Fraud And Who Should Be Held Liable?

ok, I purchased three coins based on the fact that they were graded as MS70@20.00 each, the auction site is AAN, I have bought from them before without any problems, when I spoke to them they said that the coins were sold as uncirculated, but that is not what was being said on the auction the night I purchased them, they are reviewing the tapes as I am posting right now! I have no problem with buying coins I like from AAN, but if it is represented as a certain grade then they should stand behind it! Because you are paying for the grading to prevent buying a poor coin! IMOA If these were sold unslabbed and uncirculated I am sure the price would have been less! One more point, I purchased two at first but while I was paying for them, another one became available because someone couldn't pay for whatever reason,so I got the third one. The point I am getting at is the fact that all were graded MS70! I believe that it is the seller who is supposed to know what and who they are representing and if they say it is graded as xyz then they should stand behind what their selling Thanks for listening to my ranting! I'm soo angry with this SGS company that I'm making it my mission to let everyone know how bad they are in misrepresenting their graded coins

if SGS gives the coin a 70 you can almost bet its a 68 or below, I have never seen a 70 coin in a 70 SGS slab, and I have seen many many SGS 70's

Almost every grading company has a disclaimer in it. SGS has the below on their submission web site:

"Coin grading is not always consistent and, objective grading of coins is always attempted by SGS, but we can not guarantee that all risk associated with rare coin grading is eliminated. All coin grading will be done to Star Grading Service Standards."

So there is no guarantee, and one must adjust according to the reputation of the company. The auction company should provide all of the details of the object ( i.e. SGS MS-70) rather than just "MS-70". If not, maybe they would take them back when they find your objection. If they did mention the SGS, you have no chance to win a suit, as in an auction you are assumed to be bidding with full knowledge of what the value of the object is~ If it is correctly described. I suspect the auction company is reviewing tapes to see if "SGS" was mentioned or not by the auctioneer. Google SGS and read some of the articles on TPG. Best of luck in the meantime.

Jim

I saw this on TV and was gonna post for a chuckle, but no one seems to wanna play "Truth or Dare". It's a fun game, and go's like this... If you think he is telling truth; I dare you to buy.

Just live and learn, many have and will get burned. I am still waiting for the four Morgan dollars, that I bought for $100, to be worth it. I bought these in 2003.

italianruby,

You've been with us since Nov of 2007 and you didn't know SGS was not a reputable grading service? They are more than adequately covered in the TPG thread and elsewhere on the forum (just run a search on SGS to see all the dissatified customers). Unless the coins are counterfeits, you won't stand a chance in court challenging their "opinion" of grade. I can almost guarantee that your coins will not grade over MS63 by any of the reputable services. I've seen many SGS graded coins on ebay and used to laugh at the grades, now I just shake my head because innocent folks are being taken every day. You've heard some real good advice on this thread already ... buy the coin and not the slab. And I wish to formally welcome you to the "I've been taken on a coin deal club". We're all members and this forum exists to keep the membership from growing!

TLS5933 made a funny!

Nope,not one of mine. Never have bought a SGS "graded" (and I use that term loosely) coin. Nor will I ever,no matter how good of deal it is. I won't support the dealer that sells this over hyped,over graded junk. Even if you know your buying the coin at a EF price, your still supporting the seller and helping them stay in business.