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segs good or bad ?

DimmuraynesDimmuraynes Posts: 8
in U.S. Coin Forum
Hello ! I was just wondering if you would trust a MS64 slab from them .

Comments

  • klorineforbrainsklorineforbrains Posts: 212
    I would trust it as genuine, but not 64, and this doesn't go for things like gold indians . . .
  • DimmuraynesDimmuraynes Posts: 8
    Why ?image Would anyone else like to share any problems they have encountered with segs:
  • ArgentumRexArgentumRex Posts: 620 ✭
    I would trust it if I could examine the coin personally, and agreed with the grade. Otherwise, I would not expect the coin to grade at that level at PCGS or NGC. Generally.
  • GATGAT Posts: 3,146 ✭
    I have own three SEGS Morgans, two MS and one DMPL and found them accurate. The complains against them go to their early days and grading modern coins as MS70. I happen to believe that PCGS grades modern MS70s on a percentage basis. No one yet has been able to explain to me the difference between a MS69 and MS70.
    USAF vet 1951-59
  • DMWJRDMWJR Posts: 6,006 ✭✭✭✭✭

    VAM designations are accurate.
    Doug
  • jdsinvajdsinva Posts: 1,508 ✭
    Best slab design out there. I only have a few and don't have a problem with their grading.
    Jeff

    image

    Semper ubi sub ubi
  • MyqqyMyqqy Posts: 9,777 ✭
    I've picked up a few coins in their holders, and think they have been graded accurately... and I have one cameo franklin that I think they erred on the conservative side......
    My style is impetuous, my defense is impregnable !
  • DeadhorseDeadhorse Posts: 3,720 ✭
    Uh, I don't know how far back is meant but around 18 months ago I had an experience with a semi-well known dealer(nameless for obvious reasons here) who is closely connected with SEGS.

    Basically it amounted to an "additional" fee for an undeserved grade on a coin that would turn it from a $35 coin into one worth a couple grand. By grade, in this case, I mean a designation. It was extremely close to making the cut for the designation, but it wasn't there. Sure, it could have fooled many, particularly with picture only on eBay. But it amounted to a rip.

    I have steered clear of said nameless dealer and SEGS ever since and I intend to continue.

    I know I'm making a rather serious charge, so I'm trying to keep this as vague as possible. Shades of another grading company mostly known for lawsuits these days.

    No, don't ask me for names. I'm not going to say anymore, but I assure you this is a fact.

    Caveat Emptor.

    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    I've had good results from them.
  • GATGAT Posts: 3,146 ✭
    Deadhorse.............Emile Zola wrote a famous book named, "I Accuse" concerning the famous Dreyfus case in France. It seems you are accusing SEGS of misdeeds like in that care without offering any proof. Larry Briggs, owner of SEGS is a world class grader.

    Disclaimer: I do not know Mr Briggs or do I have any interest in SEGS.
    USAF vet 1951-59
  • ms70ms70 Posts: 13,954 ✭✭✭✭✭

    Here we go. image

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • BigGreekBigGreek Posts: 1,090 ✭
    I've owned a couple of slabs. A Peace $ was overgraded by a point (MS65 was
    really a nice MS64) and an MS large cent was net graded to 62 due to a scratch.

    But.. from the many images I've seen on ebay they seem fall in the PCI range
    of grading standards. If you look hard enough you may find a coin that will cross
    but its not likely.
    image
    Please check out my eBay auctions!
    My WLH Short Set Registry Collection
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I do not have great faith in SEGS grades.
    Blog and Pics
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Deadhorse.............Emile Zola wroke a famous book named, "I Accuse" concerning the famous Dreyfus case in France. It seems you are accusing SEGS of misdeeds like in that care without offering any proof. Larry Briggs, owner of SEGS is a world class grader.

    Disclaimer: I do not know Mr Briggs or do I have any interest in SEGS. >>



    I have heard the same thing about Larry Briggs. I do not know him nor have I ever met him. The dealer I spoke of does know him fairly well from what I gathered.

