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Coin Grading Services

July 13, 2015 by Avogadro Mole

The “morgan silver dollar” graded by the American Alliance Coin Grading Service? As far as anybody can tell, there is no such service, or at least they’re not a recognized grading service. Most “grading services”  without a website, address, phone number or email are usually “self-slabbers” who grade their own coins, sell them, and don’t accept submissions from the general public.

When a coin site says “graded by…” but doesn’t give you the grade, it’s probably barely above “good” quality, which is almost as low as one can get. The coins in the images look “proof” quality, but the fine print says

What You Get:
• 1878 Morgan Dollar in Plastic Case with Attractive Display Box

Uncirculated, 1878 Morgan Silver Dollar runs $90-$300. circulated in very fine or extra fine condition, $35-$80.

"Fine" is defined as having 50% of the image remaining. "Very Fine" has 75% of the image remaining. That’s not bright and shiny, folks. That’s dinged, dented, used.

It’s still a pretty coin, but know what you’re buying ain’t shiny.

Filed Under: Coins, Scams

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We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about.

— Charles Kingsley

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Sanity is the trademark of a weak mind. — Mark Harrold

Avogadro's Number and I go 'way back. When I first started writing in what might be considered a blog precursor, a fanzine, I called my 'zine "Avogadro's Number". Named after...[more...]
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