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ICG MS67 Morgan?
C0inCollect0r
Posts: 374 ✭✭
Hi all,
I know that ICG is far more loose in its grading of very high MS/Proof modern coinage compared to PCGS, but I was just curious as to what you generally make of their "high gem" grading of classic coins - say, hypothetically, an MS67 Morgan Dollar. Would you figure these coins in general to also be overgraded?
Thanks for your time.
I know that ICG is far more loose in its grading of very high MS/Proof modern coinage compared to PCGS, but I was just curious as to what you generally make of their "high gem" grading of classic coins - say, hypothetically, an MS67 Morgan Dollar. Would you figure these coins in general to also be overgraded?
Thanks for your time.
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<< <i>I would evaluate the coin on its own merits and disregard the label/holder >>
I own a few ICG's that are ultra conservatively graded and have seen others that where not... which can be said about ALL TPG services.
We would need to see the coin to determine if it is over, under or correctly graded. There is no general rule of thumb.
<< <i>The question is whether there is in fact a general rule of thumb - obviously with modern coinage, it is the "rule" that ICG overgrades in the ultra high grades. My question of whether the rule applies to classic coinage as well. I'm not talking about one coin in particular. >>
I would assume since PCGS slabbed classic coins consistantly outsell ICG slabbed classics on a grade for grade basis, your answer is obvious.
Edit; This was the "general rule of thumb" answer you asked for. You have to realize that there is always the occasional exception.
<< <i>I don't know if that's necessarily obvious - obviously alot of people are "drinking the Cool-Aid" about PCGS and of course PCGS has a much stronger following and established role in the coin market than ICG. >>
Do some research on Heritage, Teletrade, and even ebay on previous sales between like coins in PCGS plastic and ICG plastic, then report back with your findings.
The reasons are that PCGS has consistantly done a much better job at what they do than ICG, or just about any other TPG for that matter. Similar to a vehicle, sure a KIA drives nice, is lower priced, and gets you from point A to point B just fine, but most people would rather have the BMW. People pay top dollar for top quality, and PCGS delivers that MOST of the time.
<< <i>The question is whether there is in fact a general rule of thumb - obviously with modern coinage, it is the "rule" that ICG overgrades in the ultra high grades. My question of whether the rule applies to classic coinage as well. I'm not talking about one coin in particular. >>
Look at the auction prices realized on the various sites to get an average. Looking at the data will be more powerful than any one person's opinion. If the number of data points is large, data doesn't lie, it isn't Kool-Aid, it is reality. If the coins were close, and the prices wide apart, smart money would buy up the ICG coins cross them, and profit. At MS67 to MS66 the price difference on Morgans is large enough to make that happen.
1 no grade and rest 64 to 67. 2 crossed to pcgs 4 crossed to ngc and 1 didnt cross.
I like thier coins and in the future plan on leaving them in their ICGholders.
In honor of the memory of Cpl. Michael E. Thompson