grading companies

Hi, does anyone know if coins graded by sgs,nnc,nts,are worth to bid on
and has anyone bid on some of these coins and found out they were
overgraded,thanks.

On Fri, 9 Dec 2005 12:23:59 -0500, (Fred Arakelian) is
alleged to have written:
Hi, does anyone know if coins graded by sgs,nnc,nts,are worth to bid on
and has anyone bid on some of these coins and found out they were
overgraded,thanks.

Well, given the recent lawsuit by ACG, many will be hesitant to answer
these questions directly.

However, my advice would be to treat any coin not in a PCGS, NGC, or
ANACS slab as raw. I treat NNC & NTC coins as suspect, some folks use
those services to get coins certified that would bodybag at PCGS/NGC
or net grade at ANACS.

As for overgrading, well, I haven't seen a single SGS coin that I
thought would cross to PCGS at the stated grade. I have successfully
crossed a couple of NTC coins to PCGS holders at the stated grade, but
those coins were the exception rather than the rule. The NNC coins I
have looked at I have not purchased, their owners have more confidence
in the labeled grade than I do.

Bruce

*************************************************
ANA R162074
EAC 3606

To email me, remember that RoadRunner
and Coyote do not mix.
*************************************************

One thing that always tripped me up about these
coin grading companies is that they can claim
ms-70++ or "monster frost" or "flawless" but
a seasoned coin collector that's street smart
will always be disappointed if he gets suckered
in on such hype.

I bid on a half dozen auctions that featured coins
that promised the world and It was an unnecessary education for me.

On Fri, 09 Dec 2005 12:23:59 -0500, Fred Arakelian wrote:

Hi, does anyone know if coins graded by sgs,nnc,nts,are worth to bid on
and has anyone bid on some of these coins and found out they were
overgraded,thanks.

IMHO;
Generally you should not buy a slab sight unseen from any vendor. They all
make mistakes, doesn't mean you were meant to also. That being said,
there are of course some companies that are more highly regarded than
others. I am sure if you know enough to ask the above question with
those companies you already know that. When dealers buy slabs w/o seeing
them, they use an entirely different price guide, and for good reason.
To a knowledgeable person, they are safer grading for themselves a raw
coin than to take the word of even the best slabbing company sight
unseen.
In order for this to be true though, you need to be able to
authenticate and grade the coin accurately. Enjoy the learning
experience, perhaps collecting a series in one particular grade.
-- dw

Thanks for the info,I appreciate it very much.

On Fri, 9 Dec 2005 12:23:59 -0500, (Fred Arakelian)
wrote:

Hi, does anyone know if coins graded by sgs,nnc,nts,are worth to bid on
and has anyone bid on some of these coins and found out they were
overgraded,thanks.

If you do a Google search for coin authentication or coin grading
services, you'll find some detailed information about this.

--

Email: (delete "remove this")

Consumer: http://rg.ancients.info/guide
Connoisseur: http://rg.ancients.info/glom
Counterfeit: http://rg.ancients.info/bogos

Reid Goldsborough wrote:

If you do a Google search for coin authentication or coin grading
services, you'll find some detailed information about this.

Too dumb to google up my name to see what I do, but then recommending
google to others? Ironic, dontchya think ya big dummy?