ICG any good?
julie42
Posts: 136
I just bought a silver 1973 s Ike PR70DCAM ICG are they reputable or anywhere close to PCGS ? Or are they like wgc
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<< <i>I just bought a silver 1973 s Ike PR70DCAM ICG are they reputable or anywhere close to PCGS ? Or are they like wgc >>
They are legitimate and respected, but for PR-70 moderns, they are nowhere near as conservative as PCGS.
In other types of coins -- circulated and low MS classics, for example -- at least until the recent shakeup I think ICG was as good as anyone in the business.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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<< <i>My exerience with ICG proof moderns is to knock 2 points off the grade and be very careful of dcams. >>
So a 69DCAM is really a 67DCAM?
Never apply a blank statement to a grading service and how many points to deduct. You will either be screwed or leave alot of money on the table.
Cameron Kiefer
<< <i>
<< <i>My exerience with ICG proof moderns is to knock 2 points off the grade and be very careful of dcams. >>
So a 69DCAM is really a 67DCAM?
Never apply a blank statement to a grading service and how many points to deduct. You will either be screwed or leave alot of money on the table.
Cameron Kiefer >>
No, I think he meant a 69DCAM is really a 67CAM.
But while we are on the subject, Cameron, you have to admit that the ICG standard for the 70 was a lot more liberal than PCGS, right?
<< <i>
<< <i>
<< <i>My exerience with ICG proof moderns is to knock 2 points off the grade and be very careful of dcams. >>
So a 69DCAM is really a 67DCAM?
Never apply a blank statement to a grading service and how many points to deduct. You will either be screwed or leave alot of money on the table.
Cameron Kiefer >>
No, I think he meant a 69DCAM is really a 67CAM.
But while we are on the subject, Cameron, you have to admit that the ICG standard for the 70 was a lot more liberal than PCGS, right? >>
I dont know. I have never bought or sold PCGS 70's and have no clue how many coins they would look through. Why would that matter? At ICG we would fly out each January to New York City for a week and a half and look through literally 100,000+ silver eagles from one of the main distributors for the TV guys. The 70's would be sold on TV and the rest never were slabbed. PCGS might look through more than that...meaning ICG is looser or they might look through less I dont know. The market perception is that PCGS is much stricter but I am not a big dealer in either ICG or PCGS 70's. I would pay more for a PCGS 70 of course because as a dealer it sells for more. Its all a label plain and simple. Learn to grade coins yourself and cherrypick a gem silver eagle for above melt.
Cameron Kiefer
I paid 68dcam money for ICG 70 dcams. But the dcam contrast has to be there. It really is a moot point for me as I almost never buy ICG slabs anymore.
Bottom line, be very careful paying a premium for an ICG 70 dcam. I was burned enough times to be very cautious. They are not comparable to PCGS.
And who knows what standard ICG is using these days........
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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<< <i>
<< <i>My exerience with ICG proof moderns is to knock 2 points off the grade and be very careful of dcams. >>
So a 69DCAM is really a 67DCAM?
Never apply a blank statement to a grading service and how many points to deduct. You will either be screwed or leave alot of money on the table.
Cameron Kiefer >>
Great response
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>You are pissin your money away if you ever go to sell the coins. They say buy the coin and not the holder. Most dealers and buyers will discount the crud out of ICG holders. >>
I might not have chosen the exact same words, but I tend to agree with this.
When you said At ICG we would fly out each January to New York City for a week and a half and look through literally 100,000+ silver eagles from one of the main distributors for the TV guys. a few of questions came to mind. I don't know if you can answer them (well, I know you can answer but I also know that you might not be allowed to answer) but if you can, thanks a LOT in advance:
1) How many graders went to New York and how long would it take to go through 100,000 ASEs? Basically I am asking how long each coin was examined?
2) How many graders examined each 70 candidate?
3) How mind numbing was it to look at nothing but ASEs for presumably days?
