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

AskRaq

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!!

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????

AskRaq

Okay.... whoever voted for NMC.... willing to fess up to owning one? Gotta pic to share?

clarkbar04

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.)

MrBear

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.

AskRaq

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...)

Musca

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

anywho...

AskRaq

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....

DJCoinz

Let's face it, SGS doesn't even grade coins. They have pre-printed labels that go on every coin they get.
Never heard of NMC, but more of these fly by night self-slabbers are popping up every day.

ElKevvo

Haven't heard of NMC either...and I have my share of cruddo slabs (but I have bought the coin!! )

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

AskRaq

I'll get a pic of it up over the weekend (I'm not home right now).....

ArizonaJack

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

sanitarium1inmate

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.

BlindedByEgo

<< <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

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.

Tyler1924S

<< <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.

BlindedByEgo

I used to play a lot of golf in and around Mansfield when I had clients there. Nice town.

koynekwest

<< <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.