Why can't IGC and Anacs grade proof cameos?

Discussion in 'US Coins Forum' started by Jim Robinson, Nov 18, 2016.

  1. Jim Robinson

    Jim Robinson Member

    Another great anomaly! Why is it that ICG and Anacs proof slabs, especially with cameo designations, are almost never graded correctly? Or are they? Could it simply be a stigma or snubbing? Is it on purpose?
    Don't get me wrong plenty of horribly overgraded proofs by these two exist. But what gives? These companies have very well respected and competent principals. They certainly have the skill set to grade these right. is it their business plan to overgrade? Is it their niche? Has to be. right? "People prefer high grades to lower ones." "Let's go with the high ones make everyone happy!" Gee whiz, could that be the model?
    Certainly they should be able to model their standards to the top tier companies.

    Has anyone had a successful crossover of a modern 1950-1970 cameo that originated in slabs from these two?

    Thoughts?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Insider

    Insider Talent on loan from...

    What are your numismatic qualifications to make this statement? How long have you been collecting "Cameo" coins. Are you aware that the criteria for this designation has been "evolving." Please show us several examples of what you are implying as I have not noticed this on the scale you are stating for ANY of the TPGS. You may change my mind with enough evidence. :yawn:
     
    TypeCoin971793 likes this.
  4. chascat

    chascat Well-Known Member

    No, but I recently got back a couple which are most certainly cameos but wern,t designated as such.
     
  5. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    They can grade them...in fact, they DO grade them. The fact that your opinion differs from theirs as far as the "correct" grade is a different thing.

    Same thing with the two so-called "top tier" TGPs...I quite often disagree with their opinions on particular coins. Doesn't make them wrong--doesn't make me wrong either. Just simply different.
     
    Insider likes this.
  6. Insider

    Insider Talent on loan from...

    Cameo is the biggest bunch of ....ever since most modern proofs come that way. Today, put a "satin blush" on a coin and collectors think it's a DCAM. :p

    Enough talk, let's see pictures.
     
  7. chascat

    chascat Well-Known Member

    I agree...as far as early 50s proofs go, cameos are so scarce that when I see one with any cameo at all, it jumps out at me. How I view them and how they grade them are quiet different opinions. I assume their standards are a bit tougher than mine, but I think NGC would have graded them differently. Do you think ANACS has tougher grading standards? As of lately, I do.
     
  8. chascat

    chascat Well-Known Member

    How can anyone grade a proof coin from pictures? Way too many lighting issues. I just compare with other similar coins and then decide. I own many hundreds of graded proofs and there are too many differences in them to count. The older issues are simply very difficult to grade because they,re made from the same methods used in the 1800s, and virtually none are made the same as any other. Each successive strike has less cameo than its prior, and coupled with un-matched die pairs, there are innumerable combinations of cameo strikes, most of which do not make the grade. With poor handling, poor packaging, and poor storage over many years, it,s a miracle that any nice cameos exist at all. As for satisfying my own desires, I will usually settle for my coin to appear cameo, compared to a full brilliant strike, regardless of what the graders designate.
     
    Coinchemistry 2012 likes this.
  9. Insider

    Insider Talent on loan from...

    WE ARE NOT GRADING THE COIN. We are judging the amount of Cameo. Cameo surfaces show up best in florescent light. The plastic of the slab does not help...anyway I wish the OP would back up HIS opinion.
     
    micbraun and spirityoda like this.
  10. chascat

    chascat Well-Known Member

    My opinions are just that and only that! I will not accept any JUDGEMENTS as useful opinions...keep them to yourself! By the way, I highly respect the OPINIONS of many on this site, but as for a very few, I can do without the disrespect!
     
    Last edited: Nov 18, 2016
  11. Insider

    Insider Talent on loan from...

    :rolleyes: What disrespect? How old are you? :bigtears::bigtears::bigtears::bigtears: This entire site is about opinions and judgements. You yourself made judgements on your coins. That's fine they are your coins.

    I'll remind you that the OP made some statements. I challenged him. He is silent.

    Obviously, You don't get the fact that I AGREE WITH most of what you have posted. :facepalm: :D
     
  12. ToughCOINS

    ToughCOINS Dealer Member Moderator


    Beggin' to differ here . . . there are many combined dates / denominations for which one would expect cameos, yet they are quite rare. Among serious collectors these coins are coveted, even though they do not collect modern coins in general.

