Abon coins busted (must read)

Let's move away from the political stuff. It's already gone too far and I completely started it.

I think we all can agree that it is a good thing this company is being hit hard like they are. It is inexcusable for scamming anyone and I am not defending them in any way whatsoever.

My remark ran this train around so let's please move it back to the topic at hand.

Did anyone here use the company listed above?

 

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I never did buy from them, but I certainly watched their eBay activity with dismay for a number of years.

It's an interesting contrast to THR, which apparently was extremely scummy on the buying end, but seemed to run a pretty tight ship selling on eBay. I got most of my Barber half collection from them, along with some other good finds, before I discovered just how they were getting all the cool (and honest-to-goodness unsearched) stuff they were listing.

 

I used Abon and SGS, I bought their SGS slabbed coins but never submitted anything to them for grading (even I'm not that naïve, crazy or both). I'd say roughly 90% of the coins they slab are graded totally wrong. However I must admit I've resold many of their SGS slabbed coins for handsome profits. The thing is their slabs don't look all that bad as the dark yellow ones really do look professional. If you check out my online stuff below I still have some of their slabs available. Based on my experience selling coins, my PCGS ones are the best sellers. Nearly all of them are sold out. However the other slabs I have for sale do fine as well. I wasn't looking to promote myself here but rather talk about coin slabs with particular attention focused on SGS because I actually dealt with their stuff.

 

Let me see if I understand you. You think segs is a better tpg then pcgs and ngc, and you bought and then sold sgs coins for handsome profits. You state that "roughly 90% of the coins they slab are graded totally wrong. ". So are you paying nothing to buy coins from demented old people who can't think anymore? Or are those sgs coins undergraded 90% of the time and you just crack them out and resubmit them to segs (which you stated previously that you prefer over pcgs/ngc)?

I did look over your website, where you appear to me to be asking on rough average maybe 30-70% over market e.g. Bay bridge 50c segs ms 63 cleaned for 148.99 more then grey ms 63 uncleaned 130. (Maybe this is just an example of another segs tough grading system). Do you just have a lot of people you sell to who don't know too much? one thing I did figure out is there is no possible way you buy sgs coins from a coin dealer (one who appears to be going to jail) and profit on coins that you say are wrong 90% of the time, selling them for honest market retail prices, unless these guys were just moving stolen coins cheap. Are you that guy on hsn selling coins? Because that is the only scenario I can imagine where you are accurate on your post.

As an aside, if someone posts asking for advice on a topic responding 12 years later probably won't be very helpful. Just my opinion.