Cross grading from NGC and PCGS to Canadian TPG'S ICCS and CCCS, Has anyone any experience please?

YQQ

I am considering having some older slabs (containing MS -MS 64 Canadian coins) cracked out and sending these to ICCS and CCCS (for the varieties) and to sell these coins on the Canadian Market.
has anyone done it and if so what results did you get?
Thank you for your input. It is much appreciated.
H

Greenstang

I can’t think of any advantage, in fact a lot of collectors in Canada send their coins
to PCGS or NGC for grading. One disadvantage of CCCS is that the coins are encased
in flips as opposed to hard holders.

syl

PCGS used to be very tough on "red" designation on cents, but ICCS is/was tough on 5 and 10 cents above 62, with PCGS higher.

coinkat

Be careful and think about whether that expense will pay off. If you are planning on using a Canadian Auction House, perhaps in the lot description they can attribute the variety. I only done the reverse -taking ICCS to PCGS-with a mere two coins with mixed results. The crossing and crack out plan usually leads to some level of disappointment. Good luck with the decision

TomB

Seems like a good way to lose money and decrease liquidity.

KSorbo

I sold a couple slabbed Canadian coins to a dealer in Toronto a couple years ago. One was NGC and the other was in an ANACS white holder. The ANACS coin, which was an identified variety, sold at a discount despite the soapbox. That tells me that there is a preference for NGC and PCGS. I can’t imagine they would have offered more for an ICCS flip.

YQQ

in my case it is:
very obvious that grades are way "out of line" in some very old slabs.
that varieties are not considered even for VERY rare coins.
in one event the designation for the very rare variety was made...but 100% WRONG ( $ 250 COMPARED TO $ 5k). (was told on the phone to send it back and NGC "experts" would look at it and re-evalute it. I pay all the expenses for shipping and customs etc, for their mistake?, even though I provided 100% evidence that they are wrong..)
And Liquidity, as TomB said, works the other way around in this case. It is not ALL about money.
And, our host wants a lot of $$ for re-grading very old slabs containing Canadian coins.
H

syl

If you are selling to a dealer, look at @60% of Trends, or even 50. At almost any coin show, you can buy most dealer's coins at 70-75% of what was his ask. I, personally, don't trust any TPG and certainly not for what they charge.

coinkat

Depending on the time frame of the grading, you might get a premium if the coin is in a PCGS rattler or OGH as well as the early pre 1992 NGC slabs. I would look into this alittle further before doing anything.