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Do USA Collectors Place High Value In ICCS As A TPG?

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Valued Member

Canada
495 Posts
 Posted 02/11/2015  09:56 am Show Profile   Bookmark this topic Add macdon to your friends list Get a Link to this Message Number of Subscribers
I see so many Canadian coins in NGC or PCG holders it makes ya wonder why so many flock to the USA for grading of Canadian coins is this from USA collectors mainly or is it a slight to ICCS as a grader ?
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jdmern's Avatar
United States
1949 Posts
 Posted 02/11/2015  10:17 am  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
As a U.S. collector, I think I can provide a valid explanation, although many collectors of Canadian coins in Canada will disagree with me...

I prefer PCGS (followed by NGC, followed by ANACS) over ICCS for the following reasons:

1. Hard slabs
2. Shipping rates domestic vs. international
3. Online tools/presence
4. Net grading of coins that would be considered 'details' by PCGS/NGC... When I first started sending coins to PCGS, I got butchered on coins that were previously in ICCS plastic, many coming back as 'cleaned'
5. ICCS's 'technical' grading on UNC pieces vs. incorporating eye appeal
6. Severe penalization of Brown on copper/bronze pieces (see recent thread)
7. Far too loose on Red designation on copper/bronze pieces... I believe for PCGS and NGC it is 95% red to qualify as red, while (correct me if I'm wrong), it is 80% for ICCS
8. Greater acceptance to worldwide market, as well as greater acceptance in the U.S. market

Now, I can also see the other side of the coin for some collectors:

1. If you are dealing to the Canadian market, clearly, ICCS is the standard. You couldn't imagine the amount of the messages I get through ebay from Canadian buyers who are either lecturing me as though PCGS is a basement slab, or offering 30-40% of value on PCGS graded coins because 'They overgrade compared to Canadian standards)
2. If you are variety collector, the U.S. firms only recognize a fraction of the varieties that ICCS does.
3. Price

I am well aware of the prevailing opinion against this point of view from my friends up North, and from everything I've heard, the guys at ICCS are great, but as an American collector, getting ICCS grading does not make sense for me

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Celticsoul's Avatar
United States
1566 Posts
 Posted 02/11/2015  11:11 am  Show Profile   Bookmark this reply Add Celticsoul to your friends list Get a Link to this Reply
Who?
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kanga's Avatar
United States
5825 Posts
 Posted 02/11/2015  11:32 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
US collectors of Canadian coins mostly use NGC/PCGS, particularly if they are going to list for US buyers.
ICCS uses a different (and tougher) grading standard than NGC/PCGS.
ICCS graded coins will be about ½ to 1 grade LOWER than the same coin graded by NGC/PCGS.

Would you rather list a TPG graded coin XF-40 or VF-30 even though it's the same coin?

And the hard sealed slab gives more of a secure feeling vs. a stapled flip.
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Nickel Guy's Avatar
United States
604 Posts
 Posted 02/11/2015  12:40 pm  Show Profile   Bookmark this reply Add Nickel Guy to your friends list Get a Link to this Reply
Most Americans prefer PCGS or NGC as the top two choices.

I'm in the middle.
I prefer PCGS for my more expensive purchases in general.
However, I like using NGC for my MS graded coins.

Odd? A little.
Maybe it's just me, but it seems that NGC puts more emphasis on eye appeal when it comes to MS coins than PCGS.

To each his own.
Edited by Nickel Guy
02/11/2015 12:42 pm
Valued Member
Canada
495 Posts
 Posted 02/11/2015  3:07 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
Thanks for input - it makes sense what you saying.
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 02/11/2015  9:50 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
I'll buy Canadian in ICCS plastic no problem.
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fjrosetti's Avatar
United States
75 Posts
 Posted 02/11/2015  11:31 pm  Show Profile   Bookmark this reply Add fjrosetti to your friends list Get a Link to this Reply
I prefer ICCS holders to either PCGS or NGC due to much stricter grading. The American brands have slipped dramatically over the last decade or so. I am appalled at some of the coins I've seen recently labeled MS65 in PCGS and NGC holders. Not a problem with ICCS holders; the quality of grading is still top-drawer.
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