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 Replies: 9 / Views: 2,326 |
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Pillar of the Community
United Kingdom
616 Posts |
I am a newbie. And I am cosidering doing something that let's say is a little risky for my experience level. I have an opportunity to buy some notes at what is a good price then I want to break them up and sell them. They have all been graded 62 or above by PCGS. What I want to know is how respected is PCGS grading for notes? If the grades are good then I am not worried about losing any meaningful amount of money and should make some.
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Pillar of the Community
United States
5854 Posts |
From my understanding, PCGS and PMG are the top two TPG's within the currency world. |
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Valued Member
United Arab Emirates
242 Posts |
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Valued Member
United States
366 Posts |
PCGS Currency is respected but dead slow... I know many who refuse to submit because the turn-around can be 3-4 months!
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Pillar of the Community
United States
7840 Posts |
PCGS Currency - Whoa, slow, I did not know!
PMG - ?
I have heard/read the same about these two being the tops in their field in (U.S.) currency.
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Pillar of the Community
United States
1590 Posts |
I have heard good things as far as PCGS grading standards. But I was shown some paperwork by a Currency Dealer at a recent Coin Show that showed it took a bit over SIX months to get his currency graded. That is an unacceptable time to have your inventory off of the selling floor. And while you can get it faster, the extra cost many times takes your profit margins down to zero.
Since yours have already been graded you should do fine.
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Pillar of the Community
 United Kingdom
616 Posts |
I think if you use economy it is incredibly slow. I think a lot of dealers send in large economy bundles. But there are several levels of submission.
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Bedrock of the Community
13014 Posts |
6 months is absurd but star is right depends on the service level. If you use the economy or bulk its basically as long as they feel like but the others have much faster turn around times according to their site. http://www.pcgscurrency.com/pricing.html |
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Pillar of the Community
United Kingdom
616 Posts |
I did call them and ask about times and at least regular is running much longer than post on the site. The only reason I know is I have some bills I want graded and was trying to decide who to join. I decided even with the extended turnaround time to go with PCGS.
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Pillar of the Community
United Kingdom
616 Posts |
Had a very interesting conversation with a PCGS grader at the National Money Show today. Also he told me they are now down to about 20-30 business days for regular processing.
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Replies: 9 / Views: 2,326 |
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Posted 08/24/2012 06:36 am
