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<p>[QUOTE="Insider, post: 5179233, member: 24314"]I just spoke to the owner of our company to confirm how we grade coins at ICG and this discussion is an excellent place to post. First a few caveats... </p><p><br /></p><p>I have been unable to grade coins by my strict technical standards at any service I've worked for after leaving the first TPGS at INSAB in DC. </p><p><br /></p><p>At PCI (green, red, blue labels ONLY) we were strict graders as proven by all the dealers/collectors who told us so and who commonly cracked out our "problem" coins and had them straight graded by the big two. </p><p><br /></p><p>The reason for this post is to explain why you should NEVER send one of our slabs to cross at PCGS, ANACS, or NGC. That said...</p><p><br /></p><p>There is a "gimmick" used by all the TPGS. It is called "Market Acceptable." It is a moving non-standard that depends on many things such as the coin type, age, value, etc. Today, I'm grading a large number of mid-date cents in F to AU. I'm looking up attributions for free on some with interesting characteristics that make them easy to find. Unfortunately, many of the coins have a tiny amount of corrosion, scratches, edge damage, etc. - all common things on the typical circulated Large cent. The coin that got me to show my grade (details) to the owner was an 1857 in AU-58 that was very lightly buffed (hairlined to most) on the reverse that was hardly visible (IMHO, most collectors couldn't tell) unless the coin was held in the "right" orientation to the light. My first reaction was to "give-a-bone-to the major dealer customer; but I stopped. I don't play favorites and this is a coin I would sell as an AU if I were a dealer because IMO, the coin is "market acceptable." <b><span style="color: #b30000">BUT IT IS NOT</span></b>. That's because "market acceptable" does not exist for us. When I straight grade this coin for ANY of our customers including this dealer, what happens next in many cases is this: The customer, who knows the coin market tries for a cross at another service. Of course it will not cross because ICG slabbed a "cleaned" coin. Yet, coins worse that this are commonly found straight graded in TPGS slabs. "Market Acceptable" is different for each service. Our owner confirmed that "Homey-Don't-Play-Dat-Game" in Tampa! I was told to continue to grade the coins as we see them. No junk goes into our holder. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie10" alt=":oops:" unselectable="on" unselectable="on" /> We'll, no TPGS is perfect.[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 5179233, member: 24314"]I just spoke to the owner of our company to confirm how we grade coins at ICG and this discussion is an excellent place to post. First a few caveats... I have been unable to grade coins by my strict technical standards at any service I've worked for after leaving the first TPGS at INSAB in DC. At PCI (green, red, blue labels ONLY) we were strict graders as proven by all the dealers/collectors who told us so and who commonly cracked out our "problem" coins and had them straight graded by the big two. The reason for this post is to explain why you should NEVER send one of our slabs to cross at PCGS, ANACS, or NGC. That said... There is a "gimmick" used by all the TPGS. It is called "Market Acceptable." It is a moving non-standard that depends on many things such as the coin type, age, value, etc. Today, I'm grading a large number of mid-date cents in F to AU. I'm looking up attributions for free on some with interesting characteristics that make them easy to find. Unfortunately, many of the coins have a tiny amount of corrosion, scratches, edge damage, etc. - all common things on the typical circulated Large cent. The coin that got me to show my grade (details) to the owner was an 1857 in AU-58 that was very lightly buffed (hairlined to most) on the reverse that was hardly visible (IMHO, most collectors couldn't tell) unless the coin was held in the "right" orientation to the light. My first reaction was to "give-a-bone-to the major dealer customer; but I stopped. I don't play favorites and this is a coin I would sell as an AU if I were a dealer because IMO, the coin is "market acceptable." [B][COLOR=#b30000]BUT IT IS NOT[/COLOR][/B]. That's because "market acceptable" does not exist for us. When I straight grade this coin for ANY of our customers including this dealer, what happens next in many cases is this: The customer, who knows the coin market tries for a cross at another service. Of course it will not cross because ICG slabbed a "cleaned" coin. Yet, coins worse that this are commonly found straight graded in TPGS slabs. "Market Acceptable" is different for each service. Our owner confirmed that "Homey-Don't-Play-Dat-Game" in Tampa! I was told to continue to grade the coins as we see them. No junk goes into our holder. :oops: We'll, no TPGS is perfect.[/QUOTE]
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