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 Replies: 14 / Views: 2,038 |
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Valued Member
United States
337 Posts |
I have been finding graded coins on ebay that should sell for about $8 ungraded, in particular ATB and 50 state silver quarters. I have never sent a coin for grading, because I am under the impression it costs too much. Does PCGS or NGC have a deal where the cost of a 5-coin silver quarter set can be graded at a reasonable price? Or, do people send sets in hoping for PF70 grades and take a loss on the others? I would get the ANA discount, whatever that is. I also know the postage would be my responsibility, so can they be return shipped together? |
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Pillar of the Community
Canada
5417 Posts |
It is still very expensive, stuff like silver quarters which are worth $15 graded are send in the hundreds to get a bulk discount, only then is it worth certification.
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Pillar of the Community
 United States
4594 Posts |
Also some of the bulk grading has deals even better - pay only for those selected above a certain grade as long as a percentage makes it. But stick with a basic $5/ea bulk rate.
Say our 2011S Gettysburg, buy 100 $8 coins + $5 grading fee - you are into it for $1300. The 5% that grade out at PF68DCAM or better are worth $18.75 (10%), $22.50 (5%) or $38.75 (2%)
That means you are down to $11 per coin for the 'rejects'.
-----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
United States
20753 Posts |
I've always wondered about who sends in coins worth a few dollars and pay more than their worth to have them graded. Sort of a waste. Although I do see so many of them at coin shows all the time. As to your sending in coins for that purpose, the best thing to do is go to the TPGS's web site and request their prices. PCGS and NGC have web sites and I suppose many of the other ones do also.
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Pillar of the Community
United States
1804 Posts |
Bstrauauss3........... Quote:
Also some of the bulk grading has deals even better - pay only for those selected above a certain grade as long as a percentage makes it. But stick with a basic $5/ea bulk rate. Good heavens. Who offers $5 TPGing cost? Minimum coins info please? $5 TPG cost would make some of my Ikes worth the gamble to go ahead. |
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Moderator
 United States
23522 Posts |
Quote:Good heavens. Who offers $5 TPGing cost? Minimum coins info please? $5 TPG cost would make some of my Ikes worth the gamble to go ahead. You need to be capable of consistently sending hundreds of coins in at a time, repeatedly, to get any reasonable rate. |
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Pillar of the Community
United States
1804 Posts |
SsupperDdave.............. Quote:
You need to be capable of consistently sending hundreds of coins in at a time, repeatedly, to get any reasonable rate. Way to rich for my blood. |
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Moderator
United States
23522 Posts |
Yeah, it's not for the likes of us.  |
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Pillar of the Community
United States
1804 Posts |
SsupperDdave.............. Quote:
Yeah, it's not for the likes of us. Even if I could afford the "Elite" yearly NGC $275 fee... Even if I Could afford the $5.00(?) per coin fee to submit ... I could never do it repeatedly....... And last ... I would need to open a few more dozen 1,000 coin bags, to ever get 100 (hopefully) MS65 MS64 and down Ikes is a financial boo-boo, most likely. Particularly If you had to flip 'em. |
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Valued Member
 United States
337 Posts |
Thanks, I did not see how, and all f you have confirmed it.
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Bedrock of the Community
13014 Posts |
Quote:
MS64 and down Ikes is a financial boo-boo, most likely. Not if youre getting tham at face and only paying 5 bucks for grading. Of course the problem is you have to be a silvertowne type company assuring them 10s of thousands of coins submitted a year to get that type of rate. The casual bulk submitter will have to be happy with the 12 dollar rate they offer. |
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Pillar of the Community
United States
1804 Posts |
Quote:
Even if I Could afford the $5.00(?) per coin fee to submit ... I could never do it repeatedly....... Quote:
Of course the problem is you have to be a Silvertowne type company assuring them 10s of thousands of coins submitted a year to get that type of rate. The casual bulk submitter will have to be happy with the 12 dollar rate they offer. May I please ask you what is a "SilverTowne" Type of firm? ... kind of big I guess? If you have followed my threads, you know I am really quite small. I must keep dumping, (or spending), just to be able to get my next bag ... "If" in fact, one is even AVAILABLE. Some times it is weeks between a new bag of MIGHTY ikes. Also, what is the minimum number of coins for a $12 rate? Which TPG are you talking about? Thank you kindly for any advise. ================================ AOMT IMO The $12 fee mades all MS64 and down, coins not too financially friendly, as far as I can see. The extra $7 is just too much. |
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Bedrock of the Community
United States
20753 Posts |
Regardless of the cost to have a coin graded, always try to imagine what the coin is worth. IF less than the grading cost, not really worth the postage.
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Bedrock of the Community
13014 Posts |
Quote:
May I please ask you what is a "SilverTowne" Type of firm? ... kind of big I guess? Kind of big would be an understatement  This is them http://www.silvertowne.com/ If I had to guess theyre probably submitting over 50k coins a year maybe even over 100k to PCGS and NGC combined between all their US coins, World Coins, and Bullion. Anytime something new comes out they basically order a massive truck load of it. When the ASE special sets came out they put up pictures of pallets and pallets of them they ordered in their massive truck when they arrived. You probably dont need to be that big to get the 5 dollar rate, but you need to be doing a lot of business like that. When you submit that much theyll put your stuff at the front of the line and expedite how fast the get it done too. Quote:Also, what is the minimum number of coins for a $12 rate? Which TPG are you talking about? Thank you kindly for any advise. This is for PCGS for the 12 dollar bulk rate. The nice part about the bulk submission is you can specify a minimum grade so they will only grade coins that meet or exceed that grade. Its a 100 coin minimum and no more than 5 different coins can be included in those 100 coins. A different date or mint mark counts as a different coin so you could pick up to five types in any quantity as long as its 100 coins or more. If more than 60% of the submission reaches your minimum grade its 12 dollars a coin and the ungraded ones dont get charged anything. If less than 60% reach your minimum grade its 12 dollars a coin for what gets slabbed and a 5 dollar fee for the ones that dont. You definitely want to make sure that at least 60% of it reaches the grade you put down to avoid the costly 5 dollar fee on 40+ coins with nothing to show for it. |
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Bedrock of the Community
United States
17884 Posts |
I don't know which one it was but at least one to the top two firms cut the collectors off from the bulk grading. You have to be an authorized dealer in order to do bulk submissions.
As to how big Silvertowne is, once about twenty five or thirty years ago the Mint decided to try and increase their proof set sales so they offered a steep discount in the price to anyone that ordered over 100K sets. Silvertowne ordered 1.5 Million sets and got them for something like $3 less per set. They sold job lots to other dealers and sold them through adds to the collectors for $2 per set less than the mint was selling them. Needless to say that was the last time the mint did that kind of a deal.
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Replies: 14 / Views: 2,038 |
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Posted 04/19/2014 5:36 pm
