Aboncom is making a fortune

IRCWCoins · June 25, 2006 1:10AM

They have grossed $410,159.96 in the last 30 days.

mrearlygold · June 25, 2006 1:54AM

Another one that belongs in jail?

BobaFett72 · June 25, 2006 1:56AM

just remember, "theres a sucker born every minute"

mrearlygold · June 25, 2006 2:08AM

who is SGS??

Bryan1315 · June 25, 2006 2:23AM

<< who is SGS?? >>

That would be the one man grading company of Aboncom, the one where he just slaps his inventory in MS-70 slabs and reams out the unsuspecting new collector

Connecticoin · June 25, 2006 2:51AM

Biggest scam on Ebay, but probably not quite a big enough fish (at this point) for the FTC to get involved.

kranky · June 25, 2006 2:57AM

What astounds me is that there could be so many uninformed people paying all that money. How can the hobby reach them?

topstuf · June 25, 2006 3:00AM

Does SGS have a registry?

MAD4MORGANS · June 25, 2006 3:04AM

But their coins look so GOOD!!

Myqqy · June 25, 2006 3:10AM

Does SGS have a registry?

morgannut2 · June 25, 2006 3:15AM

<< Does SGS have a registry?

>>

--
----
Of coarse,---just join the MS70 club for $100: I'M NUMBER ONE IN ALL CATEGORIES!!!

Russ · June 25, 2006 3:42AM

<< << who is SGS?? >>

That would be the one man grading company of Aboncom, the one where he just slaps his inventory in MS-70 slabs and reams out the unsuspecting new collector >>

Yeah, they reamed me.

Russ, NCNE

flaminio · June 25, 2006 3:43AM

<< Yeah, they reamed me. >>

What'd that cross to?

Russ · June 25, 2006 3:50AM

<< << Yeah, they reamed me. >>

What'd that cross to? >>

It's in at PCGS. Many moons left to wait. Should grade MS66DCAM, with a very real shot at MS67DCAM.

Russ, NCNE

keets · June 25, 2006 3:55AM

please explain to me why they are a scam artist.

IRCWCoins · June 25, 2006 4:03AM

<< please explain to me why they are a scam artist. >>

Because they claim to be a third-party grader, when they are not.

keets · June 25, 2006 4:05AM

why not??

keets · June 25, 2006 4:19AM

no answer yet???

have you tried to have coins graded by them??? it's possible i missed something while i read the entire page for one of their listings, but i saw nothing which states that they are a Third Party Grading Service so there would appear to be no misrepresentation. i don't think presumption of an offense on your part is fair play, but it seems legitimate here so slam away and tell Russ how royally he was screwed over for using his skill to his own advantage against this scam artist.

1921obsession · June 25, 2006 8:53AM

<< no answer yet???

have you tried to have coins graded by them??? it's possible i missed something while i read the entire page for one of their listings, but i saw nothing which states that they are a Third Party Grading Service so there would appear to be no misrepresentation. i don't think presumption of an offense on your part is fair play, but it seems legitimate here so slam away and tell Russ how royally he was screwed over for using his skill to his own advantage against this scam artist. >>

That's all fine and dandy when you're you, or Russ, and have a lifetime's experience collecting coins. When you're a bare rookie, and all you know is slabbed=good=trustworthy, that seller is the Devil incarnate.

