yes am new ,Is this for real..? my son paid $5 for both at that time i was happy.....i drop it,coin flew out...
its a 1959 but no mint mark , it says 1959-s not....
on the case it says its a 1959-s lincoln 1c full red ms69
I think what's happened here is their son bought two coins that were slabbed by the International Numismatic Bureau. They dropped at least one of the slabs and the coin came out.
I'm guessing they were both American 1 cent coins? It sounds like one was slabbed as a 1959 coin with an S mint mark, but there isn't actually a mint mark on there?
At any rate, according to what I've read the International Numismatic Bureau is a complete scam. They massively overgrade coins and sell MS69 and MS70 graded coins in way bigger quantities than they should have access to. And they don't seal their slabs properly, which is why your coin fell out so easily. Anyone can open it up, put in any coin they feel like and close it up as if it was straight from the "grader".
Luckily you didn't spend much money, don't worry about the coin getting loose the grade and casing means nothing.
Verweis : "MonaSeaclaid"I think what's happened here is their son bought two coins that were slabbed by the International Numismatic Bureau. They dropped at least one of the slabs and the coin came out.
I'm guessing they were both American 1 cent coins? It sounds like one was slabbed as a 1959 coin with an S mint mark, but there isn't actually a mint mark on there?
At any rate, according to what I've read the International Numismatic Bureau is a complete scam. They massively overgrade coins and sell MS69 and MS70 graded coins in way bigger quantities than they should have access to. And they don't seal their slabs properly, which is why your coin fell out so easily. Anyone can open it up, put in any coin they feel like and close it up as if it was straight from the "grader".
Luckily you didn't spend much money, don't worry about the coin getting loose the grade and casing means nothing.
Now that you've explained it to me, it makes sense. I agree with you, everything I've ever seen graded by International Numismatic Bureau looked funky.
Verweis : "MonaSeaclaid"I think what's happened here is their son bought two coins that were slabbed by the International Numismatic Bureau. They dropped at least one of the slabs and the coin came out.
I'm guessing they were both American 1 cent coins? It sounds like one was slabbed as a 1959 coin with an S mint mark, but there isn't actually a mint mark on there?
At any rate, according to what I've read the International Numismatic Bureau is a complete scam. They massively overgrade coins and sell MS69 and MS70 graded coins in way bigger quantities than they should have access to. And they don't seal their slabs properly, which is why your coin fell out so easily. Anyone can open it up, put in any coin they feel like and close it up as if it was straight from the "grader".
Luckily you didn't spend much money, don't worry about the coin getting loose the grade and casing means nothing.
your a Sherlock Holmes!
Taking a break from swapping for a while, but still interested in pre 1799 Spanish coins, I will make time for that!
INB are somewhat sketchy but far from the worst of the basement slabbers. You can get an idea of their notion of ethical standards from their ebay offerings. They use a variety of different account names to hustle worthless coins with fanciful back stories about finding secret hoards in hidden compartments in old grandfather clocks or even entire rooms full of "treasure" found during house renovations. No matter how many lots are sold these rooms / compartments never seem to empty. I can't decide I it's some magical reworking of the cornucopia legend or just low brow marketing aimed at low brow buyers.
The predatory business practices of the big three (PCGS, NGC & ANACS) are not much better.
If you have the misfortune to find an INB slabbed coin the best course of action is to crack it open and use the pocket change inside to buy gum or donate to the Ronald MacDonald House.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Verweis : "pnightingale"INB are somewhat sketchy but far from the worst of the basement slabbers. You can get an idea of their notion of ethical standards from their ebay offerings. They use a variety of different account names to hustle worthless coins with fanciful back stories about finding secret hoards in hidden compartments in old grandfather clocks or even entire rooms full of "treasure" found during house renovations. No matter how many lots are sold these rooms / compartments never seem to empty. I can't decide I it's some magical reworking of the cornucopia legend or just low brow marketing aimed at low brow buyers.
The predatory business practices of the big three (PCGS, NGC & ANACS) are not much better.
If you have the misfortune to find an INB slabbed coin the best course of action is to crack it open and use the pocket change inside to buy gum or donate to the Ronald MacDonald House.
Are they in business because people just get fooled into buying them? I would figured collectors would know better. I've been collecting for only two months and I even know.
What I collect: US, 3rd Reich Germany, Philippines, Ancients, Vatican City, North Korea.
