Grading Cost For The Modern Morgan And Peace Dollars

It's hard to send in a bulk order as an individual with a 3 coin Household limit and typically a minimum of 100 coins for bulk and no more than 5 coin#s, so 20 per.

PCGS and NGC make their bulk submission forms available

https://lmgtfy.app/?q=site:PCGS.com...ission&iie=1
https://lmgtfy.app/?q=site:NGCcoin....ission&iie=1

For modern coins (not bulk), NGC charges $18 + s/h/insurance and a $10 fee per invoice. You can become a member with no vouchers for $25 or as an ANA member for $30 which includes the digital magazine AND NGC submission privileges.

I have 13 Peace & Morgans with PCGS right now in the QA stage of grading. I figure the cost on my card will be $450. That includes first strike designation, which I'm still undecided if I will do very often.

This is the biggest grading order I've done, and I probably won't do it again. My thought was that if I get a bunch of 70 grades that I'd maybe sell some of them eventually.

The annual membership is a separate cost. These grading outfits seem to have a good thing going - it's a bit of a racket.

But to just get them graded without the first strike frills it's not too bad. Definitely send in a bunch at a time though, due to those one-time fees & shipping. Don't forget the cost to ship them to the grader, also. That cost is not insignificant.

Unless I have done the math wrong, I don't see a benefit in buying a premium membership just to get the vouchers. I believe that unless you grade expensive coins (gold, platinum, palladium) you're better off to do the low-end membership with no vouchers.

And of course, if everything comes back 69 you will end up unable to recoup your money from reselling. So think through why you are doing the grading in the first place. I had a good year with my side gigs so I wanted to do this big order, even just to get one 70 of each for myself. But even then, no guarantee. And to be honest, I don't own a microscope so a lower grade shouldn't matter to me. I'm just doing this as a collector, not to make money.

Technically you don't save on the grading fees, those are per coin.

But dividing the $10 invoice fee over more coins makes them individually a tiny bit cheaper.

Shipping/handling/insurance get a skosh cheaper per coin too because they price it in bands.

Part of the problem is that people who want to grade & flip pay for express level grading so it's not sitting in PCGS' vault if the market tanks.

https://www.PCGS.com/faq




If you use the voucher for more expensive services, they credit you with the Regular service tier, $38 (https://www.PCGS.com/servicesandfees).

Express (faster) + First Strike is 65+18, less the voucher of $38 is $45. Plus the invoice fee ($10 or $5/coin for two). Plus shipping/insurance of $22 for 1-4 coins total value $1000 or less ($11/coin)... I make it $61 with voucher, $99 without.

When sending the coins in to be graded the grading site says to remove the coins from there holders and put them in a Mylar flip holder. Is this right? I would think the coins would be safer in the air tight case. And would avoid finger prints on the coins. I believe you can't get the first or early release lables any more, Am I right on that note? I appreciate all the help. This team is awesome.

Ok I contacted PCGS and the said it was fine to ship the coins in the air tight holders. Another interesting thing is I asked him since I live in So. Cal not far from there company could I drop the coins off personally to avoid shipping them. He said no right now they don't accept walk in delivery's. I would feel a lot more safe if I could hand deliver them and pick them back up in person. Not to mention the cost savings from shipping and insurance.