Barry · June 25, 2006 9:08AM

<< why not?? >>

Because the first party is the grading service. There is no third party.

keets · June 25, 2006 9:14AM

not from what i see in their listings and not from what i see judging by their feedback. it seems that even though they reference things like In this grade comparable grading companies list this coin for $11,000.00 the bidders make bids based on what they grade the coin at and where it would be priced at that grade level. the coin valued at $11k by other grading companies sold for $716. as long as the seller offers some type of return policy i can't see where they have scammed anyone. of course we all know that the coins in PCGS-NGC-ANACS-SEGS-etc, etc are properly graded and can be safely bought online based on pictures!!!

it's all relative to me and comes down to contempt prior to investigation. if you're a bare rookie you really have noone to blame but yourself if you gamble in an online auction based on a picture and a sellers hype with no intelligent reasoning at your disposal as a result of education, not just with coins, but with anything. it's just plain stupid to do that and then to blame the seller.

there are much, much worse eBay scammers than this pathetic example.

keets · June 25, 2006 9:18AM

Barry, i don't believe they refer to themselves as a third party grading service. that's purely an assumption made by the OP. i may have missed something, but i read through a few of their auction descriptions and they don't purport to call themselves a TPG, they only say the coins are graded by Star Grading Service blahblahblah and so on.

ILikeMercs · June 25, 2006 9:23AM

maybe not a scam artist

but a real jerkoff......look at his retaliatory feedback. The guy ain't ever done anything wrong, just ask him. His smarta** answers are enough to turn anyone with a brain off. Keets, surely you jest.

keets · June 25, 2006 9:30AM

read just about any legitimate sellers retaliatory feedback and it'd be close to the same. and no, i'm not jesting, i just hate lynchings which tend to be common here and evry time i start one i get hounded.

BlindedByEgo · June 25, 2006 9:35AM

<< Barry, i don't believe they refer to themselves as a third party grading service. that's purely an assumption made by the OP. i may have missed something, but i read through a few of their auction descriptions and they don't purport to call themselves a TPG, they only say the coins are graded by Star Grading Service blahblahblah and so on. >>

Keets, I have observed that you often seem to delight in taking the contrarian point of view - and I appreciate it. Keep people on their toes, and all that...

In the case of these folks, the way I see it is that:

-They over represent the coins, often as MS70. This is deceptive on its face.

-They represent the coins as graded by SGS, "America's Grading Service", imputing (and that is not a stretch here) a level of impartiality from a legitimate third party grader.

-"Star Grading Service" provides a "Certificate of Authenticity" - apparently worth the paper on which it is written. Neither SGS's website nor their submission form carries information on what or how they "guarantee" their product.

-As much as I believe in "Caveat Emptor", I find their auctions intentionally deceiving... Even if the market downgrades their claims. Fraud is fraud - if it walks like a duck, quacks like a duck...

I believe that neither their product nor their practices benefit the hobby. How can you support them?

Coindexter · June 25, 2006 9:36AM

When I was a rookie collector it never occured to me to buy anything in a slab. I got used to that idea after coming here.

stman · June 25, 2006 9:36AM

<< i just hate lynchings which tend to be common here and evry time i start one i get hounded. >>

Keets, Keets, Keets, You know there are "rules" around here. You're not supposed to have the guts to speak your mind about "RESPECTED" board members. And no first "SHOT" for you!!

keets · June 25, 2006 9:54AM

to stman-----

now, back to the regularly scheduled thread.

first of all, do some reading on this thread which was an honest attempt by me a few years ago to provide some first hand experience on a supposed bottom feeder service. i tried only to provide the factual information and was roundly scorned and about called evrything but a white man who some dark, hidden motive. i didn't. i only gave some information from a situation that i had stumbled into. you may discern for yourself what that has to do with SGS.

as to the points posed by BlindedByEgo, i think the whole premise of the thread and what gets most everybody's boxers in a bunch is the many, many MS/PR70's in SGS holders. GEEZ, i thinbk i've even posted threads or replies about that. everyone knows that only PCGS and NGC are qualified to assign that grade, handing it out as the prize every _________ submitted coin(pick your number).

BTW, i don't support them although i will defend them much the way i would defend IRCWCoins if anyone ragged on them as a wannabe dealer. i am indded a cotrarian, not when it suits when, when it feels like it's justified. this case seems to fit that criteria.

