Hey guys I just bought some nice early proof sets from my coin dealer and he was offering me a SEGS MS64 1909 S VDB for 2200, just wondering since it SEGS if you think I can make something off it........I see the PCGS ones go for about 3600 but never heard of SEGS.I dont collect pennys so it would be strictly to sell it.:hail: thanks in advance for the advice
I've seen some nice coins in SEGS holders, but I've also seen a lot of bad ones that had problems (cleaning, artificial color) in SEGS holders too. Unless you really know how to grade the difference between a 64 vs. a 63 vs. a 62 vs. an AU and unless you're knowledgable enough to determine artificial coloring of cents and are able to spot a light cleaning, I'd avoid the coin and buy one in an NGC or PCGS holder, preferably from a reputable dealer that you trust that can vouch for the coin as being one of the good ones as there are even some substandard examples in holders of the top companies. Good luck.
Just MHO, PCGS, ANACS, and NGC are the top 3 grading services out there and quite consistant with their grading.
If you don't collect cents, you probably don't know how to grade them either. There is a reason the coin is offered at such a comparatively low retail price. Wholesale for that coin will tend to be quite a bit lower than retail. As always, the collectors that tend to make money in coins tend to have an edge. That edge might be in grading skill, in access to coins, market knowledge, or a combination of those three. For this case, it may be that you don't know how to grade the coin, don't know what it is worth in its current holder, and buying from a dealer at a retail price. If a person is 0-for-3, the odds of making money are slim. The odds of losing money are high. A person might beat the odds every now and again, but if they keep playing the game at a disadvantage, they will lose over time.
As has been said already,,,, I've found some very nice (undergraded) coins in Segs and Pci holders in the past.... but you have to be careful to note the color and ensure it's not been altered or cleaned. Just my experience, but the winners I've found in segs and pci holders were relatively common dates, the key dates I've seen in those holders tended to more agressively graded.... I'd be very surprised if this coin your referring to would cross over to pcgs,ngc, or anacs as a 64,,,,, my guess is that the $2,200 the dealer is asking for it is probably the retail price of the grade that it is likely to cross over to if re-submitted to one of the big 3.... or it's color is questionable. Dealers are NOT in the habbit of giving away coins for $1,000+ less than they could get for it after a quick crossover regrade... Your dealer is likely either selling you an overgraded coin, or a coin he/she knows would not cross over to pcgs due to a cleaning or it being re-colored..... save your money unless you know what your doing....
