ICCS Grading Issue

jg86 - double check again and if you still see no hairlines then it looks like an ms65 and then I would recommend sending it back in for grading.

So once a coin is graded & returned back to you & it ends up like this situation,
would you be able to contest their grading & have it resent in to be re-graded by them?

I mean the differences in grading are quite significant here & change the value enough to be concerned...

I would think they would re-grade it atleast at a discounted price or to atleast check what they graded it @ in the first place...more so to put the issue to rest because of the big jump in grading...
Hope something gets resolved over this grading issue...

Nickelsguy -

1. I did not simply trust the holder. If the picture of the coin looked like a MS-60, or heck, a VF-20, I wouldn't have made the purchase. The seller also has a very nice collection, and would definitely know whether or not a coin is actually a MS-65.

2. The original owner of this coin kept all of his coins in Whitman albums, and held on to any flips for reference purposes.

3. I don't take ICCS' word for gospel today. I don't take any grading companies word for gospel. I could care less whether or not coins in my collection are in any holder. The reason that they are in holders though is that nothing in my collection is there to stay. I upgrade coins frequently, and I use others as trade bait. Since these coins could all turnover at any given time, it's a lot easier to have them in ICCS flips than to sell/trade them raw. Try convincing someone on ebay, or even in person, that you want $300 for a raw coin that trends for $500 in MS-65, and only $100 in MS-64. The argument becomes a lot easier with the TPG.

re: 1945V's comment: My thoughts exactly. I'm surprised they even got back to you (OP) at all. Your cent shows high signs of lustre that is present only from die striking, to the best of my knowledge. Any signs of cleaning would have left smears or traces of the cleaning tool, but this has all of the (I would assume) original lustre left from striking the coin. Someone at ICCS is on their high horse.

The one and only time I've ever bought a graded coin was for an ICCS gold coin. I scrutizined the crap out of it with a loupe and my best knowledge, never taking what the seller said to be as truth but only to use it as a gauge for my own determination. In the end I agreed with the grade and the seller gave me an okay price on it so I bought it. But I never bought the coin for its holder, it just happened to live in one.

Nicklesguy,
I will say I'm one of the people who cuts EVERY coin out of an ICCS holder or PCGS capsule. I keep the ICCS flips in case anyone is interested, and I think if anyone bought from me in person they would know I wasn't trying to scam them. To me there is no reason to have a coin if you need to view it through two layers of plastic or a layer of hard plastic. I've bought coins MS65 and cut them out right away. I have no problem with graded coins but at the same time I would never sell my coins(from my personal collection) to a person who just trusts the TPG grade assigned to a coin. To me that shows that they don't really care about coin collecting as a hobby but instead as a money maker. If I sell any of my collection, I expect the person to hold the raw coin in hand and for us to both discuss what we think the grade is, and the reasons for our thoughts. I have, however, bought coins online and submitted them to ICCS to sell online, since I knew I got a good deal, and buying online is a little difficult if you can't hold the coin in hand. I'm learning now though that if you have really good pics, the price between graded coins and non graded is pretty much the same.

Thoughts?

Oh dear,Oh My God, Bugger a cleaned coin slipped through the cracks at a tpg
Unscrupulous dealers resubmit coins all the time to get them graded without details on the holder, It's simply a dodgy business practice that some of them do.
My only and best advice is buy the COIN and not the SLABB.

If you are unable to grade effectively and accurately, don't fork out the big Quids on someone else's opinion.
Stick to the lower grades until you have the education and know how, Then go for it

jg I have sent many coins to ICCS that were 100% uncleaned and had them come back as cleaned..... When I questioned him , I got this as an answer.." if you dont like it, go elsewhere " even when I asked tell me why you left that comment,,, He simply ignored me and said its his opinion and thats that.. so you can keep wasting money with him or send it to CCCS ....If it comes back cleaned again from another grader then there is something they see