Deal: PCGS Introduces $65 Onsite Grading Special at Long Beach Show

Goldbully · May 21, 2009 1:27PM

- May 21, 2009

In these tough economic times, we at PCGS are doing our share to stimulate numismatic activity.

We’re pleased to offer a new $65 Show Grading Special. This special is designed to make it more affordable for you to get your coins graded by PCGS while you are at the show. PCGS can raise the value of your coins to a whole new level.

$65 Coin Show Special parameters:

Special is valid for all coins (U.S. or World) valued up to $1,500
Minimum of 5 coins per submission
Valid for all submission types
All coins must be submitted at once
Cost - $65 per coin
Onsite grading
Estimated turnaround time 1 day
Available to PCGS Authorized Dealers and Collectors Club Members only
Take advantage of the $65 Coin Show Grading Special, and put the power of PCGS behind your coins.

PCGS Link

19Lyds · May 21, 2009 2:01PM

Damn! I knew I should have made reservations to go!

blu62vette · May 21, 2009 2:18PM

<< Damn! I knew I should have made reservations to go! >>

I'll take them for you!!

ArizonaJack · May 21, 2009 2:25PM

will this apply to icg, anacs, and ngc crossovers......on certain coins this could really be a gift.......wow instant pcgs coins

WTCG · May 21, 2009 2:36PM

Normally I don't like dwelling on the happenings of the past, but this "promotion" is a nice throwback to the good 'ol days of on-site grading. Only now if PCGS can do something about that stupid "handling fee"...

BECOKA · May 21, 2009 2:59PM

<< Normally I don't like dwelling on the happenings of the past, but this "promotion" is a nice throwback to the good 'ol days of on-site grading. Only now if PCGS can do something about that stupid "handling fee"... >>

I agree, I rarely have more than a couple coins for submission and that fee really adds a lot.

WTCG · May 21, 2009 3:52PM

<< 

<< Normally I don't like dwelling on the happenings of the past, but this "promotion" is a nice throwback to the good 'ol days of on-site grading. Only now if PCGS can do something about that stupid "handling fee"... >>

I agree, I rarely have more than a couple coins for submission and that fee really adds a lot.

>>

There is one major dealer who is also a high volume submitter and he estimates that if he sends the exact same number of coins for grading this year as he did last year, the "handling fee" increase of $3 over last year added with the minimum $6 shipping charge (that didn't exist last year) would cost him an extra $23000 in expenses. Talk about a few extra dollars out of the pocket.

DonWillis · May 21, 2009 4:11PM

This 'new' program is actually a throwback to 2003, when it was offered as well.

This applies to any type of submission - raw, regrade, or crossover .

PLUS - you can mix submission types under this service. Each submission type has to be on a seperate form, but as long as you are submittiog 5 of more coins IN TOTAL you qualify for the $65 service (and only one handling fee). Submissions have to be done all at once, so don't come back an hour later with 3 coins and try to add them. We won't do that.

This used to be a very popular service - don't ask me why we ever cancelled it. It's back!!!

BlindedByEgo · May 21, 2009 4:27PM

Sadly, my widgets wouldn't qualify to be wrapped in $65 plastic.

illini420 · May 21, 2009 4:35PM

Maybe I just don't get it, but how many folks out there have five coins or more that are worth $1500 or less that are really worth paying $65+ each to be graded in one day???? Unless someone is buying these coins really cheap, that sort of fee on that relatively low value of a coin would seem to really cut into a significant portion of the profit margin.

jhdfla · May 21, 2009 5:54PM

<< Maybe I just don't get it, but how many folks out there have five coins or more that are worth $1500 or less that are really worth paying $65+ each to be graded in one day???? Unless someone is buying these coins really cheap, that sort of fee on that relatively low value of a coin would seem to really cut into a significant portion of the profit margin. >>

I agree with you. Personally I would like to see it expanded to at least 5K or less.

WTCG · May 21, 2009 5:55PM

<< Maybe I just don't get it, but how many folks out there have five coins or more that are worth $1500 or less that are really worth paying $65+ each to be graded in one day???? Unless someone is buying these coins really cheap, that sort of fee on that relatively low value of a coin would seem to really cut into a significant portion of the profit margin. >>

Many dealers who submit coins on a consistent basis (myself included) will often times submit coins on the Express service tier coins that are worth considerably less than $1500. Although $65 is significantly more expensive than the cost of the Express service, the turnaround time is much shorter (24 hours vs. 1 week) and there is not a need to spend additional money and time on round trip shipping. There are certain coins of certain denominations in particular that are perfect for this service. The $65 cost for this service really is a great deal especially for coins that were intended to be submitted under the Express tier.

