Caveat Emptor!

General discussion board about VAMs, but no buy/sell offers
Forum rules
All posts to this forum must abide by the posting rules. Continued posting to any VAMWorld forum constitutes acceptance of the rules.
Post Reply
Posts: 1091
Joined: Wed Aug 01, 2018 11:57 pm

Caveat Emptor!

Post by vamnuke » Thu Aug 02, 2018 11:09 pm

Caveat Emptor (buyer beware)

Buy the COIN, NOT the holder!

Terms we've all heard.

So, let me tell you of a big disappointment I've had , but lesson learned, so with a TWIST, SUBMITTER BEWARE!!

Bought a toned coin from auction; graded and authenticated as MS 64PL. VAM previously unknown PL; also a really scarce VAM! New top in pop! Got coin in 2016 thru major auction house for basically Grey Sheet plus juice. Life is GOOD.

Fast forward to 2018; submit coin for conservation consideration (I did not like the toning; basically butt ugly in my humble opinion). Had prior GOOD experience with ugly toned 8tf VAM 3 (sent in as UGLY MS 63 PL), came back as PRISTINE MS 63 PL. Life is GOOD.

Have had a couple of coins turned away at the CONSERVATION door and returned as-is; life is SO-SO.

Got unexpected notification that my MS64PL would be downgraded. Short story, it's coming home in a body bag equivalent; net graded, unc. details with a $$ settlement I agreed to. Coin was never conserved.


Lesson learned: Buy the COIN not the holder! Think twice before you consider conservation (a bird in the hand is worth...); you may not be happy with the end result!!! A coin MAY deteriorate over time in its TPG holder. When this coin was slabbed, conservation was not an option from the particular TPG at that time (is now). AND anytime you send a PL / PROOF coin for conservation, you are probably taking a BIG risk. It's best let sleeping dogs lie!

Life goes on; I no longer have a TOP in pop coin. :-(

And the hunt continues. Life is GOOD!

Time to move FORWARD...

Posts: 639
Joined: Thu May 31, 2018 1:07 am

Re: Caveat Emptor!

Post by Tekkie1 » Fri Aug 03, 2018 2:30 am

Sorry to hear about that coming back in a BB.

Good info and life is good , thanks.

User avatar
Posts: 925
Joined: Tue Jul 03, 2018 9:12 pm
Location: Mojave High Desert

Re: Caveat Emptor!

Post by Longstrider » Tue Aug 07, 2018 11:08 pm

Thanks for the info. That is indeed a lesson learned. Glad Life is still good, trials and all! Thanks again!

Post Reply