1921obsession · June 25, 2006 9:56AM

You're making valid points, keets, but in this case I think CU was the last place on the Internet which isn't up in arms over this seller's practices. We can all sit here and spout "caveat emptor" until we're blue in the face, but it won't change the fact that SGS (and, to be fair, the other Alphabet TPG's) are making an absolute mockery of the TPG system, which is supposed to prevent the requirement that one be an expert grader before being able to buy a coin.

Keep in mind, there are something approaching 150 million people collecting coins in one fashion or another. Maybe ten million who are serious enough to acquire grading skills. The others, learning that there is a system of grading companies like PCGS and NGC, are reassured enough to dip their foot into the water without spending the obsessive time that we do. The whole purpose of the TPG systen is to make that possible. Sure, if all the non-graders leave numismatics, we can all rest easy because coins will become much easier to buy. Prices will drop. It'd be a buyer's market.

Unfortunately, it wouldn't help the sellers any.

It would be a safe assumption that virtually anyone reading this thread can safely play the SGS game to a profit like Russ did. More power to them. It's not for me, though, because I will not, with my money, facilitate the success of a company which preys on the weak and inexperienced.

SGS does not slab coins for people like Russ. If all they wanted was MS64 money, they'd show the coins and take the bid. I freely admit that Abon seems to get good coins, and were it not for moral considerations I'd do business with them. They're slabbing for the one buyer out of fifty (and, not having crunched the numbers, I may be understating it) who will pay MS66 money for an MS64 coin. That's where their profit lies, that's what the SGS slab is for, and that's why I simply do not understand why nobody with some real power in the hobby hasn't slapped them down yet.

It is undermining the credibility of companies like PCGS to allow these Alphabet Slabbers to continue. Newcomers are being taught that MS67's can have scratches on them visible in a poor photo, and that the proper price for an MS67 is MS64 money, and that MS70 is an easily-attainable grade.

Coin grading is subjective, but not that subjective. It's tough to discern between MS66 and MS68, maybe, but it isn't tough to tell between MS64 and MS66, much less 67. It's a substantial difference, and the Alphabet Slabbers are narrowing that gap to an unnatural closeness. If it actually takes hold, we all suffer. The endgame here is that too few people are willing to pay MS65 money for a PCGS MS65, because they can have MS65 for MS63 money in somebody else's holder.
The membership of this one forum, or indeed all numismatic forums combined, is not what keeps the dealer network afloat. Nor is it SGS's target demographic.

ILikeMercs · June 25, 2006 10:02AM

I just wonder how many SGS coins are undergraded..............

mfcobra · June 25, 2006 10:04AM

<< You're making valid points, keets, but in this case I think CU was the last place on the Internet which isn't up in arms over this seller's practices. We can all sit here and spout "caveat emptor" until we're blue in the face, but it won't change the fact that SGS (and, to be fair, the other Alphabet TPG's) are making an absolute mockery of the TPG system, which is supposed to prevent the requirement that one be an expert grader before being able to buy a coin. >>

Well put

Bryan1315 · June 25, 2006 10:35AM

a fellow member on another forum made this picture up and I thought it may get a laugh or two on this thread since we are talking about Aboncom and SGS

AlixTCat · June 25, 2006 10:35AM

<< I just wonder how many SGS coins are undergraded..............

>>

I wonder too.

Jonathan

keets · June 25, 2006 12:49PM

in the end, i don't encourage nor do i take part in any kind of actions that try to take advantage of the ignorance of new collectors. by the same token i try to encourage newcomers to educate themselves. the most puzzling aspect of the current state of the hobby is the insistence by so many to relieve any culpability from the sheep being sheared by Aboncom or whoever, even if such shearing is suspect. if newcomers expect to dive head first into New-Mis(takes)matics with out educating themselves, they are asking for trouble. this is the information age, for kripe sake, where anything is readily available. if someone can bid online they can do some homework or pay the price for being stupid.

i don't encourage that and it doesn't make me happy to see it happen, but it's a simple fact of life. since i don't perceive what this seller is doing as wrong or deceptive the blame lies with those who are buyers to know what in the H-EEEE-double-hockey-sticks they're doing. please point me to another human endeavor where ignorance isn't punished, please.

