Nutmeg Coin

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  1. What are the best remedies for dealing with currency sellers who hold themselves out as experts and then will not stand behind what they sell? You buy notes trusting the expertise of a dealer and each of the notes grades significantly below what they claim them to be at PCGS currency or PMG. This is a major consumer rights issue. What do you do in cases like this? PCGS and PMG are supposed to protect us against inaccurate and loose grading, but with uncertified notes what steps do you take to support your rights?
  2. No magic with that one IMO. You have to think who will be the end collector for it? If it were collectible at all chances are it would be in Europe.
  3. You could try the PCGS currency forums, also Coin Talk has some active CSA collectors. Or you could research the Heritage auctions archives or download Track and Price for a 30 day free trial which may cover these.
  4. I sold this CGA Fine 15 recently: I'm not sure if it would cross, but it had no pinholes, the paper was not bad for grade, etc..
  5. I'm not sure what level of competence there is on non-PMG/PCGS currency grading, with the leading two there are some minor differences and though I am an authorized dealer with both I don't want to risk an "apparent" which I regard as lousy nomenclature. On the others are they using standing grading techniques and devices? How many graders are agreeing??
  6. Or if you read the PCGS currency forums they are equally critical of PMG for various well founded reasons. Not sure where the truth lies, but do your own research.
  7. Not unusual; summer vacations or shows slow down the process.
  8. AU at best; you can't put the genie back in the bottle. Once folded always so.
  9. You could use an l.e.d. light behind the note looking for wear related issues comparing with honest online images. On the return challenge, express submissions usually come back in a few days; and I use corporate express usps so I get the graded notes back the next day. I would ask dealers about their standards and guarantees.
  10. You can always make offers to the major dealers that they may well accept if they have had the items in inventory for a long time. I had a rarer 1882 $20 gold note the Fr.#1176 in a PMG VF25 net holder that one of the shill sellers was able to get into a PCGS VF35 holder after being "restored." I sold it for a little over $4K, he sold it for $18.5K! That's the game. Big shot seller, collectors who don't do their research or are afraid to get tough with the con artists.
  11. Compare to Don Kelly's inventory or Tom Denly:[inventory%20-%20Large%20Type]
  12. Isn't there a rule on ebay that you can't list ungraded notes for $2500 or more? Or does that only apply for buy it nows? At any rate, typical con at work, probably. Some do it with shill bidders, others with who knows what methods to try to palm off problems on others and it undermines the hobby.
  13. I have had the problem on both PMG and NGC holders where I haven't had the problem with other company holders, too heat sensitive. Must be the plastics used.
  14. Or buy directly at auction from companies like Lynn Knight, SB or Heritage. Lynn Knight just had several auctions where many quality pieces went cheaper than expected, and that is how you can get real deals. Or have one of the leading currency dealers put the notes you are looking for on their watch list and notify you with matches as they present themselves. Many dealers will also work on a 10% or so margin if they bid on something you want.
  15. There are too many good, reputable dealers to waste money, aggravation and energy on those who don't play by the rules. Of course people can find exceptions in terms of standards of grading which proves nothing. Grading services offer a guarantee. This dealer apparently doesn't offer any type of guarantee, just his word which is terribly biased. There are a lot of sellers like that selling problem raw material relying on suckers to fuel their business. Unethical business practices are why we have lots of legal recourse in the US, in the states and through other regulatory agencies that need to be alerted or they won't do their jobs. I would also report the seller and link the report with as much evidence as you can provide. Dealers like Mr. Lindquist, Don Kelly, Tom Denly and others who are member of paper money organizations would never play games like that. One way to detect problems on notes is to use an l.e.d. flashlight in a darker than usual room from behind the note.