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 Replies: 46 / Views: 19,461 |
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Pillar of the Community
United States
851 Posts |
How much does a grader earn? There aren't that many graders for PCGS and they sure grade a lot of coins. What kind of degree is required? 
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Bedrock of the Community
United States
19951 Posts |
Good question, I would guess $200k+ per year.
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Pillar of the Community
 United States
851 Posts |
Honestly?! If so that's amazing.
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Moderator
 United States
16679 Posts |
I've heard ranges of 175K-300K for the senior graders. Extensive Numismatic knowledge as well as giving up any and all outside activity in the coin market.
swcoin.ecrater.com
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Bedrock of the Community
United States
19951 Posts |
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Honestly?! If so that's amazing.
Not really, it takes a lot of knowledge and experience to be a grader. It's a tough job! I know I couldn't sit there for 8 hours a day grading. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
851 Posts |
I don't understand Vermontesium?
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Bedrock of the Community
United States
12437 Posts |
If a dealer becomes a coin grader for one of the top firms, he has to give up coin dealing activity because it is seen as a conflict of interest. High end dealers make good money so you have to compensate accordingly to offset income lost from giving up the sales side.
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Moderator
United States
16679 Posts |
Well said biokemist! College degree? I honestly don't know. Why one would be required is beyond me. A B.S. in Psychology should improve your grading skills :-)
swcoin.ecrater.com
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Locked
822 Posts |
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If a dealer becomes a coin grader for one of the top firms, he has to give up coin dealing activity because it is seen as a conflict of interest. I beg to differ. Fred Weinberg works for PCGS and he's a very active dealer here and here. He's the one that rejected the infamous 72 silver quarter as "undetermined" which is just not right. What if whoever smuggled that in and did it made 2 of them and FW has the other one? "undetermined" then preserves value on his. I'm certainly not accusing, but it sure is a conflict of interest if you ask me. Edited by scubu
02/08/2010 9:02 pm
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Moderator
United States
16679 Posts |
scubu, I don't believe Fred Weinberg is a grader. He helps authenticate and attribute errors and varieties. I can see where you are coming from with the issue of conflict of interest though.
swcoin.ecrater.com
Edited by vermontensium
02/08/2010 9:03 pm
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Locked
822 Posts |
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scubu, I don't believe Fred Weinberg is a grader. He helps authenticate and attribute errors and varieties. Well you can split hairs if you want, but the fact of the matter is he's likely the world's premier error dealer and can reject any error coin that comes through PCGS's doors if he wants to. If the guy that decides whether or not they even see a grader can reject them, might as well let the graders be dealers. Edited by scubu
02/08/2010 9:19 pm
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Pillar of the Community
United States
851 Posts |
You can still own a very expensive collection though right? I guess that's a stupid question.  |
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Bedrock of the Community
United States
20753 Posts |
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scubu, I don't believe Fred Weinberg is a grader. He helps authenticate and attribute errors and varieties. I can see where you are coming from with the issue of conflict of interest though.
As noted this appears to be one of those sort of, maybe, could, should type items. I wonder if there is a way of finding out the rules of TPGS employees? I know their salaries are possibly none of anyone buisness though, but I wonder about the rules of the trade. We could probably just contact PCGS for this info, but does that mean that all of the TPGS's are bound by the same rules, regulations, procedures? I doubt that. Can they be a dealer? Can they have their own personal collections? If they are salaried by a TPGS, are they bound by some rules that if they produce a book, the proceeds go to the TPGS? |
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Locked
822 Posts |
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I know their salaries are possibly none of anyone business though They are a publicly traded company, you can find out if you really want to. |
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Pillar of the Community
United States
851 Posts |
I'm gonna ask them tonight!
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Moderator
United States
16679 Posts |
I'm sure there is a way of finding out. If you are ever at one of the larger shows such as Long Beach or FUN for example, I'm sure you can ask one of the graders. I don't think they would have a reason not to let you know. I've spoken to many PCGS graders and they seem fairly cordial.
swcoin.ecrater.com
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Replies: 46 / Views: 19,461 |
Posted 02/08/2010 7:13 pm
