Sight unseen.
In 1986, in the midst of a dead and dying coin market full of collector resentment came PCGS and NGC. They took it upon themselves to save the coin market once and for all. Now a coin would be encapsulated with a grade.
sight unseen - Coins purchased without prior visual inspection. Collectors feel more comfortable purchasing sight unseen when coins are certified and slabbed.
sight unseen A term to indicate that the buyer of a particular numismatic item in a particular grade will pay a certain price without examining the item.
sight unseen
Unavailable for examination prior to a final purchase decision.
silver certificate
Paper money that was once redeemable for its face value in silver.
Sight Unseen - Not available for examination to a potential buyer before a purchase decision is made, as is usually the case with mail order transactions.
Silver Certificate - A note (paper money) once redeemable for its face value in silver.
Sight Unseen Auctions
Consigning coins to a sight unseen auction may also be an option. Most sight unseen auctions these days (other than some on the Internet) require you to submit only slabbed coins.
of large cents minted from 1793 to 1814 and subsequently adaped as a general grading scale shinplaster Canadian fractional banknotes sight seen Available for examination to a potential buyer before a purchase decision is made sight unseen ...
An exception to this situation are coins graded by the PCGS While they are often quoted, sight unseen in regularly published price guides, the large number of participating dealers add considerable validity to the published prices, ...
You can be more confident when purchasing a coin sight unseen or just on the basis of images. This is especially important in the age of the internet and online coin auctions.
Sight unseen bidders have a hard time unloading the fish that get tossed at their low ball bids. They in turn must price them so low that it's hard to pass them up. But just like real fish, you want to buy the choice catch, not the smelly rejects.
Officially known as 'Encapsulated Numismatic Products', slabs were intended to promote investor confidence and enable the purchase and sale of numismatic items, sight unseen. In the U.S.A.
But you shouldn't rush to collect pure gold bullion or even invest in gold bullion sight unseen with only a piece of paper as your proof.
The grading service "spawned so many different things," Hall says thoughtfully, "Pop(ulation) reports, set registries, electronic dealer trading sight unseen. All of this is possible because of what we did.
Therefore, the collector of Roosevelt dimes can order 'sight unseen' a 'VF' coin and have a reasonable idea what to expect when the coin arrives. Collectors of ancient coins don't share in this benefit.
Liberty will probably render the coin ungradable. If you were bidding on MS-65 Morgan dollars sight unseen, would you want to receive one where the first thing you notice is a half inch scratch in the center of the obverse? I didn't think so.
The grades assigned to the coins are accepted as accurate by most collectors and dealers. Because of this, slabbed coins are often traded sight unseen. A few of the major grading services, in alphabetical order, are: ...
 See also: Coin, Collector, Grade, Mint, Dollar
  
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