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ICG offers "No Grade, No Cost" grading

KoinDawgKoinDawg Posts: 890
in U.S. Coin Forum
According to ad in July 17 issue of CoinWorld, ICG says if your coin in "ungradeable" due to environmental damage, scratch, etc...(all the reasons PCGS and NGC sends your coin back in a bodybag), they will not charge you for the grading. They just charge a $5 "handling fee". So their "No Grade, No Cost" grading service still costs $5. How much do you save by sending a questionable coin to ICG instead of PCGS or NGC? If you went economy with PCGS you save $13. What are the chances of a ICG slab crossing to PCGS? Might ICG be an option to try first if you have a questionable coin?
image Scottish Fold Gold
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Comments

  • rcjesrcjes Posts: 77
    Everything I have had (ms coins) in an icg holder might grade 2 to 3 numbers lower in pcgs. Don't expect anything to cross!
    www.rcjes.com
  • PerryHallPerryHall Posts: 46,797 ✭✭✭✭✭
    Haven't they always had this policy?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    They are more accurate than NGC and I think for that reason some coins will cross even grade to PCGS
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RussRuss Posts: 48,514 ✭✭✭
    Moldy news.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>They are more accurate than NGC >>



    image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    Yep, I believe you would have more success cracking out ICG coins and resubmitting them to PCGS than cracking out NGC coins. image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • rcjesrcjes Posts: 77
    << They are more accurate than NGC >>




    image

    Russ, I agree !!!!
    www.rcjes.com
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Yep, I believe you would have more success cracking out ICG coins and resubmitting them to PCGS than cracking out NGC coins. >>



    Pass the joint, please.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • rcjesrcjes Posts: 77
    Everything I have had (ms coins) in an icg holder might grade 2 to 3 numbers lower in pcgs. Don't expect anything to cross!

    LOLimage
    www.rcjes.com
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>Everything I have had (ms coins) in an icg holder might grade 2 to 3 numbers lower in pcgs. Don't expect anything to cross!

    LOLimage >>

    Oh yeah, NGC far more notorious to overgrade!image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • cladkingcladking Posts: 28,720 ✭✭✭✭✭
    This takes real courage to do this. It could work out very well for them but there is a lot of risk.

    They can become associated with less desirable coins and they might get inundated with junk. Of
    course they can probably be pre-screened to remove the worst coin at less than a $5 cost.

    It's a great idea in any case.
    tempus fugit extra philosophiam.
  • rcjesrcjes Posts: 77
    NGC coins rarely cross, but to think IGC will even start to have a chance is just plain SILLY image

    I have seen many NNC coins get closer to the grade than IGC.

    #1 PCGS
    #2 NGC
    #3 Anacs (old)
    #4 PCI (old)
    #5 NNC
    #6 ICG
    www.rcjes.com
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>

    << <i>They are more accurate than NGC >>



    image Come on now be honest , when you think about submitting a coin to NGC, is there not a little hope or expectation you will get more from them than the coin deserves?

    Russ, NCNE >>

    image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • ABC123ABC123 Posts: 2,627
    Super deal, maybe it will catch-on with the other services !
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>NGC coins rarely cross, but to think IGC will even start to have a chance is just plain SILLY image

    I have seen many NNC coins get closer to the grade than IGC.

    #1 PCGS
    #2 NGC
    #3 Anacs (old)
    #4 PCI (old)
    #5 NNC
    #6 ICG >>

    Gotta disagree, there are just more NGC graded coins out there to have a chance but I bet ICG grades tougher than NGC.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • ddbirdddbird Posts: 3,168 ✭✭✭
    If you ignore their Modern grades...especially proofs.

    They are pretty decent.

    All the ICG coins I've owned have been graded properly, if not strictly.

    Now, that could be just becuase i have a good eye image, but Id def. buy some ICG coins...

    image
    ">"    http://www.cashcrate.com/5663377"
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>but I bet ICG grades tougher than NGC >>



    When a statement like that is made it's obvious that the one making it has little experience with the two companies.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>

    << <i>but I bet ICG grades tougher than NGC >>



    When a statement like that is made it's obvious that the one making it has little experience with the two companies. I do have the experience to know that NGC has far more overgraded slabbed coins. And I don't think it is because more coins have been submitted there. I think it is their policy to grade more liberally. The 'market' knows this and prices their stuff accordingly. I would look twice at an ICG graded coin but three times at an NGC graded coin!

