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Replies: 15 / Views: 2,153 |
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Valued Member
Canada
212 Posts |
slabs? Would it do any good to talk to Sandy Campbell and Lighthouse Numismatics? Edited by Matrix1980 05/21/2011 4:10 pm
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Moderator
 Canada
10460 Posts |
Nope and nope. The ONLY way I could ever foresee ICCS offering a hard slab is if a silent partner/investor with really deep pockets offers to step in handle the whole process, with little expectation in return. In their own eyes, there is nothing wrong with the service they provide, it is a business that generates revenue.
"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
10460 Posts |
So why not use CCCS if you want hard slabs. Their grading is better, more conservative, and consistent.
"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
212 Posts |
SPP-Ottawa:
Because CCCS it not recognized at all compared to ICCS in the U.S or outside of Canada. They have never graded a 1921 50 cent pieces EVER let alone a dot penny or dime. I have a lot of people in the U.S offer me money for some of my coins with either option keep them graded by ICCS or have them graded by PCGS (and no thanks I will not send a 300 000$ by the mail to PCGS and hope to see it back).
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Moderator
 Canada
10460 Posts |
"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
10460 Posts |
It is not your capabilities that are in question and that I am doubting. It is your bold assumption that ICCS will want to change. This is not the first time ICCS has been approached to increase the security of their slabs, a group even offered to foot the bill. ICCS declined.
I personally think that ICCS will either sell the company or retire, rather than implementing any kind of major change.
"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
212 Posts |
SPP-Ottawa:
It is always good not to be first when trying to make a change it is better when the voices of the past, present and future are herd at the same time. The first, second ,third usually fail so the fourth, fifth or sixth may prevail.
Money may be not there issue but the health of there future is like any company one must adapt or fall with the others not willing to change.
I may not be there top client but I know many dealers and they are friends so together we will push.
Edited by Matrix1980 05/21/2011 6:07 pm
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Valued Member
 Canada
212 Posts |
By the way I am spending all this time on the computer I could be doing work for my private company and be making money instead but this issue is important to all Canadians who collect coins and that want a positive future for there coins/hobby.
Edited by Matrix1980 05/21/2011 6:15 pm
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Pillar of the Community
Canada
1733 Posts |
Just speaking from a raw business perspective, there is a certain brand value to ICCS, yes I agree. It could potentially be leveraged into something more. If the segment of Canadian coins were large enough to support a PCGS style of guarantee, you'd think someone might have made a play by now. I mean CCCS had an opportunity to do this and they also declined opting instead for a pure ICCS type model with some simple technology updates acting as their market differentiators. Given this, I think the best possible play in the Canadian market is for PCGS to establish a grading office in Toronto and continue what for them is business as usual. There are enough skilled graders in the marketplace to staff and equip such a small satellite office and the ability to draw on the larger companies skilled international coin graders would also be of benefit since nothing makes me giggle harder than US coins in ICCS flips. I think the corporate entity known as ICCS is just finishing the ride and enjoying the income without any risks or headaches as long as it lasts. I'm sure he (they) knows what is going on and decided consciously against change. It's like renting slum housing... milk the rental income until the final moment when you have to tear it down. Edit typos.
Edited by Ugly 05/21/2011 6:28 pm
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Valued Member
 Canada
212 Posts |
Ugly:
I love the idea of having a PCGS office in Canada I will also call them this week and see if they have even considered it or would. If ICCS can't step up there game let the U.S do it.
I know the person in charge at PCGS who I will contact good idea.
Edited by Matrix1980 05/21/2011 6:31 pm
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Pillar of the Community
Canada
1554 Posts |
Matrix, I've contacted the Pentagon and The President's Office. They have promised me they will put the heat on Brian and Scott to start hard slabbin' their coins. We should see a change by early next month! (or else the may call in an F-15 air strike on 2010 Yonge St., Toronto)
Glenn
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Pillar of the Community
Canada
902 Posts |
First ICCS needs to come out of the stone age & enter the computer age, is it not the 21st century ?
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Pillar of the Community
 Canada
9865 Posts |
A very large portion of high grade or rare Canadian coins reside in ICCS holders,but the vast majority of ICCS certified coins are not worth the $30 opinion or even the $15 alternative. As long as ICCS has great marketplace acceptance,why would the owners change things. For every high grade coin that goes to PCGS,ICCS grades thousands of coins that are simply not worth the price of a PCGS grade.
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Pillar of the Community
Canada
1472 Posts |
ICCS will Xgrade CCCS coins in hard holders. Everybody will be happy. Louis, Brian and buyers of ICCS stuff. The simple answer would be for Louis and Brian to be friends where anyones coins could end up in a hard holder courtesy of Louis with whichever opinion the owner wants. Or both opinions. For the cheap stuff, what is available works fine.
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Pillar of the Community
Canada
1733 Posts |
I agree with your point for the most part DBM, however the fact that we are having this discussion at all indicates the beginning of a trickle down effect where people are asking questions and looking for alternatives.
For the low end price range, CCCS has it imo. Web enabled database, hard holders for only 20 bucks and a simple web site for getting a submission form and the like. To add to that , the grading is quite decent and the service reasonably speedy overall. While no one is perfect, it's good for the price. One alternative is they charge 10-20 bucks more as an insurance "add on" and offer a compensatory guarantee. I would. For everyone you make a mistake with there are thousands you won't and adding a "protection plan" is the single largest pay point in consumer purchasing. It applies here too.
The hole at the high end is glaring. While I have heard people speak praises of PCGS grading I've seen enough boo boos that my trust level is not entirely there, I have no blind faith anyhow. I keep going back to the nickels from the 20's and early 30's and it's obvious to me they have a hard time telling the difference between AU and MS. I'm not perfect either, no one is, but I get really riled when someone comes in trailing supposed MS 64's that are AU 55's. I mean c'mon... all this tech and capacity for showing wear points in contrast should make it simple to call an AU.
Keep in mind, all my coins are raw. The only time I even think about grading is at sale time so I don't have as much exposure here as many of the slab collectors. Maybe that invalidates my opinion somewhat, I just believes it leaves me flexible until the last possible moment.
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Pillar of the Community
 Canada
9865 Posts |
Ugly you are absolutely right,a guarantee is needed for this hobby to dig itself out of 80's and into the 21st century. Both Canadian TPG's also need to move to market grading and away from technichal grading. Many of us started collecting before the advent of TPG's and "caveat emptor" became a factor in every single purchase. A "professional opinion" should imply a guarantee.When I hire an engineer he/she is wholly responsible for their opinion,that's the meaning of professional opinion to me. Many newer and potential collectors have grown up in a world where everything is expected to have a guarantee,and they also do not have the time to devote to research.
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Replies: 15 / Views: 2,153 |
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