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 Replies: 9 / Views: 1,456 |
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Valued Member
United States
280 Posts |
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Pillar of the Community
United States
1418 Posts |
No, and how is mintage unknown?
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Pillar of the Community
United States
1534 Posts |
I believe they are considered in the same range as PCI, below the top three TPG's, and below ICG. I personally wouldn't buy from this company, but as most people say, buy the coin, not the holder. And I believe the mintage is unknown because the Mint did not record them. I may be wrong though...  |
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Bedrock of the Community
United States
10284 Posts |
Maybe they are saying the mintage is unknown for that particular variety. That being a 1861 1 over 0 and not an ordinary 1861. In the RedBook these type of overdates and other varieties are listed with an asterisk which footnotes as * included above. The mintage for the normal date would show a mintage figure. The variety below it would not. ( or something like that ) If I had my book handy, it might have just that for this coin. If there is a significant difference in values, then the mintage of the variety is probably proportionally low. Edited by TNG
12/01/2009 11:16 pm
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Pillar of the Community
United States
2520 Posts |
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Bedrock of the Community
United States
10982 Posts |
SEGS is a legit grading service. Second tier to be sure but still legit.
The price on that coin is too high for a "problem" piece.
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Moderator
 United States
16677 Posts |
Sovereign Entities Grading Service. They claim their slabs are the best on the market. They filed a lawsuit against ebay because they chose only PCGS,NGC,ANACS,and ICG as legitimate TPG's. All other certified coins listed on ebay shall remain "raw". swcoin.ecrater.com
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Moderator
United States
23522 Posts |
SEGS employs Larry Briggs, and counts among their consultants Jeff Oxman and Bill Fivaz. It's not like they lack for talent. I've questioned the quality of their grading on occasion; I believe they apply MS detail grades when other TPG's would not do so. Larry Briggs, though, is among the acknowledged authorities on Half Dimes and I'd bank on the authenticity of this variety. The "Mintage Unknown" statement undoubtedly applies to the specific variety. |
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Pillar of the Community
United States
6381 Posts |
Buying SEGS-graded coins is something of a gamble in my experience. I've had several that crossed into PCGS slabs, but at a grade one point lower than the original SEGS grade. However, my 1883-CC Morgan dollar graded MS-66 DMPL would not cross at a minimum MS-65 DMPL because PCGS determined it had "altered surface". An SEGS MS-63 half eagle would not cross at minimum MS-62 since PCGS did not consider it to meet even that reduced standard. An MS-64 Half Dime did not cross at minimum MS-63. Bottom line: SEGS is a bit loose with the grades compared to PCGS and they are more likely to certify questionable coins as problem-free. If otherwise identical coins are offered in SEGS and PCGS slabs I would always prefer the PCGS coin. |
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Bedrock of the Community
United States
17884 Posts |
SEGS was begun by Larry Briggs in 1998. They've never been higher than second tier and as many have pointed out the industry feels their grades are a little optimistic (This may be true for MS coins but I think they are probably equal on circulated material if not a little better.) but their major claim to fame is that for about 7 years they were the premier company for the attribution of die varieties. They attributed varieties for everything and their accuracy was great. The top two services attributed very little and their accuracy was poor. (And still isn't very good.) ANACS rated better but they were on the decline as far as varieties went with their sale to Amos Press.
The SEGS slabs are also widely regarded as the most difficult slabs to crack open. Their plastic is not as hard and brittle so it absorbs and dissipates energy better rather than cracking. (From back when most everyone opened the slabs by hitting them with a hammer) The slab was also the first one to have the label in a separate compartment away from the coin so as to prevent toning of the coin.
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Replies: 9 / Views: 1,456 |
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Posted 12/01/2009 9:34 pm
