the coin in hand.


:thumbsup::thumbsup::thumbsup::thumbsup::thumbsup:
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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Re: Is it better buy graded coins or uncertified coins?

#9 Unread post by ?Pam »

Be very cautious when buying a coin online, as bought one that looked outstanding, only to find out when took a picture of it that it looked like it had been cleaned with a scratcher pad.

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Re: Is it better buy graded coins or uncertified coins?

#10 Unread post by Earle42 »

Buy from Daniel and other reputable dealers when you find them.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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Re: Is it better buy graded coins or uncertified coins?

#11 Unread post by ?Pam »

Thanks Earle42 but got coin talking about 20 years ago before knew about Coinhelpu

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Re: Is it better buy graded coins or uncertified coins?

#12 Unread post by Earle42 »

No time machine eh?

Need to go visit this guy... :lol:
Mr._Peabody.jpg
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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Re: Is it better buy graded coins or uncertified coins?

#13 Unread post by ?Pam »

Do you know where he is?that would be handy.

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Re: Is it better buy graded coins or uncertified coins?

#14 Unread post by Earle42 »

Off with some funky looking moose and flying squirrel I think :lol:
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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