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 Replies: 16 / Views: 2,301 |
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New Member
United States
44 Posts |
every now and then I come up upon an SGS coin on ebay. most of these coins SGS grades Ms-70 when really they are probably AU or a cleaned Ms-63. If you see a coin graded MS-70 by sgs and you think its a great deal. Dont buy it. you are just wasting you're time. |
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Pillar of the Community
United States
1231 Posts |
Almost every coin SGS grades is a 70.
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Pillar of the Community
United States
1952 Posts |
pocket change put in plastic. if you have money you don't know what to do with and you want an SGS coin just send them your money and don't worry about getting the coin it is junk anyway. I warn all the ebayer newbies that bid on them I have been doing it for about 4 years now no one has reported me yet except that nimrod with the abon name lol go figure
Gary
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Pillar of the Community
United States
936 Posts |
Like Gary said, and to add they sell them and slab them, 2 things that should never be the same.
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Bedrock of the Community
United States
14454 Posts |
gotta worry about another ebayer with the name "S"teves "G"ift "S"hop that sells SGS slabs also (who figures). He claims just because the first letters of his nick spells out SGS doesn't mean he is aboncom or the one behind the SGS grading company
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Pillar of the Community
United States
2443 Posts |
SGS is a carp "grading company" (I wouldn't even call them that) who's sole purpose is to make money off of new collectors. They should be avoided 100%!
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Valued Member
United States
74 Posts |
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Pillar of the Community
United States
1952 Posts |
I think I read somewhere that Steve and ABON are brothers or son and father. I cant prove it though so it is just speculation now. but when I got banned from bidding on Abon's coins I was also banned from Steve's auction. lol tell you anything?
Gary
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Pillar of the Community
United States
2443 Posts |
LOL, do they really think they were doing you a disservice from banning you from their auctions?
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Pillar of the Community
United States
2269 Posts |
I think SGS stands for Star Grading Service.
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Bedrock of the Community
United States
14454 Posts |
they are just doing what other dealers have been doing for years, they have just taken it to the next level of crookedness. A dealer used to put a VF coin in a 2x2 and call it AU and unsuspecting collectors beleive the 2x2 because they couldn't grade, they are using the same techniques except they are going after the people that have grown to believe what the plastic says instead of the 2x2 and they are using the trust that real TPG companies have earned against new unsuspecting collectors who see it in a big plastic holder with a grade on it and automatically think that since the plastic says its that grade then it must be, not knowing they are just dealers putting in their own inventory in the plastic holders and they are the graders them self and not some other third party who has no interest in the coin what so ever. I am in no means saying I agree with their tactics and would love nothing more than to see them and all the other self slabbing companies go away but as long as people beleive the plastic and don't learn to grade they will always have customers willing to pay them high prices for what a veteran collector wouldn't carry around as a pocket piece |
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Valued Member
United States
74 Posts |
so you all say stay away from sgs? that's the impression I'm getting by reading the responses.
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Pillar of the Community
United States
2269 Posts |
I would stick with PCGS, NGC, ICG, and ANACS. These are well established and professional grading companies.
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Bedrock of the Community
United States
14454 Posts |
quote:
so you all say stay away from sgs? that's the impression I'm getting by reading the responses.
If you know how to grade then by all means if the price is right bid according to what grade you think it is, just don't rely on the plastic to give a honest representation of the coin inside |
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Valued Member
United States
74 Posts |
thanks for info for the most part I haven't bought anything from any of these companies but I did get some cents that where graded but Littletons.
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Pillar of the Community
United States
2540 Posts |
SGS has never seen a coin that they didn't love.
(SGS= Sucky Grading Serviceless).
Edited by TreasHunt
08/28/2007 2:33 pm
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Replies: 16 / Views: 2,301 |
Posted 08/26/2007 6:30 pm