<< <i>Cameron:
When you said At ICG we would fly out each January to New York City for a week and a half and look through literally 100,000+ silver eagles from one of the main distributors for the TV guys. a few of questions came to mind. I don't know if you can answer them (well, I know you can answer but I also know that you might not be allowed to answer) but if you can, thanks a LOT in advance:
1) How many graders went to New York and how long would it take to go through 100,000 ASEs? Basically I am asking how long each coin was examined?
2) How many graders examined each 70 candidate?
3) How mind numbing was it to look at nothing but ASEs for presumably days? >>
We would have 4-5 graders fly out and spend 10 working days looking through 500 coin boxes. We would spend 5-10 seconds looking at the coin basically prescreening them. Another grader would sort through the pulled ones before being sent back to ICG. Then the finalizer would look at them one more time back at the office before going into the slab. It wasnt too mind numbing. When you got home the next Presidential dollar was coming out and you knew there were 175,000 of those to look through. hahaha.
Cameron Kiefer
<< <i>I just bought a silver 1973 s Ike PR70DCAM ICG are they reputable or anywhere close to PCGS ? Or are they like wgc >>
I'll say this- If you are comfortable with your own grading skills, then ICG has some great coins. If you are still learning, then I think you'd be well off to get outside advice on a major purchase.
ICG isn't any more or less erratic than any other TPG in my opinion. I've learned this the hard way, that there are questionable coins in all holders, and we won't agree with all grading determinations. It's up to you (and all of us) to learn to determine what grade a coin is without the help of TPGs. That will come with time.
We are here to help, just ask.
<< <i>
<< <i>Cameron:
When you said At ICG we would fly out each January to New York City for a week and a half and look through literally 100,000+ silver eagles from one of the main distributors for the TV guys. a few of questions came to mind. I don't know if you can answer them (well, I know you can answer but I also know that you might not be allowed to answer) but if you can, thanks a LOT in advance:
1) How many graders went to New York and how long would it take to go through 100,000 ASEs? Basically I am asking how long each coin was examined?
2) How many graders examined each 70 candidate?
3) How mind numbing was it to look at nothing but ASEs for presumably days? >>
We would have 4-5 graders fly out and spend 10 working days looking through 500 coin boxes. We would spend 5-10 seconds looking at the coin basically prescreening them. Another grader would sort through the pulled ones before being sent back to ICG. Then the finalizer would look at them one more time back at the office before going into the slab. It wasnt too mind numbing. When you got home the next Presidential dollar was coming out and you knew there were 175,000 of those to look through. hahaha.
Cameron Kiefer >>
interesting
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Lou
ANA Life-Member
<< <i>Crack out a PCGS PR70DCAM and send it back to PCGS to get graded again.....good luck getting a 70.
Enjoy the kool ade.
Lou >>
BINGO!!!
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i also don't know how to tell if the holder is from the old or new version of ICG, I assume the coins i have are from the old version.
Anyone who automatically down prices a coin just because of the plastic is , imo, ignorant . i wish the hobby did not start trends that cater to the least common denominator.
But the facts are most ICG coins trade for ten cents on the PCGS dollar .
<< <i>In the circulated coins I buy, ICG is fine and often undergrades. >>
I bought an AU58 key date buff in an ICG holder in 2006... it was a real cream puff!
I cracked it and sent it to ANACS where it MS64'd, then crossed it to PCGS as a MS64 through a dealer.
Sold it on EBay 10 day auction starting at .99c and cleared $2,300.00 profit after all associated fees.
Worry more about the COIN... not the PLASTIC!
<< <i>
<< <i>In the circulated coins I buy, ICG is fine and often undergrades. >>
I bought an AU58 key date buff in an ICG holder in 2006... it was a real cream puff!
I cracked it and sent it to ANACS where it MS64'd, then crossed it to PCGS as a MS64 through a dealer.
Sold it on EBay 10 day auction starting at .99c and cleared $2,300.00 profit after all associated fees.
Worry more about the COIN... not the PLASTIC!
The Kool Aid Addiction™ is strong and hard to resist.