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Would you send your coin to SGS??

GoldbullyGoldbully Posts: 17,772 ✭✭✭✭✭
in U.S. Coin Forum
They claim that SGS currently accounts for 7% of all Graded Coins sold on the internet auction site eBay.

How can this be true???

Their grading prices are as low as you can get....hard to make a profit at those prices.

I'm sorry, but a Web site that has one page and claims to be 7% of eBay's graded coins seems a bit far-fetched.


SGS


I wonder, if the seller Aboncom is the CEO.

He has sold a boat load of coins for sure!


Aboncom


Perhaps a forum member can set me straight.


Thanks in advance.

Comments

  • flaminioflaminio Posts: 5,664 ✭✭✭
    Aboncom = SGS. They are one and the same.

    And no, I'd never send a coin to them for certification. What would be the point? I can slap a 70 on it myself.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,509 ✭✭✭✭✭
    Hi Goldbully and thank you for entertaining me.
    The fact that you have suspicions shows a keen sense of perception. You don't need to apologize for them.
    I'm just going to get some popcorn.



    Joe
  • BurksBurks Posts: 1,103 ✭
    I want to stop by Aboncom some day. They are only 10 minutes from where I am posting from. Maybe they do their grading there as well! Learn some tips.
    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

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  • lordmarcovanlordmarcovan Posts: 43,682 ✭✭✭✭✭
    What flaminio said.



    No, never.



    Nor would I ever sell a coin in one of their holders. I would rather crack it out and sell it raw. That's the mark of a truly stinky grading service, when you won't even accept a plastic holder if it has their name on it.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    SGS is about the same as XXXXX they won't let me say C=r=a=P here.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • airplanenutairplanenut Posts: 22,355 ✭✭✭✭✭
    Even if true, eBay is full of crap. Many more coins get sold elsewhere with almost no SGS coins to be found.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • fengkfengk Posts: 376
    The same scam...er I mean person owns both the "companies". I think that their slabs have improved to a second-generation without the infamous gold foil. Maybe they'll command a premium in the future?
  • ConnecticoinConnecticoin Posts: 13,094 ✭✭✭✭✭
    SGS is the name Aboncom calls their self made slabs. Biggest scam on Ebay.
    *For Sale on Numismy* *For Sale on Ebay*
  • DennisHDennisH Posts: 14,010 ✭✭✭✭✭
    image

    image

    image

    image

    When in doubt, don't.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>The same scam...er I mean person owns both the "companies". >>

    Well, while I agree this outfit is fourth-world, what about DHRC and PCGS? Even if there's no scam there -- and I have no reason to think there is -- isn't the potential conflict of interest pretty obvious?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,509 ✭✭✭✭✭


    << <i>

    << <i>The same scam...er I mean person owns both the "companies". >>

    Well, while I agree this outfit is fourth-world, what about DHRC and PCGS? >>



    ... at least the latter has a place where we can take a dump , eh ? (the forum) SGS doesnt offer that , do they ?
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>Well, while I agree this outfit is fourth-world, what about DHRC and PCGS? Even if there's no scam there -- and I have no reason to think there is -- isn't the potential conflict of interest pretty obvious? >>



    Have you by any chance checked out the return policy of the two?

    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • waynemewayneme Posts: 852 ✭
    Only the bad ones my guess
  • RichieURichRichieURich Posts: 8,544 ✭✭✭✭✭
    I'd rather buy a raw coin than one in a SGS holder, so no I wouldn't send them one of my coins either.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • 123cents123cents Posts: 7,178 ✭✭✭
    SGS is a joke and a bad one at that.
    image
  • GoldbullyGoldbully Posts: 17,772 ✭✭✭✭✭
    Wow, I believe I feel the "love" for SGS.


    Thanks you guys for acknowledging my suspicion.



    I love this board......what brutal honesty!!!!!




