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 Replies: 11 / Views: 1,203 |
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Pillar of the Community
United States
984 Posts |
I have been rolling this question around in my head for a while. Are you an active submitter? It's a marathon for sure, not a sprint. Waiting 50 to 60 working days has made me lose interest to some degree. Everyone on the forum discourages it for the most part. Wasting money or buy it already slabbed. It takes many years to be knowledgeable and be sure you know what you're doing before starting to submit. Every last statement is very sound advice. The firsthand learning experiences cannot be underestimated. When the pocketbook is affected, you tend to pay attention. The board has opened my eyes to many things (whole lot actually). My only defense is the fact that to complete a set of your own personally submitted coins has to start with submitting them. I must admit that some will have to be purchased already slabbed. Let me know if you submit from time to time
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Pillar of the Community
Canada
2781 Posts |
I collected for 10+ years before I sent anything to a TPG. I sent in 50 of my top pieces (out of maybe 600 coins). I was slightly off on several grades (way off on 2) so agree, it takes a while to "get it". Most of the rest will go into safflips, some in aftermarket slabs so they can be stored together with TPG's friends. My point is, TPG is beneficial if you are buying/selling online or like myself, for estate purposes (I had the important stabbed to make it easier for whoever gets the collection to sell). This will likely be the only time I pay someone else for an opinion. And if you think 60 days is bad... entry level service tier is about a year. |
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Bedrock of the Community
United States
94367 Posts |
I sent a large batch of notes to PMG on December 9, still no reply after nearly 5 months
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Bedrock of the Community
 United States
18663 Posts |
i dont slab. I guess because I'm an old school collector. not only do I rely on my grading skills but I want to see all of them in an album side by side to admire. I did grade a handful of some of my better pieces in anticipation of selling them more than half came back not even close what I was expecting
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Pillar of the Community
United States
7276 Posts |
I'm total I slabbed 24 coins and 5 came back tip of class (ms69 Lincoln cents and a proof westward series nickel). Other than those I slabbed several IHC as my LCS gave me a great price on them. The grades I got for the IHC were on average lower than I expected. So yes I agree use it as a learning lesson, but don't slab just to slab. I currently have an IHC at NGC and it's over a month with no updates. |
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Pillar of the Community
 United States
984 Posts |
Quote:
I sent a large batch of notes to PMG on December 9, still no reply after nearly 5 months Is that normal? A collector better start early in life to finish a collection.. or as everyone says buy it already slabbed. |
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Pillar of the Community
United States
3469 Posts |
Did they at least acknowledge receiving the shipment, Coinfrog?
Edited by nfine
05/07/2022 3:18 pm
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Pillar of the Community
United States
883 Posts |
Have never submitted anything except on this forum which I find to be just as good for personal validation. I do own some slabbed ones, but I bought them that way. If I had money to burn or ever decided to sell on ebay, I might. I do understand those who want registered sets and commercial grading is just the cost of doing that - just another facet of the hobby. Edited by PlumCrazy814
05/07/2022 3:39 pm
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Pillar of the Community
United States
984 Posts |
Quote:
i dont slab. I guess because I'm an old school collector. not only do I rely on my grading skills but I want to see all of them in an album side by side to admire. I did grade a handful of some of my better pieces in anticipation of selling them more than half came back not even close what I was expecting I guess I want the best of both worlds. I love to look at them. So I created an album (actually several that are just like a baseball card album. The slabs slide in the baseball card slots. I learned quickly as others have stated (don't slab just to slab) (hfjacinto). My first few submissions taught me a lot in addition to a whole lot of studying. Many think I submit all the time (not true). I am working my way through the years. I do listen to hfjacinto, coinfrog, BadThad, TBop, panzaldi. KY, and several others and look at their comments Question to all seasoned collectors. I always hear not to submit unless the coin is minimum 150 dollar value. Do you guys mean 150$ before submitting or hoping the grade returns a value over 150$. I am sure you guys mean before submitting. I truly believe I learned how to get at least a ms-66 (of course I reset my target). Your point of submitting common date coins is pointless, does not fall on deaf ears by the way. Wade just stated some submissions are for estate purposes (that's what I wanted to say for awhile but couldn't think of the right thing to say) . I could not shake the thought of my older wheats being given away for pennies on the dollar. Although my collection is small it's growing. I thought most you had your fill of submitting. It's mostly a losing game. Thanks for responding.. |
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Pillar of the Community
United States
1361 Posts |
I have 3 subs at PCGS right now...119 Lincoln Cents total...it is a waiting game for sure these days
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Bedrock of the Community
United States
19949 Posts |
Quote:
Question to all seasoned collectors. I always hear not to submit unless the coin is minimum 150 dollar value. The $150 applies before (at least in your opinion) and after - considering the submission costs and your time and trouble. Therein lies the huge risk with memorial cents. You can potentially end-up with a $3 coin in a slab. I've seen lots of slabbed memorials with <$10 price. Nothing sucks worse for the original submitter. LOL Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
Russian Federation
1557 Posts |
I am in a situation where sending to TPG is impossible or almost impossible for me. I usually just buy coins that are already in TPG. It's cheaper and faster for me. I think these are huge risks for the client if he wants to get a good valuation and sell for many, many dollars. Am I right in assuming that if a coin that has recently entered circulation has not received MS70, PF70, then it is always a loss of money? My opinion is this: if you want to sell something, try it, but be prepared for financial losses, and if for yourself, then go ahead. Good luck. But still I'm on the side of TPG. It's easier for me. I do not think about how to store the coin, since it is protected from physical impact and I hope from chemical too. What is her condition, since the experts evaluated her for me. I hope collectors of the old school will forgive me and not throw tomatoes at me, I'm sorry, but I'm a collector of the new school) |
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Replies: 11 / Views: 1,203 |
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Posted 05/07/2022 11:15 am