BlindedByEgo · June 25, 2006 1:50PM

<< since i don't perceive what this seller is doing as wrong or deceptive the blame lies with those who are buyers to know what in the H-EEEE-double-hockey-sticks they're doing. please point me to another human endeavor where ignorance isn't punished, please. >>

While I agree that in a perfect world only collectors of adequate skills would ever buy coins with the discernment that you expect, I think that you are ignoring the facts when it comes to this seller - namely, that their deception is patently obvious. I am beginning to understand, as a relatively new member of this board, why so many seem to automatically respond to you with contempt. You are quick to take offense, and seem to have the ability to ignore clear evidence if it contradicts your closely held opinion.

I hope that my observation does not make you angry - or if it does, that you will use that anger as motivation to rethink your position.

topstuf · June 25, 2006 1:50PM

<< another human endeavor where ignorance isn't punished, please. >>

ummm.... politics
both political and forum versions.

WoodenJefferson · June 25, 2006 2:00PM

Being new to this chat board I shall not expound on speculation but do this as an objective experiment. Go to e-bay and in the search box , type in "MS 70" just that, nothing more and see what pops up! 99% of the listings will be in SGS (encapsulating service…not even in sonically sealed holders, but with a “Gold” tamper-proof tab holding the two plastic halves together) plastic coin holders. To me Abon is flooding the upper crust with these so-called Mint State 70 coins and will eventually saturate the market causing a boomer rang effect on legitimate services. Now, if your looking for good RAW coins to fill out runs of recent years of cents, nickels, dimes, Statehood Quarters and Kennedy halves, even Silver Eagles for that matter look no further. SGS/Aboncom will put you onto some reasonably priced coins, but the buyer should always be in a state of manorial chant…“these are MS64/65 I’m buying and not Russian Faberge eggs“. There is a draw back to all of this, don’t expect to try and resell SGS coins while they are still in the holder. The only way a person can dump these coins is to find yet another unwary buyer just as unwary when the original purchasers were duped. Then all the parties can broadly smile and say that they have purchased “the best of the best” Free enterprise has a direct link to moral obligations, there are those who rest their head on free enterprise and will be asleep in just a few seconds…why, they have none, no morals, no desire to want any either. Making money and lots of it quickly drives these egos and what ever has to be cast aside is done so and with out remorse. Momma always said: “What goes around…comes around!” sometimes squared, so in the future something will happen that will appease everyone’s satisfaction, perhaps some tighter reins on SGS, who knows for sure these days.

gyocomgd · June 25, 2006 3:27PM

Aboncom and SGS are a rotten-to-the-core outfit. I am incredulous that anyone would defend them, their ethics, their effect on the hobby, the whole thing. Keets, I'm so surprised by your take on this company.
They stink in so many ways. Briefly:
--Abon refers to SGS as though they are not related, when in fact they are one and the same. That is deceptive, hiding what is clearly a conflict of interest.
--When they put MS70 on a slab, it is implied they are grading by ANA standards. Why do they put MS70 and not MS68? So they can command as close to MS70 money as possible. It is meant to deceive.
--I don't believe they even grade their coins. Does anyone?
--From day one, I've been angered by the arrogant claims of experienced collectors that buyers "have no one to blame but themselves" when they are led down the primrose past by a company such as this one. New collectors enter the hobby assuming these companies are forthright, honest and objective. It is incredible to me that more knowledgeable folks shrug while these people wind up victimized and disillusioned, and leave the hobby. It hurts collecting. The first thing I did when I started out was bid on some ASEs in SGS slabs, and was deeply embarrassed and angry to find out they weren't the real deal.
--When I tried to open a dialogue with Abon, I was promptly bammed from ever bidding on their stuff. Can you imagine the size of their "blocked" list? Their retaliatory feedback policy--and it IS tantamount to a policy--is bullying and dishonest. It may be legal, but it isn't right. They have no sense of decency whatsoever, at least in regard to coins.

