SEGS coin grading

sly · June 21, 2007 10:56AM

Just wondered what people thought of SEGS coin grading. Is it reliable and accurate or should I stay away? Thanks

fivecents · June 21, 2007 11:00AM

<< Just wondered what people thought of SEGS coin grading. Is it reliable and accurate or should I stay away? Thanks >>

I have actually had to crack SEGS coins out and sell them raw to get decent $ for them. Sorry Larry.
Still it's always best to buy the coin and not the holder.

oxy8890 · June 21, 2007 11:01AM

I try to stick with PCGS or NGC personally. They seem to be the two most respected in the industry.

JeremyDie1 · June 21, 2007 11:01AM

If you are new to collecting coins, I would stay away.

mrmom · June 21, 2007 11:02AM

it is worse than raw

only pcgs and ngc

JeremyDie1 · June 21, 2007 11:02AM

<< If you are new to collecting coins, I would stay away. >>

Even if your not new to coins., Stay away!

ziggy29 · June 21, 2007 11:07AM

<< it is worse than raw >>

Worse than raw? Hardly.

SEGS may not get the respect of the first tier slabbers, and that's mostly deserved, but to say "worse than raw" is not even close.

If you have two coins for sale-- let's say '09-S VDBs but it could be any valuable, commonly faked coin -- one raw and one in an SEGS slab, you'd think the raw coin is better? That the raw coin has more resale value? I have a little more respect for Larry Briggs and SEGS than that. I wouldn't always rely on the grade since it can be hit or miss with them, but I'd still MUCH rather have an SEGS slab than raw if authenticity was a question. It's not even close.

They're not first-tier but still light-years ahead of the NNCs, NTCs, SGSs and the other alphabet soups of the world.

koynekwest · June 21, 2007 11:19AM

<< 

<< it is worse than raw >>

Worse than raw? Hardly.

SEGS may not get the respect of the first tier slabbers, and that's mostly deserved, but to say "worse than raw" is not even close.

If you have two coins for sale-- let's say '09-S VDBs but it could be any valuable, commonly faked coin -- one raw and one in an SEGS slab, you'd think the raw coin is better? That the raw coin has more resale value? I have a little more respect for Larry Briggs and SEGS than that. I wouldn't always rely on the grade since it can be hit or miss with them, but I'd still MUCH rather have an SEGS slab than raw if authenticity was a question. It's not even close.

They're not first-tier but still light-years ahead of the NNCs, NTCs, SGSs and the other alphabet soups of the world. >>

I totally agree.

GoldenEyeNumismatics · June 21, 2007 11:27AM

I've seen many accurately graded SEGS coins, but most are off by a couple points

GrumpyEd · June 21, 2007 11:30AM

I'd stick with pcgs or ngc or even anacs for cheaper stuff or just for authenticity or variety attributions as long as it's not a trade dollar LOL.

Mark · June 21, 2007 11:43AM

ziggy29's comments are right on the mark.

NumisOxide · June 21, 2007 12:27PM

<< << it is worse than raw >>

Worse than raw? Hardly.

SEGS may not get the respect of the first tier slabbers, and that's mostly deserved, but to say "worse than raw" is not even close.

If you have two coins for sale-- let's say '09-S VDBs but it could be any valuable, commonly faked coin -- one raw and one in an SEGS slab, you'd think the raw coin is better? That the raw coin has more resale value? I have a little more respect for Larry Briggs and SEGS than that. I wouldn't always rely on the grade since it can be hit or miss with them, but I'd still MUCH rather have an SEGS slab than raw if authenticity was a question. It's not even close.

They're not first-tier but still light-years ahead of the NNCs, NTCs, SGSs and the other alphabet soups of the world. >>

Ditto and also SEGS circulated stuff is alright.

StampAlarm · June 21, 2007 12:35PM

I like SEGS. I have been sending them BB's from PCGS that came back altered sufaces. All 3 were properly labeled with the problem. Now, I have a few comparison coins.

Jerry

mrearlygold · June 21, 2007 12:44PM

I have an 1850 double eagle in a SEGS AU-55 holder. It's been lightly cleaned. I'm too lazy to get it out and see if it says so on the holder and it hasn't been imaged yet. It's a nice coin but it's been cleaned. It will be sold at price to match it's true net grade. And that's in the 50 range for this specimen. Some are more, some less.

CoastGuard · June 21, 2007 12:54PM

I have bought a few SEGS at shows but I make sure to run it by some others whose grading I know to be accurate. I find most accuracy with ICG, PCGS, NGC, & ANACS and generally don't feel compelled to get second opinions on those four services.

mrmom · June 21, 2007 1:38PM

I thought SEGS was one of those distant third tiers, I guss I am wrong.

