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Found 3 results

  1. I guess this would be the appropriate place to ask a question and start a lively discussion regarding ICG graded coins. To preface this discussion, I have noted an uptick (not exactly a flood) of ICG graded coins entering the selling arenas online and at coin shows. Many of these ICG graded coins are quite nice, but are they worth what sellers are asking for them? I have noticed many silver dollars and halves as well as copper, and other denominations. For the purpose of this discussion, I will focus more on the widely traded and collected silver dollars and half dollars. I have seen numerous recent sales of Morgan dollars graded MS67, MS66+, MS66, and even a handful of MS68 according to the ICG grades assigned to them. I have also noted recently Peace dollars ranging in grades from MS64+, MS65, MS65+, MS66, and even one MS67 which is a really hard grade to achieve on a Peace dollar. Silver dollars with such high grades would obviously command very high prices paid for them. The question I would like for people to comment on would be, are these high grades actually correct? Are the coins in these ICG holders truly high end MS? Before you answer that, let me expand this discussion to a small experiment I executed on four ICG graded coins; two Morgans, one Peace dollar, and one Walker half. For the purposes of the experiment, I acquired the ICG graded pieces at lesser values (i.e. not extremely high grades or very low mintage numbers - for example an 1882 S Morgan graded MS65 by ICG). I also made sure I did not pay any amount higher than what would be the low end of the MS spectrum so as not to suffer loss from this experiment. I cut the cases open very carefully and with extreme care, retrieved the coins from the ICG holders and immediately placed them into flips and sent them to NGC. After the wait, all four coins in this experiment came back graded two points lower than what the ICG label proclaimed (i.e. the MS65 came back from NGC graded as MS63). I was wondering if anyone else cuts open ICG, ANACS, or PCGS cases and submits them to NGC and what were the results of that? I then compared these to NGC graded coins of the same grades assigned by ICG to see if I could denote any difference in details that would make the two point difference, and when holding the two examples side by side, the differences in details were quite evident. So for everyone out there, are the coins from other third party graders really that grade and are they really worth the dollars you are paying for them? This should cause some thought for anyone who may have shelled out a good deal of hard earned money for say an ICG graded MS68 Morgan dollar to consider what they really have in their hand, where the differences in worth could be in the thousands. Once again, sure the coins look very nice, but what is the true grade? I am not looking to cause an argument with this discussion, but merely to hear from others who may have experimented in this way, and to cause some thought amongst collectors as to what we really are getting when we make these purchases. Thanks for reading and keeping comments thoughtful and polite.
  2. I recently submitted three ICG graded coins I had to NGC. Coin number one was an 1874 CC Trade Dollar ICG grade EF 40. Coin number two was an 1875 CC Trade Dollar ICG grade AU 53. Coin number three was an 1890 CC Morgan ICG grade MS 61. Coin number one came back NGC XF Details Cleaned. Coin number two came back NGC AU Details Cleaned. Coin number three came back NGC AU 58 and I had expected a lesser grade on all three. Neither ICG slabs stated Details and I don't believe any of the slabs to have been tampered with. I can find nothing on the web saying ICG would mislead it's customers. Is it worth a second opinion or should I just suck it up? I trust NGC so I have no complaints. I have one more ICC Trade Dollar to submit grade ICG AU 50 which I hope will come back at least NGC XF but fear it will also rate out as 'Cleaned'. Any help on this would be greatly appreciated.
  3. I recently submitted two old coins to NGC that were graded and encapsulated by ICG. Coin number one was 1874 CC Trade Dollar ICG Grade EF 40. Coin number two was 1875 CC Trade Dollar ICG Grade AU 53. Coin Number One came back NGC XF Details Cleaned. Coin Number TWO came back NGC AU Details Cleaned. No where on the ICG slabs did it say "Cleaned". The slabs did not look to be tampered with and NGC has no alluded to that fact. Is it worth a 'second' opinion on the matter or should I just suck it up? Thanks very much for any info given.