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 Replies: 20 / Views: 25,736 |
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Valued Member
United States
311 Posts |
Picked up a small batch of Walking Liberty halves off of ebay that were in slabs bearing the name "SGS Americas Grading". No grades, just date and mint mark. Hey, my first slabbed coins!  One was slabbed as a 1936 S, but was in fact a 1936 P. There's no indication that the slab was opened. But, you know... the P and S keys are real close together, and that empty space kinda looks like an S sometimes... I'm actually a little disappointed that the slabs didn't have a grade on them... I'm sure that would have been interesting. (Paid a little under melt for the coins, so I can't be too upset... just a little warning for anyone who encounters coins "graded" by this operation) |
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Pillar of the Community
United States
1429 Posts |
I have seen their "work". Seems that any coin (VF and up) is MS.
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Bedrock of the Community
United States
14454 Posts |
SGS ( ebay seller Aboncom) is notorious for bad grading, and authentication of coins. If the coins had a grade you can almost guarantee they would be graded atleast MS-66. They are notorious for over inflating grading of the coins in their holders to try and take advantage of new collectors that know nothing about grading. Aboncom is just a dealer that slabs his own inventory in SGS slabs and not a third party grader by any means. You can use the search function on this site and just put in SGS and you will see many examples of this being discussed on this forum |
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Pillar of the Community
United States
2443 Posts |
Glad you were able to pick them up for undermelt, but NEVER BUY FROM THEM AGAIN.
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New Member
United States
42 Posts |
Edited by t5j6p9
06/27/2008 7:25 pm
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Moderator
 United States
16679 Posts |
I would never send my coins to any TPG except PCGS,NGC,or ANACS. They have the most experienced graders of all the TPG services. By the way, they have been around the longest. swcoin.ecrater.com
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Pillar of the Community
United States
1429 Posts |
Sometimes its worth bidding for them given lower demand levels and breaking the slab for the coin. All is a function of grade/price. Ignore the slab label.
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Moderator
United States
16679 Posts |
I've got an idea. I am going to submit all my PCGS and NGC graded coins to SGS as crossovers. This way, I will be sure to get the most bang for my buck!
swcoin.ecrater.com
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Valued Member
United States
442 Posts |
Yikes! The first thread I read about TPGs and it's SGS. SGS should not be considered a TPG for reasons already stated. We get the dealer want lists at work all day. About a month ago Abon was looking for a lot of Silver Eagles. We had a lot so my boss called him. He was paying $2 over melt and a bit of toning was not an issue. I chose the coins personally at my bosses request. I believe it was 14 rolls. Anything that was ugly went their way. I WILL give them credit for this. They paid promptly and NO complaints about the coins. I figured as much though as a quick dip and it's instantly an MS70. This is how SGS operates. |
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Pillar of the Community
United States
764 Posts |
SGS and other similar "companies" can give you awesome deals. not all "MS70" graded coins are junk. take a close look at the coins that are being sold. although you wont find MS70 coins, there are a few 64-65. many people overlook SGS because of obvious reasons, so sometimes a $100 coin gets sold for $50 or lower.
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Valued Member
United States
442 Posts |
Littleboy,
You do have a valid point. Generally they are beyond horrible and I wouldn't even CONSIDER buying unless coin was in hand.
There are occasions when, for some strange reason, a coin is graded correctly by them and that IS the time to jump on it.
They become their own worst enemy at that point due to the reputation (or lack thereof) they have built up. Enough people know their practices so they buy low.
If I see a $100 for $50 I pick it up as well. Can't say I own an SGS slabs though.
clembo
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Rest in Peace
United States
5375 Posts |
I agree with clembo. If there's a nice date which is going for a cheap price (even when cleaned) because people don't trust anything about them, it's okay to bid. Otherwise, stay away.
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Pillar of the Community
United States
3507 Posts |
Do a search for SGS Larry Bence You'll find all you need to know about this. They are well known amongst collectors but not always known by newbies on ebay. Thanks... |
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Moderator
United States
16679 Posts |
SGS. Scam Grading Service.
swcoin.ecrater.com
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New Member
United States
3 Posts |
Thank all of you for your comments. I have bought coins from abon and as long as I disregard the sgs rating I basically like the coin. They certainly need to learn what a ms 70 actually looks like though. Most coins are ms 63 or lower, but better then a lot on ebay. I'm a newbie but that's my 2 cents worth. ***Edited by Forum Dad to remove YELLING*** |
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Pillar of the Community
United States
5632 Posts |
I have read about all these "TPG'S and enjoy this type of forum.I also have ( on ebay) obtained some "sgs" slabbed coins and over all I am satisfied with the coins.I am of the school to buy the coin not the slab.I however have had an adventure with a seller on ebay who sells almost exclusively "uscg", now this seller baited and switched the coin I received. Sometimes I learn the hard way. Check out "uscg", it is a joke for a site. The slab I received was broken open and the coin was switched. I was lucky to get a refund.The seller ( once I approached him by email) , suggested I break open the slab and take it to a coin swap meet show I go to and all vendors I saw told me at best the coin was "au". It was suppose to be MS66. THIS WAS WEEKS AGO, SINCE THEN, DAYS AGO I SAW THE SAME SELLER, WITH THE SAME COIN I BROKE OUT OF THE SLAB, SELLING IT AGAIN EVEN THE SKU # ON THE SLAB WAS THE SAME.I would like to know how people like this sell all day long and have 50+ feedbacks of returned coin for overgrading reasons still are allowed to practice this deception.Reported to the proper authorities and still sorry, their overall feedback is just good enough to allow them to still sell.I have been around and heard stories about some slick people, pulling some very slick deception and con-artistry on people and now I am one of those people who thought I was going to get what I paid for was wrong. To all concerned : Beware !! and be well, MORGANS DAD. |
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Replies: 20 / Views: 25,736 |
Posted 06/09/2008 5:27 pm
