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3RD Party Grading Company?

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Tully Mars's Avatar
United States
13 Posts
 Posted 08/11/2007  6:31 pm Show Profile   Bookmark this topic Add Tully Mars to your friends list Get a Link to this Message Number of Subscribers
Have any of you had any experience with a new grading company calling themselves 'Numismatic Professional Grading'?
I have seen some graded slabs on one internet auction site that are just priced to good to be true, which means they probably are.
Would any of the wanna-be grading companies be grading fake Morgans?
Thanks

***Edited by Forum Dad to move to TPG forum.***
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/11/2007  6:36 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
I have seen some graded slabs on one internet auction site that are just priced to good to be true, which means they probably are.


You obviously already know everything you need to know about any " TPG" which isn't PCGS, NGC, ICG, ANACS, or SEGS.

Although there are plenty of fake Morgans on the market, even the Alphabet Slabbers are generally too smart to be slabbing them. That's a felony in the US. For the most part, they're just ridiculously overgrading real ones.
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tights24's Avatar
United States
2254 Posts
 Posted 08/15/2007  6:50 pm  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
Who is running SEGS, and how long ago did they break into the game? Same as ICG for now where they are good for authentication at a minumum, and may carry realistic grades?
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Conder101's Avatar
United States
17884 Posts
 Posted 08/16/2007  11:43 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
SEGS is owned by Larry Briggs, a top of the line Numismatist and a specialist in Liberty Seated coinage and early copper. Since most of their people are variety specialist people, SEGS tends to be better with the early classics and Varety identification than the other services, and less so with 20th century isses and moderns.

That was a VERY rare personal opinion in my case about a grading service. I don't normally say anything about the ability of the services.

SEGS began operations in late 1998, about the same time as ICG.
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Rigoletto's Avatar
United States
287 Posts
 Posted 08/16/2007  12:01 pm  Show Profile   Bookmark this reply Add Rigoletto to your friends list Get a Link to this Reply
I know a lot of people don't like SEGS but I do. You can get a great deal on a coin in a SEGS holder. I bought a properly graded 09 svdb (actually my second in a SEGS holder) for much less than a NGC or PCGS slabbed 09 svdb of the same grade. I have seen some ugly coins in the "top" grading services, that's why I always buy the coin.

The only problem will be when I go to sell it. I will get less because 90% of the so-called collectors actually collect the slab. Sorry if I pointed anyone here out.
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tights24's Avatar
United States
2254 Posts
 Posted 08/16/2007  2:40 pm  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
quote:
The only problem will be when I go to sell it.


If the margin you made on the "deal" is great enough, and your grading abilities good enough, you can always crack it out and submit to one of the top two.....May be worth it on the high priced tuff like that.
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