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What is SEGS trying to say with this slab?

coolestcoolest Posts: 2,281 ✭✭✭
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Can you tell me what SEGS is saying?

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  • TorinoCobra71TorinoCobra71 Posts: 8,054 ✭✭✭
    Kinda looks like a reach around slap to the back of the head........




    image
    image
  • derrybderryb Posts: 37,107 ✭✭✭✭✭
    SEGS is saying that J. DANRUTHER is calling it an MS Coin. I guess their word is not good enough.

    Repetition of ignorance is ignorance raised to the power two.

  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Does SEGS do pedigrees like PCGS? If so, maybe that the person who slabbed that coin has a pedigree of "MS COIN - per J. DANRUTHER"

    Definitely looks like some kind of "owner's opinion" of the coin, which they put along side SEGS' own grade. Silly IMO.
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  • KoveKove Posts: 2,038 ✭✭✭✭
    For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin.
  • messydeskmessydesk Posts: 20,047 ✭✭✭✭✭


    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>


    +1
    John
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  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Might have been auctioned in 11/07 with a raw description graded as MS image

    Edited to add: It's better then AU50 but not MS...

    But now what else is wrong with it surface wise for Fairtraders to still be peddling a $5K+ key date in a Segs holder image
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  • airplanenutairplanenut Posts: 22,201 ✭✭✭✭✭


    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>

    That's how I read it. I don't think they're claiming the coin is UNC. Writing "Bus. Strike" would have been much clearer.
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  • derrybderryb Posts: 37,107 ✭✭✭✭✭


    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>


    We still have to take SEGS word for it. Pretty bad when a grading company has to quote an outsider for validity.

    Repetition of ignorance is ignorance raised to the power two.

  • krankykranky Posts: 8,709 ✭✭✭
    Aren't we making an assumption that "J. Danruther" is John Dannreuther?

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭


    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>



    Makes sense know that you spelled it out. Thanks
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  • EdscoinEdscoin Posts: 2,028 ✭✭✭


    << <i>Aren't we making an assumption that "J. Danruther" is John Dannreuther? >>


    I would think so.
    ED
    .....................................................
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    I wonder if JD knows he has been immortalized on this slab.
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  • lordmarcovanlordmarcovan Posts: 43,628 ✭✭✭✭✭
    I remember one SEGS slab where the label said "Damaged by UPS".

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  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭
    SEGS isn't the only grading company who uses experts outside the company for evaluation/authentication of esoteric items.
  • stealerstealer Posts: 4,008 ✭✭✭✭


    << <i>I remember one SEGS slab where the label said "Damaged by UPS". >>


    They aren't afraid to call 'em out image
  • coolestcoolest Posts: 2,281 ✭✭✭


    << <i>Might have been auctioned in 11/07 with a raw description graded as MS image

    Edited to add: It's better then AU50 but not MS...

    But now what else is wrong with it surface wise for Fairtraders to still be peddling a $5K+ key date in a Segs holder image >>



    Actually I have a reasonable answer for that. In my opinion PCGS relies one a single diagnostic that is not reliable and most often they call these coins impaired Proofs.
  • coolestcoolest Posts: 2,281 ✭✭✭
    Also it should certainly read: business strike not MS.
  • JustlookingJustlooking Posts: 2,895 ✭
    I'm cracking out all my stuff and sending it straight to Danruther.
    Let's try not to get upset.
  • RampageRampage Posts: 9,485 ✭✭✭✭✭
    Kove and Jeremy are correct, IMO. They are saying the coin is a business strike, rather than a proof. However, putting AU50 on the coin is, indeed, saying it is a business strike. PF (or PR or proof) 50 would be saying it is a proof coin.




  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    Whos Dan Ruther?
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  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>SEGS isn't the only grading company who uses experts outside the company for evaluation/authentication of esoteric items. >>



    True, but I believe they are the only grading company to list the founder of another grading company directly on the slab, and spell his name wrong.
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  • garrynotgarrynot Posts: 1,874 ✭✭✭


    << <i>

    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>


    We still have to take SEGS word for it. Pretty bad when a grading company has to quote an outsider for validity. >>



    Additionally bizarre that SEGS cannot spell the man's name correctly.
  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭
    I think SEGS (or was it PCI?) had a whole series of Signature slabs...like Larry Briggs attributed seated quarters...it didn't last very long...but it's not odd. It is odd if they spelled his name wrong.
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  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>Whos Dan Ruther? >>

    Good Question.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • RGTRGT Posts: 508 ✭✭


    << <i>

    << <i>Whos Dan Ruther? >>

    Good Question. >>



    Like noted above, it's spelled wrong. It should read Dan Rather, a name you can trust.
  • BaseballAbsBaseballAbs Posts: 2,621 ✭


    << <i>

    << <i>For this date, the circulation strike coins (MS) are much more valuable than the proof coins.

