ACCGS: Good or Bad coin grading service

RareCoins · 08-17-2005, 09:50 PM

Hi everyone, I am new to the site, but not to coin collecting. I have several rare coins which includes both key date Morgan dollars (89-CC and 93-S) but in lower grades. I mostly like to collect currency and often find some nice stuff in circulation.

However, I have come to ask a question about a coin grading service since I know of site that seems to have a bunch of nice coins and boasts "conservative grading"( they even attack other dealers for way overgrading, which I find many times to be true) on their site and their coins are graded by ACCGS. Now I have heard about them and that they grade both sides, but know little about their grading standards. I was about to buy a coin from this site but backed down when I heard the company. The site said that they sent coins to grading service, but not PCGS, NGC, and ANACS. I asked if they sent coins to ICG, but they told me it was already graded by ACCGS. So compared to the top grading services (PCGS, NGC, ANACS and maybe ICG) is ACCGS up there with them when it comes to grading or are they another lower tier grading service like NNC and SGS? Or are they more of a SEGS which tends to overgrade, but not too drastically? Has anyone here ever crossed an ACCGS to one of the top grading services? If so how did that go? Thank You for your Help!!

**Speedy** · 08-17-2005, 10:08 PM

I have never heard of ACCGS and by this time I would have heard something if they were good IMO...

It is a good idea when starting out to stay with PCGS, NGC, ANACS, ICG, and at sometimes PCI...

Speedy

longnine009 · 08-17-2005, 11:26 PM

It sounds like it might be the American Coin Club Grading Service.

skittles · 02-21-2007, 03:12 AM

Any new ideas on this grading service ?

Midas · 08-17-2005, 11:08 PM

You might be confusing this service with ASA Accugrade out of Longwood, FL. Their claim to fame is that they started this whole "slabbing market" and they have licensed their "idea" to PCGS-PSA and a dozen firms.

Now...and I have to be careful here as ASA has been known to sue everybody and everything...it is my opinion they are not one of services I would trust nor use for my coins.

Stick to PCGS, NGC, ICG and ANACS as these four are the most respected names in the coin grading industry.

PCI and SEGS are a level below these four and frankly for the rest, I wouldn't even touch them.

SGS for your information is owned and operated by the major eBay powerseller "Aboncom" that sells 99% of these coins. In other words, they slab and sell their own coins, many times in MS70 and PR70 (perfect) grades. It looks and sounds good until you try to sell them to somebody that knows a little about coins and grading.

Update....

I am sorry...there is such a coin grading service:

http://www.accgs.org/index.html

I never have used them nor have I seen any of their coins...so I will reserve judgment until I see how they grade and perform their service. From what I read, a bunch of collectors out in Beverly Hills got together in the summer of 2003 and formed a grading service to compete against the others.

RareCoins · 08-17-2005, 11:13 PM

"You might be confusing this service with ASA Accugrade out of Longwood, FL. Their claim to fame is that they started this whole "slabbing market" and they have licensed their "idea" to PCGS-PSA and a dozen firms."-Midas

I'm sure its Accgs, the site is part of the Beverly Hills Coin Club / American Coin Club and has the Accgs.org link in some of their pages

RareCoins · 08-17-2005, 11:17 PM

"SGS for your information is owned and operated by the major eBay powerseller "Aboncom" that sells 99% of these coins. In other words, they slab and sell their own coins, many times in MS70 and PR70 (perfect) grades. It looks and sounds good until you try to sell them to somebody that knows a little about coins and grading."-Midas

I also have a feeling that NNC is that same way with a certain user(s) on Ebay.

SapperNurse · 02-21-2007, 01:34 PM

Quote:

Originally Posted by RareCoins

"SGS for your information is owned and operated by the major eBay powerseller "Aboncom" that sells 99% of these coins. In other words, they slab and sell their own coins, many times in MS70 and PR70 (perfect) grades. It looks and sounds good until you try to sell them to somebody that knows a little about coins and grading."-Midas

I also have a feeling that NNC is that same way with a certain user(s) on Ebay.

Vetrans of the site, of course know the relationship between SGS and Aboncom.

What other "Grading Services" popular on Ebay have the owner/operator link?

skittles · 02-21-2007, 02:48 PM

I'm fully aware of the connection between SGS -- Aboncom and NNC ---centsles on Ebay. I have a several of NNC graded coins and they are over rated by 2-3 ms's each, however they are still worth more than I paid for them. I bought a 1927-D Lincoln penny rated ms-67 by NNC for 99 cents because I was the only one that bid on it. I couldn't find anybody that was interested in buying it becasue of the off brand grading, so I sent it to PCGS for a cross grade through a local dealer. It came back a MS-64 and the dealer gave me 125 dollars for it right there on the spot. This was the same person who wasn't interested because of the NNC slab. So much for buy the coin and not the slab.
I've done considerable reasearch on ACCGS over the past few days and the general opinion seems to be that their grades hold up well and time will give them rightful place in the grading industry. I posted my question on here because no one had discussed them in the last couple of years and I was interested in what people thought afetr time to evaluate them. I don't need forum monkey moderators coming to my posts and telling me that I'm stupid for asking a question. If you can't give a repectful answer then stay out of the conversation, your opinions are not needed.

Treashunt · 02-21-2007, 07:56 AM

ACCGS
not a grading service that I would consider using.

satootoko · 02-21-2007, 10:28 AM

What part of "the four top grading services are PCGS, NGC, ANACS, and ICG and all others are less respected in the hobby" don't you understand?

Shortgapbob · 02-21-2007, 12:24 PM

I did an ebay search for ACCGS and only found one coin, a 1940 Mercury Dime. The pic is not good enough to tell anything about the grade, but ACCGS does seem to use a plain old Coin World holder.

http://cgi.ebay.com/1940-Mercury-Dim...QQcmdZViewItem

It's best to stick with the top TPGs.....and as is always said, buy the coin and not the holder.

ljkvette · 02-21-2007, 02:33 PM

I have several ACCS slabs. They provide a grade for both the obverse & the reverse. The ones I have seem to be accurate in grades.

I hope this helps!

Cloudsweeper99 · 02-21-2007, 04:20 PM

This might be the exception to the rule of "buy the coin and not the slab." If the slab is not secure and can be opened, then whatever grading skills the company possesses are worthless because you can never prove that the coin was not switched. If the slab is secure and cannot be opened without destroying it, there probably isn't much downside to buying a couple of them as long as there are no high valued coins involved.

Shortgapbob · 02-22-2007, 06:57 PM

Quote:

Originally Posted by Cloudsweeper99

This might be the exception to the rule of "buy the coin and not the slab." If the slab is not secure and can be opened, then whatever grading skills the company possesses are worthless because you can never prove that the coin was not switched. If the slab is secure and cannot be opened without destroying it, there probably isn't much downside to buying a couple of them as long as there are no high valued coins involved.

This is a very good point. My concern is people actually looking at the coins that they are buying, and not just going by the assigned grade. But if the holder is unsecured, then that does not matter either, as the coin could easily be switched out. That said, I stick with the major 4 TPGs and occasionally PCI if I see a nice coin for the right money.

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