Anyone familiar with Paul Sims, Inc

Anyone familiar with Paul Sims, Inc

Post by Terry A. War » Sun, 28 Jan 1996 04:00:00



Am new to serious collecting and have seen ads for Paul Sims, Inc. in all
the major publications and am just wondering if anyone is familiar with
them. Prices for "Premium Quality Brilliant Uncirculated" pieces seem to
fall below Red Book MS-60 prices.

ANy experiences with this company?  Thanks!

--

"If you shoot yourself in the foot,
don't ask me to help you tie your shoes."

 
 
 

Anyone familiar with Paul Sims, Inc

Post by Terry A. War » Sun, 28 Jan 1996 04:00:00


Am new to serious collecting and have seen ads for Paul Sims, Inc. in all
the major publications and am just wondering if anyone is familiar with
them. Prices for "Premium Quality Brilliant Uncirculated" pieces seem to
fall below Red Book MS-60 prices.

ANy experiences with this company?  Thanks!

--

"If you shoot yourself in the foot,
don't ask me to help you tie your shoes."

 
 
 

Anyone familiar with Paul Sims, Inc

Post by JSTONE93 » Sun, 28 Jan 1996 04:00:00


I have never done business with Paul Sims but I have seen those ads also.
The best way to evaluate these vague grading terms like premium quality
brilliant uncirculated is to do just what you did and see how the prices
asked compare to the mint state grading system and come to your own
conclusions as to whether the grade of the coin is worth the price being
asked.  John S.  
 
 
 

Anyone familiar with Paul Sims, Inc

Post by Timothy Wils » Mon, 29 Jan 1996 04:00:00


This post probably won't help with the question of the quality of the
grading system, but I live in Richmond, VA. Paul Sims, Inc. has been
around the Richmond area for a long time (at least ten years that I
know of). The owners have a very good reputation in the community.
Their headquarters are on Broad Street right near my office. I know
that community support and reputation of the owners in the community
doesn't account for everything, but if it helps, than I haven't wasted
bandwidth.


Quote:
>I have never done business with Paul Sims but I have seen those ads also.
>The best way to evaluate these vague grading terms like premium quality
>brilliant uncirculated is to do just what you did and see how the prices
>asked compare to the mint state grading system and come to your own
>conclusions as to whether the grade of the coin is worth the price being
>asked.  John S.  

-------------------------------------

Phi Sigma Kappa Chi Hexaton Alumni
Date: 05/08/95  Time: 08:27:27
-------------------------------------
 
 
 

Anyone familiar with Paul Sims, Inc

Post by Roxanne Goldber » Mon, 29 Jan 1996 04:00:00



Quote:

>Am new to serious collecting and have seen ads for Paul Sims, Inc. in
all
>the major publications and am just wondering if anyone is familiar
with
>them. Prices for "Premium Quality Brilliant Uncirculated" pieces seem
to
>fall below Red Book MS-60 prices.

>ANy experiences with this company?  Thanks!

>--

>"If you shoot yourself in the foot,
>don't ask me to help you tie your shoes."

>I'd be careful about buying "bargain" coins.  I've been burned for a

lot of money by buying "bargain" coins.  Every last one was sold by me
at a substantial loss.  Any mail order dealer can be a problem.  I have
had more than my share of problems.  Caveat emptor.  You get what you
pay for, sometimes less.  Good luck.  Have a good night.
                               Roxanne

--
          ########################################################
      Roxanne Goldberg, CPA         Tax topic pages:
      P.O. Box 0116             http://www.telesphere.com/ts/rgcpa
      Wyncote, Pa.  19095-0116  http://www.mindspring.com/~maia/c56.html
      (fast snail mail address) http://www.geopages.com/CapitolHill/1099
       Member ANA, BCCS, EAC, ICTA, JRCS, PAN, and, of course PICPA.
            Internal Revenue Code can be very complex to interpret.
                CPAs are very handy to have prepare your taxes.
           ########################################################

 
 
 

Anyone familiar with Paul Sims, Inc

Post by Richard Basse » Mon, 29 Jan 1996 04:00:00


I have recently placed 2 orders with Paul Sims, Inc. (a small test order
of under $100 and a larger order of about $800). I have to say that I am
very pleased and did not return anything.

I think their prices are good, grading is honest and am looking forward
to purchasing from them again.

"In the computer business, the only constant is change."

 
 
 

Anyone familiar with Paul Sims, Inc

Post by Scott Frenc » Mon, 29 Jan 1996 04:00:00


Have not heard anything either way.  I would also be interested in responses.

Thanks!

 
 
 

Anyone familiar with Paul Sims, Inc

Post by wccfg.. » Mon, 29 Jan 1996 04:00:00


 I've purchased items from them several times. They are very fast on
delivery. I've always bought things that are pretty safe, proof silver
eagles, common BU Mor-
gans, etc.  My experiences with them have been good.
 
