I have been reading about Ebay limiting coin grading companies. Below is the information that we should look at when buying from ebay for coins now. Ebay is now just allowing listings from these companies on their site. If you see listings from other companies, let Ebay know and they will pull that auction off their site. I have went to SGS's web site and read about them. I know they grade coins and really have no idea how good they are. What I do see on SGS slabs is the MS70 on every one of their gradings. I can't see how they grade that high all them. I also read on their site where they were asked to complete a ebay form so they could use their SGS slabs on it and they didn't follow through. I have to assume they just can't show their experience in coin grading. If you are a serious coin person, get on the internet and just read about these companies. 1. NGC 2. NCS 3. PCGS 4. ICG ...read the full guide with pics here
Hi Jim, Thanks for posting the information. As far as SGS... well, I ordered something from them to see what I would get. I did not have any high hopes the coins would all be that good. Of course, the were not. At best I can say that if you are looking for nice uncirculated grades for your album then SGS might be okay. I have mentioned before that I did get one exceptionally nice 36d buffalo nickel from them, MS70 it was not. However it fits nicely in my collection. jeankay
Jim: I don't understand why you can't see SGS grading that high (MS-70) every time. It is easy: Just pre-print the labels and it works out just fine. oh, oh... look pocket change, hey, there's another MS-70! See how easy that was?
ANACS is on the list. ICCS should be on the list and they are working on being approved. Not a whole lot of demand for them being a Canadian Company. Although they are very strict. I don't think SGS pre prints their labels the industry just understands when you have ultra high end pieces that SGS is the only company able to handle these coins with the care they deserve. Plus no one at PCGS or NGC can grade Rolls of dollars by just looking at the top coin.
I agree with most of this. ICCS SHOULD be included. I have an 1875 US Twenty Cent piece graded XF40 that should easily cross over into a PCGS or NGC holder as at least AU50. Now, either I am reading this part wrong or you're just plain TOTALLY WRONG! I SURE HOPE THIS IS SARCASM. SGS is the dreg of the dregs man. Do they preprint labels? Perhaps but I really doubt it. Even I won't go that far. Do they over grade on a rampant basis. ABSOLUTELY! Never saw so many MS66-67 Morgan and even Peace Dollars till SGS came into view. Might also add that Abon sells a lot of SGS stuff. Located withing miles of one another and the ties have been made. I'll let others dig into the past threads to figure this one out. It's not that tough. The web site is a joke. The company is a joke. The prices paid for ultra high grades are a joke. Put an SGS MS67 Morgan against a PCGS MS67 Morgan and see the difference. Like several hundred/thousand dollars or so. Saw an MS70 Silver Eagle in an SGS holder go for $25 a few weeks ago. You could buy them raw at a shop for $20-22 at that point. Put that in a REAL holder and it goes for A LOT MORE because it as, in the worst scenario, reasonably graded. Overgrading is overgrading. Be it raw, by an amateur, or slabbed by a "professional".
Don't worry Clembo it was sarcasm. Didn't you get it from the grading a roll by only looking at the top coin.
I'm starting a new grading service out of the back of my trunk. Grades start at MS-70 and the more you pay the better the grade. We have a new grade of MS-95 that is going like gang-busters. Let me know if you're interested, I'll be parked behind the employment office downtown. Look for a 1975 rusted out Lincoln (they didn't have any Jefferson station wagons left). -DJ
I don't know how Ebay can get away with discrimination among TPGs unless one has been convicted of fraud. The situation will probably last only until the first lawsuit is won. It doesn't matter whether some people dislike the grading standards by SGS, ANACS, and PCI. This just doesn't look right from a legal standpoint.
Um, based on what? There's no law I know of that states you can't choose what to sell or what not to sell, or even decide that only certain companies can have their items listed as "certified," which is the case with eBay. I don't know what basis the companies not included are trying to sue under, but just because they're suing, doesn't mean they'll win. As far as I know the only illegal (not all forms of discrimination are illegal) forms of discrimnation are race, national orgin, and religion, in some cases, age (though age discrimination is sometimes legal, usually in the case of minimum age requirements, rather than maximum ones), in some states, also gender and sexual orientation... don't see how that qualifies here... "because you don't meet our standards" is not illegal discrimination! If anyone can cite an actual law that says otherwise, or can cite a specific law that eBay is breaking by enforcing its current policy regarding TPGs, feel free to correct me on this.
troodon, I'm not a lawyer but you may have said it yourself -- it doesn't meet their standards. Well, my guess is that Ebay has no written standards by which to objectively judge and exclude certain businesses from being listed on their website. This isn't something that would fall under any of the standard equal opportunity employment laws but I can't see it being legal. Can a newspaper exclude certain car dealerships from running ads? Can a TV station accept ads from Pepsi but ban Coke? Can Bloomingdale's pay to have an insert in the Sunday paper, but Sears be banned because the quality of merchandise "doesn't meet their standards?" Maybe. But if I was ANACS it would be worth a little time and money to protect my brand by suing Ebay to see what happens when Ebay tries to convince the judge and jury that ANACS isn't a legitimate grading service.
