Rdietrick Posted September 13, 2020 Share Posted September 13, 2020 (edited) Just curious, I got an offer on ebay to buy 100 ungraded slabbed coins for $73 including shipping ad says ".......BU, Proof and circulated coins" Edited September 13, 2020 by Rdietrick Link to post Share on other sites
l.cutler Posted September 13, 2020 Share Posted September 13, 2020 I don't understand how they could be ungraded but still slabbed. Without more information definitely not, they may be 100 lincoln cents worth one cent each. Link to post Share on other sites
James_OldeTowne Posted September 13, 2020 Share Posted September 13, 2020 I'd be very cautious even though an investment of only $73 has limited loss potential. It could be a bunch of self-slabbed junk. Link to post Share on other sites
Alex in PA. Posted September 13, 2020 Share Posted September 13, 2020 (edited) 2 hours ago, l.cutler said: I don't understand how they could be ungraded but still slabbed. Without more information definitely not, they may be 100 lincoln cents worth one cent each. I call them Basement slabbers. There must be at least 50(+or-) of them on EBay. They buy empty slabs and print up their own label then put in the coin. Some of them are real creative and some do contain a nice coin. Edited September 13, 2020 by Alex in PA. kenlee47 and l.cutler 2 Link to post Share on other sites
Rdietrick Posted September 13, 2020 Author Share Posted September 13, 2020 Opinions.....take a chance hope for something decent? Link to post Share on other sites
JKK Posted September 13, 2020 Share Posted September 13, 2020 2 minutes ago, Rdietrick said: Opinions.....take a chance hope for something decent? Why would someone put something decent in a mass and sell it that cheaply? Link to post Share on other sites
l.cutler Posted September 13, 2020 Share Posted September 13, 2020 30 minutes ago, Rdietrick said: Opinions.....take a chance hope for something decent? It's your money, but I wouldn't even consider it without at least a picture or a listing of what is included. Link to post Share on other sites
Coinbuf Posted September 13, 2020 Share Posted September 13, 2020 My opinion it sounds like a waste of time and money, but its your money and time so its your call, the downside is minimal but I very much doubt there is any real upside. Link to post Share on other sites
MN1 Posted September 13, 2020 Share Posted September 13, 2020 I have a Walking Liberty just like that. Identical slab and label. Luckily part of a lot I picked up for the other coins. PCS Stamps & Coins of Norwalk, Connecticut slabs and sells those. I can tell you the Walking Liberty was definitely not uncirculated as they labeled and just VG at best. Again luckily for me it was the other coins and this was just part of the lot. Link to post Share on other sites
Alex in PA. Posted September 13, 2020 Share Posted September 13, 2020 8 minutes ago, MN1 said: I have a Walking Liberty just like that. Identical slab and label. Luckily part of a lot I picked up for the other coins. PCS Stamps & Coins of Norwalk, Connecticut slabs and sells those. I can tell you the Walking Liberty was definitely not uncirculated as they labeled and just VG at best. Again luckily for me it was the other coins and this was just part of the lot. Right. People selling coins often do those 'Basement Slab' jobs and talk about grade inflation. I would never trust a Basement Slab job. Sorry about that Liberty; one of my favorites. Link to post Share on other sites
James_OldeTowne Posted September 17, 2020 Share Posted September 17, 2020 Alex_in_PA posted a self-slab that I have no problem with at all. I see nothing wrong with selling a coin, well-protected, like that. Link to post Share on other sites
Alex in PA. Posted September 17, 2020 Share Posted September 17, 2020 6 minutes ago, James_OldeTowne said: Alex_in_PA posted a self-slab that I have no problem with at all. I see nothing wrong with selling a coin, well-protected, like that. The only problem I have with Basement Slabbers is: Honesty. Link to post Share on other sites
MN1 Posted September 29, 2020 Share Posted September 29, 2020 Exactly. I have both professionally graded coins and raw coins in flips but when I search online I just see many dishonest grades out there. ronnie stein and Alex in PA. 2 Link to post Share on other sites
NevadaS&G Posted September 30, 2020 Share Posted September 30, 2020 (edited) Here's another Shameless Self Slabber. He's sold so many bogus graded 2015 Philly's on Ebay and still going. multiple listings, sometimes he's ICGS and sometimes hes's IGCS depends on the Typo of his sticker Company Edited September 30, 2020 by NevadaS&G Link to post Share on other sites
NevadaS&G Posted September 30, 2020 Share Posted September 30, 2020 Link to post Share on other sites
Lancek Posted September 30, 2020 Share Posted September 30, 2020 (edited) NevadaS&G, I reported the seller. Kind of a coin toss on whether ebay will take action or not. You can't list a numeric grade for a coin unless it's from one of the four approved companies. ICG, ANACS, NGC or PCGS. If you look carefully he left a space between the 7 and the 0. Probably trying to avoid ebay scanning for violators. Edited September 30, 2020 by Lancek clarification NevadaS&G 1 Link to post Share on other sites
NevadaS&G Posted September 30, 2020 Share Posted September 30, 2020 (edited) Crazy, What some people will do for money Edited September 30, 2020 by NevadaS&G Link to post Share on other sites
NevadaS&G Posted September 30, 2020 Share Posted September 30, 2020 Look at this one, He doesn't even have a Sonic Sealer, 5 or 6 pieces of Strategically placed pieces of tape and Dinners Done Link to post Share on other sites
Just Bob Posted September 30, 2020 Share Posted September 30, 2020 "Individual Coin Grading Service." Well, at least he grades them one at a time. Or, maybe it means that every coin is graded by an individual (him). You are right about the listing, though. He does not actually state that the coins are graded MS70 - at least not in the title. Link to post Share on other sites
NevadaS&G Posted September 30, 2020 Share Posted September 30, 2020 (edited) What's more troubling is that He (Himself) grades the Coin, He (Himself) Slabs it and He (Himself) sends it out to a Third Party Authentication Service for Verification of Grade which just happens to be He (Himself) Edited September 30, 2020 by NevadaS&G Link to post Share on other sites
JT2 Posted September 30, 2020 Share Posted September 30, 2020 I Think this came for the Home Shopping Network?? J/K but it sounds like some of the they hawk. "LAST ONE" "Sure to Triple in price" ....... Link to post Share on other sites
