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The "SGS slabs" thread reminded me of my SUCKER story... (with POLL)

Way back when I was a total sucker... (unlike now, where I'm just a partial sucker) I made my first ever coin purchase on ebay... LOL

So, I got suckered into one of those huge (15lbs.? maybe?) bag of *UNSEARCHED wheat cents* with IHCs, slabbed coins & silver PLUS *BONUSES* (for a relative fortune in cold hard cash).

So, the breakdown was something like this:

You really did have to search the wheat cents hard (under plenty of light) when you got them.... just to figure out what the dates were.

I think there were 3 or 4 IHC's... that were way past "cull" & closer to "melt".

Slabbed cents.... 2 were in plastic(I'll get back to those later)... about a dozen in 2x2s (although I haven't quite figured out how they qualified for 2x2 status).

Silver.... oh yeah.... a 1g. "ingot" charm from the acclaimed "International Monetary Mint".

BONUSES!!!! .... 2 (count 'em - TWO) bent & holed world coins (1945 Indie half-cent & 1966 20 centavos).

So, in sum.... I'll NEVER fall for that crap again!! image

But - back to SGS slabbed coins...

Well, the two Lincoln Wheat Cents in plastic slabs were:

1937-D SGS MS70 & 1955-S NMC MS68

(Hey, they were actually the two best coins in my new "hoard".... full dates and nice shiny red color)

Now.... I easily found out plenty on SGS when I researched my *great good fortune*... but NADA on NMC (Nu-Mint Certification)???

So, I am still (morbidly) curious, to this day, to find out any info on this elusive "TPG" - ANYONE????

Comments

  • Okay.... whoever voted for NMC.... willing to fess up to owning one? Gotta pic to share? image
  • clarkbar04clarkbar04 Posts: 4,976 ✭✭✭✭✭
    Seen plenty of that SGS crap and plenty of strong bids on it as well...

    My first slap in the face was an 1880-s morgan in an NTC 66 holder with rainbow toning...

    AT'ed to hide what marks were in the field, no better than a 64, paid well over 100% of its actual value for it.

    Never heard of NMC but I can say that sgs definitely does NOT grade accurately.

    (note... don't confuse SGS with SEGS.)
    MS66 taste on an MS63 budget.
  • MrBearMrBear Posts: 379 ✭✭✭
    Well...I just won a set of ASEs from ABONCOM (all graded "MS70" from ABONCOM, I mean "SGS"). It was $600, including shipping for all 23, so I think I did OK. Unless one of them turns out to be counterfeit.
    Occasionally successful coin collector.
  • Well... to all who were wondering ~ In my case, NMC ("Nu-Mint") totally blew SGS out of the water!!!

    (Gee... will surprises never cease... even an unknown "home-made" slabber beat SGS's graders...) image
  • I have dealt with abon extensively- SGS is a joke as a grading service but it is cheaper than putting your coins in 2 x 2's and you do not have to worry about staple marks. If I get coins graded in SGS holders i just drop it 2 points blindly and if I am interested in re-selling it I will then analyze it- I feel like SGS is just there because ABON throws so much business their way- Actually, SGS may be the personal grader for ABON. Just a thought... I have never seen them both in the same place image

    anywho...

  • I'm still waiting for the other pollster that voted for NMC to fess up..... do you have one of the Nu-Mint graded coins?? Can I see it??? Huh, huh... please?? I'll show you mine.... image
  • DJCoinzDJCoinz Posts: 3,856
    Let's face it, SGS doesn't even grade coins. They have pre-printed labels that go on every coin they get. image
    Never heard of NMC, but more of these fly by night self-slabbers are popping up every day.
    aka Dan
  • ElKevvoElKevvo Posts: 4,133 ✭✭✭✭✭
    Haven't heard of NMC either...and I have my share of cruddo slabs (but I have bought the coin!! image)

    I actually would have voted for NMC just 'cause I know SGS's reputation for slabbing almost everything as a 70...do you have a pic of the NMC slab? Just curious!

    K
    ANA LM
  • I'll get a pic of it up over the weekend (I'm not home right now).....
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    Hey, I saw a 1909VDB in an SGS slab this week on ebay.....sit down for this.......MS-67 RB !!!!
    " YOU SUCK " Awarded 5/18/08
  • I don't think I have seen a SGS coin graded lower than a 70 maybe you have but not me. A friend gave me 2 GW 2007 dollar coins in a GEC slab as ms69's. I totally told my friend not to buy the crap but he did anyways. He bought 2 sets and gave me one set, nice of him but waste of money, they are at least a 64-65, and toning ugly.
    In the time of Chimpanzee's
    I was a Monkey
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>I have dealt with abon extensively- SGS is a joke as a grading service but it is cheaper than putting your coins in 2 x 2's and you do not have to worry about staple marks. If I get coins graded in SGS holders i just drop it 2 points blindly and if I am interested in re-selling it I will then analyze it- I feel like SGS is just there because ABON throws so much business their way- Actually, SGS may be the personal grader for ABON. Just a thought... I have never seen them both in the same place image

    anywho... >>



    SGS is Aboncom, and vice versa. Cheaper to buy the CW holders (or Air-tites) onesself, and reduce the possibilities, however remote, of a nice coin being "accidentally" swapped out with another one.


  • << <i>SGS is Aboncom, and vice versa. >>



    About 4 years ago, I did a "whois" lookup at register.com for stargrading.org & the same names were associated with both Abon Enterprises & the stargrading.org domain. At that time, "abon enterprises ltd." was listed as the Admin Organization for the domain (now it is "Star Grading Service"). SGS is now using a Bellville, Ohio address (they were using Hamilton, Ohio a few years ago). Abon Enterprises still uses the Mansfield location, just 10 miles from Bellville.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    I used to play a lot of golf in and around Mansfield when I had clients there. Nice town.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭


    << <i>Hey, I saw a 1909VDB in an SGS slab this week on ebay.....sit down for this.......MS-67 RB !!!! >>



    I would be much more worried about the authenticity of this coin than the grade.

    I've been to Abon-used to cherrypick them from time to time-an 1857 FE cent clashed with a Seated Quarter and several 1970 Small Date Proof and Mint Sets among other things. I'd visit 'em more often but they're 60 miles away.

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