    As to the OP's post, I do not recall trying to crossover a cameo, likely because the truly rare cameo coins are easily sold in most anyone's holder, and are not necessarily a lot more liquid in a P or N holder.
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    What is being discussed here is at the very least an extremely complicated issue. To begin with it involves 4 different grading companies, each of which have and always have had their own unique set of grading standards and unique criteria for each of the special designations. And each one of those 4 have changed their grading standards and special designation criteria over the years to be less strict than they were previously, and more than once. And yes, it is well known that each of these 4 companies were more strict, or less strict, than the others. And not just in general but in regard to different and specific series of coins.

    On top of that you also have the mint itself changing its own standards regarding the minting of Proof coins. Prior to 1973 Proofs that would meet the cameo or deep cameo designation are a scarcity. From 1973 on they are the norm.

    So when one is discussing this you not only have to designate which specific companies you are talking about, you also have to specify which specific series, which special designation, which specific grade, and during which specific period of time.

    That said, have I ever seen an ANACS or ICG coin graded XX and designated cameo or deep cameo cross over to an NGC or PCGS coin graded XX and cameo or deep cameo ? Yes, I have. And not only have I seen them cross on the designation and grade, I have even seen them keep the designation and get an upgrade.

    I have also seen it turn out the other way, where the ANACS or ICG coin did not cross and did not get the designation or grade.

    And I have also seen NGC and PCGS coins that when reslabbed by ANACS or ICG kept the same grade and designation; were upgraded by ANACS or ICG, and had the designation upgrade as well, or were downgraded in grade and designation by ANACS and ICG.

    And I have seen all of these things happen when the two companies involved were NGC and PCGS - between each other.

    In other words, there is no rule. I have seen it go any way and every way. Even when you are talking the same specific series and the same specific time period, and the same date ranges.

    But even with all of that said, yes it is the market's opinion that ANACS and ICG are not the equals of NGC and PCGS - in a general sense.
     
  14. ldhair

    ldhair Clean Supporter

    Having a bad day?
     
    Insider likes this.
  15. chascat

    chascat Well-Known Member

    Back from walking the dog...about 4 miles a day...I,ve always been a little offended by the word "judgement", but as for my 45 years of collecting, I,ve developed certain opinions about grading services, which did not exist when I started collecting. As for my picture taking abilities, my equipment is not currently functional, but hopefully will be soon. I thought I was only giving my opinions about the thread topic but didn,t realize I,d crossed the line into judgement territory. My sincere apology for offending you with improper word choice again. By the way, I,m 66, how old are you?
     
    Last edited: Nov 18, 2016
  16. spirityoda

    spirityoda Coin Junky

    can you show us pics of the cameo coins you are trying to cross over ? I realize that there are different stages of cameo too. I have always wanted a very deep cameo frosted white franklin half with mirror fields, but the prices have sky rocketed on them. so I will buy other world coins on my want list.
     
  17. spirityoda

    spirityoda Coin Junky

    oh ok, when you get your camera working again. your TGP questions are interesting to me. I had seen some deep cameo Morgan dollars that took my breath away. the sticker shock was there too . lol I think GDJMSP knows what he is talking about. He has the experience to know about it. I have a question myself about cameo designations. Do you need to tell/ask them to put the cameo designation on the slab itself if it is truly a cameo coin ? and does it cost extra to have them put a cameo/deep cameo designation on the slab itself ?
     
    Last edited: Nov 18, 2016
  18. Insider

    Insider Talent on loan from...

    GDJMSP finished with this: "But even with all of that said, yes it is the market's opinion that ANACS and ICG are not the equals of NGC and PCGS - in a general sense."
    I should add in every sense (market opinion) and that's too bad.

    Your post #12 deserves a best answer. New thread: Should Doug get a best answer or is he too old or too smart? :D


    Not offended, just extremely surprised at your reaction. BTW, I don't ask a lady her age.
     
  19. Jim Robinson

    Jim Robinson Member

    My opinions are obviously formed by my experiences. I'm at work. I have too many examples of failed crossovers to mention. My observations are of MY COINS, not yours. Sheesh. I'm guessing my experiences are not an anomaly. I'm a serious collector of high grade modern 1950-1970 proofs with cameo designations. Apparently I must show pictures??? Here are some.
    None of these crossed to pcgs. I suspect reasons more of a cameo issue than PR numerical grade. Maybe both as I set min to PR67 cam for 55 and 59 franklins.
     

    Attached Files:

    chascat likes this.
  20. Jim Robinson

    Jim Robinson Member

    Chascat. Well said. I think your entire post is 100%. Yes, even your observations where anacs may be tougher these days. I think they must be overcompensating. Top tier 2 seem to be tightening there standards as well.
     
  21. Jim Robinson

    Jim Robinson Member

    Less i be judged.. Their standards. Little grammatical error.
     
    chascat likes this.
Draft saved Draft deleted

Share This Page