    The label is saying that according to JD, this is the circulation strike, and is therefore much more valuable that if it happened to be a circulated proof. JD is a major name in 19th century proof coin research, and SEGS is basically saying he was the authenticator on this coin. >>


    We still have to take SEGS word for it. Pretty bad when a grading company has to quote an outsider for validity. >>



    Sort of like a green bean right! Depends on the outsider in my opinion.
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • TPRCTPRC Posts: 3,794 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Whos Dan Ruther? >>

    Good Question. >>



    Like noted above, it's spelled wrong. It should read Dan Rather, a name you can trust. >>



    No, it's not Dan Ruther, it's Dan Rather, who apparently once owned the coin and thinks it's MS-60 or better.image

    BTW, good luck enforcing a SEGS guarantee on this coin..I don't see that any exists, other than that it is a real coin.

    Tom

  • johnny9434johnny9434 Posts: 28,542 ✭✭✭✭✭


    << <i>I'm cracking out all my stuff and sending it straight to Danruther. >>



    yeah me to image
  • 123cents123cents Posts: 7,178 ✭✭✭


    << <i>I think SEGS (or was it PCI?) had a whole series of Signature slabs...like Larry Briggs attributed seated quarters...it didn't last very long...but it's not odd. It is odd if they spelled his name wrong. >>




    PCI.
    image
  • braddickbraddick Posts: 24,165 ✭✭✭✭✭
    So the strategy is if it doesn't sell for $3,500. offer the same coin at $5,500?
    image

    Auction LINK
  • ShortgapbobShortgapbob Posts: 2,332 ✭✭✭
    I would like to see this one up close, but I can say that it definitely is missing one of the diagnostics that I have used to identify 1880 business strike Shield Nickels.
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  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭


    << <i>I would like to see this one up close, but I can say that it definitely is missing one of the diagnostics that I have used to identify 1880 business strike Shield Nickels. >>



    I have to agree, I am not even sure that thing is real.
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  • stealerstealer Posts: 4,008 ✭✭✭✭


    << <i>So the strategy is if it doesn't sell for $3,500. offer the same coin at $5,500?
    image

    Auction LINK >>


    Seems to follow 4th dimensional logic perfectly fine to me image
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭


    << <i>I think SEGS (or was it PCI?) had a whole series of Signature slabs...like Larry Briggs attributed seated quarters...it didn't last very long...but it's not odd. It is odd if they spelled his name wrong. >>



    SEGS also had the signature series slabs-some were signed by by Bill Fivaz or Larry Briggs himself among others..
  • dragondragon Posts: 4,548 ✭✭


    << <i>

    << <i>SEGS isn't the only grading company who uses experts outside the company for evaluation/authentication of esoteric items. >>



    True, but I believe they are the only grading company to list the founder of another grading company directly on the slab, and spell his name wrong. >>








    Yes......rather pathetic IMO.
  • coolestcoolest Posts: 2,281 ✭✭✭


    << <i>I would like to see this one up close, but I can say that it definitely is missing one of the diagnostics that I have used to identify 1880 business strike Shield Nickels. >>



    What diagnostic is that?
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,673 ✭✭✭✭


    << <i>

    << <i>I remember one SEGS slab where the label said "Damaged by UPS". >>


    They aren't afraid to call 'em out image >>



    Aw, too bad.

    I only collect coins that were damaged by FedEx. Guess that one wasn't for me.
    John Agre

    Coin Rarities Online
  • KoveKove Posts: 2,038 ✭✭✭✭


    << <i>

    << <i>

    << <i>I remember one SEGS slab where the label said "Damaged by UPS". >>


    They aren't afraid to call 'em out image >>



    Aw, too bad.

    I only collect coins that were damaged by FedEx. Guess that one wasn't for me. >>



    Perhaps you should expand your collecting horizons into a type set. "Damaged by FedEx," "Damaged by UPS," "Damaged by Fred," etc.
  • johnny9434johnny9434 Posts: 28,542 ✭✭✭✭✭
    it went for $3,500 in any case. good luck to the seller

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