SGS Grading Service?

dcamp78 · February 12, 2007 8:01PM

Has anyone used this service? Are the grades given to coins the correct grades?

I really haven't paid that much attention to the grading services... I know that
PCGS, ANACS & others are available, but I hadn't seen SGS before.

lordmarcovan · February 12, 2007 8:06PM

Just say no.

StampAlarm · February 12, 2007 8:09PM

Listen to LM. Also, if you do a search on SGS here on the forums you'll pull up 3 full pages of threads that disgustes them.

Jerry

quarterguy · February 12, 2007 9:06PM

If you want 70s go ahead and use them, that is all they give out.... no matter what!

Preussen · February 12, 2007 9:07PM

Waste of time & money, IMO - Preussen

NeoStar · February 12, 2007 9:14PM

Stay away!!!

seateddime · February 12, 2007 9:58PM

I prefer Hallmark

Connecticoin · February 12, 2007 10:07PM

Avoid like the plague.

They are a self-slabber that grossly overgrades coins and sells them themselves (i.e. obvious conflict of interest). Biggest scam on ebay.

DrWho · February 12, 2007 10:09PM

run forrest run.

overgrade 3-4 ticks. the way biggest problem is authentication. i read a thread on ebay that someone bought SGS gold (bad idea), and it was fake. 3-4 ticks overgraded and DO NOT BUY KEY DATES, commons only!!

and, SGS is a fine example of.......................caveat emptor.

carpe diem. (gotsta latin going today!!, big snow here).

PerryHall · February 12, 2007 10:14PM

<< I prefer Hallmark >>

Great company but they went out of business many years ago. I rarely ever see their slabs anymore.

JimDepot · February 12, 2007 10:15PM

"Run Awayyyy!!!!"

Monty Python and the Search for the Holy Grail.

I love that movie.

HonoluluDude · February 13, 2007 12:57AM

I got a SGS slabbed Morgan in the mail yesterday. It's tagged MS66, but it
would probably get no higher than a 63 from PCGS.

mrearlygold · February 13, 2007 1:04AM

I have dozens and dozens of them and am trying to figure out what to do with them. A church in the mid west has received hundreds of these types of slabbed coins and has shipped me a couple hundred of them. Most of them are proof modern coins although there's lincolns going back to the 1930's too.

Will probably put them all on ebay with a disclaimer and sell at no reserve. Or send them all back. Not sure yet.

Not exactly my cup of tea. The priest is essentially holding a crate of problems and needs help. If I'm having this much trouble with them, I can't even imagine what a civilian would do with them.

I'm tempering what I say......big time

HonoluluDude · February 13, 2007 1:18AM

<< I have dozens and dozens of them and am trying to figure out what to do with them. A church in the mid west has received hundreds of these types of slabbed coins and has shipped me a couple hundred of them. Most of them are proof modern coins although there's lincolns going back to the 1930's too.

Will probably put them all on ebay with a disclaimer and sell at no reserve. Or send them all back. Not sure yet.

Not exactly my cup of tea. The priest is essentially holding a crate of problems and needs help. If I'm having this much trouble with them, I can't even imagine what a civilian would do with them.

I'm tempering what I say......big time >>

Crack 'em out of the slabs and let the market decide what they're worth.
SGS grades are definitely a joke.

mrmom · February 13, 2007 1:19AM

raw is better than SGS

BobaFett72 · February 13, 2007 1:38AM

you could get all your pocket changed graded MS-70 with no problem

...unfortunately they are using a 200 point grading system

mrearlygold · February 13, 2007 1:40AM

<< 

<< I have dozens and dozens of them and am trying to figure out what to do with them. A church in the mid west has received hundreds of these types of slabbed coins and has shipped me a couple hundred of them. Most of them are proof modern coins although there's lincolns going back to the 1930's too.

Will probably put them all on ebay with a disclaimer and sell at no reserve. Or send them all back. Not sure yet.

Not exactly my cup of tea. The priest is essentially holding a crate of problems and needs help. If I'm having this much trouble with them, I can't even imagine what a civilian would do with them.