If my memory serves me right PCGS used to offer this service until they discontinued it sometime in 2004.

NGC has always provided almost the exact same on-site service for the same fee. For them that service has always been very popular and very profitable.

PerryHall · May 21, 2009 9:34PM

Sounds like submissions must be slowing down and they're trying to drum up some more business.

segoja · May 21, 2009 10:02PM

Awesome news!!!

RedTiger · May 21, 2009 11:41PM

<< Sounds like submissions must be slowing down and they're trying to drum up some more business. >>

Keep in mind the recent PCGS sponsored Las Vegas coin show where dealers each submitted 100+ coins at the $100 walk through rate. After that the number of walk through coins cued up for submission for this Long Beach would likely be down considerably.

ziggy29 · May 22, 2009 12:03AM

I can't imagine paying $65 to slab a coin worth less than $1,500. About the only time that makes sense, IMO, is that if you have a pending deal on the spot for a coin near the upper end of that limit, but the potential buyer demands it in a PCGS slab.

DonWillis · May 22, 2009 1:20AM

Thanks Wei for an insiders perspective.!

Goldbully · May 22, 2009 11:12AM

PCGS at May 2009 Long Beach Expo

- May 22, 2009

(Newport Beach, California) – Visitors to the Professional Coin Grading Service booth at the Long Beach, California Coin, Stamp & Collectibles Expo, May 28 – 30, 2009, will see the PCGS Grading Set and separate displays that include superb-quality, PCGS-certified Morgan dollars. They’ll also have the opportunity to personally meet with PCGS Co-Founder and Collectors Universe President, David Hall.

PCGS also will offer on-site authentication and grading services for collectors and dealers submitting coins for certification at the show including a $65 Show Grading Special for on-site grading. The $65 price is good for all coins (U.S. and world) valued up to $1,500 with a minimum submission of five coins. This special is available to PCGS Authorized Dealers and Collectors Club Members only. Customer Service representatives will be available at the booth (#807) to answer questions about products and services, and to accept submissions for all levels of service.

The extensive PCGS Grading Set will be displayed nearby (at tables #1228 and 1229).

Meet the Expert sessions with Hall will be held on Thursday and Friday, May 28 and 29, from 1 p.m. to 3 p.m. at the PCGS booth.

Visitors to the three-day show will also see both the “Gold River Morgan Dollars Set,” ranked number two on the PCGS Set Registry for date set circulation strikes, the “Wild West Collection,” a complete set of superb-grade Carson City dollars.

With a PCGS set rating of 66.607, highlights of the display include the finest known 1878-S and condition census 1886, 1897-S and 1899-O dollars, all graded PCGS MS-68.

Another featured exhibit, presented by Monaco Rare Coins of Newport Beach, California at booth #934, will showcase the “Wild West Collection” with some of the finest known Carson City dollars. The display will include an 1889-CC graded PCGS MS-68 and a rare branch mint proof 1893-CC NGC PF-67 Cameo, both formerly in the collections of Louis E. Eliasberg Sr. and Jack Lee.

For additional information about the show, visit online at www.LongBeachShow.com.

******************************************************************************

This 1889-CC Morgan does not look like an MS-68 in this image....what say you??

PCGS Link

coinkat · May 22, 2009 11:22AM

Terrific concept... I think $5K makes more sense for what is at stake here...

1. More submissions

2. economics- consider postage, insurance and time as well as the real value of the coin and 1500 just seems lite for what is trying to be accomplished here.

3. I believe it just may help attendance at LB

4. Including World coins is a great idea

Goldbully · June 4, 2009 10:40AM

It's now permanent!!!!

PCGS Link

DonWillis · June 4, 2009 10:52AM

I will watch this closely and make whatever adjustments we need. It started off well in LB and helped a lot of submitters take advantage of show grading who otherwise would not of.

Foxer · June 4, 2009 11:09AM

$65 makes sense. Glad to see that the price has become permanent.

I was considering having some coins graded on site at the Las Vegas show but the $100 per coin price turned me off.

Now i'm just wondering if I will have to wait in line to get them graded on site...

illini420 · June 4, 2009 11:21AM

Glad to hear you're sticking with it. $65 still seems like too much for me to have a $1500 or less coin graded. If that limit were maybe $3000 or so per coin, it would be much much more tempting.

Deal: PCGS Introduces $65 Onsite Grading Special at Long Beach Show

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