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1798 Silver US Dollar.

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Pillar of the Community
United States
2669 Posts
 Posted 01/01/2009  12:37 am  Show Profile   Bookmark this reply Add xshift to your friends list
Seriously.. tell us how you really feel!

But all joking aside, any coin in an SGS slab is more likely to be looked upon as fake (even vilified!) or not worthy in ANY manner because of SGS's reputation. SuperDave was very blunt, but it's a point worth taking now before it costs you more money later.

We're all about learning here, and believe me.. we've learned this one. We can only try to pass it on and hope nobody else loses money to that.. 'company'.

Pillar of the Community
United States
2669 Posts
 Posted 01/01/2009  12:41 am  Show Profile   Bookmark this reply Add xshift to your friends list
And jbuck..



Quote:
I have to admit, I would probably pay $3 for a fake just to have one


Me too! But I can only hope I know it's one before I buy.. at least I'd be like the cat that runs smack into the sliding glass door.. "I knew that was there, I knew that was there.. I was just testing, man!"
Pillar of the Community
United States
1415 Posts
 Posted 01/01/2009  06:39 am  Show Profile   Bookmark this reply Add wwhitman to your friends list
Isiah,

There are instructions on how to upload pics to this site.
Just make sure that their size is less than 100K.

Original coin is still fake

Would love to see yours!
New Member
United States
35 Posts
 Posted 01/01/2009  07:58 am  Show Profile   Bookmark this reply Add Isaiah to your friends list
I'll try to get pictures up.
New Member
United States
35 Posts
 Posted 01/01/2009  08:00 am  Show Profile   Bookmark this reply Add Isaiah to your friends list
Also, I was quite aware of the bad reputation that SGS had. I have been a repeat customer at their ebay store (aboncom) purchasing things such as an authentic MS 60 racketeer gold plated nickel, and a Proof 70 Dolley Madison Silver dollar.
Bedrock of the Community
United States
14454 Posts
 Posted 01/01/2009  4:45 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list

Quote:
and a Proof 70 Dolley Madison Silver dollar.

thats probably a PF-68 if it was graded correctly. I have seen many of their 70's with marks on them that would stop them from even being a 69 with the top tiered graders. But if you want to keep wasting your money you go right ahead but don't expect knowledgeable collectors like we have here on this forum to follow suit because we all know you will be the one left out in the cold when it comes time to cash in all your "SGS Treasures"
New Member
United States
35 Posts
 Posted 01/01/2009  4:50 pm  Show Profile   Bookmark this reply Add Isaiah to your friends list
actually Bryan, I am a collector, not an investor so I couldn't care less what you or anyone else were to offer for them, they will not be "cashed in", they will be kept for my collection, also I'll post the auction photos of that Proof 70 silver dollar, then you will, see how stunning and beautiful it is.
New Member
United States
35 Posts
 Posted 01/01/2009  4:54 pm  Show Profile   Bookmark this reply Add Isaiah to your friends list
I can't figure out how to post pictures, so here's the link to the auction of the exact silver dollar I won.

http://cgi.ebay.com/1999-P-PERFECT-...AR_W0QQitemZ300280157053QQihZ020QQcategoryZ41108QQtcZphotoQQcmdZViewItemQQ_trksidZp1713.m153.l1262
Pillar of the Community
United States
615 Posts
 Posted 01/01/2009  5:03 pm  Show Profile   Bookmark this reply Add HippieOutcast to your friends list
Not really my place to say this but:

This is going to a bad place fast. The overall feelings on SGS have been said. He has stated his feelings on them as well. If he wishes to keep purchasing them, that is his decision, and I also feel he should not be ridiculed based on his opinion.

My $0.02
New Member
United States
35 Posts
 Posted 01/01/2009  5:12 pm  Show Profile   Bookmark this reply Add Isaiah to your friends list
Impressive coin, is it not?
Bedrock of the Community
United States
14454 Posts
 Posted 01/01/2009  5:16 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I am not an investor either, but I do plan on leaving my collection to someone in my family and I would like them to be able to cash them in if they needed to if they decide the hobby isn't for them. I never said you shouldn't collect what ever you want I am just saying don't expect for others on this forum to follow suit. I just don't understand why someone would pay money for a PF-70 that probably is a PF-68 when they can get a PF-69 from a reputable company for about the same amount of money and it hold its value for their family in the future if something was to happen.

You are clear and free to purchase what you want and no one will ever fault you for that but trying to come here and say how great this company is when we all know different is totally different. We have new members here and when they see another member praise a company they start to think this company can be trusted and thats the knowledgeable collectors responsibility to make sure those new members know that what is being said isn't totally fact and even though one person may be happy with the coins in those slabs most of the hobby isn't and wouldn't touch them if ever there is a time they have to sale.

If you have been around forums very long you would know we have had to break some peoples hearts who thought they were left a small fortune in coins when they have high graded coins in no name slabs and we have to be the one who tells them that they basically have pocket change in a fancy holder and break their hearts and leaves a bad taste in their mouth and turns them away from the hobby because they have been told one thing by someone close to them maybe for many years and when time comes to cash in on what they have been told they find out its not what they have been told, now who do you think that they want to believe, the person close to them or the person on a forum they just met (even though the person on the forum is knowledgeable and telling them the truth). We not only have to think about the collectors now, we have to think about the future numismatists as well
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United States
189673 Posts
 Posted 01/01/2009  6:14 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Me too! But I can only hope I know it's one before I buy..
Same here! This one seems like a no-brainer; but it is something like a Lincoln Cent Key Date that is going to keep me on my toes!
Pillar of the Community
United States
2669 Posts
 Posted 01/01/2009  7:36 pm  Show Profile   Bookmark this reply Add xshift to your friends list

Quote:
We not only have to think about the collectors now, we have to think about the future numismatists as well


Well said, Bryan..


Quote:
Not really my place to say this but:


Of course it is..


Quote:
should not be ridiculed based on his opinion


Nor was that meant.. we just want to make sure collectors understand about slabbers like this. Sure, there are deals to be had from their auctions, just like everywhere else, just as long as the person bidding understands they aren't getting a reputable company's grading service like they would normally get with NGC or PCGS. (And even with those company's slabs, you should grade that coin yourself and not just buy it because it's slabbed by them!) Just like Bryan said.. having to tell someone their 'fortune' is pocket change (whether that person bought it themselves or inherited it) breaks both their heart and ours, so any opportunity we get to mentor, we take it. No ridicule intended or implied.
Pillar of the Community
United States
615 Posts
 Posted 01/01/2009  7:40 pm  Show Profile   Bookmark this reply Add HippieOutcast to your friends list
I agree, I was not accusing anyone of doing such, but it looked to me that we were headed that way... =/

That being said, I do take your side on everything regarding SGS...
Edited by HippieOutcast
01/01/2009 7:40 pm
Pillar of the Community
United States
3294 Posts
 Posted 01/02/2009  10:16 am  Show Profile   Bookmark this reply Add nod2003 to your friends list
I had a friend buy some SGS coins. They were listed at MS-67, but were XF-40 at best. He only paid about 10% over silver price for them though so not a big problem there.
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