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 Replies: 8 / Views: 1,052 |
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Pillar of the Community
 United States
6451 Posts |
TL;DR: can the experienced folks check my homework on my first PCGS submission? After some careful thought, I have decided to grade my bicentennial quarter DDO at PCGS. The coin seems to be mint state, and I can't have a $1000 coin sitting around in a flip, otherwise unprotected. Plus I just want to take the journey to the conclusion, regardless of grade. I took it down to the local PCGS authorized dealer. Nice guy. He recommended (to my surprise) that the right course of action was for me to join the PCGS Collector Club directly and use the grading voucher on the coin. So I am going to join PCGS, pack the quarter up, and send it to them. Advice on how to do that correctly—including their Byzantine paperwork—would be appreciated. |
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Bedrock of the Community
United States
19111 Posts |
This isn't directly on-point, but I had my bicentennial DDO handled by PCGS through a local coin shop owner. The result...  Edited by ijn1944
11/18/2024 3:51 pm
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Bedrock of the Community
United States
94367 Posts |
Not sure I'd join the PCGS club unless I planned to submit further coins over the next 12 months. Besides, I'd usually rather submit under a dealer's aegis than just my own name for a single coin. But if you're determined, it's easy to sign up for any of several tiers on their website.
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Pillar of the Community
 United States
6451 Posts |
Well, here's the thing. They are the only PCGS Authorized Dealer listed within 40 miles of here. The dealer didn't seem willing to submit the coin on my behalf. How much is it going to cost in gas and headaches to drive back and forth on two round trips? At least $30-40. Basic membership is $69, gold membership is $149 with four grading vouchers. Maybe my own hands are the best hands on this one.
IJN, one question I had was the percent value fee. Did PCGS assess you the 1% fee based on their price estimate?
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Bedrock of the Community
United States
19111 Posts |
The shop owner absorbed the cost--so I can't respond to that aspect. He wanted that example badly, so I sold it to him--for a tidy pile of cash and a XF45 1931 S Wheat cent. |
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Moderator
 United States
187565 Posts |
Quote: He wanted that example badly, so I sold it to him--for a tidy pile of cash and a XF45 1931 S Wheat cent.  |
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Pillar of the Community
United States
1502 Posts |
FWIW, if you only plan on doing a single submission (at least short term) I would suggest considering CAC to grade it.
CAC has a online Quick Submission form that is simple to navigate. They also charge a flat grading fee of $17 for your example - no value add-on.
Here is the kicker; they prorate the annual club fee ($99) based on a calendar year. So, if you join and submit in the next week or two you would pay less than $10 for the membership. Plus they would also include a prorated $50 credit for use with grading ($5 or so bucks in this example).
Just some food for thought.
I swing a metal detector and have a knack for finding dirty old coins. Dirt coin restoration projects - https://www.prodetecting.com/restorationsDirt coin restoration blog - https://www.prodetecting.com/blog/ccawDirt coin dig videos - https://www.youtube.com/@prodetecting |
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Bedrock of the Community
United States
94367 Posts |
Aren't PCGS-authorized dealers obligated to submit coins by definition?
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Pillar of the Community
United States
6451 Posts |
Coinfrog, that thought crossed my mind. But would you really want to force an unwilling dealer to submit a $500-3000 rare variety? That seems like begging for a problem.
DOCC, that's an interesting thought. However, I have to believe that the coin would be worth far more in a PCGS slab because it's a rare registry set coin. Maybe a green bean kicker if it grades mint state?
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Replies: 8 / Views: 1,052 |
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Posted 11/18/2024 3:38 pm
