Poll: Do you think SGS is owned and operated by aboncom?

okay, your on,
http://cgi.ebay.com/Perfect-2006-Silver-Eagle-Anniversary-Set-All-70s_W0QQitemZ140287961218QQcmdZViewItemQQptZCoins_US_Individual?hash=item140287961218&_trksid=p3286.c0.m14&_trkparms=66%3A2|65%3A16|39%3A1|240%3A1318

http://cgi.ebay.com/1986-2008-PERFECT-UNC-AMERICAN-SILVER-EAGLE-FULL-SET_W0QQitemZ300276896995QQihZ020QQcategoryZ39488QQtcZphotoQQcmdZViewItemQQ_trksidZp1742.m153.l1262


http://cgi.ebay.com/2008-W-with-REVERSE-OF-2007-PERFECT-


http://cgi.ebay.com/1986-2008-PERFECT-PROOF-AMERICAN-SILVER-EAGLE-FULL-SET_W0QQitemZ270313439872QQihZ017QQcategoryZ39488QQtcZphotoQQcmdZViewItemQQ_trksidZp1742.m153.l1262

http://cgi.ebay.com/1893-P-UNC-UNCI...Z020QQcategoryZ139811QQtcZphotoQQcmdZViewItem

I'll keep adding to this, if you need more, just PM me.

 

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I'm sorry but I don't see where anyone had overpaid a DIME on any of those sales let alone hundreds of dollars. Now if someone was foolish enough to actually buy them then sure. Ihave goone though Aboncom's last 600 closed actions and I didn't see any sales where a collector lost hundreds of dollars. For the most part those that were buy it nows went unsold and those auctions where the coins did sell thy went for around, or a little more, what the coins were worth ignorieing the assigned grade. Collectively I'm sure the buyers lost hundreds of dollars, but not individually.

 

In their auction for a full set of silver Eagle coins, all the slabs after 2000 say the coins have a 'W' mint mark, I'll bet this is not the case.
http://rover.ebay.com/rover/1/711-5...photoQQcmdZViewItemQQ_trksidZp1742.m153.l1262

 

:hammer: I have purchased SGS slabs and most likely will buy more in the future. The difference is I know what I'm buying is not MS70, and the first thing I do is crack the so called slab. I can't afford the ultra high grade coins and this is a way for some of us little guys to own a nice 63-66 graded coin. Do we feel bad for the uneducated or misinformed or do you just chalk it up to a learnng experience for the buyer. A few of the first things that I learned here at CT were "Read the Book before you buy", Buy the coin not the slab", "Buyer Beware". If a few more people would stick to these three things threads like this wouldn't be nessesary.

 

That's OK, I'm sure the ones before 2000 don't have P mintmarks either. But the ones before 2000 were made in Philadelphia, and the ones 2000 and later WERE made at West Point, so I don't have much of a problem with it. It would have been better though if he had put the mintmarks within ().

 

And I'm guessing NGC doesn't go out and buy raw coins to slab.

I would also think that a few years ago it would have been easier to find examples of people way overpaying for a sgs coin. The word is out and when the uninformed bids on an sgs coin they don't have as many people bidding against them to raise the price.

 

There is a lot of truth here. What I wonder is, why don't they all of a sudden change their name to something other than SGS? It may not fool anyone, but it would probably increase their customers at least for a little while.

 

Carefull not to give them any ideas. :secret:

 

I thought they were owned and operated by CAC.

Ruben

 

I agree. I've been fortunate enough to buy a few coins from them at a great price and got a coin I am very happy with. Was it a MS-70, of course not. Is it a coin I got at a great price, you betcha. I posted once almost exactly what you did. Its okay if youremember the buying the coin and not the slab.