SEGS NOT HONORING GUARANTEE

It's not about another grade opinion. I don't see the point in filing a lawsuit when there are other options. Not happy with SEGS? Then submit the coin to NGC/PCGS instead of making a drama.

 

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So you think the appropriate course of action for Ford refusing to honor their vehicle warranty is to send the car to Chevrolet?

 

I would simply not buy a car from that car maker anymore. Also, the coin wasn't damaged, so it's not exactly the same than a broken car.

 

You're missing the point micbraun. This isn't about the coin any longer. SEGS should make good on their guarantee in one way or another. Instead he chose to stonewall the op. I would fight this too. It's not right, period.

 

Were these claims filed with an intent to frighten Mr Briggs?

Buyer bought a coin slabbed by SEGS as MS66 and the seller had a disclaimer ("Please note SEGS is not considered a top tier grading service, please see photos for details.")

Now, did the buyer decide they were not risking anything if it turned out to be less than MS66 because they thought SEGS had to cover the price difference?
Did they actually think SEGS would regrade it higher? Did they actually send it (or show it) to SEGS first?
Once again, the "guarantee" they keep quoting, "All SEGS Coins Are Guaranteed" only pertains to authenticity, etc.

I feel, as does 'micbraun' that we have not been told the entire story, or maybe the original intent of the purchase, and we've only gotten the part that would garner an agreement.

 

Yes.

 

Why does the op's intent matter?

 

I feel a good question is why she chose to resubmit it in the first place. It seems more and more like a money-making scheme as time goes on.

 

Some may question whither someone would see a $19K PCGS price for a coin, and see they could buy it for $5K with what they assume to a guaranteed lock on it not being the slabbed grade and they could claim the difference from the original graders so-called "guarantee", thereby pocketing a tidy sum! However, they ran into a couple of snags. One, PCGS prices are just that, PCGS prices. And two, no such guarantee existed. In that scenario there would have been larceny afoot. Just a theory!

 

nvm

 

This is the second time you have made a long post about how it only pertains to authenticity. This is the second time you have shown us you didn't take the 20 seconds it takes to read their "guarantee". Long story short since the "guarantee" has been posted and linked over and over and over again in this thread and you have still not read it is, you couldn't be more wrong

 

No, I just avoid jumping to conclusions w/o knowing the entire story. We've just heard from one side so far, right?

 

Yes, but that has nothing to do with SEGS not paying the difference from s SEGS 66 to a SEGS 64 per their guarantee. Absolutely nothing

 

Does SEGS even have a price guide?? The OP didn't say she wanted Segs value compensation, she wanted 19k, which of I'm not mistaken was PCGS retail price guide.

 

From the guarantee: "Fair market value shall be determined by SEGS based on recent actual transactions in the market place for coins of that type, variety, error, and/or grade."

This is what they should do, IMHO.

 

So then Fair Market Value is about $4999, right? The give the OP her MS64 coin and $1999. Done.

 

Remind me to forget ever thinking about getting an SEGS coin. There. I reminded myself.

 

That would be a satisfactory resolution, to me, based off of the info stated in this thread by the op.

 

The quote "All SEGS Coins Are Guaranteed" does, as a matter of fact, refer to the authenticity.
If he is talking about a resubmitting grade guarantee then he should have his attorney double check the wording, and SEGS LLC responsibilities with SEGS attorney and not try to get those of us on a message board to just agree with him.

One thing is for sure, we are all getting far afield from what's going on here. If you are having an issue with SEGS intentions you should maybe contact Larry Briggs and not try to analyze his intentions through a message board.
Of course, as I stated earlier, there are those here who despise Mr Briggs, and those who do not. Postings usually reflect that fact.
There are also those who can read words, yet have no idea the meaning in their full context.
Hope I didn't make this post too long.

 

You summed up the situation correctly. And I also agree with the other contributors who take the position that the OP was trying to buy the coin "cheap", use the grading guarantee to have it downgraded and collect the difference with the PCGS Price Guide which probably isn't what the coin is worth anyway. I don't see any other motive for it.

The most I believe the OP is entitled to is the difference between what they paid and the value of an SEGS MS-64. If not that, then nothing.