Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall Shop for APMEX Bullion on eBay!Specializing in Modern Numismatics 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

An ICG Ancients Slabbing Debacle

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 1,277Next Topic  
Pillar of the Community
Learn More...
Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 11/03/2019  9:58 pm Show Profile   Bookmark this topic Add Paul Bulgerin to your friends list Get a Link to this Message Number of Subscribers
I saw this "Trajan" denarius slabbed and graded by ICG on ebay.

It looks like Trajan grew a beard.
An-ICG-Ancients-Slabbing-Debacle
Paul Bulgerin
Moderator
Learn More...
echizento's Avatar
United States
23731 Posts
 Posted 11/03/2019  10:27 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Goes to show that they know nothing about ancient coins.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 11/04/2019  07:42 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I could never figure out how it is possible to apply the grading requirements (such as Sheldon), that apply to modern coins (such as U.S.coins),
can be applied to the grading of ancient coins,
because factors that affect the grade, are so completely different.

Certainly, ancient coins should, and need to be graded to arrive at a value, but that general idea, is the only thing they have in common.

Some factors which can affect the grading of an ancient coin:
-surface quality
-flan characteristics
-skill of the die cutter
-completeness of design and legends
-quality of strike
-presence and extent of corrosion
-effect of cleaning after recovery from ground burial - lots of ancient coins greatly increase in value after the benefits of professional cleaning and preservation.

Even the full attribution of an ancient coin can more than double it's value. (or lack of, halve it's value)

How do you apply Sheldon standards (other than wear), to these factors that can affect the value?

With most ancient coins, minor errors usually have no influence at all on their value.
Pillar of the Community
United States
3438 Posts
 Posted 11/04/2019  08:20 am  Show Profile   Bookmark this reply Add FVRIVS RVFVS to your friends list Get a Link to this Reply
The person who attributed the coin had a very limited knowledge of Roman Imperial coins
The person selling the coin has a cursory knowledge of Roman Imperial coins
The person likely to buy this coin has no knowledge of Roman Imperial coins
People with money to spend with no idea what they are buying
"Investors" ie suckers ........
Trophy hunters nothing more

ICG is a bargain basement outfit
Probably working out of someone's basement


Pillar of the Community
United States
1120 Posts
 Posted 11/04/2019  08:21 am  Show Profile   Bookmark this reply Add travelcoin to your friends list Get a Link to this Reply
WOW - that is stunning. I think a market for grading solely and exclusively ancients is there for the taking. A trusted source -
Moderator
Learn More...
Sap's Avatar
Australia
16816 Posts
 Posted 11/04/2019  9:43 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
But... but... it says "TRAIAN" right there on the coin... surely that means it's a coin of Trajan?

There are reasons why many ancients collectors generally just point and laugh when they see slabbed ancient coins. ICG's error-prone attributions are just one of those reasons.


Quote:
ICG is a bargain basement outfit
Probably working out of someone's basement


No, actually, ICG were a top-tier (or sometimes classified as second-from-top-tier) grading service, fully trustworthy in their field of expertise. And, caving in to demand from their customers, they expanded their slabbing service to include ancient Greek and Roman coins - which, it quickly became apparent, was well outside of their field of expertise. That they were the only slabbing service to accept ancient coins at the time added to the confusion.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
United States
3438 Posts
 Posted 11/05/2019  04:57 am  Show Profile   Bookmark this reply Add FVRIVS RVFVS to your friends list Get a Link to this Reply
I must admit to having little to no experience with the barbaric practice of slabbing ancients
But I did consult their pricing chart
My opinion remains that you get what you pay for
In this case .......
Not very much !
  Previous TopicReplies: 6 / Views: 1,277Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.32 seconds to rattle this change. Forums