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 Replies: 28 / Views: 10,278 |
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Bedrock of the Community
13014 Posts |
Quote:
Would be interesting to toss a curve in this..... Ever contemplated sending some of the coins that downgraded to the green/gold sticker company? IF the value would be worth the exercise...of course. CAC doesn't do world coins at all. WINGS does those and as far as I can tell the world market is pretty meh about them. Really wouldn't be worth it in my opinion. |
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Pillar of the Community
Canada
1461 Posts |
Here is a coin I decided to experiment with doing the TPG dance for personal curiosity. http://images.PCGS.com/trueview/34008716Coin was originally graded as PCGS MS63 BN Sent to ICCS in PCGS Holder and crossed at MS-60 TR Cracked out of a PCGS Holder and recent to ICCS, Comes back MS-62 TR Resent back to PCGS and was graded MS-63 BN where it now rests. |
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Valued Member
Canada
324 Posts |
@thecoinhunter - I'm surprised to hear those results. I have always thought ICCS to be quite consistent. Pity.
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Pillar of the Community
 Canada
5397 Posts |
Just goes to show you that coin graders are just like politicians. They will say what ever they wish , depending on the constituents and the way the wind is blowing.
The whole thing is simply a game to played. There are winners and losers .
Best to learn grading for yourself and what a nice Original Coin is supposed to look like. Doesn't matter the company or the holder it is simply their OPINION that You are paying for at a given moment in time.
Coin hunter thanks for the experiment results. To throw a wrench and play Devils advocate, in my personal opinion the coin should be body bagged as a NO Grade. Too many gouges and marks and I do not think it is a NEW coin.
My Grade UNC Details Genuine!
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Pillar of the Community
Canada
1442 Posts |
I did this experiment with about 150 pre-1922 coins in the past year.
But I only did this with the PCGS Crossover SPECIAL, i.e. if it doesn't cross over, you DONT PAY.
It is absolutely a GAME. But I was very happy with the results.
PCGS grading is EXPENSIVE.
It has been worth it for me, in that sometimes a single coin PCGS upgrade can pay for the grading of the rest of the coin batch.
If I'm going to send 50-100 coins for grading, I make sure that the value gained by grading, or cross-grading, greatly exceeds the cost of the grading itself.
For me PCGS is simply the BEST. All my best coins have gone to PCGS. I have cut out literally thousands of coins out of ICCS flips that now reside in PCGS, NGC, ICG or CCCS slabs.
And I'll keep doing it.
p.s. CoinHunter, you're very lucky. That PCGS 1891 is a UNC Details, no question about it, with the scratches and the reverse gash. A rare example showing PCGS is not perfect, but it's still infinitely better than ICCS.
Edited by canadian-varieties
10/31/2017 04:27 am
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Pillar of the Community
Canada
2495 Posts |
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For me PCGS is simply the BEST. All my best coins have gone to PCGS. I have cut out literally thousands of coins out of ICCS flips OK, but I wouldn't have. Two PCGS graded vf25 dimes, followed by an ICCS VF20 (note the ICCS is actually graded lower than the PCGS dimes (you wouldn't know it by the pictures though).    |
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Pillar of the Community
Canada
1442 Posts |
I would have cut out that ICCS dime and sent it to PCGS LOL. That's an EF coin.
BTW...nice example, but there are very few of those left.
Dont think that Canadian dealers haven't been doing the same for many years now.
Edited by canadian-varieties
10/31/2017 11:32 am
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Pillar of the Community
Canada
1461 Posts |
I'm not going to defend the 1891 nor will it fetch MS63 money. It't not a pretty coin, although keep in mind neither grader thought the marks were enough to warrant a details grade and the marks are not as distracting or prominent in hand. Saying that, I still stand by the fact that PCGS is far more consistent at higher grades and has become the choice grader for anything high end Canadian. Undoubtedly, there is some work to be done at VF to AU levels and although the US graders in some cases do grade higher, they are at least more consistent.
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Pillar of the Community
Canada
1192 Posts |
Only a couple surprising results in the OP.
I agree with TheCoinHunter's comment. PCGS and ICCS are pretty close when it comes to MS coins. However, on coins in the F-AU range, PCGS is more consistent, but also consistently higher.
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Pillar of the Community
Canada
1461 Posts |
Another recent example from NGC. 1955 Arnprior with DB, ICCS MS-63 to NGC MS-63.
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Pillar of the Community
Canada
2366 Posts |
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I agree with TheCoinHunter's comment. PCGS and ICCS are pretty close when it comes to MS coins. However, on coins in the F-AU range, PCGS is more consistent, but also consistently higher.  My experience as well. For PCGS grades below MS the pictures have to be good enough to grade the coin myself as price lists are built on ICCS grading standards and these are obviously different in virtually (I don't trust my memory enough to commit to 'all' here!) every case I've seen in the lower grades. MS60-MS62 I'm cautious with but MS63+ my experience has been the grading is similar on average with the best coins (IE MS66s) being somewhat more likely to be in PCGS slabs than ICCS flips. |
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Valued Member
 Canada
74 Posts |
@Andy888
Didn't notice any pattern.
@skelly423
I didn't compile the gain/decrease in value but my estimate is the gain was higher than PCGS grading cost.
And the one the grade were lower, I will resent to ICCS with the cut holder and normally, they re-hold them (they always check for grade).
@Coinfrog
PCGS grading is more severe now than years ago.
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Valued Member
United States
467 Posts |
An interesting thread. Ultimately it all boils down to one person's opinion. To me the best thing about TPG's is that the chance of purchasing a counterfeit coin is greatly reduced. I think I am a pretty fair grader of circulated coins and prefer to rely on my own eye and Charlton's grading guide. More recently I have been committing heresy by cracking out most circulated PCGS, NGC and the other plastic-entombed coins for my albums. I cut out ICCS circulated coins for the same reason. Exceptions are made for AU58's and key dates that are most often counterfeited. Judging from my own set of PCGS-graded Victorian halves (in my opinion) the coins earlier holders are mostly overgraded and the more recent holders are more accurate, by Canadian grading standards. Overall though, I lost my interest in chasing registry coins and have reverted back to collecting in albums, like I did when I was a kid. I am having a heck of a lot more fun nowadays! |
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Replies: 28 / Views: 10,278 |
First Page
Posted 10/30/2017 4:02 pm