    Russ, NCNE >>

    image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MrKelsoMrKelso Posts: 2,912 ✭✭✭
    ICG does a decent job. (sometimes)


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • FairlanemanFairlaneman Posts: 10,426 ✭✭✭✭✭


    << <i>#1 PCGS
    #2 NGC
    #3 Anacs (old)
    #4 PCI (old)
    #5 NNC
    #6 ICG >>



    1....... PCGS
    2....... ANACS (Old)
    3....... PCI (Old) sometimes ( A stretch here)

    4 1/2 NGC
    4 1/2 ICG

    NNC... WTF are and who are they ?

    No Kool Aid. Thats just how I see it right now.

    Ken
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I do have the experience to know that NGC has far more overgraded slabbed coins. And I don't think it is because more coins have been submitted there. I think it is their policy to grade more liberally. The 'market' knows this and prices their stuff accordingly. >>



    Since ICG coins bring even less than NGC coins, you just destroyed your own argument.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    How much did Cameron pay you to say this?
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>

    << <i>I do have the experience to know that NGC has far more overgraded slabbed coins. And I don't think it is because more coins have been submitted there. I think it is their policy to grade more liberally. The 'market' knows this and prices their stuff accordingly. >>



    Since ICG coins bring even less than NGC coins, you just destroyed your own argument. ICG coins bring less because of NGC primarily. NGC is far more used and quoted but it is unfortunate that they took a path like they have of liberal grading. That only served to make ICG suspicious too. Not because of the actual coins in the slabs.

    Russ, NCNE >>

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
    ICG is tougher on coins than NGC.

    NO DOUBT ABOUT IT.

    I see MANY MORE overgraded coins in NGC holders than I do ICG.

    But, NGC coins are more Marketable to the average buyer.

    -----------------------
    Now, back to the original post....

    Yes, there is a $5 processing fee (old news) and the grading fee is only 'Refunded on the next order' (Most don't know that)

    That's what bugs me the most, you get fully charged on the order and a 'Credit for the Grading Fee' on the next submission.

    I HAVE HAD LOTS OF LUCK BUYING NICE ICG COINS; SENDING THEM TO NGC AND GETTING A POINT UPGRADE ON MANY.
    BUT NOT AT PCGS (USUALLY 1, SOMETIMES 2 POINTS LOWER)

    I have a batch of 20 at NGC right now....
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>ICG is tougher on coins than NGC.

    NO DOUBT ABOUT IT. >>



    No fair! I asked him to pass the joint to me and he passed it to you.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
  • MyqqyMyqqy Posts: 9,777 ✭
    No fair! I asked him to pass the joint to me and he passed it to you.

    image
    My style is impetuous, my defense is impregnable !
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭

  • RussRuss Posts: 48,514 ✭✭✭


    << <i>RUSS,

    The only thing you know is High Grade accented hair WIDGETS. >>



    You really don't have a clue. BTW, who are you? It's obvious bidask is a shill for ICG. You too?

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>ICG is tougher on coins than NGC.

    NO DOUBT ABOUT IT.

    I see MANY MORE overgraded coins in NGC holders than I do ICG.

    But, NGC coins are more Marketable to the average buyer. I agree about the grading and marketability. Thats why the 'marketability' of NGC coins makes them so suspicilous of what your actually buying. I think ICG has something going with their new policy.
    -----------------------
    Now, back to the original post....

    Yes, there is a $5 processing fee (old news) and the grading fee is only 'Refunded on the next order' (Most don't know that)

    That's what bugs me the most, you get fully charged on the order and a 'Credit for the Grading Fee' on the next submission.

    I HAVE HAD LOTS OF LUCK BUYING NICE ICG COINS; SENDING THEM TO NGC AND GETTING A POINT UPGRADE ON MANY.
    BUT NOT AT PCGS (USUALLY 1, SOMETIMES 2 POINTS LOWER)

    I have a batch of 20 at NGC right now.... >>

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RussRuss Posts: 48,514 ✭✭✭
    Yep, pimps for ICG. I guess that's not as bad as pimping PCI.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Buy the coin, not the holder... and remember PCGS never has overgraded coins!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>

    << <i>RUSS,

    The only thing you know is High Grade accented hair WIDGETS. >>



    You really don't have a clue. BTW, who are you? It's obvious bidask is a shill for ICG. You too? No I am not a shill for ICG or anyone else for that matter!

