Home U.S. Coin Forum

CSI and GEC graded coins, another SGS-type grading operation?

Came across this guy selling CSI (Certified silver investments) and GEC (gecgrading) encapulated coins, hundreds of them. All graded 67-70, all looking to be in the same plastic holders. Went to www.gecgrading.com, and not surprisingly, it had zero info on actually submitting coins to them, just statments about grading subjectivity and disclaimers. Of course if I'm wrong I'll gladly delete this post.

Ebay CSI/GEC graded coins

PS. Oh boy is I smart. Just did a forum search and somebody already posted on it before
Sometimes I sits and thinks, and sometimes I just sits.

-Mark Twain

Comments

  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    The answer here is obvious.
    When in doubt, don't.
  • WingsruleWingsrule Posts: 3,054 ✭✭✭✭
    Hmmm, a PROOF MS coin.

    Gives me all sorts of confidence in this grading company.
  • BurksBurks Posts: 1,103


    << <i>The answer here is obvious. >>



    It's Cracker Jack isn't it? WOO-HOO I WIN!!!!!!!!

    CSI should be good. Maybe the graders are the actors from the TV show.
    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

    Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1


    Negative BST: NONE!
  • RichieURichRichieURich Posts: 8,563 ✭✭✭✭✭
    Shouldn't CSI be grading the so-called death coins?

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

  • Text Hi everyone im new here on this forum, but i have been collecting coins since 1963, which has been a total of 44 yrs so far. why don't the 3 following gradeing companies NGC, PCGS and the ANA step in & put a halt to these off the wall graders by making it mandatory to take classes from the ANA to be certified graders, which adhere to the top standards of gradeing, and set up their on corporation in which they have to take the classes & be a member of the ANA to qualify as being certified graders which are licened & bonded to use the ANA seal & ANA Membership Numbers on there web sites which will include EBAY, Yahoo, Overstock ect.
    DavId Cooksey
  • image to the forum!

    This is an old thread but good questionimage I think the more relavent question should be why doesn't EBAY stop the blatant self-slab scammers? But the answer to that is easy: Because those sellers make ebay more money.

    Edit- Hi Tatter. If you get no replies from this thread, just start a new thread and cut and paste your post. Plus you'll lots of hello's ane welcomes =)

    Sean
    Sometimes I sits and thinks, and sometimes I just sits.

    -Mark Twain


  • << <i> why don't the 3 following gradeing companies NGC, PCGS and the ANA step in & put a halt to these off the wall graders by making it mandatory to take classes from the ANA to be certified graders, >>


    Simple answer, because they have no regulatory or enforcement powers. They have no legal right to tell me I can't start up a grading service or to make me take any of their classes. About the most they can do is not let me adverise in the Numismatist, and PCGS or NGC won't accept my slabs for crossover, which they won't do anyway. And what if I take their class and pass it, them go ahead and slab overgraded coins anyway (and since I passed the ANA class I can now put that on my overgraded slabs to give the sucker extra confidence in them.) Think Centles and I believe NNC. He can pass the course.
  • drwstr123drwstr123 Posts: 7,049 ✭✭✭✭✭
    Writersblock
    Veteran

    Posts: 905
    Joined: Jan 2007
    A LAPSE OF MEMORY OR MORALITY?
  • CSI, or Certified Silver Investments, also (I think) operates on eBay as sullyscoins, and they also own the domain csigrading.com (check out the obituary they wrote for the top TPGs), and the domain certifiedsilver.com. I'm not going to state facts about any of these companies as I wouldn't want to slip up and get something wrong, but in my opinion CSI is a scam, it appears to originally been a company targeting older people and investors nearing retirement age to purchase horribly overgraded coins at inflated prices with the hopes of hitting a jackpot in a few years. In my opinion it would take many decades (perhaps a century) for those coins originally purchased as "investments" to ever appreciate to their original purchase price. It also appears that the company has taken a new turn and instead of advertising their slabbed coins as investment opportunities for retirement plans, they are just another third party grader offering up "certified" coins.

    Most of American has heard of rare coins. Most of America has heard about precious metals. Most of America has heard of third party grading and certification services. Combine these buzzwords and offer them up to most of America that doesn't know much beyond the words themselves, and you have a nice pool of chumps from which to fleece the golden goose.

    If the slab comes from any of these companies, in my opinion it is a scam:
    ACC (American Certified Coins)
    ACG (Accugrade)
    AMG (American Grading Services)
    ANI (American Numismatic Institute)
    CCG (Colonial Coin Graders)
    CCGS (Certified Coin Grading Service)
    CGGA
    CSI (Certified Silver Investments)
    GEC Grading
    GGC (Gallery Grading Company).
    INB (International Numismatics Bureau)
    INC (Independant Numismatic Certification)
    NGCC (Numismatic Grading Certified Company)
    NGS (Numismatic Grading Service)
    NGS (National Grading Service)
    NNC (National Numismatic Certification)
    NTC (NumisTrust Corporation)
    SGS (Star Grading Service)
    SNGA
    WCG (World Coin Grading)
    WCGS (World Coin Grading Service)

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file