Let's start breaking them down

ALL RIGHT,

If you read my previous posts you'll see that I have issues with MOST of the coin grading services.
My new favorite is Star Grading Service (SGS). TOTAL GARBAGE!!!!

I've been selling a lot on Overstock.com as of late. Noticed a seller by the name of abon (whom I believe is also on ebay) selling a ton of coins graded by SGS. What caught my eye was the volume of MS67 graded Morgan Dollars. This is a lofty grade even on common dates. I just looked up a 1921-S MS66 SGS slab being sold by abon that "has an estimated market value of $7850 to $8375 oi MS66 (Sources include Redbook, Greysheet, Coin Values etc.)"
This coin was listed by abon out of Mansfield, Ohio while SGS is based in Bellville, Ohio. One heck of a coincidence but let's just call it that.
Now the starting bid on this coin was 99 cents. So let's assume the coin is worth only $5000 and not the stated $7850 to $8375. Unless you are the biggest moron this planet has ever seen wouldn't you be selling that coin for a LOT more. To hell with the 99 cent starting bid. I want five grand if it's legit.

Oh, if it's legit now doesn't that make you wonder? This is just one example but when I originally saw all of these SGS coins I went to the source.

Type Star Gradind Service into a Google search and see what pops up. The third one down mentions the word fraud. I decided to go directly to their web site first and ask some quesions.

To make a long story short I inquired about currency grading (a new feature) and why they slab so many MS67 Morgans. I asked them if there was a chunk of the Binion hoard that no one else knew about.
To my surprise I got a reponse it was the following:

"Hi,
I am Muslim and I say unto you I hope your CAMEL runs out of water!"

Okay, but you still haven't answered my questions. No offense to anyone that may read this but does the Koran have a section on coin grading? Especially on coins from a country that didn't exist when it was written?

Hmmmm, smoke that Camel and think about it.

This is the tip of the iceberg folks. Looking for feeback and welcome it!

clembo