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ASE/AGE V75 submission questions
Batman23
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I have not submitted coins for years now and when I did submit most were not moderns under the regular option. I just looked over a submission form and I see there is modern under $300 and modern gold under $2,500. I recall that you can't select multiple options on one submission. Neither option seem to fit the value of these coins. There is regular but it also has a max value at $2,500. So does this only leave Express or Rarities as the only options? Then First Strike is an additional $18 per coin.
So what are you guys doing? Are you submitting gold and silver together or on separate forms? What service level are you using? Over $200 to submit one gold and one silver modern seems a bit steep...
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with the gold "express" is the only option because of the value of the coin. shipped mine this morning. it was $129 total with first strike added. It is not cheap but the enhanced value to having it graded and housed in a PCGS holder seems worth it to me. I didn't get a silver one but if I do I will have it slabbed also for the same reason.
So I am on the right track. If you had an AGE and an ASE you would likely send both under express because you can't choose two service types on one form and the separate form/fees will easily surpass the difference between express and regular?
"Express" - Max Coin Value = $10,000.00; Grading Fee = $65.00
"Regular" - Max Coin Value = $2,500.00; Grading Fee = $35.00
AGE (20XE) - conservatively ~$10,000.00 - have to choose "Express"
ASE (20XF) - ~ $750.00 - could choose "Regular", or "Express"
Case #1 - One Submission Form (Both Coins "Express")
(2 coins x "Express") + (1 x Handling Fee) = (2 x $65.00) + (1 x $10.00) = $140.00
Case #2 - Two Submission Forms (AGE = "Express"; ASE = "Regular")
(1 coin x "Express") + (1 coin x "Regular") + (2 x Handling Fee) = (1 x $65.00) + (1 x $35.00) + (2 x $10.00) = $120.00
Note - these figures do NOT include any 'add-on services' (e.g., FS, TrueView, etc.).
It's close, but the two form option is slightly less.
As an aside, if you are going to submit, you might want to consider the "V75" special label. Currently top row, center at https://www.pcgs.com/labels
@MetroD When you factor in the return shipping I think that evens things out for price difference.
Thanks for pointing out the V75 label option.
I just looked at the standard 2020-W proof silver eagle and I see almost 150 different coin numbers and label options! I think this is getting a little carried away...
Oops. You are correct. I incorrectly ASSumed that you could combine both 'orders/forms' into one return shipment.
With the correct return shipping information, the two options are essentially the same cost.
Thanks for teaching me something.
Where are you getting your values from?
The AGE (20XE) cost $2600 send it Modern Gold Fee $30.00
The AGE (20XF) cost $83 send it Modern Fee $16.00
The cost from the Mint is $2,600.00 and $83.00, respectively.
When I submit to PCGS, I try my best to 'determine/declare' a current market value, and use this figure to select the associated service level. I do this, primarily, for insurance reasons in the event of a loss.
In this case, the current market value >> the issue price. The $10,000.00 and $750.00, respectively, were simply my best guesses at current market values.
Reference: https://www.coinworld.com/news/us-coins/secondary-market-prices-soar-for-sold-out-american-eagles
Then you don't understand how insurance works. They will not pay you more than you can prove you paid for the coin. These coins are not listed in the PCGS price guide. You can not collect speculative value for the coin. Your reference is not valid as coinworld neither buys coins nor sells. Honestly do you think the grader are going to drop your coin down the drain?
Have you not checked eBay for this. They are selling for $14,000. I think pcgs would probably grade these items at the levels you mentioned since they graded the ASE enhanced proof at the modern level last year even though it was selling for up to $2,000 at the time. But putting a declared value of $15,000 on the outbound shipping may look a little suspect when you are claiming modern/regular tier on the grading.
And insurance won’t only give you what you pay. They will pay replacement value/current value.
"Then you don't understand how insurance works. They will not pay you more than you can prove you paid for the coin."
"Insurance for loss or damage [...] within the amount covered by the fee paid [...] is payable for the following: Article’s actual value when mailed."
Reference: USPS Domestic Mail Manual, Section 609, Sub-Section 4.1.a at https://pe.usps.com/text/dmm300/609.htm
I interpret this to mean current market value when mailed, not what I paid for it.
"These coins are not listed in the PCGS price guide. You can not collect speculative value for the coin. Your reference is not valid as coinworld neither buys coins nor sells."
You are correct, but eBay facilitates actual transactions. The CoinWorld article references completed eBay sales figures (i.e., current market values).
"Honestly do you think the grader are going to drop your coin down the drain?"
No. Never had a problem with PCGS, nor do I expect to in the future. The insurance is for the return shipping.
OK, not much varying input on this. Is no one sending these in for grading?
From what I see above...
Submit under modern gold based off issue price?
or
Submit under Express because of current value?
the max value for modern grading service is 2500. the v75 age sold for 2600. you must use express service for submission.
