03-18-2014 10:17 AM
OK. I know (now) that INB grades aren't reliable. But, I took a flyer and bought a lot of 100 slabbed coins for $200 that are "graded" by INB.
My real question is:
Would it be better to:
- Keep them slabbed and tagged and sell them as INB graded?
- Keep them slabbed and remove the INB grading label (if possible without destroying the slab) and sell them as ungraded?
or- Remove them from the slabs and sell them as loose coins?
I haven't received them yet, so I don't know how hard it would be to remove the label or unslab them.
Also, I'm just getting started in this, and was unaware of INB's reputation when I bought them, but have learned a lot from this community discussion!
Thanks for any insight you can provide.
08-11-2019 05:53 AM
Use them to practice your grading skills. Take them to a show and compare them to the same coin from NGC and PCGS. If the coin appears to match the NGC or PCGS version and is graded within a point or two either way, keep it. If the coin is clearly not graded correctly (I guess it will be over-graded more than under-graded) then do with it what you think is best. I would say depending on the coin and the rarity submit it for grading to see what it actually grades if somewhat valuable. If it is just a common date, high mintage, recently minted coin - spend it! For example, I have searched 30 rolls of nickels from two banks in my home town and have yet to find a 2009 nickel! I have had no luck in change nor in the rolls. They minted several million of the normal circulation coins plus ones with a satin finish. I thought I would find one by now but apparently they are being hoarded! If you have a 2009 United States nickel - you may want to submit it if high grade or raw sell it if a lower grade.
08-12-2019 12:46 PM
A G@@gle search does not yield their web-site, only a lot of chatter about their grading. Maybe doing business by another moniker these days. I believe their slabs snapped together.
"When in doubt, bust 'em out!"
(I think that phrase was coined by I-Hate-Slabs, a former poster here on the C&PM from the state of Washington.)
08-12-2019 01:58 PM
@b-17blinker wrote:A G@@gle search does not yield their web-site, only a lot of chatter about their grading. Maybe doing business by another moniker these days. I believe their slabs snapped together.
"When in doubt, bust 'em out!"
(I think that phrase was coined by I-Hate-Slabs, a former poster here on the C&PM from the state of Washington.)
they were similar to the one still in business with the two gold-colored stickers... basically pocket change with fantasy grades...