BlindedByEgo · June 25, 2006 3:30PM

<< Aboncom and SGS are a rotten-to-the-core outfit. I am incredulous that anyone would defend them, their ethics, their effect on the hobby, the whole thing. Keets, I'm so surprised by your take on this company.
They stink in so many ways. Briefly:
--Abon refers to SGS as though they are not related, when in fact they are one and the same. That is deceptive, hiding what is clearly a conflict of interest.
--When they put MS70 on a slab, it is implied they are grading by ANA standards. Why do they put MS70 and not MS68? So they can command as close to MS70 money as possible. It is meant to deceive.
--I don't believe they even grade their coins. Does anyone?
--From day one, I've been angered by the arrogant claims of experienced collectors that buyers "have no one to blame but themselves" when they are led down the primrose past by a company such as this one. New collectors enter the hobby assuming these companies are forthright, honest and objective. It is incredible to me that more knowledgeable folks shrug while these people wind up victimized and disillusioned, and leave the hobby. It hurts collecting. The first thing I did when I started out was bid on some ASEs in SGS slabs, and was deeply embarrassed and angry to find out they weren't the real deal.
--When I tried to open a dialogue with Abon, I was promptly bammed from ever bidding on their stuff. Can you imagine the size of their "blocked" list? Their retaliatory feedback policy--and it IS tantamount to a policy--is bullying and dishonest. It may be legal, but it isn't right. They have no sense of decency whatsoever, at least in regard to coins. >>

Amen, brother. Can I hear an amen?

morgannut2 · June 25, 2006 4:04PM

<< in the end, i don't encourage nor do i take part in any kind of actions that try to take advantage of the ignorance of new collectors. by the same token i try to encourage newcomers to educate themselves. the most puzzling aspect of the current state of the hobby is the insistence by so many to relieve any culpability from the sheep being sheared by Aboncom or whoever, even if such shearing is suspect. if newcomers expect to dive head first into New-Mis(takes)matics with out educating themselves, they are asking for trouble. this is the information age, for kripe sake, where anything is readily available. if someone can bid online they can do some homework or pay the price for being stupid.

i don't encourage that and it doesn't make me happy to see it happen, but it's a simple fact of life. since i don't perceive what this seller is doing as wrong or deceptive the blame lies with those who are buyers to know what in the H-EEEE-double-hockey-sticks they're doing. please point me to another human endeavor where ignorance isn't punished, please. >>

---
-------
I agree with Keet's point in that they don't "claim" to really be a TPG. But the rest about "new collectors" is not valid. Here's a case why:
I got back into collecting in 1999, after finishing a complete Morgan collection in AU and lower Unc+ (and Washingtons, and Peace $'s, etc). between 1959 and 1980. ----
--------
I had zero idea in 1999 what all this MS stuff was (verses Choice or gem Uncirculated). Or what the alphabet soup of TPG's really meant!!!!!! Was I an ignorant newbee and was that my fault? Ya know, I picked up grading before the alphabets from I think good graders--on Morgans, the likes of Wayne Miller in Helena (where I did my thesis, and Julian here in DC, where I lived).
--------
The point is when I got back into the hobby, how was I to know there were joke grades and real grades--depending which supposedly independant service??? So this seller is wrong (and deceptive)--he prays on people who lack ONE THING--knowing to type into their Computers www.pcgs.com!!!!!!!!!!!!!! I wish I knew that in 1999, and this disception with the holders is misleading as plain as day in my opinion--it's not like Stacks' calling a "select" coin "choice" unc.--that's a real opinion difference.
---
EDITED to add--I found Keets old post on NTC instructive--These so-called third world companies may not do as bad a jod on CIRCULATED material as most think. In fact they're cheaper. My only problem with them is cleaning, where ANACS seems to overdo it, and they miss many cases that seem obvious to me.

