how big a joke is star grading service (SGS)?

slipgate · February 20, 2006 8:02AM

I know they are what is considered 4th tier, but are they, on average, 3, 4 ,5 or more grades above what PCGS would grade on the same coin? Probably a hard question to answer, but I am curious as I have no experience with crossovers from SGS to PCGS.

100proof1957 · February 20, 2006 8:03AM

Forget them

CarlWohlforth · February 20, 2006 8:04AM

I think they are a pretty big joke. I just ignore the label.

HTubbs · February 20, 2006 8:05AM

RUN!:

MORGANHUNTER2 · February 20, 2006 8:06AM

consider the coin to be preserved in plastic until you get it home - then put it in a vice and CRACK IT, that plastic is only good for shipping- the 'grade' they give is worthless than what you think.

TomB · February 20, 2006 8:08AM

This may be terrible to write, but I would worry that the coin were a problem coin and that is the reason it is in an SGS holder. I know that isn't fair, but that is my opinion.

slipgate · February 20, 2006 8:10AM

dang, plus this seller (international382) has interesting feedback - I am curious as to all the "positive" negative feedbacks.

Anyone want to chance this? It is a high dollar coin. Maybe it has been dipped or cleaned or something. I'm not taking a chance!

link to SGS graded rare morgan

Myqqy · February 20, 2006 8:10AM

I agree with TomB- I would much rather look at raw coins than coins sent to sgs........

coinbuf · February 20, 2006 8:14AM

There is no easy way to answer your question. As some others have said the grade thay put on the label is of no use. I've seen some Morgans that were as close as a grade or two and some that were graded unc and the coin was an AU slider. I would'nt touch any copper in these slabs as most are sure to be cleaned and retoined or worse.

Chris

TwoSides2aCoin · February 20, 2006 8:15AM

I feel bad for many people who buy those slabbed coins on ebay.

Any company that finds that much perfection in coins has got to think hairlines are braille for their graders.

LindeDad · February 20, 2006 8:16AM

I think that ugly plastic is getting in the way of getting a decent picture of that dipped/cleaned way to bright Morgan.

BlindedByEgo · February 20, 2006 8:17AM

<< <i>dang, plus this seller (international382) has interesting feedback - I am curious as to all the "positive" negative feedbacks.

Anyone want to chance this? It is a high dollar coin. Maybe it has been dipped or cleaned or something. I'm not taking a chance!

link to SGS graded rare morgan >>

I sure wouldn't. SGS = UGH!

sinin1 · February 20, 2006 8:17AM

I thought they were an authentification/slabbing service
and their name was SGS MS70

do they actually grade coins?

robertpr · February 20, 2006 8:21AM

Well, ACG is higher up in the rankings than SGS, does that answer your question?

Russ · February 20, 2006 8:23AM

It's a misnomer to even call SGS a "grading" service. They are really nothing more than a fancy coin holder.

Russ, NCNE

CarlWohlforth · February 20, 2006 8:30AM

Nice auction!

The seller says the MS 66 Morgan is listed at $17,500. He is listing it at $250. Then he says, get this, it might be worth crossing to PCGS!!!! What a laugh. If it would cross at 66 and he could make $500, not to mention 17 grand, he would do it in a second.

This kind of thing turns many people away from coin collecting every day!

bonkrood · February 20, 2006 8:36AM

I've never bought a coin in an SGS holder, and at this time still would not.

leothelyon · February 20, 2006 9:27AM

<< <i>I've never bought a coin in an SGS holder, and at this time still would not. >>

Oh come on! Not just one cheapee little coin! If you don't like the coin, you can always leave appropriate feedback!

The seller also states there are no returns on slabbed coins! Anyone who bids and wins, owns the coin forever before they even have a chance to look at it! They're collecting eggs, is what it amounts to!

Leo

Barry · February 20, 2006 9:38AM

Oh come on! Not just one cheapee little coin! If you don't like the coin, you can always leave appropriate feedback!

If you buy a coin in an SGS holder, you let the terrorists win

kiyote · February 20, 2006 9:52AM

It's a spurt-milk-out-of-your-nose kind of joke. HSN doesn't even carry them!

Conder101 · February 21, 2006 1:11AM

<< <i>consider the coin to be preserved in plastic until you get it home - then put it in a vice and CRACK IT, >>

Why use a vice? the only thing holding the slab closed are the stick on labels on the ends of the slab.

earlwbollinger · February 21, 2006 1:13AM

At a coin show last year, I looked at a dealler's wallboard display with a bunch of dollars.
Looking close they were all nice and shiny, but I don't think one was above a AU grade if that, maybe XF at best.
Nothing worth looking at at all. You would need to break them out, and put them someplace to age for thirty years before you could get them resubmitted and slabbed if even then.

dking1234 · February 21, 2006 2:02AM

I have a SGS 1960 Large Date in MS70.
I should sell it on that Police Auction site for $17,500.

MajorDuty · February 21, 2006 2:47AM

<< <i>Well, ACG is higher up in the rankings than SGS, does that answer your question? >>

I actually have an ACG slabbed coin. OK OK.....I've got two all right?

how big a joke is star grading service (SGS)?

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