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ICCS Vs CCCS Thoughts About The Future

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XWLCoins's Avatar
Canada
320 Posts
 Posted 07/10/2016  12:11 am Show Profile   Bookmark this topic Add XWLCoins to your friends list Get a Link to this Message Number of Subscribers
So I exclusively use ICCS for slabbing... but I really only do that because they are the most popular. ICCS certs seem to bring a higher price in the end. There is many faults to using ICCS such as not having hard slabs, not Slabbing errors, not recognizing popular varieties.

Both companies do a great job with grading. They are very knowledgeable, great prices and very consistent.

But CCCS does the things ICCS does not do (mentioned above)

Does anyone foresee a rise in popularity of CCCS in the future?

I would like make the switch to exclusively use CCCS but as a dealer, I'm wondering if this is advisable.

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XWLCoins's Avatar
Canada
320 Posts
 Posted 07/10/2016  12:17 am  Show Profile   Bookmark this reply Add XWLCoins to your friends list Get a Link to this Reply
If you go on ebay to "coins:Canada;all Canadian coins" and type ICCS you get 9400 items. If you type CCCS you get 229. Big difference there and seems to just be popularity. I realistically don't see why CCCS is so unpopular.
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GregJG's Avatar
Canada
257 Posts
 Posted 07/10/2016  12:31 am  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
I think it all comes down to reputation.
I'm just saying CCCS is less visible in the marketplace compared to ICCS.
That gives the perceived impression that ICCS is higher quality.

Grading consistency and holder type aside I think it's just about perception and popularity.

As to your question I think CCCS will not gain much popularity in the future due to its niche market.
Many people prefer to get PCGS or NGC holders if they are going the hard slab /higher price point route
Edited by GregJG
07/10/2016 12:35 am
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GregJG's Avatar
Canada
257 Posts
 Posted 07/10/2016  12:32 am  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
Personally I would like to get some coins graded by CCCS, but feel they won't sell as well as other TPG's

But if I wanted a lesser known rare variety (or error) graded, CCCS is by far the first choice by the coin community
Edited by GregJG
07/10/2016 12:33 am
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trimble's Avatar
Canada
299 Posts
 Posted 07/10/2016  02:05 am  Show Profile   Bookmark this reply Add trimble to your friends list Get a Link to this Reply
Any NCLT coins I get (and when I can afford it :) go to CCCS for hard slabbing. I'm not really worried about resale value vs. PCGS or NGC or grade...just want to get them out of the RCM or whatever packaging into something smaller and more easily handled/stored. I'm not sure how much it costs to get PCGS to hard slab but I think CCCS is quite reasonable with his prices. I'm not into registry sets though and that probably matters.

Any decimal coins go to ICCS.
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Canada
5585 Posts
 Posted 07/10/2016  05:44 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
ICCS has been around a lot longer than CCCS .. that's part of the popularity. CCCS, because it DOES certify little-known varieties and errors, makes mistakes by putting whatever the owner wants on the slab. You end up with new names/descriptions for varieties that have been known a long time... if it's round, metal and has a design on it, they will certify it. CCCS is also not well liked by some dealers because of some early-on decisions while getting established.
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XWLCoins's Avatar
Canada
320 Posts
 Posted 07/10/2016  10:52 am  Show Profile   Bookmark this reply Add XWLCoins to your friends list Get a Link to this Reply
PCGS is alot more expensive than ICCS/CCCS.
For $800 I can cert 100 coins for the Canadian TPGs. For PCGS I can do about 30 coins...
Plus ICCS/CCCS are Canadian companies. If I'm going to spend $800 on certification, I'd rather see it go to a Canadian business.
I don't see PCGS as an option.

When we talk about the future of Canadian TPGs, what are we going to see out of ICCS. Brian isn't getting any younger lol. When he retires, and a new person fills his seat, will they still hold the same reputation and popularity?
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Wade's Avatar
Canada
2781 Posts
 Posted 07/10/2016  11:39 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
If the next gen of ICCS provides an online presence it could only help. While I'm not a huge fan of the soft holders I think it would be a mistake to change them - its very well recognized. Unless a hard slab option used the same id card.

For some reason I cant put my finger on, the cccs label doesn't come across as high end (almost basement slabber'ish ) an upgrade might push them over the top.
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Canada
495 Posts
 Posted 07/10/2016  4:25 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
I am not actively on the hunt anymore for coins and slowly in process of selling off what I have remaining but it really does matter as a buyer/collector to me who the TPG was when making purchases and I get same reaction from a few dealers and private buyers that are buying from me. ICCS graded coins are what Canadians want and the PCGS/NGC coins are for the USA market, simple logic. I think ICCS will eventually have to get into the real world with a website and hard slabs to survive and that is a market driven thing by the tech savvy collectors who demand this type of service. I think if NGC or PCGS ever set up shop here in Canada ICCS will have a hard reality check and age is another factor with a small shop like ICCS it will be interesting to see what happens to them, they are no different than any other business and subject to the same winds of change. A one trick pony cant survive long in todays marketplace, I don't know how much of a window they have but I would like to be around the next 10 years to see how it unfolds.
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SPP-Ottawa's Avatar
Canada
10456 Posts
 Posted 07/10/2016  5:27 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
A couple of points:

Coin dealers are in this business to make money - they use ICCS almost exclusively. Grade creep and market grading by ICCS probably have a factor in this. In fact, one saw more blue CCCS flips at coin shows 6 years ago, than one sees now.

Six months ago, I heard that ICCS was for sale. Since Brian no longer grades (Scott does almost all the grading now), the value is in the holder itself, and the name... whomever purchases ICCS, will get the lion's share of Canadian coin dealers business.


Quote:
...if it's round, metal and has a design on it, they will certify it.


I heard a very respectable coin dealer say the same thing... I do have CCCS hard slabs for my valuable exonumia (where else am I going to protect it with a hard slab). For the main part of my collection, I do no hesitate to send my coins to PCGS.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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