The SGS giant ABON is getting their due. The buyer spent over $3,000 on 3 auctions and left the following negative feedback for the company that has more MS 70s than the US Mint. Feedback from Jun-24-06 Sent coin to PCGS NO CROSSOVER AT MINIMUM GRADE MS 63 (from MS 67) WATCH OUT!!! http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39472&item=8415650178 $1,525 Sent coin to PCGS NO GRADE CLEANED!!!! WATCH OUT!!! http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39472&item=8416607320 $845 Sent coin to PCGS NO GRADE CLEANED!!!! WATCH OUT!!!!! http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39472&item=8414416866 $735.01 No feedback left for the buyer as I write but I'm sure the Supreme graders will leave a snide comment and tell everyone the buyer is forever blocked from being fleeced again. PS: To anyone living in Ohio,is there a sitting Attorney General or is the office vacant ? Meanwhile my treasured SGS MS 70 Cent speaks volumes. http://i56.photobucket.com/albums/g199/ptn21/SGS009.jpg http://i56.photobucket.com/albums/g199/ptn21/SGS006.jpg
Two things that I find very unfortunate about something like this: 1) That a company like this is able to operate. 2) That a person would be willing to shell out this kind of money without first doing a little research.
The person shelled out that money because he thought he could buy a coin at one price, then turn around and have it be worth much more by getting it graded by a "mainstream" TPG. He was, let's be honest, naive. For if his operating theory was correct, the SGS people could have done it themselves and gained the extra value. It puts me in mind of some eBay victims whose bids winning bids were well below melt for various gold coins - well below what the lister could have gotten by taking them down to his local coin dealer/bullion merchant - and then were surprised when they never got anything for the payments they sent. Sure it's a shame they were ripped off, but then what were they thinking?
I agree with jackeen. There's no such thing as a free lunch. SGS uses other peoples greed against them, just like a good con artist. Greed and ignorance are the breeding grounds for theives. TraderNick
To who and for what? What specificly have they done that is actionable? Saying that a coin is a grade that you don't agree with?
The fact the seller had 56 negative feedbacks in the last 6 months should of warned the buyer. For every 12 upset customers on ebay there are usually only a few negative feedbacks. Ebay's feedback system leaves a lot to be desired. As far as SGS. If they can grade a coin like the first one a MS67 they do suck.
May I offer this without further comment: http://cgi.ebay.com/1883-MS60-SGS-G...7QQihZ020QQcategoryZ11953QQrdZ1QQcmdZViewItem
lol, directly from the listing: "This specimen has the same gold plate as was used 123 years ago." They at least admit that it is only the same type of plating and not an original, although it is carefully hidden in the description.
Just out of curioisity, does any one know what, if anything, an authenitc gold plated 1883 nickel is worth?
They can sell for anywhere from $5 to $50 - depends how bad the buyer wants one. And as has been said, there is no guarantee it's not a modern fake.
Hard to tell, but one thing to check for is if the luster of the gold plating is consistent with the wear on the coin. Also gold plating in 1883 was a lot more crude than today so it should look a tad more uneven than more modern electroplating would. For the most part though it's nearly impossible to prove when it was gold plated unless it has obvious signs of being heavily worn before plating was applied.
Love how they quoted the Josh Tatum story, lol... have seen several times that story was incorrectly attributed to the origin of the phrase "joshing." It apparently started out as a joke that apparently got mistaken for a serious story somewhere down the road.