Bochiman · June 25, 2006 4:05PM

I was watching "aboncom" before I joined this board.......came close to bidding.
Asked a few questions of him, not even smart@$$ questions, and got "smart" comments back.

Saw a few things in his feedback that I asked others about (those that left the feedback) and got quite a bit of info on him, the quality of the coins, and his practices.
I believe that my userID on ebay is banned from his auctions (don't know, never did try to bid) because I asked about some of his feedback as well.

Doing the contrarian approach can be cool......using an example like aboncom to do it with, and to defend, is not really that bright nor helpful.

Now, I really haven't looked at aboncom a lot since he started his SGS (just the occassional look when searching through for some items on ebay and accidentally going to his auction(s)), but, it doesn't appear anything has changed....he is still a ripoff and scum.

JustaRookie · June 25, 2006 5:12PM

No disertation frrom me just some harda$$ feedback much like the afore mentioned hands out like candy on October 31st=====Immoral, unethical, maniacal, the Lucifer of our hobby, and so on and so one....need I say more?

draco2 · June 25, 2006 9:34PM

Greetings,

I think, I bought twice from them. The second time I had already figured out what a idiot I was for trying to get something for nothing. I did not leave feedback the second time. It wasn't long before I would receive e-mail that your coins are shipped things along those lines. I think they wanted my feedback. I couldn't see any other reason for that e-mail. I made sure I wasn't billed again. i just couldnt get over their attempt to get feedback. I did send their coins to ICG with some free coupons for grading except shipping and was not surprised when they came back not graded ms70
Bruce

Coindexter · June 25, 2006 10:27PM

I saw in an aboncom auction that SGS does indeed have an authenticity guarantee. The coin's authenticity is guaranteed for the purchase price for life.

This is an interesting tid bit. Being as a huge percentage of SGS graded coins are moderns that have the intrinsic disadvantage of being in an SGS slab it is safe to say that many (if not most) of the coins will sell for relatively small amounts of money.

SGS knows their coins are authentic (after all, most of them were pulled from their pockets only moments before going into the slabs), so the guarantee will never be utilized. If by some quirk it does turn out that one of their coins is counterfeit they need only pony up the original purchase price.

This is really interesting because it is definitive proof that Aboncom and SGS are one in the same. How can a supposedly "third party" grading service guarantee a coin's authenticity against its purchase price when a "third party" grading service by definition cannot be involved in the sale of the coins it certifies? Furthermore, upon the guarantee being redeemed how would SGS know the purchase price of the coin unless they have access to Aboncom's sales records? Well, I suppose they could just take the coin holder's word for it.

So there you have it. In an attempt to instill comfort in their collector base by providing the planet's lamest authenticity guarantee Aboncom inadvertently linked itself to SGS (and vice versa).

And for the record I do occasionally buy SGS slabs. I set my sniper for the opening bid of the auction. When I win I crack the coins out immediately and put them in my albums. I treat them all as if they were AU until I find out otherwise.

ILikeMercs · June 26, 2006 1:45AM

I did a little searching and it seems Aboncom and SGS' websites are registered to 2 guys with the same last name and the 2 cities they're from are very close to each other...........

edit: it has been pointed out to ME that this has already been pointed out elsewhere........but for those of you that don't search every thread, here it is...........

keets · June 26, 2006 11:28AM

why would a newcomer to the hobby in this day and age NOT visit a local shop or show, that's what confuses me. even a small sized local show with perhaps 30-40 tables would be able to sort out two questions:

1. What are the legitimate grading companies I can trust??
2. Is SGS a legitimate grading company I can trust??

that to me is the absolute bare bones research project that any newcomer to Numismatics should take, after all the word Numismatics infers study. read this thread of mine from earlier this year if you think i'm just blowing smoke out my ass to see my thoughts on the screen. why newcomers expect a free-all-expenses-paid-trip to payday behooves me. as i told another member via PM-----i've paid for my mistakes and i think i'm a better collector for it. i wish others my success.

kranky · June 26, 2006 11:41AM

keets, no one believes more in learning before spending more than I do (see sig). But in order for newbies who aren't connected to anyone else in the hobby to understand how important it is to answer the questions you raise, they have to see that not all grading companies are equal. That may not be obvious. It's easy and understandable for people to believe that grading is grading, and one slab is as good as another.

