Fraud And Who Should Be Held Liable? - Page 2

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Author	Replies: 21 / Views: 2,191	Page: of 2

SeatedNut Pillar of the Community United States 2797 Posts	Posted 06/12/2008 08:15 am italianruby, You've been with us since Nov of 2007 and you didn't know SGS was not a reputable grading service? They are more than adequately covered in the TPG thread and elsewhere on the forum (just run a search on SGS to see all the dissatified customers). Unless the coins are counterfeits, you won't stand a chance in court challenging their "opinion" of grade. I can almost guarantee that your coins will not grade over MS63 by any of the reputable services. I've seen many SGS graded coins on ebay and used to laugh at the grades, now I just shake my head because innocent folks are being taken every day. You've heard some real good advice on this thread already ... buy the coin and not the slab. And I wish to formally welcome you to the "I've been taken on a coin deal club". We're all members and this forum exists to keep the membership from growing! Report this Post to the Staff
TLS5933 Pillar of the Community United States 1703 Posts	Posted 06/12/2008 10:56 am Here's an 1884 Morgan graded by SGS as MS68. This must have been minted in the years when Phili was using belt sanders to polish their coins. Report this Post to the Staff
Parklane64 Rest in Peace United States 2668 Posts	Posted 06/12/2008 3:22 pm TLS5933 made a funny! Report this Post to the Staff
COINAHOLIC Rest in Peace United States 1501 Posts	Posted 06/12/2008 4:20 pm TLS5933 Quote: Phili was using belt sanders to polish their coins. Please tell me this isn't one of yours?!?! Poor thing! Might SGS stand for "special" grading service? An Equal Opportunity institution that employs BLIND graders? Report this Post to the Staff
TLS5933 Pillar of the Community United States 1703 Posts	Posted 06/12/2008 4:53 pm Nope,not one of mine. Never have bought a SGS "graded" (and I use that term loosely) coin. Nor will I ever,no matter how good of deal it is. I won't support the dealer that sells this over hyped,over graded junk. Even if you know your buying the coin at a EF price, your still supporting the seller and helping them stay in business. Report this Post to the Staff
mfry Valued Member United States 157 Posts	Posted 06/12/2008 8:55 pm Good point, TLS5933 about supporting the seller. I did buy some SGS graded Modern Commemoratives, and like them just fine, but if they are in the habit of deceiving, then perhaps I shouldn't buy those anymore. But I know SGS grades aren't up to snuff with PCGS and NGC. We all know that. I do like their slabs, though, and I've seen some that are a lot shabbier, like World Coin Grading Service or some such. yeah, that Morgan is a piece of work, but the reverse doesn't look too bad. Perhaps I don't have good coin discriminting eyes yet. I'm so new to it. Report this Post to the Staff
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