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Igc Thoughts

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One50's Avatar
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 Posted 03/24/2015  9:02 pm Show Profile   Bookmark this topic Add One50 to your friends list Get a Link to this Message Number of Subscribers
I'm not a huge fan of TPG and slabs.
With that said, I understand the need for them on high value coins.
Now, I am a big fan of OGP.
The Glenna Goodacre Sacagawea dollar was sent to IGC for slabbing. I have an interest in that coin and I really like the idea of it being in the original IGC slab Glenna had them put in. Basically it's OGP without the G...very cool.

So now in my twisted collecting mind, If I spring for the IGC Goodacre Sacagawea dollar, I need the the rest of the the Sacagawea dollars from that series....2000-2008.

Now for the TPG connection.

Since the Goodacre Sacagawea dollar is in an IGC holder, I thought it would be cool to have the whole series in IGC holders. Here's the good...IGC Sacagawea dollars are more bang for the buck vs PCGS and NGC. The bad...IGC tends not to grade moderns as well and are not taken as seriously.

So for kicks, I picked up 2 Sacagawea dollars in IGC holders MS-68 2002 P&D. Got them for super cheap. We'll see if the grading looks good.
I do have an MS70 from NGC and its far from an MS70.
I figure why not try IGC?

Just my thoughts out loud.
I'm not really looking for a response, but feel free to add.


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John1's Avatar
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 Posted 03/25/2015  08:18 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I personally would not even consider an IGC slab. PCGS then NGC and then ANACS. I am sure you got your IGC super cheap cheap for a good reason.
John1
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kanga's Avatar
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 Posted 03/25/2015  08:34 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
IGC?
Never even heard of it.
I assume you don't mean ICG.
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One50's Avatar
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 Posted 03/25/2015  08:59 am  Show Profile   Bookmark this reply Add One50 to your friends list Get a Link to this Reply
Yeah, ICG, I find myself typing faster than my mind can output.
I'm always changing TGP to TPG too.
Sometimes I feel these slabs are "Third Grade Parties".

We'll see how it's graded when it arrives.
I want a nice Sacagawea dollar set, but not at top tier TPG price....hence the attraction to ICG.
If these come through pretty nice, I'll be impressed. We'll see if these look better than I can find in the raw.



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John1's Avatar
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 Posted 03/25/2015  09:27 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
ICG isn't any better IMHO.
John1
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One50's Avatar
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 Posted 03/27/2015  9:13 pm  Show Profile   Bookmark this reply Add One50 to your friends list Get a Link to this Reply
My 2 ICG slabs came in today.
To recap, Sacagawea dollars in ICG holders MS-68 2002 P&D.

I paid $4.95 for each one and $2.00 in shipping, that's $6.00 for a slabbed coin in an high MS condition.

First I have to say, I do like the ICG slab. It stacks nice and feels good in the hand. The curves on the side are a natural fit for when holding the coin. The lack of seeing the edge of the coin is a bummer in this slab.

Now to grading.
If ICG is using the Sheldon scale with no magnification, I would agree and say they can be MS68.
These coins are later strike looking to me too.

Here is MS68 per Sheldon Scale "Coin has a sharp strike with full original luster, with no more than four light scattered contact marks or flaws. No hairlines or scuff marks show."

Again, I would agree with no magnification.
BUT...put this under magnification, 10x is what I use, we drop a few grades.

Here is Sheldons MS65 "Coin shows an attractive high quality of luster and strike for the date and mint. A few small scattered contact marks, or two larger marks may be present, and one or two small patches of hairlines may show under magnification. Noticeable light scuff marks may show on the high points of the design features. Overall quality is above average and overall eye appeal is very pleasing."

With my 10x I see MS64/66ish

Simply my observation, take out of it what you will.
So, after seeing these, I feel I may be able to find better raw and for around the same price.
I would be forgoing the protection of a slab for possibly a grade or 2 higher in raw.
We'll see, it's how I learn.

Maybe I should get these same coins from NGC and PCGS and do a side by side.
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SsuperDdave's Avatar
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 Posted 03/27/2015  9:28 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Man, you've already shown enough photography skill that you should be able to shoot these rather nicely. Don't leave us hanging.
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One50's Avatar
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 Posted 03/27/2015  10:39 pm  Show Profile   Bookmark this reply Add One50 to your friends list Get a Link to this Reply
I knew you would ask, I wouldn't keep you all hanging.

Taking photos through a slab is a whole different ballgame...holy-cow.

Here are the 2 coins.

The D Obv has the most issues.
Above G in God is a hit.
Above 02 is 3 small hits.
Her cheek has no wear, just fine hits.
The high area of the baby carrier has fine hits.
Anything else you see that looks like a hit or weird is the slab.

The P is much nicer.
A hit right on the middle of the cheek.
A light hit on the babies forehead.
NO contact marks what so ever on cheek bones or high points of baby carrier.
Below TR in trust is a black mark, not a scratch.
Anything else you see that looks like a hit or weird is the slab.

