Anyone Know Anything about SGS?

GregTheGreat

I just got a 1957 PR-70 cent graded by SGS.

The case is in good condition. Coin has a nice cam/dcam shine.... the only problem is that there is some "stuff" on the reverse that takes away from the overall look of the coin..... I don't really need it seeing is I am not big on lincoln cents especally ones that are certified. I don't know anyting about this company.... is it worth anything more seeing as it is cert. PR-70 by them?

Thanks,

-Greg U

relayer

They are America's grading company.

As a general rule, PR70's shouldn't have "stuff" on them.

However, if the company grades everything a 70, then some of those 70's will have "stuff" on them.

PCGS graded a Lincoln PR70DCAM that had stuff on it, so nobody's perfect. But the difference is PCGS paid $30,000 to take it off the market. I don't think SGS will do the same.

comoncents

MS and PR70 means nothing in a SGS holder. I see them on Ebay all the time. I think that's the only grade they use. Maybe they reject all other coins unless they're a 70 ?

GregTheGreat

No You know any1 interested in buying this type of coin?

-Greg

wingedliberty

Its a nice capital plastic holder and probably a nice raw coin. The grade on the label in an SGS holder means as much as your or my sticker grade from a nice sticker pack that I can buy at Office Depot. SGS holdered coins have the same liquidity and collector demand as raw coins.
The same thing can be said for ACG, NTC, and Truegrade coins, they are raw coins inside of plastic holders with worthless labels.
I would only recommend PCGS, NGC, & ANACS coins. In my mind, these are the only three that have demonstrated consistant and accurate grading and counterfeit detection, anything else, and you are playing Russian Roulette., unless of course its sight seen and you are treating it on a raw coin basis, but make sure you pay RAW prices and know how to grade for yourself, if you do not, then I recommend the ANA & PCGS grading guides as well as an ANA corresspondense grading course. , and with proof cameo and deep cameo coinage, I would recommend that you purchase every book written by Rick Tomaska, and obviously there is no substitute for looking at thousands of coins to truly learn contrast and depth, vis a vis. haze, etc. Have patience and read. Don't be afraid to ask questions and enjoy the hobby.

Brian

Gonfunko

SGS is garbage - run, don't walk away!