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 Replies: 7 / Views: 2,725 |
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Pillar of the Community
United States
887 Posts |
I know SEGS has a reputation for overgrading, and from what I understand through my reading on this and other forums, is that at their best, they were about 1 point over what PCGS/NGC/ANACS would grade the same coin at.
My question is, when were they at their best? I'm looking at two coins from a dealer I've dealt with in the past, and their both in SEGS slabs from 2008. Unfortunately, the seller is one of those that employs a photographer at minimum wage, and the photos, well... they suck (dark and really not much to see). From what I can see, the coins look decent, about the noted grades.
The coins are colonials, which are hard for me to grade anyways, so I'm hoping the SEGS grades (VF-30 and F-12) can give me a better idea on the coins' conditions.
I can get them each for about 1/8th of what the PCGS price guide outs them at, and I do realize that the PCGS PG is about 2x what they actually trade for, but that still puts them at 1/4 value (I think).
So..... was 2008 a decent year for SEGS grading?
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Pillar of the Community
United States
1812 Posts |
I've had over 100 Error Coins Certified by SEGS before 2004 & found them to be on Parr with ANACS (same with the original PCI green label slabs).
When I submitted my Avatar Coin , 2003D quadstruck cent to SEGS in late 2003, it came back MS65RED.
To compare grades, I purchased a 1998 Quadstruck Cent from Fred Weinberg that was also graded MS65RED, this one in a PCGS Slab.
I find my SEGS coin has more eye appeal.
I know that this doesn't really help you out, but unlike numerous members here that criticize SEGS, PCI, and even ANACS Slabs, I have no problems with all 3 Grading Services as they were in the majority of Dealer display cases when walking the Bourse pre-2002.
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Bedrock of the Community
13014 Posts |
If a coin is priced for 12-15% of what it would sell for in another holder and doesn't instant sell there is generally a reason for that. If it is anything but real cheap and hasn't been crossed yet where it would bring more money there is generally a reason for it. These types of purchases can look like deals on the surface but often end up being the ones that are regretted most later on.
It's one thing to try and pick slabs in series you know well and can grade well, but since you mentioned colonies are hard for you to grade do yourself a favor and stick to a first tier slab like PCGS for series you aren't good with
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Rest in Peace
United States
17900 Posts |
Consider the purchase to be for two raw coins without any numeric assignment.
Simple question - do you LOVE those coins?
If the answer yes, grab them.
If you are buying them because they are "cheap" don't.
There are more coins your dollars will find.
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Pillar of the Community
 United States
887 Posts |
Well, I need a Vermont, and wouldn't hurt to have another Conn (bust right this time), so I go them. The price was as good as I thought, as these were in an auction, and historically, the prices at this place stay way down for everything except bullion. As an example, an 1876 Trade Proof, PCGS PF63 went for $2,100, and a '37 NGC PF-64 25˘ for $200. In any case, here they are in all their glory.   |
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Bedrock of the Community
United States
17884 Posts |
Depending on what you paid you probably did OK. The coins have detail grades and the problem is listed, one benefit is that the attributions are almost certainly accurate, something you couldn't count on from the top two services.
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Pillar of the Community
 United States
4592 Posts |
Do remember that SEGS today is not SEGS previously and doesn't honor the guarantee even from just a couple years ago.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
94367 Posts |
Good input.  |
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Replies: 7 / Views: 2,725 |
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Posted 10/18/2017 06:25 am
