Rare coin in a SEGs holder.....

Amen go try to sell one for real money if I bought one I'd buy as raw and crack it out and resubmit to NGC or pcgs much easier to sell and a much broader market

 

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This thread has done nothing but convince me even more to avoid coins graded by TPG's other than PCGS and NGC. The fact that just one SEGS graded coin has generated discussions that have filled almost 2 pages, with this being the 42nd posting, is living proof that the market views such coins as being questionable. We've talked about whether or not the coin deserves its grade, whether it has issues, whether it would slab at another TPG, whether the dealer should give a guarantee, etc. etc. If it was in a PCGS or NGC holder would we have made it to the bottom of Page 2? I have one SEGS graded coin that I regret buying because I know that if I posted it here there would be similar questions raised. I don't claim to be a grading expert so I just like to have some peace of mind.

 

Actually we made it to page 3 lol...

 

Please. Based on what you are selling on ebay, you are following the opinions of several grading companies that the market does not agree with and adding more hype on top of it. I'm not trying to pick on you but you have much to learn and you can do that without insulting the rest of us.
PCGS and NGC will never be perfect but they are the best two options at this time.
We all run into coins that we don't agree with them on but most everyone trust them to get it right more than other services.

 

None of the grading companies are perfect... they will even admit that... the top companies say this by offering a buyback guarantee on coins in their slab. If it comes to light that the coin in their holder is not what they certify it as they will buy it back. This happens all of the time. Any company that does not offer this (SEGS does not) should be treated as raw and even more so scrutinized. I have NEVER seen a holed and plugged coin in an NGC or PCGS no problem holder.... do they exist? Probably a few... but nearly EVERY major rarity I have ever seen in a SEGS holder has a MAJOR issue. Coins in SEGS holders get more scrutiny from me then even raw coins. This is from experience in a shop and on the show circuit and looking at many rarities in many different types of holders.

 

Seg did they not shut down 2007-2010?

 

Well, maybe not "buy it back", but this is pretty close;

http://www.segsgrading.com/Content/Guarantee

 

I will keep it simple--I would treat it as a rare raw coin that has been deemed authentic, but not with a valid grade. For that reason, I could if I wanted to buy it with the confidence that it is genuine, but not graded. So, it would be resubmitted to PCGS or NGC.

 

There are so many strange TPG stories - I recently had one happen to me on the super positive side. I bought a Carson City $5 gold coin a couple of years ago in an ICG holder because I thought it looked good - it was graded XF45 - and at the time I preferred lower priced coins to be RAW - I wouldn't want to break a good coin out of a PCGS or NGC holder, so I liked this ICG coin and I removed it from the holder. A couple of years later I decided to get all my raw gold graded and I sent that coin to NGC, Came back AU58. So much for whatever small confidence I might have had in ICG and good for me!

Doug

 

I too believe there is something wrong with this coin. If you look at the fields on the reverse of the coin, they have been unnaturally disturbed above the eagles wings, between the two stars at 6 o'clock and just to the left and right of the stars. Without viewing it in hand, I would believe it would grade AU improper cleaning, which really means no grade.

 

I hope someone would be able to give specific, likely analysis of what the occluding substance is on this coin. I have had NGC and PCGS certified, graded coins with pvc or cloudiness developing apparently after they were graded as it is hard to believe they grade those as no problem. I will give examples if requested. You will never know if they will conserve or restore unless you crack out of holder and submit or do it yourself, that is the pandora's box/genie in the bottle.

 

Does anyone know if it is true you can't list a coin over $2,500 on eBay if it's not in the top 4 graders holder?

 

http://pages.ebay.com/help/policies/currstamps.html

 

Unless you are dealing with varieties. Especially varieties that aren't the super well known ones. SEGS is MUCH more likely to get variety attributions correct than either PCGS or NGC.

 

BT/44 to get the best grade/slab.
If this was mine I would put few $ by having J.H.Cline re submitting the coin his fee is reasonable. He may also make you a good offer too.
my2c


http://www.slqs.com/

 

I don't know that SEGS can attribute varieties any the more correctly. You could be right. I know this. Unless it's a variety that any novice heard of, you're going to have to pay these majors extra, if you intend them to spot it. In other words, if you intend them to think. When you just need them to emote based on what's eye appealing to them, i.e., to market grade, they're understandably going to miss the less-notirious of these.

 

Well that in itself is some recommendation.

 

Show me photos of some of your major issue coins in SEGS holders. I want to see what you're talking about.