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CCCS, ICCS, Or PCGS Pro And Cons Of Each Grading Services For First Time

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Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 08/20/2017  10:21 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
People vote on this subject, as I do, with their dollars.

The vast majority of quality coins sold are encapsulated. Heritage, Great Collections, Stacks-Bowers, David Lawrence, and the list goes on - sell TPG coins, almost exclusively.

They sell millions of dollars worth of coins every month.

Do you really think those whales are doing anything that might reduce their sales and profits?

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/20/2017  10:38 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Do you really think those whales are doing anything that might reduce their sales and profits?


Of course not, which cleanly illustrates the absolute need for the TPG system.

That said, I personally view that system with contempt, an Easy Button facilitating lazy collectors who want their lunch for free and are unwilling to exert the slightest effort to, you know, learn something about their coins. If you're gonna collect coins, you're gonna learn to grade. That should be axiomatic.

However, the majority of the underpinning for coin values - and high coin values benefit all of us, buyers and sellers alike, when you think about it - rests upon the shoulders of folks whose purpose for collecting vitally factors resale value above other considerations.

If there weren't a plurality of such folks involved in collecting, where would we dump our dogs in slabs?

So, yeah, let the TPG system continue. I own one single coin for which the slab played an important factor in the purchase, since it is Top Pop for the color and CAC'd (it's copper, and worthy of the given grade), but it's the only coin I've ever bought with that in mind. I don't like the system, but here it is and one might as well leverage it in their favor.
Pillar of the Community
Canada
1461 Posts
 Posted 08/20/2017  1:10 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
Maybe I share a slightly different take on grading, possibly because I buy and sell coins every day and sell mostly online. I don't look at grading as a definitive value of a particular coin but more so as a value base. Many coins of the same grade sell at significant differences from each other based on eye appeal. It's not to say that collectors shouldn't learn how to grade coins and more importantly know what they are buying, but I think in this day and age of dealing with coins through a picture and often at a significant distance, grading does offer at least some idea of base values. Selling raw high value coins from a picture almost always works against the seller (with some exceptions) (says the dealer). It's one reason why you have a barrage of dealers and collectors scouring ebay for raw coins and unidentified varieties. The other factor that is of great benefit to have mid to high value coins in TPG holders is counterfeit protection. And although this process failed in the case of the ICCS graded 1891 Cent discussed here, I think its a valuable service to the average collector who choses to collect more valuable coins as most collectors would have a very difficult time identifying some very good modern counterfeits. ICCS does not financially stand buy their authenticity assessment but the US TPGs do.
Edited by TheCoinHunter
08/20/2017 1:12 pm
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 08/20/2017  2:37 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Given the original title and intent of this thread, especially from a Canadian collector, we have strayed off on a pretty good tangent...

I have moved this thread to a sub-forum where it is more at home...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/20/2017  4:24 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
/raises hand

I helped derail this one.
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TheBurnz's Avatar
Canada
586 Posts
 Posted 08/24/2017  09:17 am  Show Profile   Bookmark this reply Add TheBurnz to your friends list Get a Link to this Reply
I think grading is essential and a must when your ready to sell. Its no secret that selling can be a challenge to get what you believe is a good price. When selling a non graded coin, it is subjected to buyers evaluation. You my believe a coin is in MS condition but the potential buyer thinks is AU. This can be a huge discrepancy in value.

Where if the coin is graded by a reputable third party the negotiations will always hoover around the suggested book value of a coin in that graded condition. Thus negating the buyers leverage and challenging your grading experience.

A non graded coin in my opinion, is an opportunity for a buyer to negotiate great price on a desired piece.



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basebal21's Avatar
13014 Posts
 Posted 08/24/2017  12:22 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

A non graded coin in my opinion, is an opportunity for a buyer to negotiate great price on a desired piece.


And a better opportunity for someone to take a buyer to the cleaners
New Member
United States
16 Posts
 Posted 02/24/2020  3:17 pm  Show Profile   Bookmark this reply Add flb0311 to your friends list Get a Link to this Reply
Moxking, thank you for answering my questions before I asked them
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