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Hmm... What Do You Make Of This Auction?

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Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 02/18/2011  11:47 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
This "company" is a once removed cousin to the SEGS Graders, every coin with this company is usually graded 4-6 grades higher than the reality of the situation.

I assume you mean SGS and not SEGS. Please do not confuse the two. One is a bottom feeding self slabber and the other is a decent company of quality numismatists. You may not agree with their grades comaperd to PCGS but they aren't that different. And SEGS is BETTER than PCGS at varieties and attributions.
Valued Member
United States
447 Posts
 Posted 02/18/2011  1:10 pm  Show Profile   Bookmark this reply Add CCya to your friends list Get a Link to this Reply
I Pitty the Fool that thinks she is a 66!
Pillar of the Community
ExoGuy's Avatar
United States
4418 Posts
 Posted 02/20/2011  1:54 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Conder101 is right on target. SEGS is a top-notch company. They're great when it comes to attributing varieties and, contrary to the more preferred slabbers, SEGS will certify problem coins but provide a brutally honest description of the problem. I'd really like to see the subject, the SGS MS-66 Morgan, reslabbed in a SEGS holder. The description would be right on target.

Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 02/20/2011  2:53 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
The worst part is that this guy is a top rated seller, ridiculous.
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vermontensium's Avatar
United States
16679 Posts
 Posted 02/20/2011  3:29 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
AU Details/cleaned. I love this:

This particular coin is the cream of the crop and was hand selected in Excellent BU Condition!

These wanna be coin dealers are all over ebay.
swcoin.ecrater.com
Pillar of the Community
ExoGuy's Avatar
United States
4418 Posts
 Posted 02/20/2011  3:34 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Taking a look at some of this seller's other Morgans, it's the same story; generic, common dates that are grossly overgraded. Yet, the same scenario can be seen at local auctions, flea markets and more sparingly in other venues. The really sad part will occur when the buyers take these overgraded Morgans to a local coin dealer and try to sell them! That poor dealer will more likely be villified than the seller! Then, the whole hobby suffers, too.
Pillar of the Community
cointagous's Avatar
United States
1143 Posts
 Posted 02/20/2011  9:14 pm  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
Not familiar with the grading co but doesn't the holder looks like it snaps shut? No sonically sealed process here like other co's do. Found this review on ebay as NAC seems to be home of the MS66.

http://reviews.ebay.com/NAC-NUMISMA...000004895610
Pillar of the Community
ExoGuy's Avatar
United States
4418 Posts
 Posted 02/20/2011  9:44 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
The only certification company holder that I've not yet seen cracked/sliced open and resealed is that of SEGS - best holder I've seen. A pastor friend of mine once gave a talk at our coin club, emphasizing to the members that they should buy the coin and not the slab. To illustrate his point, he'd sliced open a PCGS Morgan $1 holder, replaced that coin with a Roosevelt dime and resealed it. His purposeful tampering was virtually undetectable. Now, if a pastor can do that, what can a seasoned cheat do? Food for thought, this ...
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