DGS grading?

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It would be kind of neat to have their early slabs...especially if they do take off. I'd imagine in this economy...they are looking for any work they can get.

 

I have one DGS coin and it is an absolutely beautiful 1909 VDB, very accurately graded, if not conservatively. However, it is really hard to sell since most people are not yet familiar with DGS. You can get some good buys of coins in their holders, so I would recommend that you consider these coins if you come across them, but of course, buy the coin, not the holder.

 

The rare Black NGC holders sell for big bucks. This is a great example of buying the slab and the buyer not caring what coin is inside!!

 

Well, some people do collect slabs though (to each is their own I guess). I was referring more to the old PCGS rattler slabs. They tend to be sought after because of the upgrade possibility.

 

I agree with the pennylady, they are probably accurate graders, but the only place really to sell the coins with DGS holders are at DLRC. I like their grading system for damaged coins, it seem to give a grade if the coins weren't damaged, although it will say coins are damaged. For example there is a DGS MS62 Barber dime at DLRC with questionable toning, scratched also mentioned on holder. It seems more accurate than PCGS's plain genuine with no grade, or NCS's unc details even though the coin might be MS65 with cleaning or damage.

 

Neat lookin' slab too....

 

http://www.dominiongrading.com/authentiview_lookup.cfm?digiserial=011477006
I sent sealed in a seal proof set somehow a finger print showed up

 

All I had to do was e-mail my photo with a date stamp on and David Lawrence E-mail & send me a NGC Pr-68. I was one of the 1st to have coins graded by DGS
so they knew that they had mishandled this coin and someone at DGS try to wipe away there finger print
I would still use them if they ever get accepted
also I sent this 1959.

 

Tell us Penny Lady, as a veteran of coin grading and the bourse circuit, how you view DGS grading?

Just wondering...Mike

 

From what I have seen of DGS they are superior to PCI and considered to be good graders.

Remember, this is the old David Lawrence company.

 

Thanks for the post and commentary.

First, allow me to clarify that Rick Snow does not work for DGS. He is a "signature series" grader along with other known experts in specific areas. He does not grade all the Indian cents here; only the ones that submitters opt for his "Signature Series" which comes with an added cost -- mostly due to logistics.

Second, regarding the potential for conflicts, we note every coin that DLRC submits to DGS for grading with the letter 'D' at the end of the serial. We have, and always will, go to great lengths to maintain transparency in out operations.

We are very confident that we can maintain the same integrity at DGS that we have built over 30 years at DLRC. It's really simple actually. Do the right thing, grade properly, and have a great staff. I think over the long haul you will find DGS to be a premiere grading service and we plan to be here a very long time.

Sincerely,
John Feigenbaum

 

Hi John. Thanks for the info, particularly this tidbit, which I was not aware of.

 

IMO it is still a big conflict of interest.

 

Conflict of interest is inherent in all businesses. No argument. And there are potential hidden conflicts of interest in all the major grading services. What's more important, is integrity. If you think we have integrity in our coin dealings, then you can safely assume that we bring that same integrity to grading. It's that simple, really.

 

Doug,

When David Hall Rare Coins started selling a lot of higher grade PCGS certified coins was exactly when I stopped putting so much credibility in PCGS graded coins. Seemed like a conflict of interest to me, and still does. They, in essence (to me), became a self-slabber, and it was at this watershed moment that I stopped being so confident in their grades and started to grade slabbed coins for myself. That was, and is, a good thing.

 

The suspicion or perception of a self-slabber might be there, but that is not the same as the reality of it. I choose to believe that David Hall did not grade his own coins, at least not knowingly. Still I understand that others may believe otherwise.

 

Mark,

This is not anything personal against David Hall. At the time that DHRC started to sell PCGS coins, I didn't know exactly what to think except that it could definately be a conflict of interest. I also thought at that particular moment that it would behoove me to learn to grade coins just as well as Rick Snow, Randy Campbell, Mike Ellis or even you, Mark.

It was at that watershed moment that I committed to studying coins by reading everything that I could find on them, exposing myself to as many as possible and listening to what people had to say. Every day for me is a learning experience, and not a day goes by that I don't read something about coins.

I work part-time in a coin shop here in my hometown. There I see a variety of coins that I would never be able to look at, hold and grade otherwise. I believe that I am getting close to my goal. I don't mean that to sound arrogant or egotistical, I am merely gaining confidence in my skills.

Nothing personal against David Hall. I would assume that he is a stand-up guy and an honest dealer, but I realized that if I wanted to succeed in building a nice collection that I needed to be able to assess a coin on my own and not take PCGS's or anyone else's word for it.

 

I think that's great, and I highly respect your attitude, as well as the way you are going about your collecting.

 

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