Not overgraded. Not misgraded. But total out-and-out fake cards that have been created to fool people, and then encapsulated in "AGS" holders (with labels that have a color scheme and design slightly similar to SGC holders). Some of these "cards" look pretty good and you couldn't tell from a scan alone. If you know cards, and have these fakes in person, you can tell, but it is also easy to see how someone could be fooled. The fakes of the modern "cards" seem thinner than real cards by the way, but when cards are in holders, of course, you can't feel the thickness of the card.
We tried to locate "Authentic Grading Services Inc" and were unsuccessful. Every single "AGS" card we have seen (thirty cards, reprints representing cards from the 1910 era all the way up to the 1970s) were total fakes. If the cards we were sent were real, they would have been worth hundreds of thousands of dollars. Law enforcement is very aware of the issue. The cards sent to us are or will be destroyed but there are obviously others. We'd like to know who is making these fakes. If you have any information, please contact us so that we can provide the information to the proper authorities or put you in contact directly.
Sincerely,
Robert Lifson
Robert Edward Auctions LLC
www.RobertEdwardAuctions.com