I know a lot of you guys have made a lot of money peddling cleaned and retoned, heck even poorly cleaned and damaged coins, certified as ok by ICCS, to unsuspecting new collectors.
I have a nice collection of these myself, from "highly respected" Canadian dealers :)...although I have to admit, I'm quite certain you guys peddle this stuff only online, or during TCNC auctions, so you dont have to look the buyer in the eye as you are conning them (speaking in general terms of course).
And then you wonder why the Canadian coin market is in the bad shape it's in.
"ICCS has and continues to be of service to the Canadian collector".
You should rephrase that as "continues to be of service to the criminally corrupt Canadian dealer"
It sure does nothing for the collector. Inconsistent grading, certifies damaged coins as ok, poor quality holders, poor service, no website, unreachable by phone, the list goes on...
You're right, it will be a cold day in.... before I send a coin to ICCS. I've already sent hundreds to CCCS, PCGS and even ICG.
I just bought a 1892 50 cent PCGS AU50 beauty on
ebay for $1400. I would NEVER buy an equivalent ICCS coin for that much - the odds that it would be damaged would simply be too high. The risks of buying an ICCS coin without seeing it in hand are extremely high. And I've paid good $$$ to find out.
When I first entered the Canadian coin market 6 months ago, I bought some $1500-$2000 ICCS coins from some well known Canadian dealers.
1 out of 3 came body bagged by PCGS. Cleaned, PVC, environmental damage, you name it, ICCS didn't call it. Neither did the dealers.
Coins looked great, until I took some chemicals to them and quickly realized what had been done...I must say, a lot of effort had been put into hiding the damage in some cases. Nevertheless, in hand, you could tell. And living in the middle of nowhere, I simply dont have the luxury of seeing every coin "in hand" before I buy it. So you guys have a good laugh selling your damaged ICCS warez to guys like me. Brian's great! Look at the garbage I'm able to sell!
Good for you. Enjoy your karma. ICCS will get theirs.
I'd like to hear about the "PCGS and US graders have their own problems". Maybe they overgrade by 5, even 10 points.
But they sure as heck wont sell you a damaged coin labeled as "A OK".