SGS touting ANA CREDIBILITY!

I was reading the new e-Bay proposed rules on the e-Bay Coin and Currency forum and found a message that seemed strange to me at best.

So I went to SGS's website and was shocked!

Here's what it reads...
__________________________________________________________
News:
On April 10, 2007, Star Grading Services was requested to submit a proposal for exclusive grading services for the American Numismatic Association. While we do not currently have the resources to do this, we viewed the request as a wonderful recognition of our growing popularity and market acceptance.
__________________________________________________________

I am shocked!

I am not an ANA member so I cannot confirm this statement. If it is NOT TRUE then I would hope that not only would the ANA file a lawsuit against SGS but also publish public statements denouncing this SGS claim.

I would seriously doubt that ANA submitted any such proposal to SGS.

I have read all the current problems at ANA and even with the changes that had been proposed that SGS would not have received such a proposal from the ANA understand how NEGATIVELY the coin community feels toward SGS.

 

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What!!??? I just emailed ana, asking if this was true.

If it is... I cant believe what is happening to numismatists, if it isnt then that should be a very interesting law suit :hammer:

 

They're full of snot.

 

No actually they are not. EVERY third party had a chance to bid on an open contract.

Hamman's Coin Service could have submitted a bid if they wanted to. Very misleading again, is that a suprise from our friends at Slimeball overGrading Service?

 

If the ANA in fact did contact SGS and make that offer, they will be one member lighter in the very near future.

 

I went to the ANA web site money.org and got the e-mail addresses of all of the officials and did a group e-mail.

I just received one reply...

Re; Your e-mail in reference to SGS' Grading Services;

I am an ANA member, in fact I am a member of the Board of Governors!

This is the first that I have heard of the SGS proposal. I can assure you that I will look
into it.

Sincerely

Ed Rochette
___________________________________________________

I await any future investigative response form him or others.

 

I let my ANA membership expire years ago. If they actually did such a thing I would consider giving up collecting period!

Of course that wouldn't happen. I would have SEVERE withdrawals.


I HIGHLY doubt that the ANA would choose SGS for slabbing. After all, how many of you people that routinely ridicule SGS (as I do) would stand for it? The ANA would be committing "numismatic suicide".

More BS from SGS in my opinion and they'll need to come up with even more now that ebay is changing the rules.

This is going to get REAL interesting.

 

I can see it now!

ANA files a lawsuit.

"On April 10, 2007, Star Grading Services was requested to submit a proposal for exclusive grading services for the American Numismatic Association."

SGS's lawyer states....

The "REQUEST" was from ABON.COM and NOT from the ANA. The entire statement is totally factual as ABON.COM is the e-Bay LEADER/POWERSELLER in e-Bay SGS graded/authenticated coins.

Furthermore,

"While we do not currently have the resources to do this, we viewed the request as a wonderful recognition of our growing popularity and market acceptance. "

this statement is true because,

"We currently are not taking any new clients for SGS grading as due to the tremendous demand for our services we are absolutely covered with grading orders.

We have at least a 9-month waiting list currently and can put you on the list if you want. It takes a very long time to teach graders and we are going as fast as we can. If you want on the waiting list send us you address and we will put you on list.

Thank you very much for asking for SGS services and I am sorry that we can not be of more help but SGS coins have more than exceeded our expectations.

Dave from SG"

which proves their growing popularity and market acceptance.

What's a judge to do????? :desk: :desk: :desk:

This is all in FUN gang! Could I have actually have read that the REQUEST came from the ANA? Well their statement actually reads that way to me. I wonder how any other person who reads SGS's statement would think otherwise

 

How long does it teach someone to put a MS-70 sticker on a slab?

 

REPLY FROM THE ANA PRESIDENT!!

I have looked at the SGS website

http://www.stargrading.org

and have forward your information about SGS’s statement to our legal counsel.

The ANA sent out RFB (request for bid) to 11 coin different grading services with minimum required criteria.

Thank you for contacting us.

Sincerely,
Barry Stuppler

 

The president didn't answer this question I sent in the original e-mail...

Did the ANA make the proposal claimed by Star Grading Service?

However, by the fact he is contacting their legal counsel, I might conjecture that the answer would be NO!

Or I might be reading between the lines again!

 

Maybe I can make a phone call and find something out.

The ANA considered endorsing a number of grading sevices that were deemed acceptable, primarily the top 4 TPGs. It may be entirely possible that the ANA sent some of these proposals to the garbage grading services in some sort of effort to out them. If the ANA sends the request to SGS, then SGS cannot come back later and say they were never given a chance to show that they legitimate. The ANA can send a request for a proposal to SGS, knowing that they can never meet the criteria to be accepted by the ANA. But, if they leave certain companies out, then their could run into some legal issues, as they did in the Accugrade fiasco.

I can assure you that the ANA is aware of SGS and knows how they are organized and their legitimacy, or lack thereof. I would not be worried by this.

 

My letter to SGS

They already hate me so I may as well feed the flames. Here's my letter to SGS.

"I'm a bit puzzled by this. Could you please clarify?

"News:
On April 10, 2007, Star Grading Services was requested to submit a proposal for
exclusive grading services for the American Numismatic Association. While we do
not currently have the resources to do this, we viewed the request as a wonderful
recognition of our growing popularity and market acceptance.

An Independent Study has recently found that SGS currently accounts for
7% of all Graded Coins sold on the internet auction site eBay."

I'm puzzled about this because how exactly does this suggest the ANA recognizes SGS as a legitimate slabber? Did anyone else get this offer?

Couple this with the fact that on September 17, 2007 Ebay considers coins in an SGS holder to be raw/uncertified and it gets a bit confusing.

In essence under the new ebay rules one is NOT allowed to put an SGS MS68 Morgan dollar (for example) in the title of the auction. Furthermore, the text of the auction can NOT include price references.
Bottom line is that a coin in an SGS holder can NOT claim to be accurately graded. It can only be an opinion and can NOT be compared to the five services that ebay has chosen.

I have collected coins for most of my life and I'm not that young. I feel the ANA knows a lot more than ebay so I suspect the ANA offer you tout is a bit misleading. If ebay can come to such a conclusion I highly doubt the ANA could not come up with same.

Perhaps the ANA made this offer as a mere formality well knowing it would never come to fruition. Gotta love coins and politics!"


--------------------------------------------------------------------------------

 

Clembo,

You forgot to include the question as to why they (SGS) failed to mention within their same notes on their web site, the results of the PNG/ITCA 2006 Grading Services Survey as it relates to SGS.

"Star Grading Services (SGS) of Bellville, OH. were listed as "Unacceptable."

PNG ITCA GRADING SURVEY RESULTS

 

I like that idea! :goofer:

 

It would be incredible if they got smacked by a huge lawsuit and had to go out of "business".

 

That'd be great! I wonder if I could buy there slabs afterwards?

 

Good point Silver Striker,

Might I suggest that you email them with that question? I'm sure they'd appreciate it. NOT!

 

This falls under the ridiculous rumor catagory.

PERIOD!!!

A nuke will go off in Colorado Springs and wipeout the ANA, Cheyenne Mountain, and the (SGC), LOL before the ANA will hook up with Star Grading Service (SGS) ABON.Com. LOL are you kidding me....

Abon.com is the last company ANA will deal with....