  • MyqqyMyqqy Posts: 9,777 ✭
    The fact that you have suspicions shows a keen sense of perception

    image
    My style is impetuous, my defense is impregnable !
  • CoxeCoxe Posts: 11,139 ✭
    I only send to PCGS and NGC if at all. If ANACS was all that today, I would consider them if for nothing else but as a substitute for my own holders for VAMs the others don't attribute.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>

    << <i>The same scam...er I mean person owns both the "companies". >>

    Well, while I agree this outfit is fourth-world, what about DHRC and PCGS? Even if there's no scam there -- and I have no reason to think there is -- isn't the potential conflict of interest pretty obvious? >>




    That's been brought up before...I believe that HRH has stated, or someone asked and it was stated, that he has no hand in the operations/business in order to stay clean. It may not even be his anymore (I honestly don't know)....could just be the name was bought.

    Anyone know for sure?

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<Would you send your coin to SGS??>>>
    Hmmm. Let me think about that for a minute......send it to WHO??? For what??
    Change that we can believe in is that change which is 90% silver.
  • GemineyeGemineye Posts: 5,374 ✭
    Two words...." N ... O "
    ......Larry........image
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    on their site they say they grade coins with utmost integrity........ yea right!
  • Carew29Carew29 Posts: 4,025 ✭✭

    Newbie question from the baseball card world--- I know we rank it PSA -SGC-GAI etc... what is the pecking order with grading coin companies?

    Marc
  • DickyBetzDickyBetz Posts: 3,825


    << <i>Newbie question from the baseball card world--- I know we rank it PSA -SGC-GAI etc... what is the pecking order with grading coin companies?

    Marc >>



    PCGS..................NGC.....ANACS................ICG...............................................................................................................ALL OTHERS
  • Carew29Carew29 Posts: 4,025 ✭✭

    Cool. Thanks...... I collected coins years ago and have a ton of coins to grade along with all of my Tobacco movie star cards and baseball cards.
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    SGS labeling changed-no more security seal--be cautious-if interested in Waranty
    Buyer jcd5225( 3 ) Nov-28-06 17:20 300046461002
    Reply by aboncom: SGS slabs are now SUPER SEALED! Slab must now be broken/shattered to be opened. Nov-28-06 17:41


    When did they dump the foil and go to "SUPER SEALED"?
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
  • ChOsEnOnEChOsEnOnE Posts: 44


    << <i>Newbie question from the baseball card world--- I know we rank it PSA -SGC-GAI etc... what is the pecking order with grading coin companies?

    Marc >>



    If you collect cards you might want to know BGS is numero uno then PSA.
  • Teletrader1950Teletrader1950 Posts: 40
    No - 100% of my grading money goes to PCGS
    You can't win an arguement with a crazy.

    Parker
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,509 ✭✭✭✭✭


    << <i>No - 100% of my grading money goes to PCGS >>



    a wise man once tole me that I drank Kool Aid...

    I said :
    image It tastes better coming from a Kool Aid Pitcher image And welcome to the boards. If a guy is gonna spend money for a proper grade in a plastic that will usually sell without problems..... he would do well to heed your words.
  • eyoung429eyoung429 Posts: 6,374 ✭


    << <i>SGS labeling changed-no more security seal--be cautious-if interested in Waranty
    Buyer jcd5225( 3 ) Nov-28-06 17:20 300046461002
    Reply by aboncom: SGS slabs are now SUPER SEALED! Slab must now be broken/shattered to be opened. Nov-28-06 17:41


    When did they dump the foil and go to "SUPER SEALED"? >>



    They finally found out about super glue
    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.
  • nankrautnankraut Posts: 4,565 ✭✭✭
    What Flaminio said: Never. image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    I'd send my coins to SGS....after his check cleared
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    ya know, he actually probably does have 7% of the graded coins in recent times....because he is listing so many at a time. He has over 1500 active listings right now. He's slabbing them as fast as he can acquire them.
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Unless I was paid by SGS to have my coins slabbed (and of course later cracked out by me) I would never send any coins to a 3rd tier service.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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