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 Replies: 16 / Views: 6,633 |
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Pillar of the Community
United States
1510 Posts |
anyone heard of them? star grading service , I saw this for $89.00 what you guys think?  Moved to TPG forum - SapRetired USAF 1983-2003
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Pillar of the Community
United States
4846 Posts |
spoken about many times before, their company is a basement slabbing company. they take coins that look like that and put MS65* grades on them after they polish them to death. steer clear.
Edited by Adam_E
02/12/2011 12:38 am
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Pillar of the Community
 United States
1510 Posts |
roger that-- and thanks
Retired USAF 1983-2003
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Rest in Peace
United States
4849 Posts |
Coin looks to grade FR/AG, and is no way worth $89. Is the seller of this coin ABONCOM or something like that? He is the head of this STAR basement slabbing atrocity, and I lost $500 purchasing a coin from him that ended up being counterfeit about 3-4 years ago(when I was a newbie). He is on the top of my "seller to avoid like the plague" list. I'm not saying that you would never find a decent SGS coin graded somewhere for a decent price....but just be very VERY wary.
Edited by johnny54321
02/12/2011 01:17 am
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Pillar of the Community
United States
2589 Posts |
i would only buy star graded coins that were clearly circulated, and even then only at scrap prices. Not a reputable certification company, if one would even call them that.
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Pillar of the Community
United States
4421 Posts |
This oldtimer suggests you pass on this coin at $89. You can probably find a comparable coin at just about any coin show for about $50 in today's market. The Chinese have yet to make copies in low grades such as this and probably never will, so certification would then appear to be a moot point, huh?
I'm at a loss to explain why anyone would go to the expense of certifying a coin such as this? I suppose it could impress some folks, being in a holder and all. What does SGS stand for ... Someone's Grading Service? I'm not familiar with them, an I've been collecting coins over fifty years now.
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Pillar of the Community
United States
952 Posts |
lol......if you guys check for them on ebay you can spend quite a bit of time entertaining yourselves....these basement grading svcs are getting way out of hand |
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Pillar of the Community
United States
3076 Posts |
 I think I may have to start my won basement grading company what should be a great name....  . PIGGS   Pick are Individual Grades Guarentee Services... Just submitt what ever grades you want to to be and :POOF" I would personally guarentee thats the grade you will receive on the holder....!   Do you all think My new business venture will make any money? |
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Pillar of the Community
United States
4846 Posts |
it depends,,, would you give this an MS-90?  |
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Pillar of the Community
United States
1424 Posts |
who are you trying to fool Adam-E? That is clearly an MS93  |
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Pillar of the Community
United States
4846 Posts |
well it looks like there's the tiniest nick on the shoulder, so I didn't think it would get that high
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Rest in Peace
United States
1729 Posts |
MS-92, random bag marks. Mmm-HMMM!
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Pillar of the Community
United States
3076 Posts |
I'm positive I could grade that at least MS97 with an attached star for a nominal price
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Valued Member
United States
70 Posts |
Sadly, I am certain that would be a profitable venture.
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Bedrock of the Community
United States
17884 Posts |
Quote:
I'm at a loss to explain why anyone would go to the expense of certifying a coin such as this? When you understand that probably more than 95% of all the SGS slabbed coins have been slabbed for one submitter, and he also happens to own SGS it becomes very understandable. The only expense is the cost of the shell. |
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Valued Member
Canada
138 Posts |
Hey Everyone I have bought coins on ebay from this so called grading company. I bought a box of 25 2001 DCAM Roosevelt dimes, and yes they where all graded at 70. Normally I would not even considered basement slabbed, but DCAM'S are pretty easy to see, especially with a loop, so I followed the old guide this time and (Bought the coin not the holder). Cheers Alan |
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Replies: 16 / Views: 6,633 |
Posted 02/12/2011 12:41 am
