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Replies: 24 / Views: 14,454 |
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Valued Member
Canada
194 Posts |
hi, do you guys rely on a CCCS grading coin? as ICCS? thanks for letting me know
Sergio
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Pillar of the Community
 Canada
5584 Posts |
CCCS has graded some coins that they shouldn't have, but they DO cert varieties that ICCS wont. The problem with CCCS is that they will most-times put whatever the submitter wants on the coin concerning what kind of variety that it is.... for a long time, the joke was that if a coin was round and metal, CCCS would cert it. Regardless, unless the coin is worth(what you can sell it for, not what a book or pub says) more than $125 or so, it's not worth it to certify .. a waste of money. ICCS puts coins in soft flips and they grade on technical wear only .. luster and appeal don't enter into their certs. ICCS is the most popular Canadian grading company and good for Canadian sales, but they are not as conservative as they used to be .. pretty generous.
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Bedrock of the Community
United States
94367 Posts |
There are no top-level, completely respected Canadian coin grading companies using modern encapsulation methods.
ICCS is second tier, employing primitive flips and hand-typed inserts that are 30 years out of date, not to mention a steady stream of inconsistent grades. How this company survives is beyond me.
CCCS is third tier, if you can imagine that.
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Pillar of the Community
United States
3619 Posts |
ICCS is solid on the authentication of coins. They struggle a bit with the softly struck coins. CCCS is a bit less consistent on grades than ICCS. Both are decent, but always buy the coin, rather than the opinion of the grade. The soft flips are a worry because of the risk of damage.
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Pillar of the Community
Canada
4911 Posts |
CCCS is a terrible excuse for a grading company..from my understanding they have a record of acting shady in general, lying and just bad business. Every submission I have been involved with has been a disaster. If you recall there was a thread on here of a 2017 plain toonie discovered in 2016..it was sent to CCCS to be certified as being discovered in 2016..he held onto it and pretty much bulled the owner until it was 2017 and he then finally certified it and sent it back..the coin was at CCCS for a few months! Another story is a fellow member who I am close with cut out old ICCS certed steel war 5 cent coins in MS64 to MS65, and sent them to CCCS for no chrome attributions and to see what they would grade..and CCCS butchered the grades! Calling them MS62s and MS63s if memory serves right. At the RCNA we got a rare peovincial coin, we asked the guy there who owns CCCS what he would grade it, once we said we were considering sending it for express grading, he said it would straight grade in his holder at MS63RB so we left it with him..this was a lie, he just wanted to get the extra cash for the express cert...and then he didn't even do it express, he lied to us about mailing the coin out to us for about a week or two, then it came back AU55 instead of the MS63 he suggested. I could go on and on...
Feel free to call me Will.
Edited by thedollarman 03/08/2019 04:26 am
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Moderator
 Canada
10456 Posts |
Quote: How this company survives is beyond me. Because in Canada, there is no real competition. The lion's share of ICCS business comes from vest-pocket and online dealers, who love the bulk submission rate. ICCS employs a very simple, yet effective, business model - if it is not broken, don't try to fix it. I would be so happy if PCGS would just create a "drop-off" or submission office here in Canada. You send the coins to this office, and PCGS then handles the customs and courier stuff to their grading facility in the US.... a pipe dream really though, because Canada's market for PCGS is just too small. Most of Canada's best coins are already in PCGS holders, owned by American collectors...
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Moderator
 Canada
10456 Posts |
thedollarman, I like you... and I really don't want to see you get involved with any sort of defamation mess, because what you have written could be interpreted as libel (unless you have unequivocal proof). CCCS is a member here, and they can read these posts just like everyone else.
We are free to express our opinions, and at the same time, when it comes to grading, it is highly subjective, so just be careful how you express your opinion.
I know CCCS has made some bad mistakes in certification, but I have examples where ICCS, PCGS and NGC also have made bad mistakes - to err is human. In Canada, we really only have limited options. That is because our coin market is so small.
My best coins are in PCGS holders. My reasons are simple:
1. PCGS has a guarantee to put their money where their mouth is - so if they screw up, they will fix it and even compensate you or buy the coin, if you can demonstrate a financial loss due to their error (e.g., buying a counterfeit coin in one of their holders).
