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 Replies: 9 / Views: 8,387 |
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Pillar of the Community
United States
4113 Posts |
I just purchased a 2000 S Sac Dollar- slabbed, ICG- PR70 DCAM for $35.00
I noticed that the same coin graded by PCGS is going for around $2,150.00
Is there that big of a difference in grading that justifies such a price descrepancy of almost $2,115.00?
IF I'm going to purchase a particular slabbed coin, I always stick to one of the big 4, so I feel pretty good in getting this coin for only $35.00 from ICG.
I'm not saying its worth thousands, but again, is there that big of a difference in grading a ICG PR70 from a PCGS PR70 to justify such a hugh price gap?
Thanks for any help on this.
Chuck.
Edited by chuckster 125
09/17/2008 09:32 am
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Bedrock of the Community
United States
12437 Posts |
PCGS doesn't like giving out 70s so they keep their populations low. Low pops= big money when in PCGS plastic in most cases for moderns, that has alot to do with the registry set craze. Notice that the value of a PCGS PR69 is about what you paid for yours and I bet that yours would get a 69 from PCGS.
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Pillar of the Community
 United States
4113 Posts |
Thanks biokemist 6 for the explanation- makes more sense now, total grading POP 70 on a pcgs coin versus # graded by ICG.
I guess if you got money to burn etc, its no problem paying that kind of price, I'll stick to what I paid for with the ICG coin! :)
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Pillar of the Community
United States
6384 Posts |
My feeling is that ICG is pretty loose with 70 grades. PCGS policy is that they will not crossover MS70 or PR70 coins from competitor slabs; they argue that at the 70 level a tiny edge nick could be present that can't be seen until the slab is cracked open. Such a defect would disqualify the coin from receiving a PCGS 70 grade and they won't take that chance.
If you really think that ICG PR70 coin deserves a 70 from PCGS you would have to crack it out and send it in raw. If it only gets a 69 you are no worse off since it would probably sell for about the same price as an ICG 70. If you happen to get that PCGS 70 grade, you are a winner! Or, you might end up with 68 or even lower.
You will have to decide whether you feel lucky!
Edited by Jaobler
09/17/2008 2:13 pm
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Pillar of the Community
United States
4113 Posts |
Paying only $35.00 for the coin - its probably worth considering once I have the coin in hand and take a closer look at it.
ANY imperfection that I spot, its staying in its ICG holder!
Thanks for the info, appreciate it.
*Do you happen to know under what magnification PCGS grades its coins?
5X,10x,etc?*
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Pillar of the Community
United States
6384 Posts |
I remember reading that any coin grading MS70 or PR70 must have no visible defects when viewed under 10X magnification. Whether this criterion is strictly applied at PCGS, NGC, ANACS, or ICG is anybody's guess. Of these 4 TPGs, ICG seems to have the largest population of 70 grades floating around. I have 3 of them myself! Maybe one day I'll take a chance and crack one out to send to PCGS.
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Pillar of the Community
United States
4113 Posts |
Thanks!
I'll put it under 10 to 15X when I get it to see if I spot ANYTHING that would downgrade the coin from a perfect 70.
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Pillar of the Community
United States
4113 Posts |
OK Got the coin in this afternoon. I counted at least 4 tick marks/blemishes( 2 on the Obverse and 2 on the Rev) No way this coin is a PR-70. I can see now how there is such a price difference, assuming that the PCGS coin is a perfect PR70. PCGS would never grade this coin a PR70. I got what I paid for, so I'm happy with that. I only have a total of 4 slabbed ICG coins,including this one, and in re-looking them over (IMHO) ICG slabbed coins are not as good as the other three PCGS,NGC,and ANACS. I just compared my ICG 1999D Pennsyvania State Quarter MS67 with a 1999D Pennsylvania State Quarter graded MS67 by NGC that I also have, and the NGC coin is by far the nicer and better one of the two. I know I mentioned earlier in my thread that I stick to the Big 4 in purchasing slabbed coins, but I'm re-thinking about buying anymore coins by ICG. Edited by chuckster 125
09/20/2008 4:32 pm
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Pillar of the Community
United States
6384 Posts |
I think in general ICG is fine for authentication and for grading circulated and lower MS coins. As examples, the following ICG-graded coins did successfully cross over to PCGS, at the same original grades: 1797 Dollar, VF-35 1838 $5 Gold, AU-55 1875 Shield 5¢, MS-64 1939 10¢, PR-65. On the other hand, PCGS would not cross my 1800 Half Dime in ICG VF-30 (called it "altered surface") or my 1893-CC $5 in ICG MS-61 (didn't make the grade). ICG also slabbed my 1837 AU half dollar and an AU 1919-D nickel which had both been rejected by PCGS for cleaning. As you can probably guess, if I have a high-value coin in an ICG holder I will usually try to get it into PCGS plastic. I'll still purchase ICG-slabbed coins, but if two similar examples of a coin I want are available in both ICG and PCGS slabs, the PCGS coin will usually be my first choice. |
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Pillar of the Community
United States
4113 Posts |
Jaobler;
Thanks for your input, appreciate the info!
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Replies: 9 / Views: 8,387 |
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Posted 09/17/2008 12:33 pm
