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How Unreliable Is Sgs(Star Grading Service)?

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United States
10 Posts
 Posted 02/11/2011  11:42 am Show Profile   Bookmark this topic Add paulmvr to your friends list Get a Link to this Message Number of Subscribers
I have an ms-70 1946-D Roosevelt dime certified by SGS.

Could it actually be ms-70? or close to it?

How-Unreliable-Is-SgsStar-Grading-Service?

Moved to TPG forum - Sap
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/11/2011  12:21 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
"Reliability" and SGS are diametrically opposed to each other. SGS is not a real third party grading company, it is a seller on ebay self-slabbing their own inventory as all MS70 which, of course, is impossible in the real world. In actuality your coin probably grades in the MS63-65 range.
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Maineman750's Avatar
United States
3592 Posts
 Posted 02/11/2011  12:23 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
Very doubtful..
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nolawyer's Avatar
United States
763 Posts
 Posted 02/11/2011  12:31 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
The highest grade that PCGS (probably the most respected grading service) has given a 1946-D dime is MS67 and they have never given a regular business struck Roosevelt dime a MS70 grade so I would say that there is no chance that the SGS dime is anywhere close to MS70.

I agree with biokemist6 - it is probably a ms63-65 coin.
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lincolncentguy's Avatar
United States
809 Posts
 Posted 02/11/2011  12:34 pm  Show Profile   Bookmark this reply Add lincolncentguy to your friends list Get a Link to this Reply
Never heard of SGS! I would only trust the two biggies...and from your pic its probably more like MS63...I agree with biokemist!
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mdh157's Avatar
United States
952 Posts
 Posted 02/11/2011  1:00 pm  Show Profile   Bookmark this reply Add mdh157 to your friends list Get a Link to this Reply
I have had some good experience with ANACS as well, so I would lump them a close third behind the other 2 major services. It seems that there are several ebayers grading their own coins and putting thhem up - problem is, they are always overgraded. I agree with the others in their guess of the grade. Nice coin but Ms-70 is an outright lie if you look at the ANA grading standards.....
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BadThad's Avatar
United States
19951 Posts
 Posted 02/11/2011  1:10 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
What bio said...plus, they are known to slab coins with obvious problems. 100% unreliable grades on their slabs! The best thing to do is break the slab and toss in the garbage where it belongs.
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New Member
United States
10 Posts
 Posted 02/11/2011  4:44 pm  Show Profile   Bookmark this reply Add paulmvr to your friends list Get a Link to this Reply
nolawyer - "and they have never given a regular business struck Roosevelt dime a MS70 grade"

Is a business struck coin one that was made specifically for certification?
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CEOcoinshop's Avatar
United States
186 Posts
 Posted 02/11/2011  4:55 pm  Show Profile   Bookmark this reply Add CEOcoinshop to your friends list Get a Link to this Reply

Quote:
Is a business struck coin one that was made specifically for certification?

Paulmvr... Business strike refers to a coin struck for general circulation, Proof coins are struck on special dies, under extra pressure.. made for collectors. So when you hear Business Strike, Uncirculated, Mint Set coins... these are all the same.
Hope that helps.
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CEOcoinshop's Avatar
United States
186 Posts
 Posted 02/11/2011  5:04 pm  Show Profile   Bookmark this reply Add CEOcoinshop to your friends list Get a Link to this Reply
Back to orginal thread.... around here we call SGS... Steve's Grading Service... this company has been taking money from folks for a long time on ebay and on their website. Most of the coins I have seen in an SGS slab, are pocket change... right out of bags.. the floor... the teller drawer... JUST AWFUL...
Please don't buy these coins... PCGS, NGC, ANACS, are your best bet.... their are a few others, and they have their place.. but if you stick with those top three, you should be OK.
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vermontensium's Avatar
United States
16679 Posts
 Posted 02/11/2011  5:11 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
This has been discussed here to death. It could be a VF20 coin in reality, and SGS will grade it MS70. That's the only grade they know. Stick only with PCGS,NGC,ANACS.
swcoin.ecrater.com
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murrellington's Avatar
United States
3276 Posts
 Posted 02/11/2011  5:40 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
if you could get it for a good price go for it, who cares about the slab. but just make sure you aren't paying ms65-ms70 price. that would not be a great deal.
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captainkurt's Avatar
United States
1406 Posts
 Posted 02/11/2011  5:42 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
Reliable/SGS = Oxymoron
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nickelsearcher's Avatar
United States
15433 Posts
 Posted 02/11/2011  8:21 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
All the correct advise has been dispensed ... with the following caveat ...

The OP is a new hobbyist and uncertain (my opinion) of Third Party Graders ( TPG) ... and their relative rank in terms of being trustworthy.

Sooo ... for paulmvr ... your coin graded by SGS might be a lovely coin ... only you can gauge that ... but SGS is a bottom-feeder 'service' intended to make money for the owner and not protect the collector.

The best advise any of us can offer is to embrace the hobby and learn to grade/validate coins based on your own knowledge.

That's the ultimate goal ... until then ... if you need to rely upon TPG than IMHO it's the top 3 ... PCGS, NCG and ANACS.

David
Take a look at my other hobby ... http://www.jk-dk.art
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Sap's Avatar
Australia
16830 Posts
 Posted 02/11/2011  8:32 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
SGS can be "relied upon" to grade every single coin they see "MS70". If it's a heavily circulated coin, they'll clean it until it's nice and shiny and then stick it in an MS70 slab. If the master and commander of SGS ever saw a coin he thought would genuinely grade MS70, he wouldn't waste it by putting it in one of his own slabs - he's send it off to one of the real TPGs.
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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Coinstar's Avatar
United States
1510 Posts
 Posted 02/12/2011  12:52 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
heres an example of a beat down coin in a slab of theirs --I never heard of them -- I asked this on the classic forum (sorry)
How-Unreliable-Is-SgsStar-Grading-Service?
Retired USAF 1983-2003
Edited by Coinstar
02/12/2011 12:52 am
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