how many members own a SGS slabbed coin?

Sapper:
UGS? Ugly Grading Service?
Unwanted Grades Slabbed?
U Grade Stuff?

 

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I have wanted to do that so bad, buy a SGS coin for $50 and compare it to a PCGS or NGC, everything and being equal with grade and date and mint mark. I was basicly called a fool and a gypsy here at this site forever tarnishing my feelings.

 

alwayslost:
Don't feel bad, we all do stupid things.

 

Universal Grading.....

to be honest with you, i cant tell the difference in grading between them and my PCGS. I've taken soem of the few slabs i do own to dealers cover up the name and ask for their gradign opinion just for my information.

Always been +/- a point from the grade given

Only slabs I really rally really want are the rarities/ frequently faked. Makes resale so much easier that way when I retire to Mexican beaches

 

I don't own any SGS coins, but I do have a PCI graded 1981-S Type 2 Lincoln Cent. Does that count?

 

Mike:
Did you pay face value?

 

I have several UGS slabs, mostly rpm's and I agree with the grading and the vareity designation is always right on.

 

None....and after reading the posts in Coin Talk I have NO plans on adding such a slaabe coin.

(unless the price was right and I wanted THAT coin... )

 

OK, you got me on this one... I've been bad, and I know it...

I've never grabbed an SGS coin. But when I first started out, I did buy a few from NTC (Numistrust Corporation) and even an NNC (don't even know what that stands for).

Youthful folly !

But as I learned more, I divested myself from those suckahs. Cracked 'em out, got 'em graded by real TPGs, and sold 'em or kept 'em as appropriate.

My original strategy was "I know NTC is sub-par. So I'll assume they're overgraded by two points and bid accordingly."

WRONG. Wrong wrong wrong.

I learned from that mistake, and now I do the one program on which we seem to all agree :

Educate thyself
Buy the book before you buy the coin
Buy the coin, not the slab

Thanks for the edu-ma-cation !

 

saw a 2 dozen of SGS slabbed coins in a bargain bin at Baltimore today. i about laughed too death. the dealer got them from a collection he bought. too funny.

-steve

 

What type of coins were they and how much were they priced at? Remember, they're still genuine coins with value. They're just overgraded.

 

I avoided SGS by buying a GEC graded MS70 2007 ASE. When I saw the scratch through the suns rays on the obverse, with the naked eye I knew what I was dealing with. Now I keep it as a $20 reminder or these greedy theiving *******s that'll prey on the uneducated it this matter. As I've said before; we must continue to bring this thread up on a regular basis to inform & educate the unsuspecting collectors out there. Maybe we'll even save them a few bucks.
WELL, Who else is gonna do it.!!!

 

i was too busy laughing to really look at them - i'll swing past in the morning and take stock of what they actually are and try to not laugh too much.

-steve

 

steve:
good luck and lets hope that the dealer wasn't hungry yesterday at lunch, he may have used them for change.

 

I got slickered several years ago and thought i really had something going for myself..that is until I came here and was beaten down and hung out to dry and cry..all because of junk like that,
Bruce

 

Bruce:
No one should have beaten you up for trying.
They were wrong, this forum is to educate, not put down.
But still.... did you really buy them?
(Just kidding).

 

Thank you, I think i exaggerated slightly about the replies, but really found out what a fool and his money is all about.. Without the wisdom of the board members. I might have had a complete Lincoln collection of some real stinkers. My eyes were opened and isn't this place wonderful!
Bruce

 

I am a little curious...did you sell/market them is certified and graded? Well. at least you escaped...but I feel for the person who dropped $600 on this "pig with lipstick".

 

Ever been to the GEC website? Here is a quote from it.

"GEC Grading grades and authenticates US coins and some foreign coins according to their own standards."

For some reason I picture them driving around in old VW bus with flowers and peace signs painted on it. They traipse around the country spreading wisdom(?) and love to the coin collecting community. No pressure from the "man" in their happy little world.

The scratch on your ASE is NOT a scratch dude. It's the sun's reflection off a beautiful, shimmering lake below.
"We have seen the inner beauty of your coin. Eat some of these mushroooms and you will as well".

 

Maybe... maybe not.

"Overgraded" isn't restricted to extra points on the number. It also means they fail to detect counterfeits, forgeries, and cleaned coins. Often, that's worse than a few points.