Thread: Grading Service Reputation

I probably already know the answer to this, but being relatively new to numismatics, would like some informed opinions.

Found a 1963-P Roosevelt Dime graded at MS-68 by...wait for it...SGS. It is being offered for $6.95, but a quick look at Numismedia says that in that condition it is likely worth closer to $1,300. Which brings me to my real point. What is the deal with SGS? Sound extremely shady to me, and I need to know if they are to be avoided in the future.

They are self slabbers. I'm shocked it wasn't ms-70.

Is it a Double Die? Because Redbook has 1963-P in MS65 at $4

Originally Posted by wooleytree

They are self slabbers. I'm shocked it wasn't ms-70.

they have tightend up their grading standards lately. not all are 70's anymore.

Unless it's NGC, PCGS, ICG or ANACS don't count on anything on that label too much.

It is not double die. I'm pretty new right now so just thought I would seek some second opinions.

SGS is not an actual grading company, but a person or group of people who take coins and put them in their own holders, with ridiculously high grades (MS70 99.9% of the time). Legitimate grading companies put coins in sealed holders which do not open up without breaking the holder. SGS holders are not sealed, and therefore can be opened easily. Whenever buying a graded coin, coins graded by PCGS (Professional Coin Grading Service), NGC (Numismatic Guaranty Corporation), ANACS (American Numismatic Associaton Certification Services), and ICG (Independent Coin Graders) are fine, any others should be considered a raw (ungraded) coin.

I'll echo what the others have stated already, SGS, basement grader, no standards, majority of moderns get an automatic 70 on the label.

This dime must have a ding somewhere to have not rated the auto 70 label from them.

Originally Posted by MrCheeks

Is it a Double Die? Because Redbook has 1963-P in MS65 at $4

The problem with the Red Book is that their price guide quotes no values above PF65 or MS65. There are many instances where the values for higher grades increase exponentially from one level to the next. If you have access to them, you might want to browse through the Numismedia price guides at NGC or the PCGS price guides to see how the values increase for the higher grades. If that isn't possible, you can get a copy of the CDN Greysheet.

Chris

Originally Posted by cpm9ball

The problem with the Red Book is that their price guide quotes no values above PF65 or MS65. There are many instances where the values for higher grades increase exponentially from one level to the next. If you have access to them, you might want to browse through the Numismedia price guides at NGC or the PCGS price guides to see how the values increase for the higher grades. If that isn't possible, you can get a copy of the CDN Greysheet.

Chris

+1

Originally Posted by wooleytree

They are self slabbers. I'm shocked it wasn't ms-70.

They would have, but the gouged "X" from rim to rim was just too deep.

Chris

As I suspected, thanks for the input. What about Accugrade (ACG). I'm seeing another "too good to be true" Walking Liberty Half.

Originally Posted by kevinmumaw

As I suspected, thanks for the input. What about Accugrade (ACG). I'm seeing another "too good to be true" Walking Liberty Half.

Accugrade is the first slabbing coin and the owner is Mr. Alan Hager his company start 1984 followed by PCGS 1986 after owner David Hall paid 100,000.00 US Dollars to Mr. Hager for his expertise and his PATENT. Then NGC become the Third slabbing coin when they start on 1987.
Here is also one example of Accugrade Holder in eBAY on January 15 ended this year with the Highest offer received of Seven Million US Dollars.

Now the mention of Accugrade wakes him up, too?!?!?!

Crapugrade and SGS? The septic tank of coin grading.