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Moderator
 United States
23522 Posts |
I'm going to be submitting some US coins to PCGS in the near future. I'm leaning towards an Economy submission ($18/coin, $300 max value, about 30 days' turnaround), because I'm cheap, but I might not be able to due to the value of one of the coins. If you have other types, we might need to work at a minimum submission. I can help in the categories of World and World Gold. Either post here or contact me thru Forum Email if you're interested. |
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Pillar of the Community
United States
2254 Posts |
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Moderator
 United States
23522 Posts |
Kinda depends on you guys. If nobody wants to piggyback, I have to buy more gradable coins to meet the minimum, and I'm not buying much U.S. stuff these days. Of course, I've always been willing to have another excuse to buy more coins....  |
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Pillar of the Community
United States
2254 Posts |
lolol. I honestly don't know if I have anything woth grading, but I will look around at what I've been buying. Unfortunately right now I am most likely in the same boat as you. I am about to start wathcing the race, so I will probably not get to perusing my stash today anytime soon.  |
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Moderator
United States
23522 Posts |
Yeah, in about two minutes my posting rate will drop dramatically. This is gonna be a big-carnage race. |
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Pillar of the Community
 United States
5953 Posts |
I have a few 2 Cents I would like to piggy back if thats ok. I am sending some to NGC and want to see how they both compare to my grading
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Moderator
United States
23522 Posts |
quote:
I have a few 2 Cents I would like to piggy back if thats ok. I am sending some to NGC and want to see how they both compare to my grading
I'm cool with that. Economy OK? Let's let this thread go for a couple days; we'll get together Tuesday-Wednesday and make arrangements. Or, understanding the timeframe, just send 'em on up and if nothing else develops I'll mail it all off. I have a couple Watches ending on ebay tonight that will have submission coins among them, if I win. The seller is known to me, and those coins will be in my hands by Friday if I pay Monday. So, the tentative plan is to submit NLT Friday. |
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Pillar of the Community
United States
2600 Posts |
Dave, by max value $300, do you mean the coin cannot grade at a level that would place the coins value over $300? I have never sent coins for grading but have a few that I am interested in having graded. Unfortunately, most will have a value over $300. Such as, $10 Indian head gold, the 1928 Peace dollar, etc. I do have some UNC cents that be under $300 that might be worth grading. Help me understand a little more and I would be glad to hop on the train. Jim |
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Pillar of the Community
United States
2269 Posts |
Dave, If the max is over $300.00, I have a 1916 D Mercury dime I would like to have graded. I figure it will grade G-4. |
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Pillar of the Community
United States
577 Posts |
Spider I'm pretty sure that he means a coin cannot be valued at more than $300.
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Pillar of the Community
United States
882 Posts |
Dave,
I have some 1963 D Franklins still in the mint wrappers that I could get graded. Do you think this would be worth it? I kinda just want to do it for fun, and those are my two best coins at the moment. All the rest are at home.
Alos, does PCGS grade notes? And can you send them in along with the coins?
Thanks,
Ty
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Pillar of the Community
United States
6385 Posts |
Hiya Superdave,
I do have three half dollars I would like to send to PCGS. How would you like to proceed? I'll need your mailing address and would need to write you a check to cover grading cost and the cost to send the (hopefully!) graded coins back to me. My coins are valued at $200 each so they fit the Economy requirements. Please let me know Superdave and maybe we can get 'er done!
FYI, my understanding of the PCGS Ecomony tier is that the coins must be from the USA, can't be gold coins, and cannot be valued at over $300. If Spider5689 sends in a G-4 1916-D dime and specifies only a $300 value on the submission form, PCGS would probably still grade it. If a coin is obviously worth a lot more than $300 (say, a 1916-D dime in EF), then PCGS might call or email the submitter and require more money in order to proceed with the grading.
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Pillar of the Community
United States
830 Posts |
quote:
a coin cannot be valued at more than $300.
Who decides the value, and on what do they base it? I have a few coins I'd like to submit sometime, but they could fall above that $300 mark. Does PCGS arbitrarily make value estimates to make more money by charging more for a coin above $300 in value? If they use their own absurdly high numbers ... well, you can see what I mean. |
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Pillar of the Community
United States
6385 Posts |
I've always just set my own valuation for submitted coins. Those values are what I and PCGS use to determine how much insurance is needed to protect the shipment. If you ask yourself the question, "could I conceivably have bought this coin for $300 during the last few years" and the answer is "yes", then I don't see any problem giving it a $300 value on the submission form. Of course, it it's lost or stolen in the mail, you're only covered up to the insured amount.
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Moderator
United States
23522 Posts |
OK, here's how it works:
The Economy submission tier takes about 30 days, costs $18 per coin and has a maximum value per coin of $300, U.S. coins only. That value is based on the submitter's opinion of grade, based on what you believe the coin would cost to replace at your estimated grade. The minimum submission at this tier is 5 coins.
The Regular submission tier takes about 15 days, costs $30 per coin and has a maximum value per coin of $3000. The same 5-coin minimum submission applies.
The values we're talking about here are for insurance purposes more than to line PCGS' pockets. Grade as accurately as you can; ask me for help and I'll have a go at grading when I see the coin in-hand. I'll probably double-check all grades, anyways. Balance the cost of the grading against the value of the graded coin; is it worth your while to slab? Of course, there are other reasons to slab, but that should be an important consideration. Nobody's gonna get into trouble if you estimate MS64 and it grades MS65, even if that means a big jump in price. PCGS will probably contact me for a large jump in graded value vs. estimated value.
Those of you who wish to join in, please take it to Forum email and we can exchange addresses etc. Let me know in the first email specifically what you plan to submit. I'm going to pay up front, and work out individual costs afterwards, because I want to equitably distribute the shipping/insurance costs based on the number of coins each individual will be submitting.
Let's move, guys. I want to make this thing happen.
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Pillar of the Community
United States
2254 Posts |
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Replies: 17 / Views: 2,341 |
Posted 03/11/2007 2:43 pm
