Question about ICG grading

MSD61 · February 12, 2004 2:13AM

Okay, if an ICG slabs says PR69DCAM how close to a PCGS or NGC 69DCAM would it be grade wise?

Thanks,
Mike

Russ · February 12, 2004 2:22AM

Odds are not good. ICG sucks at modern proof coins. Of course, there will be somebody come along with a tiny, insignificant sample of coins they got right to try and claim that their grading is fine.

Russ, NCNE

poptopsRus · February 12, 2004 2:23AM

Some will make it, others won't. All depends on the coin itself.

MSD61 · February 12, 2004 2:28AM

Thanks, I was asking because I was made an offer to purchase a 1976-S Type I Ike proof dollar ICG graded at PR69DCAM and I was wonder how close the grade would come to PCGS. I do need one to complete my registry but I don't think I want chance the crack out and then have it be graded lower.
Thanks,
Mike

Edited for English

LucyBop · February 12, 2004 2:34AM

many DCAM Gems can be found in these holders to the astute person with the discerning eye....

I know....

Russ · February 12, 2004 2:46AM

<< many DCAM Gems can be found in these holders to the astute person with the discerning eye... >>

And many more overgraded, over-designated turds can be found than that. Buying third-tier slabs is fine if one has the opportunity to evaluate the coin in-hand prior to plunking down the money. It's dangerous otherwise.

Russ, NCNE

XpipedreamR · February 12, 2004 2:49AM

I'm certainly no expert, but this is my experience...

A few months ago, I got to look at a whole bunch of ICG Buffs and Jeffs graded MS66-67. Although they were certainly nice coins, in my opinion they were all graded an average of two points over what PCGS on NGC would give them. I don't know if this overgrading runs across the board. From my random observations over the past several years, I would say that they consistently fall on the "optimistic" side of a coin's grade.

There was a lesser amount of proof Ikes in this bunch, maybe like 20-25 of them. All were 69DCAM except for a few 68DCAMs. I didn't think they were all up to PCGS or NGC standards. I don't think they were off by quite as much as the nickels were, on average, though. And a few did seem to be graded properly (i.e., by PCGS or NGC standards).

LucyBop · February 12, 2004 2:50AM

if your at a show, don't pass the chance to look at these......

clackamas · February 12, 2004 2:55AM

>>.Odds are not good. ICG sucks at modern proof coins. Of course, there will be somebody come along with a tiny, insignificant sample of coins they got right to try and claim that their grading is fine.

A guy last year purchased an ICG MS67RD 1910-S Lincoln cent sent it to PCGS and from I can gather will easily make $30K on the deal. Don't let lack of greed stand in your way. If the coin was a true 69 DCAM what would the holder say? 69DCAM maybe?

291fifth · February 12, 2004 2:57AM

When it comes to moderns ICG has extremely poor marketplace acceptance. I recently sold the last of my ICG moderns at a huge loss. They went for well under what it cost to slab them. To me, ICG is the same as raw.

291fifth · February 12, 2004 3:00AM

<< many DCAM Gems can be found in these holders to the astute person with the discerning eye....

I know.... >>

Yes, you can find many good ones. But you are going to have to crack them out and take your chances with one of the major services. Someone like Lucy can probably do very well at this since she has a specialty she knows well. The beginning collector might not do very well, however, as they will not have the eye for what the services like.

Russ · February 12, 2004 3:17AM

<< somebody come along with a tiny, insignificant sample of coins they got right >>

<< A guy last year purchased an ICG MS67RD 1910-S Lincoln cent sent it to PCGS and from I can gather will easily make $30K on the deal. >>

<< if your at a show, don't pass the chance to look at these...... >>

I don't pass it up. Nor do I pass up looking at anything and everything in every conceivable slab. Which is all fine and dandy for those of us who have access to shows. Many don't, and have to rely on sight-unseen purchases. Not a good idea with high-grade modern proofs in ICG slabs.

Russ, NCNE

MadMarty · February 12, 2004 3:50AM

Well as we all know, Russ NEVER buys coins in anything other than PCGS slabs!!!

Merc · February 12, 2004 4:05AM

They seem to grade correctly on older coins. I bought a nice looking 1846 Seated dollar in and ICG holder graded AU 50. The coin is AU50 so no problems there.

Russ · February 12, 2004 4:07AM

<< Russ NEVER buys coins in anything other than PCGS slabs!!! >>

Not true. I frequently buy them raw.

Russ, NCNE

paigowjohnny · February 12, 2004 4:09AM

I bought a 47-D Walker in ICG 64 at a show....guy was selling them for 25% back of bid. Coin is probably a solid 63, and I cracked it for an album set anyway, so I was satisfied. You just gotta look at each coin on it's own merits...

Question about ICG grading

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