How Unreliable Is Sgs(Star Grading Service)? - Page 2

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Author	Replies: 58 / Views: 45,178	Page: of 4

Timmy30 Valued Member United States 155 Posts	Posted 02/12/2011 01:19 am Hey my new morgan looks better than that and I wouldn't dare send it for slabbing! Everyone here gives great advice and I'm glad I read this thread as I have seen some SGS auctions and been intrigued. Thanks guys and gals. Great post paulmvr. Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 02/12/2011 01:31 am Coinstar's 1883-CC is worn enough (an AG-3 in true grade) to where even SGS won't give it an MS-70. (very disappointing, I thought Steve would give it at least an MS-62....) Report this Post to the Staff
Coinstar Pillar of the Community United States 1510 Posts	Posted 02/12/2011 01:37 am its pretty tore up thats for sure-- I didnt buy it I was just wondering-- actually I found it on Amazon Retired USAF 1983-2003 Edited by Coinstar 02/12/2011 01:38 am Report this Post to the Staff
paulmvr New Member United States 10 Posts	Posted 02/12/2011 04:45 am Why is false certification legal? Report this Post to the Staff
wolverine Valued Member United States 277 Posts	Posted 02/12/2011 09:03 am My opinion is, if you haven't hard of it, don't use it! I'm surprised there ate more scammer grading services out there. It's just so easy to take advantage of the new collectors. I put my coins in slabs with a similar sticker on the slab, but I don't grade it. I usually put the year, mint, and where I found it Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 02/12/2011 1:25 pm Quote: Why is false certification legal? Since grading is subjective that is the basis behind their business. they always say one mans MS-60 is anothers MS-62 and so forth. There is no laws against it unless you are clearly committing fraud which these companies are just on the right side of that law but sometimes I think they actually cross it but it is the collectors who have to educate themselves to put these companies out of business Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/14/2011 04:50 am Quote: Why is false certification legal? Because there is no such thing as "false certification" because there is no legal definition of the different grading levels. So any grading service can come up with their own definitions for the same terms and it is perfectly legal. Quote: I'm surprised there ate more scammer grading services out there. I assume you are questioning why there aren't more of these "fly-by-night" services. Well the thing is there are or have been a lot more of them than most people realize. When the slabbook came out in 2003 it covered the products of 82 companies and it included a moderate number of such companies. Since then there have been relatively few firms that have tried to create a serious "legitimate" grading service, but the number of companies I have seen has grown to over 150 companies. So there have been maybe eighty to ninety of these "fly-by-night" grading services. Most of them do not stick around for more than a few weeks Report this Post to the Staff
numismaniac Valued Member United States 361 Posts	Posted 02/20/2011 09:28 am I did not see any mention of ICG when writing about "more reliable" grading services. Anyone have any thoughts? Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/20/2011 3:39 pm Quote: How unreliable is SGS(Star Grading Service)? How high is "up"? Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 02/20/2011 3:48 pm Their grades mean nothing but if you know what you are getting you can do alright. I bought a set of all the satin 2009 Lincolns from them back in '09 for 8 dollars. Used the "slabs" for some varieties. Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 02/20/2011 3:48 pm Their grades mean nothing but if you know what you are getting you can do alright. I bought a set of all the satin 2009 Lincolns from them back in '09 for 8 dollars. Used the "slabs" for some varieties. Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 02/20/2011 3:53 pm Quote: 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) SGS was actually saying to themselves, this does not look like most MS70's we grade They were puzzled and perplexed so just authenticated it Seriously, in a word, they are a joke. swcoin.ecrater.com Report this Post to the Staff
JMerrick Valued Member Guatemala 357 Posts	Posted 02/20/2011 4:29 pm I always thought SGS's rule was 'if the soda machine in the employee break room accepted it, it was MS70. If it wound up in the reject slot, they just authenticated it.' Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 02/20/2011 4:58 pm Quote: I did not see any mention of ICG when writing about "more reliable" grading services. Anyone have any thoughts? ICG would be in the second tier with ANACS. They are certainly a legit TPG but they can also be a bit "enthusiastic" with grading moderns. Their classic coin grading is pretty good but they have the same problem as ANACS in that they do not usually bring as high a value as PCGS or NGC coins. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 02/20/2011 11:22 pm 83cc is no deception. They're not claiming a grade, and it's prolly genuine. Report this Post to the Staff
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