 
 

Anyone familiar with Paul Sims, Inc

Post by p.. » Tue, 30 Jan 1996 04:00:00



Quote:
>Am new to serious collecting and have seen ads for Paul Sims, Inc. in all
>the major publications and am just wondering if anyone is familiar with
>them. Prices for "Premium Quality Brilliant Uncirculated" pieces seem to
>fall below Red Book MS-60 prices.

>ANy experiences with this company?  Thanks!

>--


I can't say I've ever bought anything from them, but you shouldn't
necessarily be suspicious because their prices are below Redbook. I believe
in most cases, you should be able to obtain your coins below Redbook. In
fact, I've bought coins at pretty much the prices Paul Sims is charging. I
don't think he'll send you any MS-64 or 65 pieces, but I'm sure the coins
will grade at least MS-60. If you're looking for generic uncirculated coins
and aren't a real stickler for high quality, he may be your answer. Try
a test order. You can always return the coins if you're not satisfied. You
might lose a couple of bucks on return postage, but at least you'll know
for sure.

Dan Pon

 
 
 

Anyone familiar with Paul Sims, Inc

Post by Christopher T. Conne » Tue, 30 Jan 1996 04:00:00


SEVERAL years ago I bought several coins from Paul Sims, Inc.  Then,
as now, he ran gorgeous display ads in CW offering attractive material
at remarkable prices.  The stuff I bought from him looked good to me
at the time, so I was a happy repeat customer for several years.

During those years I learned a lot about coin grading and coin
cleaning.  I also learned that many of the coins that I bought from
Paul Sims, Inc. had been dipped or cleaned, and that the Choice BU's I
had bought actually graded AU or XF.

I don't buy from Paul Sims Inc. any more.  The above is my experience
with this firm.  HOWEVER this does not mean that my experience is the
experience of any one else.  Also, this was many years ago, and anyone
can change.  I have no recent experience of how Paul Sims Inc. does
business these days, and my experience years ago could have been
unique. The ads from this firm are still very impressive and the
prices are very tempting and I often feel drawn to sending an order in
for the material that is advertised so well.  But, then I note which
firm placed the ad and remember my own experience and do not order.
However, he must have many happier customers if he is able to run
expensive ads for attractive coins at prices less than wholesale. . ..

--Chris

 
 
 

Anyone familiar with Paul Sims, Inc

Post by DonaldArnon » Tue, 30 Jan 1996 04:00:00


In response to Chris..message, that was the MAIN reason that I stoped
collecting coins in 1975...And happily started in World Paper Money....
now I am a Full time dealer in World Paper Money, a much more satisfying
friendly community than the coin collecting field...Many less problems,
and friends/customers worldwide....Just one man,s opinion.

Donald Arnone.
P.S. I was collecting coins since 1958!

 
 
 

Anyone familiar with Paul Sims, Inc

Post by DonaldArnon » Tue, 30 Jan 1996 04:00:00


So as to not cause confusion...my previous message RE: MAIN does not
pertain to Paul Sims....it was the problems a had overall..years ago
with the grading, then slabbing came in...just to much for me when buying
an item in the hundreds of dollars, there is always the 10-14 Day return
privilege, i realize that. I was just not that into grading the way I
graded my coins...compared to what I had purchased. I know grading is not
a science, so my choice was to just stop collecting coins. I am most
likely only one out of 500 who felt that way...so continue collecting
coins and enjoy your hobby.  
 
 
 

Anyone familiar with Paul Sims, Inc

Post by John Patterso » Tue, 30 Jan 1996 04:00:00


I just got my order of US proof sets from Sims and the delivery and
quality were great.  I was very happy.  JP
 
 
 

Anyone familiar with Paul Sims, Inc

Post by Wayne Whistl » Tue, 30 Jan 1996 04:00:00


Quote:



>>Am new to serious collecting and have seen ads for Paul Sims, Inc. in all
>>the major publications and am just wondering if anyone is familiar with
>>them. Prices for "Premium Quality Brilliant Uncirculated" pieces seem to
>>fall below Red Book MS-60 prices.

>>ANy experiences with this company?  Thanks!

>>--

>I can't say I've ever bought anything from them, but you shouldn't
>necessarily be suspicious because their prices are below Redbook. I believe
>in most cases, you should be able to obtain your coins below Redbook. In
>fact, I've bought coins at pretty much the prices Paul Sims is charging. I
>don't think he'll send you any MS-64 or 65 pieces, but I'm sure the coins
>will grade at least MS-60. If you're looking for generic uncirculated coins
>and aren't a real stickler for high quality, he may be your answer. Try
>a test order. You can always return the coins if you're not satisfied. You
>might lose a couple of bucks on return postage, but at least you'll know
>for sure.

>Dan Pon

I have purchased several Morgan dollars from Paul Sims over the past
four years.  Although I have returned a couple of the coins, I have
generally found them to be fairly graded.  The "Premium Quality" grade
as proved to be better value for the money.

Wayne

 
 
 

Anyone familiar with Paul Sims, Inc

Post by crkap.. » Thu, 01 Feb 1996 04:00:00


I skip over their ads ... if it looks too good to be true, it usually is.