SEGS NOT HONORING GUARANTEE

Discussion in 'US Coins Forum' started by Ollyoccia, Jun 10, 2016.

  1. mrbreeze

    mrbreeze Well-Known Member

    "Fair market value shall be determined by SEGS based on recent actual transactions in the market place..."

    I don't want to get involved with this thread, but a great deal of the posts here can pretty much be ignored by reading the quoted part of the guarantee.

    1. SEGS determines the market value.
    2. The coin was purchased for $5,000 within three months of the regrade request. That's pretty solidly the cap.

    By the way, good luck explaining the coin market and grading and TPGs to a "jury" or any other entity. Most of the people I even give a glimpse into our world basically come to the conclusion that we are in the Wild West and it's a game with virtually no rules.
     
    Kentucky likes this.
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  3. HawkeEye

    HawkeEye 1881-O VAMmer

    I believe in court you would have to prove actual loss which would be cost minus reimbursed. Then take out attorney fees and your time and you are going backwards. Learn the lesson and move on.
     
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  4. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    Didn't read entire thread so could be repeating things (and know it's an older thread but meh). I'll just say if SEGS wasn't 100% certain they'd not be legally responsible for the value difference in downgrading I would bet my house you would have received your coin back in a 66 slab. They knew with 100% certainty they could safely downgrade it without being on the hook so they did.

    There is a large contractor in my area who offers 15 year warranties on their installations where market standard is 10 years. Conveniently they've changed company names (and I assume company status) multiple times in the last 20 years and each time they can disregard the previous companies 15 year warranties.
     
    hotwheelsearl likes this.
  5. Kentucky

    Kentucky Supporter! Supporter

    Not going to read through this entire post again. We have people on here who are lawyers and some who think they are lawyers. ASFAIK, the consensus was that the OP didn't have a case...let it go.
     
  6. jester3681

    jester3681 Exonumia Enthusiast

    Thank you.
     
  7. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Just so I have this straight... a supposed "new member" shows up, resurrects this thread with not one but three mostly senseless copy/paste jobs, and you don't want to relive the fun? ;)
     
  8. Kentucky

    Kentucky Supporter! Supporter

    Sorry, didn't mean to be a spoilsport...:(
     
  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    There's method to your madness, I know.... now turn that frown upside down. ;)
     
    green18 and Kentucky like this.
  10. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    People who are Lawyerz when it comes to D Carr maybe. Theres no CT lawyers (?) Maybe a blowhard or 2 but no lawyers lol.
    I dont think ive commented in this thread, but yea, the little man gets played waaaaay too often, when it comes to TPG mistakes.
    You guys almost ALWAYS side with the TPG when it comes to THEIR MISTAKES!!!!
    I soooooooo cant wait 4 it to happen to you!!
    Then you might change yer high horse attitude all the sudden, where i come from, (Appalachia-guitars-cadillacs hillbilly music) its called:ATTITUDE ADJUSTMENT
     
  11. Kentucky

    Kentucky Supporter! Supporter

    Where in Appalachia, I'm from Prestonsburg, KY (hence the name)
     
  12. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    Do you honestly think i was directing my hillbilly comment towards a member named KENTUCKY ?????

    Sidenote: i had a few members in mind when i was typing (not you);)

    OH-IO BTW
     
    Kentucky likes this.
  13. Kentucky

    Kentucky Supporter! Supporter

    Just asking...BTW, I have met one real lawyer who used to be on here...@Lonegunlawyer
     
  14. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    When you said lawyers, that was my big chance ( in my own mind ) to call out the DC **** riders. Books can feel it, i just used yer post, to inject my hate -so 2 speak:troll:

    But yea, regardless of the outcome from THIS thread, its the same ol' same ol' regarding TPG screwups

    Sidenote #2- hopefully i injected some life back into this thread. Lets get it !!
     
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  15. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    This thread is one where siding with the TPG, at least to an extent, is completely warranted though.

    The gist is that the OP bought a SEGS coin and demanded PCGS' "estimated value" (in PCGS plastic) at the original grade after hers was downgraded, or an additional $13k on her claimed $5k purchase. If memory serves me, Briggs handled it very poorly, no doubt, and the OP certainly deserved something for said downgrade, but she was quite clearly playing newbie games and expecting to profit from them.

    And yes... I did "feel" it. :)
     
    heavycam.monstervam likes this.
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