| Author |
Replies: 62 / Views: 16,304 |
|
|
|
|
Pillar of the Community
Canada
1505 Posts |
Double Eagle, I totally and 100% agree with you ABOUT us TPG's. one or 2 are a lot better than others there. It also depends what your objective is for grading. Collecting, or re-selling. However, Canadian TPG's do make mistakes. Out of 75 coins I sent to one back east, 9 were not correctly marked in known varieties.
|
|
Pillar of the Community
 Canada
5402 Posts |
9 out of 75 (12% ) not correctly identified ? Please do enlighten us? Pretty high error rate ? Mark me down as rather skeptical. As to reasons that we get coins graded lets all be honest. Whether collector or dealer submitting coins it is all about the money and when you say it is not all about the money..................IT IS ! Lets face it coins in the right holder get the most value. Way easier to sell a slabbed $500 coin than an unslabbed one.
|
|
Pillar of the Community
Canada
1461 Posts |
I think it's a combination of both. Some collectors collect graded ranges and want their coins certified only for that reason. Also, there are coins that sell better ungraded (on grade speculation) and there are coins that sell better graded. It all depends. As far as the US TPGs, it's always a dilemma. I don't agree on lack of consistency from US TPGs, you can argue that in certain cases some disparity exists between PCGS/NGC and ICCS but I find NGC (I'm an NGC dealer) and PCGS are generally more technically consistent in coin grading than ICCS. One of the reasons is that they eliminate problem coins from numerical grading. Many people will say that Canadian copper is graded far better and more consistently by PCGS vs ICCS. Admittedly the ICCS name is what currently rules the Canadian coin market and coin values are generally determined on those grades. One big difference is that both of the large US TPGs have 3 or 4 graders grading each coin anonymously to arrive at a grade. That's a good thing. As far as the ICCS error rate, that sounds high, however I did have an 1858 FV not attributed correctly this year by ICCS. I also had a previously graded 1948 $1 AU-55 come back AU-50 from ICCS. For the record I've had attribution errors from both PCGS and NGC as well.The biggest problem with CCCS is the absolutely ridiculous turn around times.
Edited by TheCoinHunter 11/06/2014 5:15 pm
|
|
Pillar of the Community
 Canada
5402 Posts |
@ Coin hunter the 48 AU55 coming back as a 50, also happens the other way as well. 1903 AU 58 25 cents resub came back as MS62. I think that sending any coin to any service can get a different grade on a different day. Concur on your CCCS statement. With ICCS depending on what you wish to pay and can negotiate with Brian on a large lot you can get 1 week or 2 or 3 week turnaround times . Just be prepared to pay more than the $6.50 per coin based on a hundred lot.
|
|
Pillar of the Community
Canada
972 Posts |
"9 of 75" variety's came back in-correctly attributed. Could not have been ICCS or you didn't do the following. 1.) Only variety's recognized in Charlton are attributed. 2.) They don't look for variety's unless YOU bring it to there attention. 3.) It comes at a additional cost of $6 per coin and to be paid when submitting. If all of the above were done when submitting then I am sure your coins would have been properly attributed. Always when I have submitted to ICCS any variety's they have been properly attributed or came back with a explanation of why it wasn't attributed.
|
|
Pillar of the Community
 Canada
5402 Posts |
Totally agree wireman. In all the years of dealing with ICCS (thousands of submissions) I can count the issues on one hand not including the thumb. If the poster is referring to ICCS I think he needs to enlighten us. A 12 per cent fail rate is not the best and would be alarming if substantiated.
|
|
Pillar of the Community
Canada
972 Posts |
@Pacific...If it was ICCS then I'm sure the poster submitted his coins to ICCS for grading and didn't know that attributing any variety's is a additional service provided. The $11-$15 fee is for grading the coin only and attributing variety's is not included in this fee. I'm sure if it was ICCS then this is what could have happened. Not all collectors send there coins to ICCS so they can get top dollar for them. I have never sold a single one of my ICCS graded coins. I keep them all and just keep adding to my collection. To me it would be like selling one of the family. 
|
|
Pillar of the Community
 Canada
5402 Posts |
Wireman ........... that's what happened to me I started selling my family and couldn't stop!  ! As to the poster I am sure that he will Not hesitate to let us know!
|
|
Pillar of the Community
Canada
2495 Posts |
Coinhunter....I have always thought that '3 or 4 graders for each coin' at PCGS is pure BS.
They also state that if there is a difference of grade a 'third' or 'fourth' grader is brought in to decide.
Now I ask you...If three or four graders have to agree on the grade of a coin each and every time, then how in blazes could there be such great inconsistency with PCGS grading.
I've sent the same coin to PCGS three separate times (and not just one coin, but many others) and I have never received the same grade back.
I'm not just talking about adjacent grades. Rather an ms62 to an ms64 to a ';cleaning for hairlines'.(how can four independent, skilled graders agree three different times on three totally opposite grades?)
Imagine yourself (which I assume you're a capable grader) and three of your very knowledgeable coin collectors grade a Canadian coin.
You're telling me all four of you are going to grade the coin completely differently 6 months later. Not a chance.
PCGS charges an incredibly high fee for a product I feel is less reliable than the much more affordable ICCS grading.
Granted, the ICCS flip and lack of website has some large issues to deal with, but for pure grading consistency while considering total cost of grading, I feel PCGS (and NGC) are a 'joke'.
Edited by doubleeagle59 11/06/2014 9:01 pm
|
|
Pillar of the Community
Canada
1461 Posts |
@doubleeagle. We're likely not going to agree on grading methodologies between the two and I'll be the first to admit that the Canadian market wants ICCS holders. I also agree that grading errors will occur anywhere but I wouldn't put ICCS in the "king of consistency" in that category. And again, I still prefer the grading methodology applied by the US TPGs. Saying that you have to keep in mind that when I started collecting and subsequently dealing in coins, it was predominantly with foreign and more specifically eastern European coins and as a dealer of those coins, that arena fits my needs and provides good results. One other thing that makes me uncomfortable with ICCS is that you have basically one person grading all the Canadian coins. God forbid something happened, who takes over?
@pacificoin. Agreed, the train travels both ways.
@Wireman. Not all varieties need to be identified (or paid for) to ICCS for them to look for and label. Some examples include, SWL, Arn, All the major 1859 varieties, early, obv varieties, extra water lines, etc...There are also some varieties/errors that ICCS will not label (even on request).
|
|
Valued Member
Canada
180 Posts |
I like both TPG Services (CCCS/ICCS) equally, they have the human factor involved and they have off-days/moments just like everyone else. I like to look for the off-days/moments coins that are under graded and those that miss noting errors/varieties.
|
|
Valued Member
Canada
85 Posts |
Hi everyone I just find out that CCCS grading ms69 sp69 pr69 I didn't see this before since when they start this? My catalog shows ms68 as highest quality
|
|
Forum Kid
Canada
1074 Posts |
i personally like the ICCS company better, and I hope they get a website soon!
|
|
Pillar of the Community
Canada
2495 Posts |
VICoinKid....don't hold your breath waiting for the website as it'll never happen.
|
|
Moderator
 Canada
10460 Posts |
CCCS does have a website, but I find it silly that you cannot find a single picture of a hard slab anywhere on that website. I would think that a potential customer would like to see that...
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
|
Replies: 62 / Views: 16,304 |
|