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 Replies: 24 / Views: 3,983 |
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Pillar of the Community
 Canada
586 Posts |
Awesome information. Thanks for the help and words of wisdom.
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Valued Member
United States
338 Posts |
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Pillar of the Community
United States
2408 Posts |
As a US buyer, one major ding for me is ICCS... ICCS isn't recognized as a valid grading company on eBay/US. I'd pass.
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Pillar of the Community
Canada
586 Posts |
Good to know canada coins.. Thanks
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Pillar of the Community
 Canada
1781 Posts |
canadian_coins- why is this the case with ICCS? I thought they were the standard up here.  Can some one clear this up? Or is it just politics? "We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
1461 Posts |
Whether you like it or not (and many of us are in the NOT category for numerous reasons), ICCS is still the grading standard for Canadian coins. Personally I would have no objections if either PCGS or NGC setup in Canada and make their grading price competitive. And BTW although ICCS is not recognized on ebay.com, it is recognized on ebay.ca (as is CCCS). I agree with SPP. The above coins are market value prices. I would say even high for the 53. It's an overpriced coin to begin with at those grades. Edited by TheCoinHunter
09/02/2017 11:11 am
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Pillar of the Community
Canada
5324 Posts |
Almost sure ebay allows ICCS coins on the Canadian side, but generally the most expensive coins are in PCGS or NGC holders |
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Pillar of the Community
Canada
1781 Posts |
So I am still confused. But that's another thread (can of worms). I hope you like your coins. Have a good long weekend everyone.  "We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
586 Posts |
Yup, Its a whole other topic but one to be discussed forever. PSGS and NGC (I think) are big name companies that will stand the test of time (until coin collecting is a industry at least). They are corporations with employees and structure. ICCS is a one man show, at least from what I hear. Once he is no longer around, I'm not sure ICCS coins will continue to recognized.
For now, I think its all about appeal. Some like there coffee black (ICCS), some like it with sugar and cream(PCGS/NGC). Its up to the buyer. Although I get that most people like sugar in their coffee(PCGS), so if I am buying a coffee for a friend and I had to choose. I would get coffee with sugar (higher chance he'll drink it).
Edited by TheBurnz
09/02/2017 3:14 pm
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Pillar of the Community
Canada
2781 Posts |
Quote:
Also, I'm not sure how grading works with damages. I mean this with all due respect, but you might want to gain a little more knowledge before impulse buying $300 coins, otherwise you will end up with a very expensive education. As others have stated, unless a rare date - a problem coin will always be a problem coin - and a lot tougher to sell (more so if you expect a profit). When buying online you are competing with many many other collectors and will pay market value - period. Hard to turn a dime unless you snag an early buy-it-now where the seller listed below market value price (rarely happens). Considering listing/final value fees you will have to buy at around 40% less than market value in order to make anything when you resell. Collect because you like what you are buying. If you expect this "hobby" to make you a profit you will likely be a lot sadder and poorer (but hopefully wiser) at the end of it all. Stick around here, read, ask questions, and learn from other's mistakes (we've all made the same ones over and over). Cheers, |
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Pillar of the Community
Canada
1442 Posts |
Agree with SPP...the prices you paid are market or even slightly above market...
dings, bending and holes reduce coin prices the most...
these coins will be difficult to impossible to resell
it's only worthwhile to buy a scarce variety that has such damage...not a regular date
Edited by canadian-varieties
09/03/2017 4:03 pm
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Pillar of the Community
Canada
2984 Posts |
Quote:
They are both marked cleaned or scratches. Does that hurt the value that much. They certainly do. That is the reason you got them for such a low price. Impaired coins are always discounted heavily and that is what happened in this case. I would never buy an impaired coin unless to fill in a missing spot in my collection. And I would upgrade to a better one if I can. Quote:
I recently bought these to coins and I think I got a screaming good deal. My goal is to re-sale for a small profit. It's not a good deal when you re-sell them since the coins are already at market or above market prices. To get rid of them you have give additional discounts, not to mention fees. You probably will lose money on them. Of course, you can keep and enjoy them. Edited by MoneyPenney
09/03/2017 5:22 pm
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Pillar of the Community
Canada
586 Posts |
Yup, thanks again guys. In this case I wasn't sure on the grading system. The auction house had an estimate of $700-$800 on the item. So when I bid the amount I did, I thought I was getting a deal.
I'll end up keeping the coins as a reminder to pass on damaged or cleaned coins, unless I plan on hording them.
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Pillar of the Community
Canada
5324 Posts |
This is one of the gripes about ICCS grading format they grade problem coins with a numeric grade and thus add to confusion while PCGS would only say Detail and NGC has a term, can't recall but no numeric grade, when you see a coin in their slab without a number it's a problem coin. One last advice never hoard problem coins, get rid of these as fast as you can
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Pillar of the Community
Canada
1505 Posts |
Quote:
while PCGS would only say Detail and NGC has a term NGC/PCGS will give you a term like AU-Details, while it is not a specific number it puts it in the range of where they think it is. Personally I don't see much difference between either of the practices in terms of "Details" coins. Edited by purelywasted
09/05/2017 2:19 pm
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Posted 08/31/2017 5:09 pm
