I have received an SGS MS70. I have never heard of the Start Grading Services (SGS) and of course realize I probably do not have an MS70. Does anyone know anything about this company?
SGS is another typical third-world grading service that will overgrade and even encapsulate problem coins without noting it on their insert. Like any of the other similar services, it is not a very good idea to buy coins in their slabs without inspecting them first. Chris
Sounds about right. I am looking at an '89 penny with what looks like someone scribbled on it with a pen. Also plenty of scratches to go around. I am sure it may bring a pretty penny to an amateur like me though.
I wouldnt even call them a grading company. Its more like some guy that sits in his house and just puts junk into holders and prints a label puts it in the holder till a sucker comes along.
http://www.stargrading.org/ Butttt, they say on their site: I find the first part pathetic self grandizing, and the second part terrifying
I would think that the invitation from the ANA was SOP because they are a non-profit organization overseen by a Board of Governors. As for the second part, it only reaffirms my contention that there too many Bidiots on eBay. Chris
I am sure you are correct, It is rather like receiving mass invitations to bid on large projects that you know you can't complete, and saying " Yes, the IRS wanted me to consider building the local office for them, but I didn't have the time"
Kinda sorta but not really. For many years the ANA only sent invitations to bid on their endorsement to NGC & PCGS. Then the self slabbers started whining saying they could get the ANA endorsement too if they had a chance to bid. So the ANA said put up or shut up. Here's the list of requirements that those bidding on our endorsement have to meet before we will accept a bid. The requirements were basically for the bidders to submit an assortment of correctly graded coins so that the ANA could see if they knew what they were doing. Needless to say, the self-slabbers never sent any. But yeah, they were invited to.
Now come on, tell the truth not EVERY coins is a 70. They do have a few 68's and 69's as well. Believe it or not I've even seen a circulated coin from them. Stress on the "A". And I can believe 7% of the coins are SGS. Of course they don't mention that 80 to 90% of those are all being listed by the same person, the owner of SGS. As for the grading invitation, Doug is right they pretty much opened it up to ALL of the grading services. But you have to have a pretty deep checkbook to compete for the honor with NGC and PCGS. The Official Grading Service is not awarded on merit, it is a matter of who is willing to write the biggest check to the ANA. The honor isn't earned, it's bought.
