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Opinions On ICG

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sharpbfast's Avatar
United States
184 Posts
 Posted 05/27/2011  12:40 am Show Profile   Bookmark this topic Add sharpbfast to your friends list Get a Link to this Message Number of Subscribers
So here in Jacksonville, Fl there is a coin show all weekend and I was told that a representative of ICG will be there and will grade coins and even pre grade so you dont need to waste money. He will be doing it for 9 bucks a pop.

SO my question is ICG any good? Worth getting coins graded by them? Your thoughts?
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cointagous's Avatar
United States
1143 Posts
 Posted 05/27/2011  02:05 am  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
9 bucks is cheap so it depends what you want to put in plastic. If you want to know if something is authentic then go to the pre grade and ask. ICG is a smaller outfit but they have some good graders on staff so if you have questions, ask them at the show. They are not nearly as well known as the BIG two but they also dont charge near as much either allowing cheaper coins to be graded. Personally I like raw coins when examining them, but slabbing sure can help when selling. Ulitmately to answer your question....they are a second tier grading company. Sometimes too loose in their grading which is why some dealers look down on their slabs. I see a lot of marketing done through them...aka special this or that coins. Its because they slab cheap I'm sure. Hope that helps.
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biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  05:30 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Do not disturb the grader -- he's disturbed enough already.
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biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  05:47 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
U git what you pay for, sometimes less.
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Freedom's Avatar
United States
526 Posts
 Posted 05/27/2011  07:01 am  Show Profile   Bookmark this reply Add Freedom to your friends list Get a Link to this Reply
In my experience there are really three big players in the game for coins. PCGS, NGC and ANACS (In no order or preference or expertise). Anybody else is pretty much a "Fly By Night" type of operation and their grades are very subjective, mostly higher than the coin should grade. I have seen MS-65 coins from ICG grade at MS-60 or lower by NGC and PCGS both.

BiggFredd is correct, you get what you pay for and sometimees alot less.
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Adam_E's Avatar
United States
4846 Posts
 Posted 05/27/2011  07:57 am  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
if you can go to the FUN show, randy Campbell gives you approx. grades for free. he's at a couple of coin shows in my area.
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numismaniac's Avatar
United States
361 Posts
 Posted 05/27/2011  09:57 am  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
I, personally, have owned some ICG slabs in the past. I found them very reliable when they first started out. The true down side is they are NOT as good when selling. Buyers certainly prefer PCGS and NGC. They are listed in the greysheet as well as the Bluesheet along with anacs. I guess the question you have to pose yourself is-are you going to be grading any coins you will wish to sell ? Here is a direct quote from ICG. " If the coin submitted for review by a customer receives a lower grade than the grade originally assigned or has questionable authenticity under ICG's internal review practices, ICG shall, at ICG's option, either (a) replace the coin, or (b) pay any difference between the current fair market value of such coin at the newly established grade and the current fair market value of the grade originally assigned to such coin.". For what it is worth, Bob
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Prethen's Avatar
United States
3234 Posts
 Posted 05/27/2011  11:31 am  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
This one is a bit tricky to answer. When ICG first came out, they were the bees knees; a fantastic response to the big 2. Over the years they lost some of their luster to some looser grading standards, especially in moderns. The staff now has completely changed over as of a couple of years ago and personally I don't know where they are at now. I guess, if I had some lower value coins that I wanted authenticated and protected/displayed in a slab, I wouldn't mind using them.
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sharpbfast's Avatar
United States
184 Posts
 Posted 05/31/2011  10:21 pm  Show Profile   Bookmark this reply Add sharpbfast to your friends list Get a Link to this Reply
Adam - that FUN guy was there. I wasn't able to make it to the show but I read that he was there.
Bedrock of the Community
United States
20753 Posts
 Posted 06/01/2011  09:14 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
He will be doing it for 9 bucks a pop.

SO my question is ICG any good? Worth getting coins graded by them? Your thoughts?


1. If you think you have a coin worth grading, then the $9 might be a waste.
2. If your coin is really worth grading, then it would pay in the future to have used one of the top TPGS's
3. You didn't mention if that fee includes a slab. If so, does it get done there or do you have to wait for it to come back to you?
4. Why not just use the $9 towards a coin you need or want.
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BadThad's Avatar
United States
19951 Posts
 Posted 06/01/2011  10:34 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
All the IGC coins I have seen have been acurately graded, but I only look at Lincolns. I would use them on less expensive coins, i.e. <$100, no problem. However, if you have any high dollar coins then stick with the big three.
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cointagous's Avatar
United States
1143 Posts
 Posted 06/01/2011  1:03 pm  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
I would agree about only using them on less expensive coins. It is nice to have walk through capability at a show and prescreening as well. I am not a big slab buyer but have have some ICG holdered coins which imo are properly graded. I also have returned some slq's that were overgraded ICG's and went for bluesheet prices...aka you get what you pay for.
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sharpbfast's Avatar
United States
184 Posts
 Posted 06/04/2011  12:58 am  Show Profile   Bookmark this reply Add sharpbfast to your friends list Get a Link to this Reply
Yea I would agree you get what you pay for. I never made it to the show but It would of been cool to get a pre screening of some coins.
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66VietnamVet67's Avatar
United States
1 Posts
 Posted 06/10/2015  2:10 pm  Show Profile   Bookmark this reply Add 66VietnamVet67 to your friends list Get a Link to this Reply
If you don't know the grade and the $9 includes slabbing I would definitely pay it because you will have a grade and more importantly the coin will be protected. No holder - it's up to you.

I have bought several coins graded by ICG because of how the coin looked to me and compared it to the same graded coin in PCGS and NGC holders and because in fact they sell for less money. I have even bought 1 each of the same date & grade Morgan dollars from all the top 4 grading services to compare. Truth of the matter is I have compared same grade coins from all the services and ICG compares with the purported top 3. Also I am a collector not a professional grader but I have seen many PCGS & NGC graded coins that I wouldn't buy at the grade given and some that are terrible looking.

I personally am buying the coin not the holder(crack the coin out and what do you have), but that's precisely what people are doing with PCGS and NGC especially. For example early release and first strike. According to the US mint they produce many coins before they are released or shipped in order to get a substantial amount on hand. That means if the mint is at all efficient the first strike coins will be stored first or on the bottom of the produced coins as more and more are struck. Common sense then dictates that the first coins released are taken from the top of the stored coins and are possibly some of the last coins struck. The mint though has improved quality control to the point where most of the coins are really nice and changes the die fairly often so a first mailed or released coin could actually be a first strike from a replacement die but not from the original mintage.

Think about it, one of the last coins sold or mailed to the public is likely to be the first coin struck.

Just saying.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 06/10/2015  4:01 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
This thread is over four years old. We don't really appreciate the resurrection of zombie threads.

Good thing I looked at the date. I was about to get scared since I saw biggfredd posting.
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Fathead 5's Avatar
United States
294 Posts
 Posted 06/12/2015  12:44 am  Show Profile   Bookmark this reply Add Fathead 5 to your friends list Get a Link to this Reply
Stick with PCGS or NGC...they're easier to sell. Ultimately, one should follow that tired old cliche, "buy the coin, not the holder." I'd rather have the nice coin in a PCGS holder. Who actually seeks out ICG graded coins? I don't know anyone that does.
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