Best Of

Hope it booms.

Why the coin show haters?

Be positive

Why does the silver COA state "170 of 230"? Weren't there 1794 privy mark coins? It appears to me that someone made something up on their own.

@logger7 said:
AU53 is a controversial grade, many long-term pros in this field have told me a coin should either be a 50 or 55, but I can see the need for a compromise grade. Fully original, attractive and crusty, it should be 55 all day long.

I agree. I would put this coin up against most P55CAC CBH's out there.

@NJCoin said:

@ProofCollection said:

@NJCoin said:
Because there is no significant market premium for one of the Big 3 services over another in moderns, so I don't believe bulk submitters would pay more for one service over another. Until @HeatherBoyd stepped up, no one benefiting from PCGS minimum 70 submissions even acknowledged it was a thing.

I very much beg to differ. Most coins in a mint proof or unc set get a much better premium in a PCGS holder vs NGC. In fact, there are a few coins that I can sometimes win cheap enough, submit for crossover, and even with a ~50-70% cross success rate, re-sell on ebay with enough profit to make it worth it. So maybe not with FH medals, but PCGS certainly commands a premium in the modern coin space.

Edited to add: I have full confidence that @wondercoin knows what he's talking about here.

Agree to disagree. Modern examples of any recent issues are priced exactly the same, apples to apples, on any major dealer website for slabs from any of the Big 3, despite inherent bias here for PCGS.

People certainly have their preferences for one over another, and that might actually have some rationale with respect to some series of classic coins. But they all grade modern coins pretty loosely, with a majority of all coins coming back as 70. Premiums for one slab over another are not really justified, and really don't exist. People pay more for Advance Release than FDOI, and more for FDOI than First Strike. But not really more for any of NGC, PCGS or CACG over the others with recent moderns.

If you can make money turning a modern NGC 70 into a PCGS 70, more power to you, but that's not something major dealers even try to do. Because, for the most part, the market does not tolerate it. If I'm wrong, why is Pinehurst, as just one example, leaving money on the table?

It would take you 5 minutes on eBay to see that this is not true. PCGS 70s carry a premium to NGC 70s for most modern issues, although it's not always significant.

Large dealers do often have them priced the same on their website, however.

@pcgscacgold said:

@logger7 said:
AU53 is a controversial grade, many long-term pros in this field have told me a coin should either be a 50 or 55, but I can see the need for a compromise grade. Fully original, attractive and crusty, it should be 55 all day long.

I agree. I would put this coin up against most P55CAC CBH's out there.

I agree too. I really thought it was a 55. 53 is kind of absurd. I guess seeing it in hand could make a difference.

@jmlanzaf said:

@NJCoin said:

@jmlanzaf said:

@wondercoin said:
‘’And those who can specify a 70 minimum pay little or nothing for coins that don't make the grade’’

This is false.

Wondercoin.

They pay less...

We went back and forth on this a while ago in another thread. There is no "less," given how little they pay for moderns on a bulk submission.

My price ATS was $8, with a special label. "Less" was "$0" for coins that did not grade 70. Anything greater than that would not make sense, given I would only have been paying $8 in the first place.

I'll bet anything the Big Boys pay even less. I'm as wrong about this as I was about it being a thing in the first place, after you pointed to T&Cs saying minimum 70 grades were not a thing, and before @HeatherBoyd chimed in to confirm that certain submitters were indeed allowed to specify 70 as a minimum grande.

This is not a theoretical argument we need to engage in. I'm telling you it happened. At one of the big shows last summer (2023), either FUN or ANA.

I asked because I saw other people doing it. With the Morgan and Peace Dollars. I didn't do it because I did not have, and could not get, the 100 coins necessary to hit the minimum at the show. It's why Morgan and Peace 70s were so widely available, in 2023, at such reasonable prices. High 70 grading rates, and dirt cheap grading fees for quantity.

They generally charge a small fee for each reject. Are you really going to argue with Wondercoin who is a bulk submitter?

Yes, because I'm not imagining it. I'm also not saying it happened at PCGS, if that's the hair you and @wondercoin want to split.

All I'm saying is that all the grading services vigorously compete with each other in the modern space, including the great CACG, since it generates a TON of revenue for them. People speculated CACG wouldn't touch moderns, since they don't sticker them. We all saw how that went, given the economics of grading in 2024.

If NGC is offering bulk submitters pricing PCGS won't match, that would mean that PCGS's private equity overlords are leaving a lot of money on the table. Which I would not believe for a second, no matter who said it.

Because there is no significant market premium for one of the Big 3 services over another in moderns, so I don't believe bulk submitters would pay more for one service over another. Until @HeatherBoyd stepped up, no one benefiting from PCGS minimum 70 submissions even acknowledged it was a thing.

So, yes, I'll argue with @wondercoin. Maybe I know something he doesn't (very unlikely). Maybe I'm saying something he doesn't want people to know (possible). And finally, sure, maybe NGC offers terms and pricing PCGS doesn't match (also possible, but unlikely).

$8 per modern coin with a 100 coin minimum, with no charge for coins that don't grade 70. Believe it or not. Not false. True.

What's a "small fee for each rejection," when the grading fee is only $8 to begin with? $0.50? $2? Why?

I'm telling you, it was $0! I'm pretty sure you are thinking about what they do with classics, where the grading fees are much higher, and there is a lot of room to charge something nominal for a coin that is returned ungraded.

And, the $8 was the price offered to me. I'd guess large dealers receive even better pricing, although I obviously have absolutely no way to know that for sure, one way or the other.

Just common sense that 500, 1,000, or more coins would receive even better pricing than 100. It's a reason coins that retailed from the Mint in OGP at $90 were widely available in 70 slabs from all the major grading services last year for around $125 each.