Fraud And Who Should Be Held Liable?

Not sure if I understand. You knowingly bought SGS graded coins and after you received them found SGS to be inferior or did you buy SGS graded coins thinking they were something else and ended up with a bait-and-switch? I am not familiar with SGS but was the auction misadvertised in any way?

Nope, your DEFINITELY not alone! Check into the return policy, live and learn. The sueing thing would not be a good idea, as discussed in a previous thread around here somewhere. If you got a good deal on the coins, and they look good for the money you paid, break em out and enjoy them!

most of the time its buyer beware and the buyer is the one who always has to do their homework before they buy any coins, if they are able to grade then thats all well and good and you can find some good bargains in bottom feeder slabs like SGS but its definately not for someone that doesn't know how to grade and are going to go with the inflated number these people put on their plastic holders. If you have a return policy then return them but if not I am sorry to say there isn't a lot that can be done

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.