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1901 Canadian Large Cent - You Vs. ICCS

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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 10/11/2012  12:46 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
1901-Canadian-Large-Cent---You-Vs.-ICCS
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JeyRey2000's Avatar
Canada
743 Posts
 Posted 10/11/2012  1:06 pm  Show Profile   Bookmark this reply Add JeyRey2000 to your friends list Get a Link to this Reply
I would like to know what was meant by "it depends on who submits the coin" I submitted coins for the first time a couple months ago and actually was pretty satisfied with the grading. Some coins that I thought were UNC were given AU55 - not bad. Another coin which I thought would be AU came back MS63. The biggest different in the coins was luster. The 2 that were given AU55 were rainbow toned and no sings of luster. The other coin given MS63 has some nice red brown luster. I think ICCS pays to much attention to Luster and not enough to Strike! Just my opinion, also based on some ICCS graded coins.
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LaureateBust's Avatar
Canada
331 Posts
 Posted 10/11/2012  1:31 pm  Show Profile   Bookmark this reply Add LaureateBust to your friends list Get a Link to this Reply
So ICCS says it's MS. Let's pretend we agree with that much. Does this mean they felt it had MS-62/63 details and the tiny corrosion/pvc/carbon damage lowered the grade to 60? Or maybe it should be MS-60 with comment(s)?

What if this were a more extreme example, like a coin graded MS-65 with some horrendous flaw. Assuming it's even still gradable, does it make more sense for it to be MS-65 with comment "Horrible Damage" or AU-50 even though it's clearly otherwise uncirculated? Just thinking out loud. Maybe there's no single right answer.
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Canada
389 Posts
 Posted 10/11/2012  1:35 pm  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
as everybody knows, buy the coin not the grade, its a great hobby don't base coin collecting on TPG

As my self I'd rather buy a collection from a bunch of old people than one coin that is graded haha
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United States
1353 Posts
 Posted 10/11/2012  2:27 pm  Show Profile   Bookmark this reply Add bosox to your friends list Get a Link to this Reply
I have seen many cases when a coin is mint state, but kind of fugly, that ICCS gravitates towards an MS-60 grade. That is why I guessed that. I think PCGS would have graded this one "Genuine - Environmental Damage".
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LaureateBust's Avatar
Canada
331 Posts
 Posted 10/11/2012  2:37 pm  Show Profile   Bookmark this reply Add LaureateBust to your friends list Get a Link to this Reply

Quote:
I have seen many cases when a coin is mint state, but kind of fugly, that ICCS gravitates towards an MS-60 grade.


Aah. That is kind of what I was imagining - that MS-60 becomes a catch-all (to a certain point) of mint state coins with problems. Thanks bosox.
Edited by LaureateBust
10/11/2012 2:38 pm
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