Has anyone had coins graded by Universal Grading Service?

Er LJR - are you a representative of UGS?

I beg your pardon but if you think cheap services are good, do a self test. For experimental purposes, you can crack out a coin from a pcgs slab and send in the UGS and vice versa.

I personally detest slabbed coins because of these grading issues and this is no exception. The above examples that I have seen are ALL overrated.

 

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Hello LJR Response,
If you read above I already did as you requested and the two examples are desribed
You detest slabs so you must know your grades, most do not detest certification as it should be a trustworthy method of supplying the stated product and a trust must be established. There is nothing wrong with inexpensive when it's accurate and again I have compared products versus cost versus facts..

 

LJR,
no I'm not a representative of UGS, just someone who I can personally trust.

 

Wow, Deja-vu. This sure is starting to sound like another shop/slabber relationship from the past. LJR, if you check through the past threads you will see why members are hesitant and leary.

 

Nothing wrong with hesitancy, but no fair jumpign to conclusions either

Cant we all just share a hug together and get along? (rolls on floor laughing my arse off)

Sorry folks, I'm on hour 12 at work with high hopes of leaving in 3 lol see y'all in the funny papers

 

As a novice and searching for knowledge regarding many of the TPG's, I would say I would stay clear of UCG graded coins mainly because I find NO guaranties or warranties for their product and services.

Nothing at all is listed on their website. They do state what they will and will not grade, that's it. But what can one expect for a $3 certification fee ($10.00 Attribute/Variety Flat Rate Certification Fee)

They appear to be a new service on the block and from what I read here a roll off of another company that had problems.

The problem I will always see with these upcoming new TPG companies is that they will most likely NEVER reach the services of the TOP 3 or 4 companies.

While grading may be good what does one expect to command for an MS69 coin from UCG vs the same coin from NGC, PCGS, ANACS, ICG?

 

I mustcome to the defense of slabbers who are not on Mt. olympus take a second and chek out this litigationthat was filed asa-accugrade.com redhorseseems png ,itca,pcga were fined before this case at a tune of 4 million plus could not operate for 2 years I do believe if you read the law suits some of the luster will be removed

 

How difficult can it be to realize that if you are to resell the coins, the exact same graded UGS vs the top few tiers wouldn't even give you close to the realistic value? Especially when you are talking about coins that are worth hundreds over, putting them into such slabs is just nothing but a foolish idea and a waste of potential capital you could have earned if you put some extra 10-15 dollars into it.

 

LJR Response,
Have you picked up a UGS Certified Coin and inspected it personally or are you looking at webiste looking at pictures?? I purchased a PCGS Cetified Kennedy Half with a FIBRE/HAIR under the capsule on the obverse and I could'nt see that on the picture. I contacted PCGS to recapsule, probably (4 MONTHS) ago and I have yet to have a response.
Like you and I have have passed stated, we all have opinions.

Best Regards

 

LJR Response,
I'm laughing, but I don't hug...

Best Regards,

 

:eating:

Simple answer, when people become less closed minded that the Big 4 are not in fact perfect and that there is a possibilty of someone out there who can be compareable and cheaper. There are dealers out there who may ot buy these coins sight unseen, but will pay compareable value as ANACS and PCGS coins. Why does it have to take 4-6 months and $20+ to grade a coin?

As soon as I get my desktop and its scanner up and running this week, I'll see if we cant see a difference. I have coins from PCGS, PCI,, UGS and GCC ( dont ask it is embarrasing) then we cna do the grade guess and compare them to the ones on the slab.

 

Exactly, but it comes down to how accurate can the slabbing companies be like what Doug said. Percentage is a MAJOR factor here and can help to keep / ruin reputation. Granted, 4-6 months to slab coins is a bad joke, and the price is getting a bit too much these days. I personally don't buy slabbed coins and don't intend to any time soon.

Comparsion between different slabs and guessing the grade will be an excellent idea to do with the public here to see what company have a tendency to over/undergrade coins.

 

Very interesting thread this is! Personally I send all my coins to ANACS because they are reasonably priced and do slab problem coins thus no body bagged coins (unless they're not authentic), they have a decent turn around time and their grades seem to hold true to actual grade of NGC and PCGS. Also, upon resell, they seem to get nearly as high of return as the other major TPG services do. JMOO!

 

LJR,
UGS is trying to establish themselves as a legitimate Grading Company and will never take advantage of anyone. If they miss a grade once in while that's the worst and they will stand behind their product. For UGS to be labelled so, again is a miss truth..Tell me what you know about UGS and the history of ownership...what I have read in past links does miss the mark..

Regards,

 

I am missing something. NOWHERE repeat NOWHERE on Universal Gading website do they mention any guaranties or warranties relating to their product or services. As a novice, I am doing my research and have posted what I've found regarding several of the better known companies and their guaranties and warranties here. Is there somewhere I can find their written policy of their guaranties? It should be readily available on their website. A written policy is worth much more than an implied one as it does help people like me make informed decisions..

Until this thread I had never heard of this company. While this company may be one of the new services on the block they will have a long way to go to become an established reliable service. Looking at the whois information regarding their domain name it shows; Creation Date: 21-aug-2005 so they're are aparently very new on the internet block.

Of course as a newbie, I've been told to stick with the top 3 or 4 established grading companies to be somewhat safe. After all, grading is subjective and no one company will get it right 100% of the time as I[ve found out. On the other hand, if I were wanting to have my coins placed in slabbed holders without reguard to grading to keep them a little more safe this companies pricing would most likely fit the bill, or I could order up some holders and tape them together as the likes of SGS and others are doing or just place them in direct fit airtites.

Regards

 

hmmm, can you point me to this information? My understanding is that this lawsuit was filed in US court and in FL court and that the US case was thrown out rather promptly for being baseless and that the FL case has taken longer. In the state case the minor defendants had the complaints against them dismissed quite some time ago and in the past month all but one of the major players had their complaints dismissed,too; and the only remaining defendant is in the process of processing the paperwork to have their complaint dismissed too. I am unaware of any fines levied or any 2 year period where a business was not allowed to conduct business. COuld you point me to this info? Thanks

 

In response at www.asa-accugrade.comthe 11 count law suit was filed july 11 2006 there is three internal links on the current lawsuit the 3 link on the disclosure of thecompanies sorted pasts in this link the ftc fined andenforced the 2 year punishment.it is in the png survey link if Ican be of further help please post redhorse

 

your link is broken, please repost.