These coins are very similar to the "Graded" Generic Pre-1933 Gold and Silver Coins which are referred to here. However; these pieces in particular will come as they are seen in images. “Raw” refers to “un-graded” product. These coins have not been graded by PCGS or NGC and will come loose in individual flips or tubes, depending on quantity. These coins will be guaranteed “Genuine” by LBCAC as well as guaranteed in “condition quality” whether it is (VF)- Very Fine through (BU) - Brilliant Uncirculated. Generally speaking, depending on coin types, you may get a little more “bang for your buck” this way, but not always. Ask LBCAC what we currently recommend for best value on Raw Coins at all times!!