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All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

Did I Just Buy A Fake PCGS Coin? 2019-P Quarter

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Author	Topic
mojo423 New Member United States 8 Posts	Posted 02/09/2020 08:53 am * Edited by Staff to Add Year / Mintmark / Denomination to Title. Titles are Important! * I just won this coin on eBay. I paid about $10 which seems way to low. It's a 2019 P America Memorial quarter. I noticed after the auction the PCGS site doesn't have a price listed for MS 67 on the quarter. * Edited by Staff to crop and/or rotate images. Please crop and correctly orient images before uploading. This can be done with most built in software on phones and MS Paint on most PCs. You can also use the free image optimizer. * Report this Post to the Staff

T-BOP Bedrock of the Community United States 13028 Posts	Posted 02/09/2020 09:19 am Did you look up the registration # ? Proud Member of The Black Sheep Squadron ! Report this Post to the Staff
edweather Pillar of the Community United States 7204 Posts	Posted 02/09/2020 09:26 am Looks real. Report this Post to the Staff
John1 Bedrock of the Community United States 32755 Posts	Posted 02/09/2020 09:37 am https://www.PCGS.com/cert/37607014 John1 ( I'm no pro, it's just my humble opinion ) Searched 5+ Million Cents Since 1971 Report this Post to the Staff
mojo423 New Member United States 8 Posts	Posted 02/09/2020 09:56 am I was putting in the entire number. Thanks everyone. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 02/09/2020 12:56 pm It's real Report this Post to the Staff
Ballyhoo Pillar of the Community United States 670 Posts	Posted 02/09/2020 8:28 pm Verified. https://www.PCGS.com/cert/37607014 Report this Post to the Staff
Big-Kingdom Pillar of the Community United States 872 Posts	Posted 03/28/2020 5:39 pm It's real. They probably just hadn't updated the population report to reflect it yet. I think it's a good buy for $10. Report this Post to the Staff
Ballyhoo Pillar of the Community United States 670 Posts	Posted 03/28/2020 7:07 pm Genuine. Report this Post to the Staff
jonnin Valued Member United States 102 Posts	Posted 03/29/2020 12:15 am . isn't that about 1/2 the price of just having it graded, ignoring the coin's value entirely? Anyone know how this would play out? Or am I seriously misreading how the fees for grading work? Sorry to hijack, just curious as to how the math works there. Report this Post to the Staff
Big-Kingdom Pillar of the Community United States 872 Posts	Posted 03/29/2020 11:42 am Jonnin. People lose on grading all the time when they go to sell. Making $10 off it is likely better to that person than it sitting and making nothing on it. Also depends on membership level, they could just be counting it as one of the free submissions with their annual fee. Report this Post to the Staff
jonnin Valued Member United States 102 Posts	Posted 03/29/2020 12:10 pm Thanks, I had been wondering how / why so many < $30 coins are being sold graded at a loss. I guess I am not ready for that level of dedication Report this Post to the Staff
CalzoneManiac Pillar of the Community United States 972 Posts	Posted 03/29/2020 12:19 pm A lot of people do bulk submissions with modern coins. Usually the 68s and higher are kept and 67s and lower become "freebies". Usually this is done with the ASEs but it can be done on other modern coins. Currently interested in buying 1957 and earlier Russian and Soviet coins. Let me know if you have any and we can hook up a deal! Report this Post to the Staff
BStrauss3 Pillar of the Community United States 3374 Posts	Posted 03/29/2020 2:30 pm Play with the economics... and remember big dealers get better rates... https://www.PCGS.com/services/bulksubmissions Quote: With Bulk Submissions, you may indicate one (1) minimum grade on your submission form. PCGS will holder any coins that meet or exceed the requested minimum grade. No minimum MS or PR 70 submissions will be accepted. If you will accept any grade, please indicate that on the submission form. If no minimum is requested, all coins will be graded. Genuine Services (Genuine with Details and Genuine no Details) are not available on Bulk submissions. Below is the current pricing for orders with a minimum grade listed: If 60% of the coins submitted meet or exceed the minimum grade, each holdered coin will be charged $12. The coins that do not meet your minimum grade will be returned to you unholdered with no charge. If less than 60% of the coins submitted meet or exceed the minimum grade, each holdered coin will be charged $12 while the unholdered coins will be charged $5 each. Take the Frederick Douglas 2017P PCGS#625520 Population is 2 MS64 (price guide $4) 39 MS65 ($5) 163 MS66 ($7) 1 MS66+ ($8) 12 MS67 ($23) 1 MS67+ ($40) 1 MS68 ($750) Based on that, let's submit a bag of 100 coins. If you pick a minimum grade of MS67, you get 37% and pay the higher fee... 3712+635 = $759 plus your $119 cost for the bag... And you can sell them for $440 plus 63 spendable quarters for a total loss of $419.25. If you pick a minimum grade of MS66 or MS65, you pay a lot more in slabbing costs, but don't incur the penalty $5 charge. Still it's a net loss of $365.75 or $452.75 If you luck out and score that 2nd MS68, you make money... but if it was easy, everyone would do it. -----Burton 46 year / Life ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC Owned by four cats and a wife of 35 years (joined 1983) Report this Post to the Staff
	Topic

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