How to stop SGS

Hello to everone too
I'm also new to the board, and wished i would have found it sooner too lol, like a weak ago -_-. I got a 1976 d ms 70 sgs coin from amazon Their selling them for $2.00 and same for shiping. And yeah its strached, has hair in it and is "evently toned" ( i assume they mean evenly but they arent the only seller of "that coin" sayin "evently", and its not evenly toned either. I thought maybe its a fake till i searcherd on google. lol but hey only lost 4 bucks on a coin that looks like its been in the litter box and packaged by a cat. for $2 i shoulda guess i was buying a polished turd.

 

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lol

 

Hey Randygel,

Welcome to the forum and glad you didn't get burned too bad. Others have been burned much worse.

clembo

 

I too was in the same boat as the OP member but I got out of it fast but ended up with negative feedback from it. I feel that was a better price to pay than the prices I was to pay for the over rated coins I bid on.

What happened to me was simple. I started on Ebay buying coins to resell. Figured I needed to do something with my money to make money, instead of letting it rot in the bank. One of my first purchases was from a seller with a lot of SGS slabbed coins and by the book value of these coins, at the grade listed on the slab, I was going to make a fortune reselling them. But then reality stepped into the picture when I spoke with the seller about purchasing his inventory and I did a little research on SGS to make sure I was going to come out on top. What I found out made me realize just how bad I was ripped off with my original purchases, I emailed the seller and backed out of those and the inventory buyout deal all at once.

I too thought about what could be done to stop inferior grading companies but in the end, I figured there wasn't a better way to stop them than to never buy a single one of their slabbed coins, no matter what the price may be. Also, there was a comment about adding a "blurb" to a listing, to educate the peeps about the inferior grading companies and I actually think that's a great idea but the blurb should be links, not just a blurb. These are the links I'm referring to:

http://reviews.ebay.com/Not-all-graded-coins-are-created-equal_W0QQugidZ10000000000689343?ssPageName=BUYGD:CAT:-1:SEARCH:4

http://reviews.ebay.com/COIN-GRADING-SERVICES-ARE-NOT-ALL-EQUAL_W0QQugidZ10000000001628812?ssPageName=BUYGD:CAT:-1:SEARCH:2

http://reviews.ebay.com/BEWARE-OF-INB-PGS-and-SGS-CERTIFIED-COINS_W0QQugidZ10000000001403705?ssPageName=BUYGD:CAT:-1:SEARCH:1

http://reviews.ebay.com/NNC-amp-NTC-Certified-Gold-Coins_W0QQugidZ10000000003720426?ssPageName=BUYGD:CAT:-1:SEARCH:6

Those links are Ebay approved write-ups concerning this problem and adding them to a listing would not violate Ebay policies nor would it be personally bad mouthing a single grading service, someone else does it for you.

Ribbit,
Toad

 

Luckily when I was a newbie (or more of one ) I didn't have much money to blow, and I found here before it was too late.

Phoenix

 

Just for fun I took it to a coin shop, they said they would sell me a better 1976 q for 25 cents. :hail:

 

LMAO @ polished turd

That's the best definition I've ever heard for a SGS slabbed coin.

Ribbit

 

Ok, this might be slightly off-topic, and I'm resurrecting an old thread......but I had a question about SGS relationship with the ANA. Here is a quote from their website: http://www.stargrading.org/ "On April 10, 2007, Star Grading Services was requested to submit a proposal for exclusive grading services for the American Numismatic Association. While we do not currently have the resources to do this, we viewed the request as a wonderful recognition of our growing popularity and market acceptance." Are they serious??? Why would ANA want to touch their services with a 10 foot pole? John

 

In short, no.
Guy~

 

Perhaps to be fair, summarily dismiss them as the jokers they are and avoid a potential lawsuit?

 

Another solution is to buy all of the SGS material....and use the Korean Super Note $100s as payment

just kidding guys

 

Here's another successful court case against a grading company for unethical practices.

http://www.ftc.gov/opa/predawn/F93/pcgs-coin8.txt

 

That was 18 years ago and doesn't go to the root of the biggest problem today, that being the serious over grading some grading services are guilty of.

Ribbit

 

I don't agree with the ANA doing this. Any one of the grading companies sending coins ( of their choosing ) to ANA. If ANA wanted to be fair and equal they would go to shows and purchase coins in these holders for evaluation. By asking for them nothing is stopping SGS from cracking out NGC MS 64 Morgan Dollars and placing them in SGS MS 64 holders. This would make them seem very accurate and along the lines of other TPGs.

 

Let's be fair to SGS. They are comparable to GEC!!! They both suck wind.

Bruce

 

You know whats funny about the junk slabbers, NNC, one of the worst is owned and ran by Steve Cardinal, who actually won a World Series of Grading a while back. He knows how to grade, but chooses the scam system instead.

 

That's scary Jack as I believe I bought from him years ago as in pre-NNC. Accurately graded coins.

Just shows what a little greed can do.

clembo

 

a little Typo GD dont worry spock is back from vacation so you are not by your self any more