I agree that if the buyers are jumping on off-brand slabs because they think they are buying coins for pennies on the dollar, they are delusional. If they think that's their all-expenses-paid trip to payday (I like that expression), then they have no one to blame but themselves. There ain't no Santa Claus in ANY collectible field (unless you shop where Marty got that 1893-S Morgan). My grandfather had a habit of butchering old cliches, and in the case of the greedy newbie he'd have said, "He buttered his bread, now he has to lie in it."

I'd love to survey some SGS buyers to see exactly what they think they are getting. If they are mainly like Russ, looking for the occasional cherrypick, then I'm wrong and no one is being snookered. But I have a feeling many of them are not in a position to get first-hand advice from a show or club for whatever reason, and they are paying way too much for stuff. Their heirs will probably be the ones to find out, and pity the poor guy who tells them the truth. He'll be looked at as the bad guy for lowballing them.

keets · June 26, 2006 12:00PM

jim, you've spent some time behind Pat's table for some of the same reasons i've helped Rich. one thing i've seen is absolute greenhorns asking about coins in holders, what they are and stuff like that. my feeling is that an approach like that puts those newcomers head and shoulders above the rest just starting out. comparisons rarely fit when using coins vs. anything else, but just imagine someone wanting to buy a Television set. don't you think they'd go to a Television store?? why do people insist on doing it differently with coins where they'll be investing their hard earned dollars?? imagine the TV shopper heading to downtown Pittsburgh to get a set from the guy on the corner, a 42 inch LCD by XYZ Electronics for $299. would you feel sorry for his stupidity when the set failed after a week and he was PO'd??

the guy who does some research before he spends money and settles on a name brand he can trust, with a reputation others will endorse, will probably fare better. so it is with our coin shopper.

for whatever reason, like me or hate me, if i'm right or if i'm wrong, i just can't get too worked up when people venture into the hobby with no investigation and get fleeced, only to complain. that's just stupid.

keets · June 26, 2006 12:06PM

from an e-mail i sent to Aboncom:

-----What is your return policy, I noticed nothing in the listing? Thanks.

-----All returns have to be shipped back within 10 days of you receiving items. All coins have to be in their original unopened holders. Refunds are for the bid price only, NO shipping.

this sets a lot straight for me.

08HALA20 · June 26, 2006 12:11PM

<< I just wonder how many SGS coins are undergraded..............

>>

Only the one Russ bought.

Rookie Joe

coinbuf · June 26, 2006 12:53PM

After reading this thread I'm do not think that Keets was so much defending SGS and Aboncom as pointing out some flaws in the OP's statements. I'm not defending or getting the rope out as far as Abnocom is concerned, you all seem to think that their customer base is a bunch of mindless idiots. Have you ever thought that perhaps those buyers are enjoying themselves? Not everyone is made of money (while many here are) and if a guy/gal buys a set of MS70 SGS modern crap slabs for one tenth a PCGS set who are we to judge their level of satisfaction with that set just because it does not meet with our/your expectations.

One poster wondered how many of the SGS coins on the marketplace are undergraded; I's guess very few if any as most here would also. But just on the shear quantity of material thay move; coins like the one Russ found are out there. You just have to sift through a lot of garbage to find them, but as many here say the thrill is in the hunt... Right?

Just a few thoughts, now back to the linching.

Aboncom is making a fortune

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