Oppinions Please

I couldn't agree more with SUPERDAVE. ICG graded coins sell for far less than NCG or PCGS. Right now there is a flood of the 2006 ASE being sent to TPG and being sold on ebay and other places. If you were to wait until the frenzy subsides, the price is likely to drop.

The deal is an auction item. I'll see if I can back out though. Thanks to all for the words of wisdom. I'll let you know how it turns out.

cuedude

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Originally posted by amac44

ICG coin encapsulation we grade anything PR&MS-70 all the time

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Not true. You must be thinking of SGS.

quote:

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Originally posted by SuperDave

I believe that you are making a horrible mistake to even consider buying this set. Pricing is at the frenzy point right now, utterly unrealistic considering production volume, and the sheer number of PF70's being graded by the reputable TPG's. NGC has graded almost 16,000 2006 ASE's in PR70. Is this a rarity worth $1600 for a 3-coin set? I don't think so, especially when you can get the mint-packaged, unslabbed set for under $250 all day. I cannot imagine this price holding up in the future.

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I agree with SuperDave and I hope you and the seller can come to an agreement that will allow you to be released from the purchase contract.
Good Luck and keep us posted.

There is no "putting up with" this situation. This is why this forum exists - so that people can get opinions and help and share their knowledge and experiences.

I'm glad that you got a price reduction. By the way, ICG is considered to be the 4th most respected TPG. While I have seen a number of modern coins that have been slightly overgraded by them, I have also seen a number that were very accurate. At this time, it is true that ICG does not hold value as well as PCGS, NGC, or ANACS, but that may change over time. With the changes that have taken place at ANACS, ICG may just move up in the ranks. It's worth watching...

ICG is very very lax on moderns and it seems they have an abundance of 70's coming from there that would never make a 68 at the big 3 so ICG is definately not advised for modern coins

I have no intent of demeaning ICG; they have their quirks, just like NHC and PCGS, but there's no question that they are doing their level best to provide quality, honest service.

The important point is, in this day and age, PF/MS70 is no longer the Holy Grail that it once was. Indeed, it's a realistic goal for US Proof mintages. Technology and procedure have combined to create a product which is as technically superior as any coinage has ever been. PF69 is almost a consolation grade these days, and I know very few people who will admit even owning PF67-68 ASE'S of recent mintage.

Of course, I still think NGC hands out 70's like Halloween candy, but that's another thread entirely.

Edit: By the way, cuedude, are you a pool shooter or is your nick significant for another reason?