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<p>[QUOTE=&quot;Lehigh96, post: 5172166, member: 15309&quot;]That depends, if you plan to sell the coins as raw coins, then yes, they are a poor investment.</p><p><br /></p><p>People have it in their head that TPG grading increases the value of the coin.&nbsp; That is false, what TPG grading does is increase the liquidity of the coin.&nbsp; Most collectors are unwilling to pay the full price of a raw coin because they know that they won&#039;t be able to sell that coin at that price unless they get the coin graded.&nbsp; That leaves the experts who&nbsp; will also have no reason to give you full price for your coin because they know the collectors won&#039;t pay that price, leaving you with no customers.&nbsp; At that point, the seller of the raw coin has only two choices:&nbsp; have the coin graded in order to increase liquidity or lower the price to increase liquidity.</p><p><br /></p><p>Lets go back to the coin I illustrated earlier in this thread: 1938-S Jefferson Nickel ICG MS67.</p><p><br /></p><p><img src="https://i.imgur.com/ff5xZEs.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="https://i.imgur.com/mKRGoQN.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The eBay seller of this coin had it listed for $37.50.&nbsp; The greysheet for the 1938-S is $170 in MS67 and $22 in MS66.&nbsp; So why didn&#039;t this seller list the coin for MS67 money?&nbsp; The answer is because he knows that ICG graded coins have no liquidity at full price guide value.&nbsp; He knew that his best chance to maximize his return on that coin was to sell it at a reasonable premium to the MS66 price guide, thereby increasing the liquidity of the coin.&nbsp; However, it is still important to note that his coin wasn&#039;t purchased by a collector, it was purchased by an expert who knew that the coin was graded correctly by ICG and that it could be sent to NGC to achieve the same MS67 grade.&nbsp; That NGC holder then provided an increase in liquidity so that the coin could be sold at the MS67 grade.</p><p><br /></p><p>Now you made the statement earlier in this thread that ICG coins are considered raw coins by the market.&nbsp; I don&#039;t agree with that statement.&nbsp; If this coin was raw, you could reasonably sell it as a GEM BU coin and get MS65 money for it.&nbsp; Once you attempt to get premium gem money for a raw Jefferson Nickel, the liquidity disappears.&nbsp; As a raw coin, this coin would get $10.&nbsp; As an ICG coin, it achieved $37.50.&nbsp; As an NGC coin, it achieved $178.&nbsp; The coin stayed the same the entire time, but the liquidity threshold changes with the grading opinion.&nbsp; As a raw coin, the liquidity level is MS65.&nbsp; As an ICG MS67 the liquidity level is of a PQ MS66.&nbsp; And as an NGC MS67, the liquidity level is MS67.&nbsp; That isn&#039;t to say that if you wait long enough that you couldn&#039;t sell the coin raw at MS66 prices or even get someone to pay MS67 prices for the ICG MS67 slab, but when people sell their coins, typically, they don&#039;t want to wait months or years.</p><p><br /></p><p>So the question is if you want to increase the liquidity of your coins, which grading company provides you with the biggest increase in liquidity?&nbsp; Sometimes the answer to that question is NGC, other times the answer is PCGS, but the answer is almost never ICG.[/QUOTE]</p><p><br /></p>

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