I'm tempering what I say......big time >>

Crack 'em out of the slabs and let the market decide what they're worth.
SGS grades are definitely a joke. >>

For sure on that last note. However it's not worth the time and effort to crack them all out. There's hundreds of them! That's why I think to either list them with a disclaimer ( and my opinion ) or send them all back. The problem I have with sending them all back is then the Reverend is essentially up that famous creek without a paddle.

I've emailed him and inquired as to WHO the "dealer" was that these originate from.

That should be most interesting eh?

dcamp78 · February 13, 2007 6:08AM

<< "Run Awayyyy!!!!"

Monty Python and the Search for the Holy Grail.

I love that movie.

>>

Me too. Me ex used to hate it when I watched it...

Russ · February 13, 2007 6:10AM

SGS rocks!

Russ, NCNE

dcamp78 · February 13, 2007 6:10AM

<< I have dozens and dozens of them >>

Hey, why not put them up here and tell everyone to ignore the grades.
Got any pictures?

BigDaddyz · February 13, 2007 6:36AM

the sgs guy probably donated them and claimed their "high book value" on his taxes.

...hey, that may be a good idea

RichieURich · February 13, 2007 6:50AM

IMO, Russ bought the only worthwhile coin SGS ever put into a holder and he's been crowing about it ever since.

BlindedByEgo · February 13, 2007 7:05AM

<< IMO, Russ bought the only worthwhile coin SGS ever put into a holder and he's been crowing about it ever since.

>>

It is nice, though.

Fairlaneman · February 13, 2007 7:10AM

SSG will never answer my questions about cross overs to PCGS. I really need the first MS70 Merc....

Ken

Russ · February 13, 2007 7:21AM

<< IMO, Russ bought the only worthwhile coin SGS ever put into a holder and he's been crowing about it ever since. >>

Now, now, out of the many thousands of coins they've slapped in to their holders there must be another out there somewhere.

Russ, NCNE

mrearlygold · February 13, 2007 7:32AM

<< 

<< I have dozens and dozens of them >>

Hey, why not put them up here and tell everyone to ignore the grades.
Got any pictures? >>

Haven't taken any pics yet, but will,

Manorcourtman · February 13, 2007 8:29AM

<< IMO, Russ bought the only worthwhile coin SGS ever put into a holder and he's been crowing about it ever since.

>>

This is a serious exception to the rule. He got lucky. Expect a coin overgraded 5 pts. on average.

TennesseeDave · February 13, 2007 9:01AM

I think they should be grouped with NNC,NTC and ACG in the fact that 99.9% of their coins are overgraded.There was a thread earlier that showed a morgan slabbed SGS 63-PL and it was a VF coin at best.And some fool paid over $500 for a $50 coin.

Cameonut · February 13, 2007 9:12AM

Buying an SGS coin is like buying a lottery ticket. Almost all are worthless but once in a while you get lucky like Russ did.

Outhaul · February 13, 2007 9:15AM

SGS is just another in an ever increasing cesspool of POS grading services. I have yet to see one of their coins actually meet the grade stated on the label.

Barbercoin · February 13, 2007 9:17AM

SGS = Worthless

57loaded · February 14, 2007 3:16AM

here it is in action.....

http://tinyurl.com/2ffdj8

someday i will learn how to show a hyper-link here

RichieURich · February 14, 2007 3:21AM

<< 

<< IMO, Russ bought the only worthwhile coin SGS ever put into a holder and he's been crowing about it ever since. >>

Now, now, out of the many thousands of coins they've slapped in to their holders there must be another out there somewhere.

Russ, NCNE >>

I agree that it is a super coin. SGS slabbing a coin like this one IMO is like a blind squirrel finding an acorn, it's bound to happen once in a while, but not very often.

HonoluluDude · February 14, 2007 3:21AM

<< here it is in action.....

http://tinyurl.com/2ffdj8

someday i will learn how to show a hyper-link here >>

here ya go

SGS Grading Service?

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