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 Replies: 51 / Views: 7,860 |
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Pillar of the Community
Canada
5324 Posts |
Back in January at the Fun show there was like a 30 to 45 minute lineup at PCGS for their walk through service and on the other side NGC was about the same wait time but some of the other TPG were basically empty, my guest is most Canadians cost at least 100 bucks to have a coin slabbed by PCGD NGC but if ICCS somehow through a sale or partnership offers a hard slab it would be a small gold mine |
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Pillar of the Community
 Canada
665 Posts |
@okiecoiner Quote:
Why do you need someone else's OK?
Personally, I don't need someone else's OK, I prefer unslabbed as the slab is a barrier to the coin, but part of this discussion is oriented around a perceived malaise in the Canadian coin market and the perception that PCGS/NCG have helped the US market retain buoyancy. With the rampant influx of counterfeit coins and fake slabbing, the protections offered by PCGS/NGC while not perfect, are sufficient for most to reliably understand what you are purchasing. ICCS do not provide sufficient physical protection for heavy coins(soft flips)and insufficient fraud protection as there is no online lookup to verify a given serial #. It is just too easy to fake a ICCS slab. I also agree that TPG's should be reserved for top end stuff. I roll my eyes when I see VF or XF slabs for fairly common coins. Clearly there are other factors contributing to the current malaise in the Canadian coin market but TPGs and ICCS are a contributing factor. I have purchased slabbed coins (ICCS & US TPGs) as part of my education in grading and I still have a tough time differentiating between a 63, 64 and 65. Much of the time it appears to be related to how good a day the grader has had... enough coffee or maybe a fight with their spouse before work... I buy what appeals to me. |
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Pillar of the Community
Canada
665 Posts |
@doubleeagle59 Quote:
They have their own private insurance and declare '0' for the value.
That covers loss during shipping but it is a risky practice to send high value items across a border with an incorrect valuation. All you need is a zealous customs agent to open a package to confirm contents and you are in trouble as they could claim an intent to smuggle. Unless PCGS/NGC have explicit agreement with the Canada Border Services Agency, this, while no nefarious practice is intended, could be construed as a fraudulent declaration which can result in item seizure and penalties and fines plus the duties and taxes otherwise due. The question is: do PCGS/NGC have an explicit agreement with CBSA? |
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Pillar of the Community
 Canada
743 Posts |
As much as I have heard the "buy the coin not the holder" I think it does give some a warm and fuzzy to have a high value or rare coin in a PCGS holder with their opinion. If people did not feel this way there would be no business in grading. Same as comic book and hockey card grading companies.
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Bedrock of the Community
13014 Posts |
Quote:Back in January at the Fun show there was like a 30 to 45 minute lineup at PCGS for their walk through service and on the other side NGC was about the same wait time but some of the other TPG were basically empty, my guest is most Canadians cost at least 100 bucks to have a coin slabbed by PCGD NGC but if ICCS somehow through a sale or partnership offers a hard slab it would be a small gold mine It's only 100ish if you do show grading which is a completely different animal where you're either paying for same day service or like 2 day service so yes they do charge more for that unless you have a super high value coin where the show grading would make more sense If you just submitted there to be taken back to their center its no where close to that Edited by basebal21
05/25/2018 01:22 am
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Bedrock of the Community
13014 Posts |
Quote:
As much as I have heard the "buy the coin not the holder" I think it does give some a warm and fuzzy to have a high value or rare coin in a PCGS holder with their opinion. There's a very good reason for that. If you play in the deep end of the numismatic pool the company absolutely matters and the reassurance and certification has a big value. You would pay a lot less for luxury a car from a guy off the street than one that had been looked over and backed up by a dealership you trust, coins are no different. |
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Valued Member
Canada
291 Posts |
 Especially if you are buying it over the internet and getting it shipped to you... Edited by KHatt
05/28/2018 4:52 pm
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Pillar of the Community
Canada
5324 Posts |
As a Canadian, a PCGS coin would cost at least 30 US dollar with shipping and insurance both ways it will come close to 100 bucks a coin, any time I have used a Canadian PCGS dealer, it costs were well over a hundred bucks.
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Bedrock of the Community
13014 Posts |
Quote:
As a Canadian, a PCGS coin would cost at least 30 US dollar with shipping and insurance both ways it will come close to 100 bucks a coin, any time I have used a Canadian PCGS dealer, it costs were well over a hundred bucks. It honestly shouldn't be anywhere close to a 100 bucks a coin even with the currency conversion. It should be like 37 CAD to 53 CAD as long as you aren't using express level or an ultra high value one for the grading without shipping. Even international shipping just shouldn't be adding 40-50 dollars per coin if you're doing a decent sized submission. |
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Pillar of the Community
Canada
2495 Posts |
Quote:
It honestly shouldn't be anywhere close to a 100 bucks a coin even with the currency conversion. It should be like 37 CAD to 53 CAD as long as you aren't using express level or an ultra high value one for the grading without shipping. Even international shipping just shouldn't be adding 40-50 dollars per coin if you're doing a decent sized submission. Still, it's 3x to 5x the cost of getting a coin graded at ICCS. |
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Valued Member
Canada
153 Posts |
HOWEVER... don't forget that NGC & PCGS requires an annual membership fee. You gotta pay to get your foot in the door before you have the privilege of getting it flattened =D
Edited by Wizard1
05/31/2018 12:48 am
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Pillar of the Community
United States
2408 Posts |
I would not buy ICCS. Still not recognized TPG in the US. Sorry. |
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Bedrock of the Community
13014 Posts |
Quote:
. HOWEVER... don't forget that NGC & PCGS requires an annual membership fee. You gotta pay to get your foot in the door before you have the privilege of getting it flattened =D That's honestly not true. If you get the 299 PCGS membership with 8 vouchers and use it at the regular level it saves you money on the first submission. For NGC if you get the 150 you get 150 in credit. So while they may require a "membership" up front right before you submit you don't actually pay for a membership and in the case of PCGS you save money on the first submission. |
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Pillar of the Community
Canada
2495 Posts |
Quote:I would not buy ICCS. Still not recognized TPG in the US. Sorry. I agree. This is the Catch-22 with ICCS. In the US and Internationally, ICCS has no standing at all. But, in Canada, it's Number 1. Go figure. |
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Pillar of the Community
Canada
743 Posts |
I just joined PCGS and tell you the membership fee is well worth it. You get online tracking of where your coin is in the process. Some options they photograph your coin and upload it to your account. The online pop report and registry to boot.
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Replies: 51 / Views: 7,860 |
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Posted 05/24/2018 12:53 pm