2. Modern, up to date web sites, with population reports, certification lookup and registry sets.
3. The use of apps for my iPad and iPhone - you have no idea how awesome those tools are at coin shows, when shopping for upgrades.
4. A minimum of two graders for every coin, with a third grader if the two grades are inconsistent. This is important, because even the best graders can have bad days or suffer from fatigue.
Again - these are my opinions. At the end of the day, I have seen enough coins in the series I collect, that I trust my own eyes first (frankly, I have probably seen more nickel dollars than CCCS and ICCS combined). My grading style has adapted to PCGS style (devices take precedence over fields), so I only send coins for grading that I deem worthy of it.
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
 Canada
194 Posts |
thanks for your experiences, I'm glad I can discuss of it with some senior collectors...DO you know how to use PCGS grading ? I'm located in Montreal, Quebec.
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Moderator
 Canada
10456 Posts |
I submit my coins to PCGS through a PCGS authorized dealer. It is considerably more expensive than ICCS and CCCS soft flip bulk rates... (about $25 per coin, all in with shipping, insurance and exchange rate).
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
 Canada
194 Posts |
ok I'll try to find one in montreal, but I think there is no one...!
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Bedrock of the Community
13014 Posts |
Quote:
I would be so happy if PCGS would just create a "drop-off" or submission office here in Canada. You send the coins to this office, and PCGS then handles the customs and courier stuff to their grading facility in the US.... a pipe dream really though, because Canada's market for PCGS is just too small. Most of Canada's best coins are already in PCGS holders, owned by American collectors... I'm pretty we've discussed this in the past, but if no recent efforts have been made recently even since Brett took over at the start of the year they have been much more receptive to at least considering ideas from the public. Between Brett and Heather I've seen numerous times where they have responded directly to collector ideas and suggestions which never used to happen a couple years ago. Now seems like a good time to reach out to them again to at least try and get them to have a table for submissions at a major show. A dedicated submission center may not be practical but getting them to come to a show or two a year where submissions could be dropped off seems like something they may be interested in at least testing out Could be helpful too if you could get some sort of dealer petition going to show them the interest is there.
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Pillar of the Community
Canada
2495 Posts |
SPP-Ott.........$25 Canadian per coin sending to PCGS?
Holy Smoke, you must be getting a special rate.
Maybe, just maybe, you're sending a boat load of modern coins to get those rates, but most of us collectors would send under 10 coins and they wouldn't be modern.
Shipping with insurance, I'm guessing would be at least $50 .
Each coin grading fee is $35 USD equals $47 Canadian.
Ten coins totals $570 which is $57 each.
Double what you say.
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Valued Member
 Canada
194 Posts |
that what I was thinking...PCGS is expensive as you need to convert USD etc etc
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Pillar of the Community
United States
3619 Posts |
PCGS is getting better with grading Canadian coins, but they are still on a learning curve. The softly struck coins are difficult for them, too. I share @SPP-Ottawa's comments on the positives for PCGS, and I'll add that the rigid plastic holders provide much better protection for the coins than the soft flips.
I like to cherry-pick varieties at shows, and I've had decent success cherry-picking ICCS and PCGS coins. Because CCCS does variety attributions, it's harder to cherry-pick from their coins.
Again, always buy the coin and not the grade.
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Moderator
 Canada
10456 Posts |
Yes, I know the math does not make sense, but I do submit coins in bulk... and a lot are "modern" coins (1965 and newer) - remember I search ten of thousands of dollars annually in nickel 50c and nickel dollars... I have type set and registry set collectors and clients who snap up almost every 50c I submit... the top coins in the post-1967 PCGS population report are almost all ones I submitted.
Error coins are the toughest pill to swallow.... almost $95 per coin, all in.
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
576 Posts |
I love raw coins. I know for sale it helps to have certified. I'm been around forever and don't post as much as I could but I've found no grading service I've fallen in love with and certainly when it comes to Maritime coinage American companies are out of the loop. Buy the coin. Buy the strike. Buy the patina. It's just too bad there's a need for TPG's at all but I fully acknowledge the need and the reason for it.
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Replies: 24 / Views: 14,454 |