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how does sgs get all those 70`s

kiddkidd Posts: 230
in U.S. Coin Forum
I was just wondering if anyone knows anything about this. almost all the 70`s i see on ebay have been graded by them. how do they compare to other grading companies? I don`t have many slabbed coins, but have alot i would like to get slabbed. I`ve never heard of them before i started ebaying.
If you can read this, your too close.

A DAMMIT BOY from Jonesy 1/25/05

Lieutenant, Covert Operations
Subcommittee

my first POTD award 7/16/05
the cat ate my blue fish.

Comments

  • eyoung429eyoung429 Posts: 6,374 ✭
    I would have to say that out of the 19 sets of MS70 have all had some kind of flaw ranging from a die crack at k3 to the base of the hairline on a 1999 dime. All of the pennies have had carbon spotting.....just a bunch of generic proof coins that didn't pass scrutiny from any dealers or collectors.
    This is a very dumb ass thread. - Laura Sperber - Tuesday January 09, 2007 11:16 AM image

    Hell, I don't need to exercise.....I get enough just pushing my luck.
  • kiddkidd Posts: 230
    so your saying they are a little SOFT on the grading? i`ve never sent anything to be graded and am still learning. from what i`ve seen so far, ANACS is probably my best bet. I have about 150 bu Franklin halves that were still in bank wrappers when i got them. I would like to get a few of them slabbed to see how close my grading is on them. don`t have alot of money to waste on grading though.
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • WoodwindWoodwind Posts: 486 ✭
    There's probably a good reason why you haven't heard of SGS until you signed up on E-Bay. image

    All I know about SGS is that they have virtually no credibility in the world of coin collecting. Type in SGS in the search box on this forum and you can see several threads brought up about SGS. You will see that submitting to SGS would just be a waste of money, and that many of their so-called 70s have flaws.

    ANACS has a lot of credibility and are widely considered in the top three grading services behind NGC and PCGS, so that could be a good place to start. There are a lot of Franklin Half collectors that could better advise you on where to submit. Good luck.

    Lurking proudly on internet forums since 2001
  • BigEBigE Posts: 6,949 ✭✭✭
    Maybe everybody sends their perfect coins to SGS instead of PCGSimage----------------------BigE
    I'm glad I am a Tree
  • FullStepJeffsFullStepJeffs Posts: 1,874 ✭✭✭
    Buy the coin... not the grade... SGS has that backwards. Watch what the prices of SGS coins sell for on Ebay... then watch what PCGS 70's sell for... I rest my case.
    U.S. Air Force Security Forces Retired

    In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
  • kiddkidd Posts: 230
    HEY, I`m new here, if i had realized i could access the old threads i never would have asked a stupid question to begin with.LOL
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • WoodwindWoodwind Posts: 486 ✭


    << <i> HEY, I`m new here, if i had realized i could access the old threads i never would have asked a stupid question to begin with.LOL >>



    No problem. Took me about a couple of months to see the search feature myself. imageimage

    Lurking proudly on internet forums since 2001
  • BigEBigE Posts: 6,949 ✭✭✭
    Welcome kidd, your questions are not stupid and its good you ask them. Sometimes people from these substandard grading companies come here and ask these questions and people get in trouble for answering them. Hope you stick aroundimage-------BigE
    I'm glad I am a Tree
  • kiddkidd Posts: 230
    Been collecting for almost 20 years and just now getting to enjoy it. not too much around here that i know of, so you guys are now my source of info. hope you don`t get tired of me. thanks for all the info
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • nwcsnwcs Posts: 13,386 ✭✭✭
    SGS uses only three grades, 68, 69, and 70.
    Blog and Pics
  • proofman48proofman48 Posts: 63
    Seems to be some good info in this thread!
  • cary1952cary1952 Posts: 312
    Kidd, Please turn on your Private Message button. I would like to tell you my experience , but I dont want to post. thanks.

    Cary
    Member ANA
  • LeeGLeeG Posts: 12,162 ✭
    image to kidd and proofman48. Never be afraid to ask questions here before spending your hard earned money. Even if you get blasted it will be worth it! Alot of Great People here who want to help!!! Your best bet is to buy coins already slabbed by the Top Three TPG's!! Buy some books, read them, and as your skills develop then you can buy Raw. If you do this your collecting future will be much happier!!! Just my 2 cents, Lee
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    SGS grades so many 70's because discriminating collectors know the best, and send only their finest coins to SGS for grading.
  • nwcsnwcs Posts: 13,386 ✭✭✭


    << <i>SGS grades so many 70's because discriminating collectors know the best, and send only their finest coins to SGS for grading. >>

    How long till that's quoted in one of their auctions?
    Blog and Pics
  • CarlWohlforthCarlWohlforth Posts: 11,074 ✭
    < how does sgs get all those 70`s >

    Easy. Start with a 65 then write 70 on the label. image
    Carl's Coins website w/ links to Carl's auctions
  • BillJonesBillJones Posts: 33,963 ✭✭✭✭✭


    << <i>How does SEGS get all those 70 s? >>



    That's easy they manufacture them just as they many of their grades. There is a good reason why SEGS coins sell for less.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    I guess im slow,I was trying to figure out who SGS...was.
    Al
  • Conder101Conder101 Posts: 10,536 ✭
    SGS is Star Grading Service owned by the ebay seller Aboncom. Since he owns the service and is also the major (only?) submitter, and the grader he pretty much gets the grade he wants. (And he has said that he doesn't submit anything that would get less than a 69.)

    Why BillJones brought up SEGS I don't know. SGS is not SEGS.
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    If you send me coins I'll call them 70, probably cheaper too.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • BillJonesBillJones Posts: 33,963 ✭✭✭✭✭
    Ahh....

    My mistake, but what I wrote about SEGS still stands. Their grades are generally more liberal than the "big two," and their coins sell at lower prices as a result.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • kiddkidd Posts: 230
    well if he is the only submitter, that would explain why i`ve never heard of them before. so your saying all i have to do is put my coins in a slab and mark them as 70`s and i could sell a $100 coin for $12.50 too. LOL
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • ERER Posts: 7,345 ✭
    Stay away like the plague.
  • kiddkidd Posts: 230
    So much dishonesty in such a noble hobby. thanks again for the info. KIDD
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • BigEBigE Posts: 6,949 ✭✭✭
    So true, but when you find out what is real you end up with the best friends in the world------------------BigE
    I'm glad I am a Tree

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