As an ANA member I take advantage of the opportunity to submit my coins 'across the street' and shipped my ASE off Saturday. Fingers crossed on a 70.
OK. I looked at the form again and I have many questions.
The special V75 label is an extra $10 per coin. But it is not compatible with "Gold Shield". But Express is Gold Shield. So does not mean that V75 label is not available for Express grading?
I see the ones listed on Ebay are V75 label with no gold shield. Were those graded under modern gold/silver instead of Express?
$18 for First Strike and $10 for a fancy label. $28 extra per coin is kind of steep for something that is really nothing...
I'm tempted to pull out my 12 year old submission forms, they were much simpler
Yeah I was reading that about the special labels. Way too confusing for what it is. I like the plain label anyway so doubt I’d get one.
you're right, I didn't see the option for the special label when ordering under the express/gold shield service. I did make a note under instructions though that I wanted the Iwo Jima label. Hopefully they will add that manually to the order. If not, I'm ok with the first strike gold shield label. It is a little confusing to someone like myself that doesn't usually get coins graded. Can't wait to see it when it comes back.
My two cents ...
"The special V75 label is an extra $10 per coin."
Check.
"But it is not compatible with "Gold Shield"."
Check.
"But Express is Gold Shield."
At $65.00, the "Express" service level includes the $5.00 per coin "Gold Shield" fee.
"So does not mean that V75 label is not available for Express grading?"
I believe that it means that you forgo the "Gold Shield" features if you opt for "Express" service and the special V75 label.
"I see the ones listed on Ebay are V75 label with no gold shield. Were those graded under modern gold/silver instead of Express?"
Likely. That said, "Modern Gold" has a "max coin value" of $2,500.00. On a 20XE, I would personally opt for the "Express" level as it provides a higher max insurance amount, both at PCGS and for the return shipping (i.e., $10,000.00). Notwithstanding my aversion to risk and resultant preferences, this is your submission, and it is your call.
"$18 for First Strike and $10 for a fancy label. $28 extra per coin is kind of steep for something that is really nothing..."
This is a value judgement that each submitter will have to make for themselves. Some, like me, feel that it is worth it. Others will not.
Is it ok to send it in its plastic capsule if I opened the mint box? I was trying to save them to have to ship that stuff back to me but now I’m reading that they don’t accept acrylic capsules. Am I going to need to move the coin into a Mylar flip, or have you had luck mailing mint capsules in? Without the box being sealed.
I asked the same question and was told they do accept the airtight capsule for submission
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Oh good. Thank you!! I’m like I’m not moving that coin haha. I’d just live with it not graded.
My understanding is that mint plastic capsules are acceptable. I would not want to to slide a mirror proof into a mylar flip. I just hope they send the capsules back to me.
Thanks. And they will return packaging. When I sent the enhanced reverse proof in last year I put on the form to return all original government packaging and it was all nicely put in the pcgs slab box, with the graded coin. So hopefully this is the same, but I don’t see why not. The whole thing moves down the line together with your forms and coins, etc.
I have done this in the past, and encountered no issues.
I have encountered issues with this, even when I ask them to return the OGP. I have taken to specifically asking for the capsule to be returned on the submission form. For example: "Please return all original government packaging, including the capsule."
Cool. Thanks!
Just in case anyone has outstanding submission questions ...
https://www.pcgs.com/v75
Ok another stupid question. If you are sending them in, mint capsule only, how are you labeling them? The capsules won’t fit in a flip. Maybe I should just tape bubble wrap around the capsules and number that?
Not saying that it is for everyone, but for a capsule that will not fit in a flip due to size ...
I normally fashion an appropriately sized bubble wrap 'envelope' using tape. I then insert the capsule into the 'envelope', and then affix the label to the exterior.
In reality, fairly similar to what you were proposing.
Good luck with your submission.
Yeah good idea. Thank you again!
I got mine to fit in a flip, tight but it went in.
Yeah maybe I should have. It seems really right. Especially for the silver. Oh well. I packed it pretty well I think.
Do you think it's worth getting the V75 AGE graded now or keeping it in mint packaging? I think a wealthy collector would want the the mint packaging.
I’d get it graded, especially the gold. Wasn’t sure about the silver being worth it but ended up sending it in too. You can either keep the mint packaging before sending it in or send it in sealed box and ask to get the packaging back. So your not really losing out on anything.
I think the Wealthy collect> @goldenboy101 said:
I want a PR70 in a holder and I'll keep the packaging elsewhere. But many may prefer to keep raw in the mint packaging. It is all personal preference.
But what if you send it in and it comes back non DCAM or grade <70? You would've been better off keeping it sealed.
And there inlies the gamble. Some get 70s, some get less than 70s. I have yet to score a 70 on a submission so I am hoping for the best. If you can't risk getting a 69 or if you don't care if it is graded or not then you probably should keep it as is.
As far as I was concerned I was not going to risk selling the gold in a sealed box. So it was going to get open either way. The silver, yes that was a gamble, but it’s fun.