" Caveat Emptor " - Buyer Beware :(

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cameron93 Valued Member Canada 190 Posts	Posted 04/09/2013 11:04 pm " CAVEAT EMPTOR " - Buyer Beware :( Anyone who's been around this hobby / business for a while will recommend that you " Buy the coin, not the package... " If you don't know this already, you should... I suggest that anyone buying a coin in ICCS slip critically examine it just the same as you would a raw coin... don't take it for granted that the grade printed on the slip is to be accepted without question... Just because a coin is "in" an ICCS slip does not necessarily mean it is the same coin that once-upon-a-time went to ICCS for grading... There are unfortunately far too many ICCS look-alike slips floating around out there... it's very simple to take the printed card out of an ICCS slip, then use that genuine MS++ card with an inferior coin, seal it in another plastic pouch, and then seal it into another slip... There's no special sealing process or marker to the creation of the slips that is unique to ICCS only... and there's nothing at all special about the makeup of either the outer plastic slip or inner plastic pouch to distinguish them as genuine... they are pretty generic to either find similar product or replicate. cameron93 Report this Post to the Staff

doubleeagle59 Pillar of the Community Canada 2495 Posts	Posted 04/09/2013 11:33 pm True, one has to know their coin grading and not rely on the grade on the package. And there was a coin dealer (who still is in operation) that was guilty of tampering with the ICCS holder many years ago. But I don't believe there's a lot of 'switched' ICCS coins and holders out there. My reason is simple... ICCS's grading has been relatively consistent and accurate over the years and if someone was to flood the market with MS60 coins in ICCS ms63 holders then it wouldn't take very long for that party to be found out. An overabundance of overgraded fraudulent ICCS flips could be traced back to the owner (by virtue of the cert #) and then the law would take care of the guilty party. I'll admit that if it happens once or twice in amongst thousands of good ICCS coins, then perhaops it could go unnoticed. But then again, there's even honest ICCS errors out there where the ICCS graders have made a small mistake, (one grade off) so it really doesn't make a difference anyways. It's the ones that are switched and off by 3 to 5 grades that would stand out like a sore thumb and that's why I believe they would be spotted and identified right away. And since there are no coins out there like this, that's why I believe switched ICCS coins is not an issue we currently have on our hands. Edited by doubleeagle59 04/09/2013 11:35 pm Report this Post to the Staff
yellowperch Valued Member Canada 121 Posts	Posted 04/10/2013 12:11 am Have you had an experience where you think someone pulled a coin switch? Report this Post to the Staff
doubleeagle59 Pillar of the Community Canada 2495 Posts	Posted 04/10/2013 08:16 am I have looked at hundreds, perhaps thousands of ICCS graded coins over a span of 20 years and I can say with all honesty that I have never thought a coin has been tampered with in its ICCS holder. On the other hand, many times I have disagreed with ICCS's grade but this has only been by one grade (either up or down)and this of course is very normal as I am not ICCS and I have my own way of grading which of course would not match ICCS's way of grading. Report this Post to the Staff
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