| Author |
 Replies: 10 / Views: 2,338 |
|
|
Pillar of the Community
United States
1804 Posts |
Are TPG(s) subject to NOT giving too many high grades in a single group of coins submitted?
Bluntly spoken ... Are TPG-ers predigest against one individual holding (cheaply) several high graded coins.
Example:
Maybe I think I have 2-3 (possible) MS65 grade Ike coins.
Would I be better off spreading out the best 3 Ikes in different batches with say dimes, pennies nickels?
My concerns come from a company (REP) whose name shall not be spoken here.
This REP said straight out ... "Do not submit all you best coins in a single batch!.
|
|
|
|
Bedrock of the Community
13014 Posts |
The only reason not to send them all in one batch would be so you didnt lose them all if the package was lost or stolen.
The truth is that what submitters think are super high grades and what the TPGs know often differs. But if they give one your Ikes a 64 or 63 its going to be because thats all they thought it deserved not because they thought you have to many 65s in the order.
|
|
Bedrock of the Community
United States
12437 Posts |
MS65 is not a high grade for the vast majority of Ikes and the high grade limitation thing is just a myth created by people who have a tendency to overinflate their own grading estimates. What TPGs are averse to is "creating wealth" by loosely assigning a particular grade to a coin.
Lets use an 1884-S Morgan $1 as an example. Numismedia lists it at $540 in AU55 while it rises to $1710 in AU58 and a whopping $8130 in MS60. That particular coin will receive much more scrutiny than any other ordinary high AU Morgan due to the steep rise in value with an incremental increase in grade.
|
|
Pillar of the Community
United States
7375 Posts |
Domain...I believe I kinda know what you are talking about, and I think I touched on it in a previous thread of mine called, ' TPG grading psychology.' What the previous posters said is probably true, and the graders probably don't have a lot of time to think about it, except on the really rare stuff. All that being said, I am probably biased towards submitting coins of contrasting grades, but that's just me. |
|
Pillar of the Community
United States
9792 Posts |
I wonder if Littleton has finished going through the IKE hoard they purchased a couple years ago, it was 223,000 coins, bound to be some wild errors and super high grade coins in it. "The Big Sky Hoard" http://www.littletoncoin.com/webapp...1-12-05.html br / "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
|
New Member
United States
33 Posts |
Coins are sent to the grading room unanimously and grader sees 100's of coins a day. I don't think unless mention a Ike dollar unless RARE would be put to that much scrutiny and thought. Plus coins are verified by a proofer before even sent out once they are put into a holder. |
|
Pillar of the Community
United States
7375 Posts |
I currently have several nice examples of the same coin, and am a little leary (that's code for paranoid  ) about sending more than one of them at a time to the same TPG, fearing that if one grades really high, they might not be as through with the second one. |
|
Pillar of the Community
 United States
1804 Posts |
Edweather...... Quote:I currently have several nice examples of the same coin, and am a little leary (that's code for paranoid ) about sending more than one of them at a time to the same TPG, fearing that if one grades really high, they might not be as through with the second one. I had the same fear (paranoia)... But I read somewhere the coin is only on the viewing area for a very short time ... an the judge is blind to the OWNER. Good luck on your coins. |
|
Bedrock of the Community
13014 Posts |
Unless there's a question of authenticity or you selected the variety attribution every coin will get the same treatment unless it's around a 5 figure plus coin or would be a top pop which will get extra scrutiny given their added liability. Their best finalizer for that series will generally be the one to give the okay on making a new top pop or creating wealth with such a coin for pcgs and ngc, but other than that it's a standardized process.
Edited by basebal21
04/02/2014 01:05 am
|
|
Pillar of the Community
United States
7375 Posts |
Thanks. I will be sending at least one in to PCGS. An ebay purchase to verify authenticity. Might be adding one to it, but am also considering adding 2 more just to combine shipping costs. |
|
Bedrock of the Community
13014 Posts |
I would do them all at once if they're all the same submission level. You'll save a lot on shipping that way
|
| |
Replies: 10 / Views: 2,338 |
|
Posted 03/07/2014 1:41 pm