    This could have been done through a grader other than Mr. Briggs. I do not know.

    My only "proof" is the conversation. The dealer in question is someone I had dealt with before and I was a little surprised by his "offer".

    As I said, I'm not going to go any farther with this. I have since chosen to steer wide of both this dealer and SEGS. I'm quite sure SEGS has many slabbed coins that are right-on grade wise and I am not accusing Mr. Briggs of anything. I suspect that had I gotten involved with this shady deal, it would have been done without Mr. Briggs knowledge. Perhaps an employee of SEGS was the connection. I do not know.

    I would not have posted this if it were not true. Do not confuse the message with the messenger.

    As I said before, and it holds true with any grading company, Caveat Emptor.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • RADRAD Posts: 287
    Deadhorse.......................very interesting........................
    What city??
    RAD
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    I have had good SEGS but even bad SEGS is better than no SEGS.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • braddickbraddick Posts: 23,974 ✭✭✭✭✭
    Gat: I think you're refering to ICG, as SEGS has never been known to throw around the MS70/ PR70 grade.

    Deadhorse: Was the coin a 1922 "plain"?*

    If so, I heard a rumor regarding a extremely weak 22-D being offered the 'no mintmark' (weak reverse) designation, and am guessing this is your scenerio.

    *PM me if I'm right and we'll exchange information.

    peacockcoins

  • DeadhorseDeadhorse Posts: 3,720 ✭
    RAD - I live in Houston but the dealer travels to lots of shows, lots. As I said, semi-well known.

    I will say the dealer does not post here.


    Braddick - I will only say no, not the right coin. Interestingly, I also heard that same thing regarding the coin you describe. Maybe this is more than just an isolated incident.


    Please guys, no PMs. I really don't want to say anymore than I have. I have no proof other than personal conversation and absolutely no connection to Mr. Briggs personal involvement was ever mentioned.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • vega1vega1 Posts: 941 ✭
    I have never purchased a SEGS coin because of their perceived reputation in my own mind, I am not comfortable with them and would treat any coin I bought from as raw. But thats only my own opinion.
  • UncleWigglyUncleWiggly Posts: 2,467
    Are they good with FS Jeffersons? I remember reading somewhere that FS collector's like SEGS for some reason.


    Jerry
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Either you like them or you don't, I don'timage
    https://www.ebay.com/str/christyscoins
  • littlejohnlittlejohn Posts: 702
    well i only have gotten one,but i made the most off it than i have ever made on any other coin.ever.i got it for $1,625
    had it regrading and sold it for $3,000.the best i ever done to date.on one coin.
    littlejohn
  • DRUNNERDRUNNER Posts: 3,844 ✭✭✭✭✭
    I have had several SEGS coins in the past . . including a rather interesting MS 1904 Liberty $20 that as graded MS61 'PL' . .and they were spot on . . . it WAS PL. The others have been spot on what I thought when sent (except perhaps a slight bit generous on a "red" Indian that probably was RB).

    I am generally liking what I have read so far . . . and am glad. I sent in 35 coins under their January special . . . am still waiting for them but am interested to see what returns. The coins I have had and seen in the past have been market acceptable and at least as accurate and consistent as the better '2nd Tier' services. I'll wait and see on this next 35 coins . . . a much better sampling that cuts across all series, which was my purpose in sending the coins. I'll post overall impressions when they arrive (not that my personal grading acumen is anything to bet the farm on).

    Their website shows graders who have spent quite a bit of time in the business . . . and have mastered several numismatic areas.

    DRUNNER

  • DennisHDennisH Posts: 13,991 ✭✭✭✭✭
    In recent years I have examined many dozens of better Morgan VAMs in SEGS holders, mostly in circulated grades. I have always agreed with their VAM attributions. I have occasionally agreed with their grade assessment. I have rarely bought one of the coins.
    When in doubt, don't.

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