Options
Some random thoughts about PCGS/NGC turnaround times and the abysmall outlook for all the rest: how
keets
Posts: 25,351 ✭✭✭✭✭
It seems to me that PCGS and NGC have both improved their turnaround times lately, especially PCGS where as recently as early 2006 things were very, very slow. My own recent experiences at PCGS going back to early 2007 have been startling: as little as about five days and a high of about three weeks during a Holiday!!! It seems that for me, orders are completed well within the stated time frame. Across the street things have generally always been quicker and haven't really changed, the difference now is that it's about the same turnaround for each of the two BigBoys. That's good for a submitter and really good for PCGS. During this same timeframe, it seems that NCS has started to get slow but today I had a few items show as finished after only two weeks. For arriving before Christmas and sitting during the Holidays and F.U.N. I'd say that's pretty quick.
Amazingly to me is that during a time when PCGS has improved their turnaround time and customer service related areas, with NGC remaining steady, the rest of the "Industry" has gone-to-hell-in-a-handbasket!!!! ANACS has moved twice/been sold/swapped their entire staff, ICG has taken a step or two back from wherever it is that they were, eBay has nuetered the rest and PCI is on the verge of vanishing. You'd think that submissions at PCGS and NGC would be so overloaded that things would be slowing to a snail's pace, but the exact opposite is the case.
Can anyone give some insight as to why this may be happening?? I would presume it could be any number of things but my hunch is that I'm wrong on all counts. Two of those hunches would be the addition of more graders or slackening of submissions. Does anyone else have an idea why things have changed, or comments about the last year or two. Thanks in advance.
Al H.
Amazingly to me is that during a time when PCGS has improved their turnaround time and customer service related areas, with NGC remaining steady, the rest of the "Industry" has gone-to-hell-in-a-handbasket!!!! ANACS has moved twice/been sold/swapped their entire staff, ICG has taken a step or two back from wherever it is that they were, eBay has nuetered the rest and PCI is on the verge of vanishing. You'd think that submissions at PCGS and NGC would be so overloaded that things would be slowing to a snail's pace, but the exact opposite is the case.
Can anyone give some insight as to why this may be happening?? I would presume it could be any number of things but my hunch is that I'm wrong on all counts. Two of those hunches would be the addition of more graders or slackening of submissions. Does anyone else have an idea why things have changed, or comments about the last year or two. Thanks in advance.
Al H.
0
Comments
Thanks for your thoughts but I think your thread may be off topic since I don't see anything that pertains to (1) Gold prices (2) Other precious metal prices (3) Religion (4) Saintguru's latest upgrade/score/fetish.
Instead, you are using the US Coin Forum to talk about.....*gasp* Things to do with coins and PCGS!!!!
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Al,
Thanks for your thoughts but I think your thread may be off topic since I don't see anything that pertains to (1) Gold prices (2) Other precious metal prices (3) Religion (4) Saintguru's latest upgrade/score/fetish.
Instead, you are using the US Coin Forum to talk about.....*gasp* Things to do with coins and PCGS!!!!
Current Approximate Turnaround Times
Economy Service: 20 - 30 business days
Modern Service: 20 - 30 business days
World Economy Service:35 business days
This is the longest turnaround time in a while & I don't see that as an improvement.
<< <i>Al,
Thanks for your thoughts but I think your thread may be off topic since I don't see anything that pertains to (1) Gold prices (2) Other precious metal prices (3) Religion (4) Saintguru's latest upgrade/score/fetish.
Instead, you are using the US Coin Forum to talk about.....*gasp* Things to do with coins and PCGS!!!!
SHHHHHHHHHHHHHHHHHH!!! Al is on the red carpet as we speak
Oh an Al, could it be that #3 on up is restructering with the hope of climbing above the #3 spot?
Go BIG or GO HOME. ©Bill
<< <i>PCGS
Current Approximate Turnaround Times
Economy Service: 20 - 30 business days
Modern Service: 20 - 30 business days
World Economy Service:35 business days
This is the longest turnaround time in a while & I don't see that as an improvement. >>
You were hoping for a market crash, didn't get it, and now this? Life isn't worth living anymore, is it?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>PCGS
Current Approximate Turnaround Times
Economy Service: 20 - 30 business days
Modern Service: 20 - 30 business days
World Economy Service:35 business days
This is the longest turnaround time in a while & I don't see that as an improvement. >>
although these times are longer than the recent past, these are lightening fast compared to a couple of years ago.
Perhaps there are fewer submissions than we think?
Maybe for all bullion submissions they just flip a "69/70 coin" to speed things up?
I definitely think that "we" (i.e. forum freaks like us) always have PCGS under a microscope, so we're bound to see things (or think we see things) that would indicate significant differences in their overall output.......when perhaps it's just for a few orders here and there.....a few out of a few thousand. Given how many coins go through PCGS each day, I'd bet the coins belonging to PCGS forum members are just a tiny, tiny portion.
During the peak of the 1989 coin market I remember turnaround times reaching and/or exceeding 120 days for regular submissions.
Even the 30 day express runs were getting out to 60 days plus.
roadrunner
I had 5 of 8 PCGS PQ coins DOWNGRADE at PCGS as crackouts (1 up)---so the idea of sending
in crossovers, crackouts and raw coins is a $ waste. I have well over 150 coins raw or in ANACS/NGC plastic
sitting around since I stopped submitting in late 2006. But they will never go to PCGS until they regrade their
own coins moderately consistantly, and new raw coins objectively.
I suggest many collectors are holding back coins too---perhaps until the CAC stupid paranoia/titeness ends at PCGS.
that is a perspective i hadn't considered, but one which bears some consideration.