ICG’s grading standards

dan1ecu

ICG has been accused of overgrading, especially high-grade moderns. Well, I don’t believe that they are incompetent (they are former PCGS people, I think). I also don’t believe that they would be so unethical as to purposely overgrade - that wouldn’t be wise if they’re trying to earn a good reputation as a business. I wonder if maybe some other grading services are too harsh on coins. That would be just as improper as being too lenient, wouldn’t it? What do you suppose is going on if two grading services claim to adhere to ANA standards, yet they seem to grade differently? Are the ANA grading standards subjective to some degree? Has anyone ever confronted ICG about an encapsulated coin who’s grade they disagree with? I recently won a 1950-D Jefferson nickel, ICG MS67 full steps, from a Heratage auction. Neither of the two leading services has graded any that high. I might try to get it crossed some day. It would be worth a small fortune in a PCGS holder...

Dan

presleyh

well my latest submission should be interesting. i just sent 5 icg graded pr69 dcam kennedys in the slabs to be crossed at any grade at pcgs. i will let you know what happens when they get back.

braddick

Isn't the 1950-D Jefferson a $1,000.00+ coin in PCGS MS67FS? I think so. If an auction house, such as Heritage sells it in another's holder (ICG, in this case) for way, way less I'd suspect there is a reason for this.
Heritage buyers and sellers are businessmen. They don't make a habit of giving away cash that is locked up in potential crossovers.

Russ

I've purchased several Kennedy proofs in ICG holders and I can tell you that, at least in this series, they do not grade up to NGC or PCGS standards - they don't even grade up to my standards.

Russ, NCNE

FC57Coins

One need only look at the prices paid for ICG, SEGS, NTC, and the "other" services. It shouldn't be a surprise to anyone that if the coin doesn't measure up, the price won't be there. Ever wonder how "$6000" coins wind up selling for $399?

Regards,

Frank