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 Replies: 24 / Views: 4,179 |
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Pillar of the Community
United States
629 Posts |
I disagree with your post Glenzy that ICCS grades on merit and not eye appeal. I in fact think that ICCS prefers a coin that has a bright finish to it over a toned coin and a toned coin gets a lower grade.
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Pillar of the Community
Canada
504 Posts |
They all makes mistakes even PCGS as I did not think I was allowed to show the scan last week on the diving goose. here is the scan and can a coin move in one of those secure holders?  |
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Pillar of the Community
 Canada
1442 Posts |
Well...I think it was one of you big dealers that ICCS loves, that spilled some acid or dipping solution on the coin,
then sent it to ICCS and said: "Hey Brian...wink wink...I had a little accident...you know what to do"...
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Rest in Peace
United States
9104 Posts |
Yes, a coin can move in those holders.
Decades ago, Q. David Bowers opined that adjustment marks, since they were put there before striking, should have no effect on an otherwise identical coin's value.
OK, I'll buy should, but reality doesn't obey what should be.
Here are two identical coins, one has adjustment marks. 99 out of 100 people will take the unmarked coin at the same, or even higher, price. I don't care how they got there, they're scratches that detract from the coin.
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Bedrock of the Community
United States
10045 Posts |
I have silver coins with very splotchy toning, but on some level I consider them damaged. Normally, when somebody pays for a graded coin, sight unseen, they assume no problems. Particularly if it's a scarce date. The auctioneer failed the buyer here by not providing photos--perhaps the reason is obvious?  |
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Pillar of the Community
Canada
1581 Posts |
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Bedrock of the Community
United States
12437 Posts |
IMO, that coin shows the classic signs of high point damage from PVC residue that was probably removed right before submission. Is there any green left on the coin at all?
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Pillar of the Community
Canada
1442 Posts |
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Valued Member
Canada
372 Posts |
My humble opinion as well.With their numbering system it is almost impossible to know when the coin was graded.Was the coin stored properly after grading?I would also talk to TCNC and explain .I have returned coins to them before for a full credit.They will rather have happy customers.They can sell that coin again to someone that will appreciate it.
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Pillar of the Community
Canada
1472 Posts |
Any seller who might mention PQ or any other positive opinion should also mention negatives.
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Valued Member
Canada
103 Posts |
If I'm reading the auction link correctly, the description was: "1894 50ยข ICCS VG8", with no further details. As well, the coin appeared quite ugly in the auction photos. So, in my opinion, the Auctioneer is not at fault. But, I agree that this is one fugly coin. As an aside, I've been to many auctions in Canada and the US where the auction catalog has gone on and on about how beautiful a certain coin was, yet to my eye it was intolerably ugly due to a large thumb print over the portrait etc. So, it is always prudent to be cautious with a coin that hasn't been seen in hand.
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Pillar of the Community
Canada
1442 Posts |
There was no picture when I bid a few weeks before the auction started.
Whether they sneaked in an online picture a day or two before, I dont know. I dont necessarily blame the auctioneer, although it should have been in the description.
The point also wasn't that you should never buy a coin sight unseen. I get that. Its risky.
The point was that ICCS certified this coin without labeling it damaged, and it is severely damaged.
This makes ICCS less trustworthy than ICG, ANACS, PCGS, NGC, SEGS, PCI, etc...NONE of these TPGs would have certified this coin. NONE.
I guarantee you that CCCS would NOT have certified this coin without mentioning the damage in some form.
I think ICCS is good for $20-$100 coins.
I think if anyone has ICCS coins in their collection that are worth over $300, you should have your head (or coins) examined.
I've cut out over 30 coins OUT of their ICCS holders now, any coin I have over $300...and my business is going to PCGS for the nice higher end grades,
and CCCS for the rare varieties. This way, I get quality hard holders that you can still store in binders (I just bought sheet holders for that),
and I have a quality grading service that either has unbeatable reputation and international recognition (PCGS), or unbeatable reputation and excellent variety attribution (CCCS).
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Pillar of the Community
Canada
1581 Posts |
> I think if anyone has ICCS coins in their collection that are worth over $300, you should have your head (or coins) examined.
Why would it matter until you wanted to sell them? They are worth what they are worth. Sitting in a collection in an ICCS holder doesn't change a darn thing.
And all this is somewhat baffling given the dot-bar.
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Pillar of the Community
Canada
1051 Posts |
Quote:
As an aside, I've been to many auctions in Canada and the US where the auction catalog has gone on and on about how beautiful a certain coin was, yet to my eye it was intolerably ugly due to a large thumb print over the portrait etc. This one drives me nuts! "Beautiful fields and full underlying luster", yet the coin has ugly dark toning largely caused by fingerprint oil all over it. |
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Valued Member
Canada
103 Posts |
@Danlos9551...most of my coins reside in pcgs holders as well. I've been shocked at how many of my previously ICCS-graded coins have ended up graded significantly lower, or bodybagged by pcgs for things that ICCS should have seen. One problem with the "buy the coin, not the holder" statement that alot of people give is the fact that it can be difficult to detect some problems with coins through 2 layers of plastic, sometimes with an oily film in between the 2 layers. So, I feel your pain.
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Replies: 24 / Views: 4,179 |
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First Page
Posted 07/28/2011 10:17 am
