I hope you, the visitor of this web page, found this website before you purchased a graded coin at ebay or any other online venue. If not, don't despair, because here you will find all the information you need to buy graded coins without getting ripped off. It's better to learn this information now than never.
Ebay is only one of many websites that contain coin auctions or coins for sale in holders with an assigned grade. It's also apparent that uninformed collectors assume that a coin in a holder is authentic and graded appropriately, but such is not always the case.
It doesn't take a degree or training to buy coin holders, create the labels of your choice and encase coins inside. Furthermore, if you know how much coins are worth in different grades than you would be able to grade any coin, a grade of your choice, for the most profit. However, it doesn't stop there as many decide that can pass-off cleaned coins as problem free, or fake coins as authentic. If that's not enough, some have chosen to fake holders from the most respected grading services like PCGS and NGC.
So, I hope each visitor takes heed to the information contained in these web pages and buys graded coins accordingly.
"GSA (Government Services Administration) Arguably the first group to "slab" coins. During the period when the GSA was processing the 3.4 million silver dollars from the Treasury hoard they separated them into four different groups. Each of these groups was placed into a different style of holder. These are found in one pliofilm and three types of hard plastic slabs. All holdered in approximately 1972."
Most of the coins in these holders where Morgan Dollars from the Carson City Mint, but a few where from other mints, and even fewer where Peace Dollars. However, most of the Peace and "Non-CC" Morgans where placed in the pliofilm, soft-pack. All the coins in these holders where MS60 or above, but none where graded as such.
The example above is graded by NGC.
GSA GOVERNMENT SERVICE ADMINISTRATION