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • stev32kstev32k Posts: 2,098 ✭✭✭
    I hate to see these kinds of comments about ICG vs NGC/PCGS because I'm afraid the prices will go up. I've recognized for a while now that ICG graded coins are a much better value than either NGC or PCGS. Their coins bring quite a bit less money than the top two, but I believe all but two of the eight I've purchased would cross at the same or one grade lower, and sell for quite a bit more than I paid. In all honesty I have liked the ICG coins just as much as the PCGS coins and more than the NGC coins.
    Who is General Failure, and why is he reading my hard drive?
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭


  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Calm down all you koolaid drinkers, there are good coins and bad coins in all holders. I have seen some real bow-wow coins in ICG holders and I have seen some crap coins in NGC and PCGS holders as well. I have bought some ICG moderns and maybe the grade is correct but they are far more liberial on the designations. I have seen DCAM coins in ICG holders that would barely make CAM at NGC or PCGS. The only way to prove your ICG is better than NGC is to blindly buy 20 coins in NGC slabs, and 20 coins in ICG slab. Crack them out and submit them to PCGS. After the grades post then look at the grades that the coins were. Otherwise, you are just cherrypicking coins.
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • RussRuss Posts: 48,514 ✭✭✭


    << <i>You obviously have NO CLASS and can't discuss anything without acting like a child. >>



    Translation:

    It bugs me when I get called on my obvious BS.

    Anybody who has any real experience with these two grading companies would never claim that ICG grades more strictly than NGC. Doing so just makes you look foolish.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>Edited: Sunday July 09, 2006 at 6:57 PM by JZrarities >>




    Feel like sticking around?
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>I hate to see these kinds of comments about ICG vs NGC/PCGS because I'm afraid the prices will go up. I've recognized for a while now that ICG graded coins are a much better value than either NGC or PCGS. Their coins bring quite a bit less money than the top two, but I believe all but two of the eight I've purchased would cross at the same or one grade lower, and sell for quite a bit more than I paid. In all honesty I have liked the ICG coins just as much as the PCGS coins and more than the NGC coins. >>

    Me too!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    I also find it interesting that you are posting this on the PCGS forum! Maybe you should take it to the ICG forum... Oh yea, they don't have one!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I've recognized for a while now that ICG graded coins are a much better value than either NGC or PCGS. >>



    There's an enormous difference between "better value" and grades stricter than NGC. I've grabbed plenty of ICG coins myself because some bargains can be had.

    Russ, NCNE

    eBay consignment sales | | Collectibles from Resco CCC
  • RussRuss Posts: 48,514 ✭✭✭
    Oh man, he weenied and edited his posts. Well, at least bidask is man enough to stay the course.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>I also find it interesting that you are posting this on the PCGS forum! Maybe you should take it to the ICG forum... Oh yea, they don't have one!!! >>

    PCGS is the best...I do not often see their coins discounted. Thats because I think their policy adheres to stricter grading. A few can get overgraded but that is the exception, not the rule. NGC on the other hand is the rule not the exception. Thats why so many of there coins are discounted. I think ICG has something going here, and I would be willing to buy more ICG coins (especially if I am thinking a crackout candidate) because they are closer to PCGS.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>

    << <i>I've recognized for a while now that ICG graded coins are a much better value than either NGC or PCGS. >>



    There's an enormous difference between "better value" and grades stricter than NGC. I've grabbed plenty of ICG coins myself because some bargains can be had. Maybe more bargains than NGC?

    Russ, NCNE >>

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Seriously, but 10 sightunseen ICG coins, crack them out and submit them. and then post the results.
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭


    << <i>

    << <i>They are more accurate than NGC >>



    image

    Russ, NCNE >>



    imageimage
    image...There's always time for coin collecting. image
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
    NO,

    I just don't have time for your Childish Personal attacks.

    You aren't worth my time any longer - I always counted on this place to be BETTER than r.c.c.

    Sorry Mad Marty, I refuse to hang around... ( love the Chicken tho'! )
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Sorry Mad Marty, I refuse to hang around... >>



    Can you post a goodbye thread? It's traditional.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭


    << <i>ICG is tougher on coins than NGC.

    NO DOUBT ABOUT IT.

    I see MANY MORE overgraded coins in NGC holders than I do ICG. >>



    imageimage
    image...There's always time for coin collecting. image

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