An SGS graded coin I have...

It is ms-70 with a certificate of authenticity, it's a 1946-D Roosevelt dime... is that worth as much as I would expect it to be worth?

 

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nope, SGS is garbage, the coin might make ms-65 maybe. Hope you didn't pay too much.

 

Post pictures and I sure some forum members will give you grading opinions. As you can tell from the above post SGS is not well like around here for very good reasons.

 

Please post a link to the auction !!

Best to avoid Slimeball overGrading Service !!!

 

Can someone please tell me what these reasons are?, and no, I didn't pay much for it, that's what's concerning me. edit: there's no auction

 

It's pretty simple actually.
SGS is owned by the same person that runs Abon coins. Abon is a huge seller.
They slab their own material and as stated by others are well known for seriously overgrading coins.

The MS70 grade attracts a lot of attention. Were it in a PCGS, NGC or ANACS holder it would hold a lot more weight as these organizations only grade coins. THEY DO NOT SELL THEM. It is not really in their interest to overgrade and drive up the price as they ONLY grade.

Any Grading service that sells coins as well should be suspect. PERIOD!

Want proof? Go to ebay under Morgan dollars and put MS67 into the search engine. You'll see a lot of SGS coins and maybe a few by PCGS or NGC. The SGS coins will get a small percentage of what a PCGS or NGC will.

You will also note that an auction by Abon quotes several sources with really high prices yet they never come near those prices at auction's end. Tha'ts because in a PCGS, NGC or ANACS holder these coins would NEVER get graded that high.

It's basically fraud under the guise of "grading coins is subjective".

 

Yeah, what he said !!

 

k, thanks... so PCGS, NGC, and ANACS are different grading companies, and they would never, or almost never grade a coin as ms-70?.. so ms-70 must be really, really rare... so, a coin like mine in a true ms-70 condition would be unheard of?

I'm not arguing with anyone either.. I don't know much about this stuff, but I do like to collect.

 

MS-70 is not unheard of, but is exteamly rare.

 

The key is MINT STATE 70 or MS-70. They are extremely scarce, however, they do exsist.

Now a PROOF 70, or PR-70 is much more obtainable due to the nature of the game...Proofs are given special treatment from the get-go.
Also, just because a coin is in a PCGS, NGC, ANACS or ICG ( the Big 4) holder does in no way guarantee the grade, they are far more LIKELY to grade accuratly and WITH NO CONFLICT OF INTEREST.

 

thanks for the help everyone... I'm happy with it though... it looks pretty new for being 61 years old.

 

You know little_p for starters welcome to the forum!

We don't think you're arguing here. You ARE looking for information and you've come to the right place.

YOU LIKE TO COLLECT! That fits you in nicely here.

Do not be afraid to ask questions. There are a lot of people here that can really help you make informed decisions. None of know it all but collectively we do know a lot.

Do some research, ask the questions and PLEASE do it before you go on a shopping spree! We're here 24/7.

clembo

 

Probably circulated.

 

Not necessarily. I have a Washington quarter slabbed by SGS that doesn't show any signs of circulation. It doesn't look MS-70 like the slab states (too many contact marks/ blemishes) but it is uncirculated.

 

gopher:
Good, they at least got it 1/2 right.

 

Best to stay away from SGS and any other tpg other than PCGS, NGC, ANACS, and ICG (ICG only for coins older than 1964) unless there are very good pics and you know how to grade for yourself. Welcome to the forum.

 

Have had 2 questions from buyers on my Morgan auctions already today asking why Im slamming SGS in the auctions.

My reply...still thinking about it

 

I'd be careful slamming anyone in your auctions Jack. Papa ebay will yank them for telling the truth especially if a power seler like Abon sees it.

Just another great example of how ebay works for you NOT.

 

I agree. Of course it could be worded nicely and still slam SGS.

 

This is the slam:

link removed

heres another, more blatant slam:

link removed

Thanks guys...
Aj

Please don't link to your own eBay auctions as that falls under the self promotion restrictions.

Chris