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Moderator
 United States
23522 Posts |
Keep in mind you're not always buying the item from the original submitter. If you're the third or fourth owner of something which has been sold at a slight loss each time, you've just gotten a slabbed coin for pretty cheap.  And don't think that bulk pricing is only for Modern issues. If you have a hundred Indian cents to submit, you can attract bulk pricing, too. |
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Pillar of the Community
United States
5854 Posts |
If you look at the 2017 10K for Collectors Universe which owns PCGS, it says the average per coin grading fee was $14.92 and the range was from $1 to $10250. That is not a typo that you are seeing; someone was able to get coins graded for $1 each. They also state in their risk factors that just the top 5 customers, not 5%, account for 18% of revenues. So someone is absolutely getting a volume discount.
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Bedrock of the Community
13014 Posts |
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That is not a typo that you are seeing; someone was able to get coins graded for $1 each. Those are the slabbed things without a true grade. Basically the we took it out of the mint packaging and put it in plastic for you service. |
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Pillar of the Community
United States
5854 Posts |
Quote:
Those are the slabbed things without a true grade. Basically the we took it out of the mint packaging and put it in plastic for you service. That makes sense. Between fy2006 and fy2013, the minimum they charged per coin was $5. Before that, it was about $8 and after that it has been dropping to the current $1. |
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Pillar of the Community
 United States
4594 Posts |
Back to the OP - having a dealer submit your coin(s) for you won't qualify for bulk grading, as there is a minimum number of the same coin required for the bulk submission.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
13014 Posts |
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That makes sense. Between fy2006 and fy2013, the minimum they charged per coin was $5. Before that, it was about $8 and after that it has been dropping to the current $1. That timeline seems to coincide pretty well with when the BU/Uncirculated ect slabs started to become more prevalent. |
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Valued Member
United States
97 Posts |
I've heard of modern coins being done for $7-$8 by the "big" wholesalers. Now If I heard $7, you can bet someone is paying $6.
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Valued Member
United States
55 Posts |
This thread actually answered the question I had, regarding the costs. I'm constantly seeing graded coins being sold for less than it would even cost me to grade the coin, much less buy the coin itself.
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Pillar of the Community
United States
1475 Posts |
I just can't fathom someone sitting at PCGS & NGC looking at hundreds of fresh minted coins to see if they are MS/PR70 or 69... Their eyes must roll after couple of hours  |
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Moderator
United States
189767 Posts |
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I just can't fathom someone sitting at PCGS & NGC looking at hundreds of fresh minted coins to see if they are MS/PR70 or 69... We have had this discussion a few times before, but I cannot tell a 69 from a 70. I often wonder if this is the case for most graders and they are not just randomly giving out 70s at some predetermined ratio.  |
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Pillar of the Community
 United States
1375 Posts |
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... but I cannot tell a 69 from a 70. Neither can I, that's why I buy 69s  |
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Moderator
United States
189767 Posts |
I just started buying PCGS Ikes last year. All of the proofs are 69. |
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Bedrock of the Community
United States
12477 Posts |
MS/PF-70's don't exist. An imperfect process cannot produce a perfect product. I would still like to have a slabbed MS/PF-70 Jeff, though.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
13014 Posts |
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MS/PF-70's don't exist.
An imperfect process cannot produce a perfect product. Calling 70s perfect was the mistake. It's hard for people to separate out actual perfection (which is impossible in anything) and a perfect grade. They are two different things |
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Rest in Peace
United States
10625 Posts |
I changed my view of the 70 designation a while ago. For me it means the coin is as good as it gets based on the overall process that it was produced in and because of this MS70 and PR/PF70 are very different when it comes to the amount and severity of vey minor imperfections. There is no such animal as a perfect coin and if 70 meant absolutely perfect there should be none graded as such.
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Posted 10/15/2017 12:14 am
