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<p>[QUOTE="walterallen, post: 129402, member: 4068"]Good work Midas!!! I went to e-bay and read the entire posts and after I had to put my 2 cents in on the subject of SGS grading, if thats what you want to call it. Anyway I too almost got had by this "scam". I had only just started collecting so I was as green as they come about everything. I had just started bidding and buying on e-bay when I saw where I could get 10-12 Kennedy's, MS70 cheap, cheap, cheap. I thought it was to good to be true and boy was I right. I didn't buy the coins, thank god, but I soon learned about SGS and what a joke they are. Actually it's no joke it's a fraud and it needs to stop. I personally don't send coins to be graded, but I will buy a PCGS or NGC graded coin if the prices is right. I also have purchased some other slabbed coins like NTC, NNC that where obviously not up to standards but very very cheap. I bought these to help educate new collectors, mostly the kids, so that they can see the difference between the reputable companies and the off the wall companies. Even between PCGS and NGC there is way to much subjectivity for me to be happy about spending extra money to get a coin graded. I'll let the person who ends up with my collection worry about that. I enjoy having the coins not how much they are worth. I do want to become a expert grader if only in the area of the coins I'm most fond of.</p><p>Again good job and keep up the good work. Wouldn't it be great if we could get a hundred or more cointalk members to voice their negetive opinions on e-bay about these rip off artist...mostly SGS.[/QUOTE]</p><p><br /></p>
[QUOTE="walterallen, post: 129402, member: 4068"]Good work Midas!!! I went to e-bay and read the entire posts and after I had to put my 2 cents in on the subject of SGS grading, if thats what you want to call it. Anyway I too almost got had by this "scam". I had only just started collecting so I was as green as they come about everything. I had just started bidding and buying on e-bay when I saw where I could get 10-12 Kennedy's, MS70 cheap, cheap, cheap. I thought it was to good to be true and boy was I right. I didn't buy the coins, thank god, but I soon learned about SGS and what a joke they are. Actually it's no joke it's a fraud and it needs to stop. I personally don't send coins to be graded, but I will buy a PCGS or NGC graded coin if the prices is right. I also have purchased some other slabbed coins like NTC, NNC that where obviously not up to standards but very very cheap. I bought these to help educate new collectors, mostly the kids, so that they can see the difference between the reputable companies and the off the wall companies. Even between PCGS and NGC there is way to much subjectivity for me to be happy about spending extra money to get a coin graded. I'll let the person who ends up with my collection worry about that. I enjoy having the coins not how much they are worth. I do want to become a expert grader if only in the area of the coins I'm most fond of. Again good job and keep up the good work. Wouldn't it be great if we could get a hundred or more cointalk members to voice their negetive opinions on e-bay about these rip off artist...mostly SGS.[/QUOTE]
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Just got kicked off the eBay Coin Forums for 7 Days...SGS Coins
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