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 Replies: 1,581 / Views: 149,095 |
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Pillar of the Community
United States
1044 Posts |
Quote:
Can someone explain to me why if your not selling this coin now why are you getting it slabbed? Seems like a waste of money if your going to hold it for the long term. Initially I was like 90-95% not slabbing. Now I'm pretty close to 50% even though I have no plans on selling. I feel I can enjoy the coin more if I keep it in the OMP but I do like the way it looks with NGCs SF trolley label. For me to get a coin slabbed I would need to feel that it's special and/or unique and I feel this meets that criteria. You may be right in that it's a waste of money but if I end up liking it more slabbed then maybe it's not. Still undecided but as slow as it's traveling to get here looks like I still have time to mull it over. |
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Valued Member
United States
179 Posts |
I have never slabbed a coin myself. This is the first coin I have ever really considered and should be delivered on Friday. This is also the first Thanksgiving I'm not happy about due to no mail delivery! I stopped by my LCS the other day. They told me to figure about $150 if I submitted through them. I do not have an account at PCGS/NGC but was thinking of going with PCGS. I haven't sat down to figure out a price but I had it in my head to do it myself including joining PCGS at the silver level would be about that same cost. Am I missing something?
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Bedrock of the Community
13014 Posts |
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I stopped by my LCS the other day. They told me to figure about $150 if I submitted through them. I do not have an account at PCGS/NGC but was thinking of going with PCGS. I haven't sat down to figure out a price but I had it in my head to do it myself including joining PCGS at the silver level would be about that same cost. Am I missing something? That's a wildly high price for your LCS to do it. It would be cheaper to do it yourself and you wouldn't have to worry about it getting switched etc. |
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Valued Member
United States
179 Posts |
That was what I was thinking when I heard it. I guess I better sit down and figure it out myself. What would be a more reasonable cost to have them do it?
Edited by pilotaggie
11/27/2019 01:56 am
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Bedrock of the Community
13014 Posts |
Depends what you want with it like first strike or the coa or gold shield. If you go back in the tread I did the price breakdowns. It's realist pic for the lcs to charge 10 or 15 bucks for their troubles much more than that is excessive in my opinion since the sheet only takes like 5 minutes to fill out.
If you don't have a long standing relationship as a regular with an lcs this is one I would do myself. It's to easy for them to send others with it and then just sa yours was the 69 regardless or the unsigned on if you got a signed coa
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Valued Member
United States
179 Posts |
I guess I should also clarify the 150 included the insured shipping.
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New Member
United States
35 Posts |
$150 isn't bad. I paid $69 silver membership fee, $65 for express grading, $28 to ship there, $28 to ship back, $10 handling fee, $18 first strike fee, $15 COA, looking at $233 or so for PCGS. This can be different of course depending on what you choose for the add-ons and shipping/grading speed.
Edited by knowledge101
11/27/2019 07:20 am
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Pillar of the Community
United States
4901 Posts |
NGC submission fee example: If you are an ANA or NGC member you can submit. If not: Associate member yearly fee: $25 Modern tier grading........: $17 Early Release (optional) ....$10 COA # on slab and encapsulate $15 Handling fee.................$10 Shipping can vary. I use Priority Insured because it gets there MUCH faster. Obviously Express Mail is faster but more expensive and could be pointless depending on the day shipped. Registered is very slow but more secure. Registered or Express Mail are the return options which add to the cost. It IS a lot for one coin...the Shipping and membership fees are the killers. Less of an impact with multiple coins for the same shipping cost |
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Bedrock of the Community
United States
10982 Posts |
Quote:
$150 isn't bad. I paid $69 silver membership fee, $65 for express grading, $28 to ship there, $28 to ship back, $10 handling fee, $18 first strike fee, $15 COA, looking at $233 or so for PCGS. This can be different of course depending on what you choose for the add-ons and shipping/grading speed. $150 isn't too bad if it includes most of the expenses (except express grading) you note. It can ship to PCGS in a Priority Mail box for about ~$10. If they want $150 plus all expenses then it's really high. I calculated ~$150 total cost for my brother-in-law submitting on his own versus going through a local dealer. He was going to get a quote from the dealer. |
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Pillar of the Community
United States
1913 Posts |
Quote:
$150 isn't bad. I paid $69 silver membership fee, $65 for express grading, $28 to ship there, $28 to ship back, $10 handling fee, $18 first strike fee, $15 COA, looking at $233 or so for PCGS. Quote:
$150 isn't too bad if it includes most of the expenses (except express grading) you note. I simply can't believe that I'm reading this. The guys that run the 3rd party grading services must be geniuses. Look at a modern coin for a minute or two at the most, seal it in a plastic holder with a "special" label and make well over $100. I might be able to understand if we were talking about old coins where there are varieties and possible fakes, but we're not. We're talking about a modern proof that anyone who knows anything about grading a coin can look at and determine if it's perfect (70) or not (69). It's your money, but I prefer to buy coins for my collection versus having someone else validate what I already know. Edited by Bret
11/27/2019 08:37 am
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Pillar of the Community
United States
4901 Posts |
Yup, I agree $150 is really out there to have ONE coin graded. I have sent in MANY hundreds of coins for grading but I would never think of forking over that much for one coin...BUT....with that said, this coin probably is an exception.
If you are lucky to get a 70 grade that would be around a $1500 price increase over raw.... AND... if you get a signed cert that price would be really out there. Only downside is that 69 grade which is selling at the same price as raw.
I will be sending three to NGC on Friday..I hope I get one 70....good thing is grading three only costs $84 more than grading one.
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Moderator
 United States
190340 Posts |
 to the Community, pilotaggie! |
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Valued Member
United States
456 Posts |
Quote:
Yup, I agree $150 is really out there to have ONE coin graded. I have sent in MANY hundreds of coins for grading but I would never think of forking over that much for one coin...BUT....with that said, this coin probably is an exception.
If you are lucky to get a 70 grade that would be around a $1500 price increase over raw.... AND... if you get a signed cert that price would be really out there. Only downside is that 69 grade which is selling at the same price as raw. I agree. It's worth the gamble on this one. |
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Bedrock of the Community
13014 Posts |
150 Is pretty bad for a dealer to do it for you.
If they're an authorized submitter the fees would be
10+30+28 return shipping for a base price of 68+10/15 (max) to get it there. So even if we say 15 that's 83.
Gold shield 88, coa 103, first strike 121 max. That's a 30 dollar submission fee for the LCS which is absurd for a single coin that takes about 5 minutes to submit.
Also keep in mind that the first strike is very likely cheaper for an authorized submitter, COA and gold shield might be as well I cannot remember from the last time I saw the dealer prices.
But anyone that want's to charge me $30 to submit a single coin no thanks
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Pillar of the Community
United States
1044 Posts |
So mine is finally showing "out for delivery". Tempted to just send right back out to NGC. My membership is good til January so I'll be saving a bit at least. Really want to open it though. Decisions, decisions
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Posted 11/27/2019 01:32 am
