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 Replies: 9 / Views: 1,393 |
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Pillar of the Community
United States
2003 Posts |
Here is my dilemma. I need to get three coins graded and slabbed but I do not have a membership for PCGS, NGC and I am not an ANA member. I asked two different dealers about submitting my coins but they don't want to get involved. That leaves me with the option of ANACS or perhaps SEGS. I am only one state away from the SEGS operation in Cherry Hill, NJ. so that would be very convenient for me. Anybody have experience with SEGS and or opinion? |
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Pillar of the Community
United States
5825 Posts |
In your situation:
1. ANACS would be my first choice (if PCGS and NGC are not choices).
2. ICG would be a somewhat distant second choice.
3. I don't even know if SEGS still exists. Search up their website and:
a. see if they are still active.
b. see if they have a database of coins they have slabbed.
4. Most people will not be interested in SEGS-slabbed coins (same with PCI and Hallmark and they all were legit TPGs).
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Pillar of the Community
United States
713 Posts |
The only thing I can add is that I recently purchased an ebay lot with two SEGS-slabbed coins and they did fine on getting the grades and varieties correct. I have heard that their slabs are some of the tougher to crack and I can attest to their toughness as I cracked out one of the coins. Many don't like anything other than the top three, but then they are quick to tell you, "Buy the coin, not the slab." But I guess talking out of both sides of one's mouth is human nature. |
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Pillar of the Community
United States
9792 Posts |
I worked with them for awhile, they are still around. Decent company have the best slabs in appearance to me. I really like the top label. I'm not crazy about some of the Mint state graded coins I've seen, don't think they have the level of consistency that PCGS and NGC has. Of course that is due to the number of coins they have graded, way less than the others.
SEGS is Larry Briggs' company and he is a straight shooter in the business and a knowledgeable guy. For varieties they were one of the best when they started and I still think they are good at that aspect of the hobby. They did the signature labels for Bill Fivaz and JT Stanton of Cherrypicker fame. They also did the Jeff Oxman signature label for VAMs.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Moderator
 Australia
16810 Posts |
It's my understanding that SEGS was once the go-to company for getting your variety attribution slabbed; this changed once the top-tiers started attributing varieties too. While they are a legitimate "second-tier" grading company, they are not an eBay-approved TPG. Selling a SEGS-slabbed coin on ebay, you have to treat it like a raw coin (no mention of the Sheldon grade SEGS gave it, can't be worth over $1000, that sort of thing). Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
9792 Posts |
Quote:
they are not an eBay-approved TPG That was solely due to their database not being up-to-date and searchable, not sure they ever fixed that I do know Larry tried at one point. But yeah they must be considered a raw coin and you can't show photos of the grade on the slab. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
Russian Federation
5172 Posts |
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can't be worth over $1000, that sort of thing That's... is it actually not allowed to sell raw coins worth over $1000 on ebay? Even aside from the "wrong slab" problem, that sounds ridiculous. I don't thing I've ever seen a slabbed Krugerrand that wasn't like MS-69 or something, and good luck with anything ancient or, worse, medieval. |
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Bedrock of the Community
United States
17884 Posts |
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SEGS is Larry Briggs' company and he is a straight shooter in the business and a knowledgeable guy. Larry sold SEGS about a year or so ago so it is under different ownership. In my opinion they were a good company when they were under Larry's ownership. I have no idea how they are doing now. |
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Pillar of the Community
United States
9792 Posts |
Good to know Gary. It has been some time since I spoke with Larry. I did not know he sold out.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Moderator
Australia
16810 Posts |
Quote:That's... is it actually not allowed to sell raw coins worth over $1000 on ebay? Even aside from the "wrong slab" problem, that sounds ridiculous. I don't thing I've ever seen a slabbed Krugerrand that wasn't like MS-69 or something, and good luck with anything ancient or, worse, medieval. From eBay's coin selling policy page: Quote:
Listings for ungraded coins and currency or raw currency...Must have a starting, reserve, or Buy It Now price of less than $2,500
Listings for current, exchangeable, ungraded currency from any country worldwide cannot exceed $1,000 in value, whether in a single listing or in a combination of multiple listings.So you can list "non-current" coins (i.e. ancient, mediaeval and obsolete no-longer-legal-tender modern) up to $2500, but if they're "current" coins - and every single coin issued by the US government is still legally "current" and "exchangeable" - then raw coins over $1000 are not allowed. Bullion coins are a special case because "Bullion" has a separate policy, which doesn't set a limit of value. I'm not quite sure where the policy police would draw the line between a "bullion coin" and a "collectable coin". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 9 / Views: 1,393 |
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Posted 07/17/2022 09:20 am
