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 Replies: 31 / Views: 3,375 |
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Pillar of the Community
United States
6394 Posts |
I also see the dull gray cheek as a possible wear point. However, the fields seem to be free of significant friction. I wouldn't be surprised if it makes an MS grade, in which case the so-so luster, various marks, and the hit on the date should limit the grade to 62.
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Valued Member
 United States
160 Posts |
ICG graded this one AU-58. This one is tough. There might be just a touch of wear on the hair and breast and enough little chatter spots to call it AU. The luster is much better in hand. I may crack it out and submit it to PCGS or NGC. Even if it comes back as an AU-58 again, I should still get my grading fee back due to the premium over an ICG holder and then I may get lucky and get an MS grade.
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Moderator
 United States
23522 Posts |
I don't see a thing wrong with your reasoning.  |
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Valued Member
United States
265 Posts |
this post is not necessarily regarding your morgan but rather the inconsistencies I have found about what some of the other posters have said about ICG. This thread is an example as well as several others which are similar which I have read over the past several weeks. Personally I like ICG. I believe that they are quite consistent, conservative, and most technically correct. However I read from other posters that ICG stand for "I Can't grade " or other similar sayings. The point I am getting to is that, now I have seen posters send coins in to ICG or ANACS, for that matter whom I also like very much, not getting the grade you are expecting and now sending them to PCGS or NGC in the hopes of getting a better grade. So which would you really trust? Personally I would want the appropriate, technical grade for the coin. Also when I see the online Heritage auctions or stacks and bowers auction , I don't find lot of difference in premium coins as the educated collector will but the coin and not the slab. As a point of fact I was intrigued more recently back in February when the caretakers for the famous 1804 Parmelee/Reed dollar chose ICG amongst all others to authenticate and officially grade it. I don't believe that there would be a lower premium on that coin because it was in an ICG holder
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Moderator
United States
23522 Posts |
What you're seeing, dom, is that ICG is pretty competent with Classics and useless with Moderns. That explains varying opinions from folks depending on what they collect and therefore see in ICG slabs.
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Valued Member
United States
265 Posts |
I understand those concerns about moderns, although admittedly I don't understand it. I also know it is profoundly subjective. I appreciate coin community as it has enhanced my education and perspectives on the hobby itself as well as my own coin interests. There is no doubt in reality PCGS and NGC lead the show but are they the be all and all.....NO. I believe newcomers to the hobby are goaded into looking at that slab as opposed to the beauty of the coin, if you are primarily interested in the hobby and not the investment.
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Pillar of the Community
United States
4469 Posts |
Dom,
In theory I agree with your argument about the quality of grading at ANACS and ICG and a high end coin in their holders will sell for a reasonable amount. For me the bottom line is that the ANACS and ICG coins as a general rule do sell for less money and the coins are harder to resell as opposed to NGC and PCGS. I agree with the OP on cracking out the AU58 (I understand that there is always risks in crack outs) in a ICG holder and putting in a NGC or PCGS holder as the coin will have more value and he gets the upside of the possibility of getting a higher grade. Have you tried to sell coins in a ICG holder?
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Valued Member
United States
265 Posts |
Actually I have. I have sold many of my doubles on ebay but I am not a dealer. I love my classics, have holders from pcgs, ngc,anacs, old holders and new holders. Frankly I find no difference in the TPG but rather I find that the old green PCGS holder, the old fat NGC holder and the old small white ANACS holder get the higher premium. Actually the "worst" selling holder in my little experience is the new generation yellow ANACS holder |
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Rest in Peace
United States
10625 Posts |
There is nothing attractive about the current generation ANACS holder. The only positive is the holder is very easy to pry open. It's like they designed it with that in mind.
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Valued Member
United States
403 Posts |
I do not see the point in sending coins to IGC or ANACS when PCGS and NGC slabs are far more respected and hold their value relative to the assigned grade far better. Who cares if IGC is accurate when grading when an IGC-graded coin brings 15-20% less than a PCGS-graded equivalent? Part of my mantra as a collector is to maximize the value of my coins for potential resale. I do not have too many years left on this earth, and I would like my wife and/or kids to be able to maximize their return on my lifelong investment.
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Moderator
United States
23522 Posts |
I can't argue anyone sticking to a TPG which provides the best resale, especially when value for heirs is in the picture. PCGS still mostly enjoys a marketplace premium, even though their new work hasn't deserved it for years. |
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Valued Member
United States
265 Posts |
Thank you Dave, exactly my point
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Pillar of the Community
United States
4932 Posts |
Is it too late to mention there's a gash in the date area?
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Pillar of the Community
United States
4989 Posts |
Either AU-58 or MS-62 seems reasonable depending on one's opinion on whether we're looking at wear or strike weakness
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Bedrock of the Community
United States
12057 Posts |
I saw it too, CHD, and mentioned it in my earlier post.
I use PCGS and NGC -- not because I think they are the best or most accurate graders -- but because I'm going to pass away one of these days and whoever inherits my collection might wish to sell it (although I certainly pray not.), and in such a case, I want whomever that may be to have the best results when it comes across the block at Heritage or wherever. There's an additional insurance benefit as well in terms of valuation.
I have seen plenty of hits and misses from ICG, ANACS, PCGS, NGC, and SEGS to know that each one has some they call right and some that don't even get close. If ANACS and ICG could spend the marketing dollars of PCGS or NGC, and had the advertising savvy that the "Big Two" do, they'd catch up in perceived price difference really quick. (How much of the value of a PCGS holder is simply because Joe Average, the novice/super-casual collector, has actually heard of them vs. the others?)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Posted 08/20/2015 02:25 am
