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Just got kicked off the eBay Coin Forums for 7 Days...SGS Coins
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<p>[QUOTE="Midas, post: 129267, member: 2761"]<img src="http://bestsmileys.com/angry1/17.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Apparently I have gotten under the skin of Aboncom and SGS (one in the same). All I did was state that this eBay powerseller (Ab-----) owns and operates their OWN slabbing service. I didn't even fully mention the seller's name (Aboncom) as I could here as my only intention was to alert newbies about the practices of this seller/slabber. So after a few eBay generic emails warning me to stop picking on SGS, I am now offically booted from their coin forums. Gee...I could spend more time HERE!</p><p><br /></p><p>:whistle: </p><p><br /></p><p>Remember...SGS, and other "alphabet" grading companies that have invaded auction houses like eBay only exist for one reason and one reason only...to scam newbies into thinking their listed coin is in fact an "independently "graded" coin so that you will bid more agressively than if the coin were sold raw.</p><p><br /></p><p>This is a huge issue when you buy coins "sight-unseen" on eBay. Unless you have the seller's first born and you can return the coin at a minimum cost, I would treat all of these "alphabet slabbers" as if the coin were being sold raw...nothing more.</p><p><br /></p><p>They are marketing this "peace of mind" in order to drive up bids and profit over and above the true value and grade of the coin.</p><p><br /></p><p>Bottom line...stick to the top TPG's such as PCGS, NGC, ANACS and ICG. Sometimes you may find some deals from the next tier of grading companies like PCI and SEGS. All of the "other" grading companies are just those sellers trying to make a quick buck at the expense of people that "think" they are getting a perfect 70 grade coin...when it is NOTHING of the sort. Worst yet, I see that SGS has moved into Morgans! I see lots of MS67 and 68 grades!</p><p><br /></p><p>Do some research and see for yourself. Better yet, save your money and go to a nice coin show where you can SEE and HOLD what you are buying. After all that is said and done, you should buy the coin first over what plastic it is held in.</p><p><br /></p><p>Only on auction houses like eBay will you find these "slabbing" companies/sellers that are only trying to sell you a bill of goods. You will hardly see these slabs at coin shows unless a seller got so disgusted with his "70" coin that he was willing to unload it at MS64 Bid pricing...just to recoup some of his lost money!</p><p><br /></p><p>Pass the word and if you see any postings about SGS and what happened to "zakgold", please extend my salutions as I sit in the penalty box.</p><p><br /></p><p><img src="http://bestsmileys.com/crying/1.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Midas, post: 129267, member: 2761"][img]http://bestsmileys.com/angry1/17.gif[/img] Apparently I have gotten under the skin of Aboncom and SGS (one in the same). All I did was state that this eBay powerseller (Ab-----) owns and operates their OWN slabbing service. I didn't even fully mention the seller's name (Aboncom) as I could here as my only intention was to alert newbies about the practices of this seller/slabber. So after a few eBay generic emails warning me to stop picking on SGS, I am now offically booted from their coin forums. Gee...I could spend more time HERE! :whistle: Remember...SGS, and other "alphabet" grading companies that have invaded auction houses like eBay only exist for one reason and one reason only...to scam newbies into thinking their listed coin is in fact an "independently "graded" coin so that you will bid more agressively than if the coin were sold raw. This is a huge issue when you buy coins "sight-unseen" on eBay. Unless you have the seller's first born and you can return the coin at a minimum cost, I would treat all of these "alphabet slabbers" as if the coin were being sold raw...nothing more. They are marketing this "peace of mind" in order to drive up bids and profit over and above the true value and grade of the coin. Bottom line...stick to the top TPG's such as PCGS, NGC, ANACS and ICG. Sometimes you may find some deals from the next tier of grading companies like PCI and SEGS. All of the "other" grading companies are just those sellers trying to make a quick buck at the expense of people that "think" they are getting a perfect 70 grade coin...when it is NOTHING of the sort. Worst yet, I see that SGS has moved into Morgans! I see lots of MS67 and 68 grades! Do some research and see for yourself. Better yet, save your money and go to a nice coin show where you can SEE and HOLD what you are buying. After all that is said and done, you should buy the coin first over what plastic it is held in. Only on auction houses like eBay will you find these "slabbing" companies/sellers that are only trying to sell you a bill of goods. You will hardly see these slabs at coin shows unless a seller got so disgusted with his "70" coin that he was willing to unload it at MS64 Bid pricing...just to recoup some of his lost money! Pass the word and if you see any postings about SGS and what happened to "zakgold", please extend my salutions as I sit in the penalty box. [img]http://bestsmileys.com/crying/1.gif[/img][/QUOTE]
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Just got kicked off the eBay Coin Forums for 7 Days...SGS Coins
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