There it is.
Fire away

Igc-Thoughts

Igc-Thoughts

Igc-Thoughts
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BStrauss3's Avatar
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4592 Posts
 Posted 03/30/2015  5:29 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Just for the record, ICG stands for I Can't Grade
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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SsuperDdave's Avatar
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 Posted 03/30/2015  6:57 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Reverses aside, I could go 65-66 for the D-P images. The Philadelphia coin is actually pretty nice but the few marks are in prominent locations. I like these guys with Classics but they're lost in space with Moderns. And it doesn't help that many of these issues are Condition Rarities in high MS grades, making it even harder on their rep.
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One50's Avatar
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 Posted 03/31/2015  9:21 pm  Show Profile   Bookmark this reply Add One50 to your friends list Get a Link to this Reply
BStrauss3, that's an awesome acronym.

So why is that low tier TPGs shoot themselves in the foot on certain grading areas.
I'm a novice and I can tell you the 2002 D is a few grades off.
Someone is losing money.
I got this for $6.00 shipped.
$1 for the coin, $1 for shipping and $4 for the slab is my break down.
On the ICG website they charge $12.00 plus shipping for grade and slab, someone lost a bunch of money and ICG loses more footing in the market.
Weird why any company would be self destructive like that...might be a short term gain, but a long term loss for sure.

I'm not out much, no biggy to me. Got what I paid for and I wasn't expecting to much.
I'll do my sacagawea search in the raw I suppose.
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SsuperDdave's Avatar
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 Posted 04/01/2015  4:04 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
ICG is anomalous to me. They're honest, learned numismatists - Randy Campbell and Skip Fazzari don't need to take a back seat to anyone in terms of industry rep - but they're clueless with Moderns.
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BStrauss3's Avatar
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 Posted 04/01/2015  4:14 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
One50 - I think Dave has part of it. No one individual or small group can be great with everything. And there are real differences in what your expectations should be between classic coins and moderns. An MS68 classic is a WOW coin. An MD68 Moderns is a canine. Why? Because the technology has gotten so much better.

But you can't run a business just grading Morgans. Or even say all Seated Liberties... After a while you run out of coins to grade and they don't make more...

The closest seems to be the sticker people who are at least segregating into early copper (not stickers), classics and moderns.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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SsuperDdave's Avatar
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 Posted 04/01/2015  4:43 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
To differ slightly, BStrauss, MS68 is all but unobtainable with most Modern Business Strikes. The huge production volume prevents the softer handling which preserves surfaces. I wouldn't be surprised if most Classic issues show higher percentages of Superb Gems than most Moderns.

A true 68 or better Modern Business Strike (as opposed to "MS" NIFC's) is, in most cases, a solid long-term hold whose scarcity will guarantee added value once the issue becomes "older" in the perception of collectors. I recommend them without hesitation for those taking an investment position in coins - with due diligence to narrow down the truly scarce dates/MM's - and that's coming from someone who doesn't care for Moderns.
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 Posted 05/19/2015  5:04 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
The Glenna Goodacre Sacagawea dollar was sent to IGC for slabbing. I have an interest in that coin and I really like the idea of it being in the original IGC slab Glenna had them put in. Basically it's OGP without the G...very cool.

I started off my Sacagawea dollar collection with the Goodacre dollar. The one I purchased has her autograph and the model's autograph on the ICG holder. I know people prefer PCGS or NGC, but taking it out of an autographed holder would just be wrong in my opinion. I've managed to purchase most of the proof dollars graded PF 69 in NGC holders for about $8 each delivered. I'm looking for the uncirculated ones in MS 67, but I'm just going to find them raw myself and put them in do it yourself holders. From what I've seen, I should be able to find better MS examples in mint sets if I'm selective. Of course the hard one to find is the Cheerios dollar, but I'll get it some day.

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Conder101's Avatar
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 Posted 05/20/2015  12:35 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Now to grading.
If ICG is using the Sheldon scale with no magnification, I would agree and say they can be MS68.
These coins are later strike looking to me too.

Here is MS68 per Sheldon Scale "Coin has a sharp strike with full original luster, with no more than four light scattered contact marks or flaws. No hairlines or scuff marks show."

Again, I would agree with no magnification.
BUT...put this under magnification, 10x is what I use, we drop a few grades.

Here is Sheldons MS65 "Coin shows an attractive high quality of luster and strike for the date and mint. A few small scattered contact marks, or two larger marks may be present, and one or two small patches of hairlines may show under magnification. Noticeable light scuff marks may show on the high points of the design features. Overall quality is above average and overall eye appeal is very pleasing."

With my 10x I see MS64/66ish

As a general rule the TPG's do not use a magnifier when grading. If they do it is usually a 3X to 5X loupe.
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