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Sending Varieties Into ICCS Vs CCCS

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Pillar of the Community

Canada
1442 Posts
 Posted 06/07/2011  12:17 pm Show Profile   Bookmark this topic Add canadian-varieties to your friends list Get a Link to this Message Number of Subscribers
I have a dilemma. Imagine you have 100+ coins you want to submit for grading, mostly varieties.

Although I'd like some of the coins to be included in the "ICCS population report", I'm worried ICCS wont recognize many varieties that CCCS will.

I've read about ICCS recognizing some varieties while ignoring others, and there being some sort of collusion with Charleton guide? "Variety fixing?" :)...

At the same time, seems like coins in a CCCS holder take a hit in terms of "resale value", as ICCS collectors tend to be stubborn on collecting ICCS graded only?

Then there is the fear of sending 100+ coins into ICCS and never hearing from them again...no telephone, no internet presence, no website...seems like a huge risk to take...

Has anyone had experience sending 100+ batches of coin varieties into ICCS or CCCS?
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SPP-Ottawa's Avatar
Canada
10463 Posts
 Posted 06/07/2011  2:15 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Although I'd like some of the coins to be included in the "ICCS population report", I'm worried ICCS wont recognize many varieties that CCCS will.


ICCS will attribute varieties in the Charlton catalogue, sometimes for free, sometimes charging a $6.50 fee. However just because they comment on a variety in the flip, does not mean it will be in the ICCS population report.


Quote:
I've read about ICCS recognizing some varieties while ignoring others, and there being some sort of collusion with Charleton guide? "Variety fixing?" :)...


ICCS remains conservative about which varieties they comment on. Often, if you don't specify the variety, ICCS will just grade it unattributed. Some varieties they just refuse to attribute. This is where CCCS excels, but how CCCS describes their varieties is not entirely consistent.


Quote:
At the same time, seems like coins in a CCCS holder take a hit in terms of "resale value", as ICCS collectors tend to be stubborn on collecting ICCS graded only?


This was true 4-5 years ago, but not now. Most Canadian collectors and dealers know that CCCS grades are consistently strict, almost too strict. If you have an MS-65 in a CCCS holder, it WILL be an MS-65 anywhere. Canadian dealers still love ICCS, but give the collectors some credit - rumblings are abound about the inconsistent quality of grading over the past three years at ICCS (some may call it grade-creep). In the end, when it is time to sell your collection, it is the eye-appeal of your coins that will count, not what the TPG grade is. If your point is strictly retention of value, and your coins individually exceed $800 or more in CCN Trends, then consider CCCS hard holders or PCGS. Large heavy coins especially, do not fair well in either companies' soft flips, the mylar insert breaks with a single drop.


Quote:
Then there is the fear of sending 100+ coins into ICCS and never hearing from them again...no telephone, no internet presence, no website...seems like a huge risk to take...

Has anyone had experience sending 100+ batches of coin varieties into ICCS or CCCS?


Yes, rest assured, both services have excellent track records with this aspect of their service. If possible, deliver the coins in person, or take them to a coin show where a well-respected dealer can submit them on your behalf. Ask other collectors for their opinions on which dealer to use.
"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 Oppenheimer

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Zonad's Avatar
Canada
1472 Posts
 Posted 06/07/2011  2:25 pm  Show Profile   Bookmark this reply Add Zonad to your friends list Get a Link to this Reply
Very good reply by SPP-Ottawa. I would probably not send all 100 to the same place, depends on the coin. No errors to ICCS. A very rare obverse to ICCS or to CCCS for their hard slab and then to ICCS for confirmation.
Errors depend on their rarity as to CCCS or PCGS. World class errors might be better by PCGS. Of course if Louis said OK'd by MM on the holder it would be the best!
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Ugly's Avatar
Canada
1733 Posts
 Posted 06/07/2011  3:18 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
SPP has given decent advice here.

I only grade what I'm selling. Coins over the 500 dollar mark I generally shoot off to teletrade and choose PCGS slabs because the larger market on that site are US citizens... thus a US grader.

It's not unusual for me to make a deal to build a collection from my own stock and have them graded as part of the deal. So yeah, let's say it's 100 one cent pieces at the promised MS 64/65 or better mark... To me that's a CCCS bulk grading deal.

But now if someone wants five Eddie twenty five cent pieces I'd be more inclined to get them done at ICCS, I actually think they do a pretty good job on the older stuff though I've seen a few dipped pieces in holders with no comments, they all make errors once in a while.

Dunno, like I've said before I only ever decide the moment I need to actually do something about it. That way I can make up mind then without being tied to anyone's grade in the meantime.
Pillar of the Community
Canada
1442 Posts
 Posted 06/07/2011  4:21 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
Thanks for the excellent advice!

I think I'll send my varieties to CCCS, especially considering vast majority are NOT in Charlton... :D

And somehow, being able to verify they arrived ok, gives me a certain "peace of mind" :)...
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dan-in-crystal-lake's Avatar
United States
493 Posts
 Posted 06/10/2011  6:57 pm  Show Profile   Bookmark this reply Add dan-in-crystal-lake to your friends list Get a Link to this Reply
Agree here as well. ICCS will only mention the items in the Charlton Standard Catalog, not their variety sections. They are not a variety verification service service. Their standards seem to have slipped regarding large cents, perhaps others as well, over the past few years. If you want varieties, look to CCCS. If you want stiff standards on large cent grading, ie carbon spots and high luster and red % content look to PCGS. If you don't care, send them to ICCS.
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hammerrob's Avatar
United States
98 Posts
 Posted 06/12/2011  01:08 am  Show Profile   Bookmark this reply Add hammerrob to your friends list Get a Link to this Reply
Hi, new member. This topic is pretty timely for me. I kind of lucked into purchasing an 1884 Canadian Large Cent that I think will grade MS63. Incredible coin, but not my specialty and I know there's someone out there that will appreciate it more than I will. So, I'm going to sell it after getting it graded.

From what I've read, collectors for this coin will likely respect ICCS as much as, or more than, any other grading service. Does anyone here think one of the other services will open up a larger audience for the coin when goes up for sale?

Thanks, Rob
Pillar of the Community
Canada
1442 Posts
 Posted 06/12/2011  10:23 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
ICCS would be your best bet I think..
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