From now on I will pay more attention to SEGS coins.

JRocco · June 21, 2007 1:54PM

I have purchased several very nice coins in SEGS holders. Buy the coin for what you value it for and only use the numerical grade on the label as a base range to start from.....kinda like what I do with PCGS and NGC plastic also.

GrumpyEd · June 21, 2007 2:01PM

I'd say they are one of those distant third tiers but it doesn't mean every coin is bad, some can be better than they graded them.

Last 2 I got both are varieties.... One was graded AU58, crossed to PCGS as a 62RB and the correct variety. The next coin bought sight unseen was also a variety on the slab and F15, the grade was right on but it isn't any variety and I have no clue if they did it as a typo or mis-attribution. Fortunately it's cost was less than the grading fee so I'm still ahead because the other coin was a bargain. The second coin is now a paperweight

I'd say they're the same as raw, you need to see the coin and grade and determine problems/authenticity based on what you see but that's only based on the few I've had or seen.

jobiwan115 · June 21, 2007 2:39PM

I have only one SEGS coin, a 1938-D Buff with some really nice toning, they graded it a 66. I stick with PCGS and NGC since I learned my lesson on some of those "other graders", but I like the look of this one, and what I paid for it ($46).

Burks · June 21, 2007 3:15PM

People might be getting SGS and SEGS confused.

SGS - Total crap. Don't even bother
SEGS - They are worth a closer look.

numobri · June 21, 2007 3:45PM

I had coins slabbed by SEGS and I have been happy with them.

I will say,buy the coin not the slab.

Brian

lordmarcovan · June 21, 2007 5:06PM

<< Worse than raw? Hardly.

SEGS may not get the respect of the first tier slabbers, and that's mostly deserved, but to say "worse than raw" is not even close. >>

I also agree. SEGS is third-tier, but that's better than a lot of fly-by-night "grading services" you see nowadays.

northcoin · June 21, 2007 5:39PM

SEGS still has the best holder.

Boom · June 21, 2007 5:57PM

<< SEGS coin grading. Is it reliable and accurate ? >>

Wait!

A LITTLE MORE ACCURATE THAN THIS

garsmith · June 21, 2007 7:19PM

Buy the coin not the holder; in other words don't believe the grade on the slab unless you see the coin first hand and see that it is accurate!

Frankcoins · June 22, 2007 1:49AM

I have found SEGS coins graded about right with any problems noted on the label. Of course for "condition" rarities only PCGS and NGC have market acceptance.

jmj3esq · June 22, 2007 1:58AM

I just purchased my first SEGS graded coin on ebay. It is a 1905 MS64 RB Indain Head cent. I got it cheap. We will see how the grading is when I get it in hand. I bought it for my 7070 type set.

SanMiguel98 · June 22, 2007 2:12AM

I switched over to paper and barely have any coins left, but the one slab I've held on to is from SEGS. One of them 1938 Schlag Jefferson pattern things. I agree with northcoins...hands down the best looking slab on the market. Do newer SEGS slabs still come with a small, as-made crack in the plastic?

speety · June 22, 2007 2:18AM

I've found quite a few PQ for the grade coins in SEGS slabs. Not often but it's still worth looking at the coins, and often they are priced well below NGC/PCGS slabbed coins.

crispy · June 22, 2007 2:23AM

I see an awful lot of SEGS holdered coins peppered about dealers tables. So my question is: Do these dealers trust SEGS's grading capabilities or are they getting them slabbed as such to elicite a higher grade. Nevermind the "buy the coin, not the slab" disclaimer. I understand that some of these slabs can be acquired from other sources and end up in a dealer's inventory but there still seems to be a lot of them floating about and some dealers have almost exclusively SEGS product. Somebody somewhere is sending them to SEGS. If they are indeed a fringe third tier TPG, then we have more unscrupulous dealers then we think (assuming the SEGS assigned grades pricing are commensurating with the equivalent "1st tier" assigned grades pricing).

RGT · June 22, 2007 5:54AM

I have only bought one SEGS slabbed coin. I took a chance on an MS63 bust half dime on eBay. Actually, it wasn't much of a chance since I got it for AU50 money. I cracked it out and sent it to ANACS where it came back AU58. It was no MS63, but I thought it might go 61 or 62.

SamByrd · June 22, 2007 12:34PM

imo Segs and IGC and recent Anacs are close as far as reliability and consistancy very 3erd tier. I have a few Segs slabs that I bought right but for the most part I stick with PCGS NGC old ANACS.

SEGS coin grading

Comments

Leave a Comment