What do you think of this salary level for grader?
jt88
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Why modern world coin grader make more than vintage? Isn't vintage more difficult to grade than modern? I am pretty sure it is out of day information.
Job Title Employer Salary
Ancient Coin Grader Certified Collectibles Group $38K-$64K
Modern World Coin Grader Certified Collectibles Group $45K-$72K
Vintage World Coin Grader Certified Collectibles Group $32K-$51K
Sports Card Grader Certified Collectibles Group $34K-$51K
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Maybe because modern is more demanding and they have to have a higher output of coins graded than older coins? 🤔 Just a thought...
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
That is interesting. So a Vintage/Sports Card grader makes between $16 and $25 an hour. Depending on where that company is located that doesn't sound like a lot.
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Yeah, probably out of date at this point. LOL.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
So that is at NGC, curious whether the salaries have changed since the buyout last year by Blackrock?
An employer can be more or less demanding on input. High pay would translate into high input.
From what I heard 20 or so years ago graders were paid six figures at the two main services.
I assume there are lots more hairs to split on moderns with people hoping for 70s.
...wait,, coin graders get paid...?!?
Depends on which state the grading service is located in.
As an example, even the top salary mentioned in California...
I used to know someone who graded moderns at one of the top tier services. Huge volume of coins, and he spent all day deciding what would be MS 67, MS 68 or MS 69. That would burn most people out in a hurry.
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That’s a lot less than I would have imagined.
Starting engineers make $100,000+
Starting salaries are one thing but after some years cost of living increases and raises most of the graders with any experience would make much more than what’s listed here.
Per month or annually? No one with such a skill would live anywhere near Newport Beach for $38k a year.
A couple things to consider... No state income tax in Florida and the cost of living is a bit lower, although Florida does seem to be in a mad rush to catch up with the Cali housing market.
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It's more than the numbers you found there but not enough to justify the move for me. I also make more than they offered buying and selling on my own so... Wasn't really workable. Really nice folks though.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
That is not a job that would interest me. I need action, challenges, opportunity.... None of which would be major ingredients in that profession. Cheers, RickO
With a salary like that turnover must be monumental.
I don’t put much stock in those figures. We’re did they come from?
Should these figures prove out, there should be no more confusion about why it is taking so long to get coins graded. After being in management for 50 years, I found that at low level wages, workers can only be expected of a certain production rate. In the transportation industry it was a goal to receive 70% productivity by all mechanics and many only achieved 60%. When some areas the minimum wage is $30k or $15/hr, do not try to get these people to bust their a**es daily. Isn't going to happen. If you do, suddenly a slow down in productivity occurs. Not saying this is across the board in all industries, but I would be willing to bet that it is. Give these highly qualified individuals a 25% raise and watch productivity. These talented people should be in the $60k+ wages as they are NOT easily replaceable. When your companies reputation in a service industry becomes suspect you are replaced as a reliable source. JMO
Jim
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Many graders only last about 2 years on average and these entry salaries are most likely for the kids they grab right out of college and send to the ANA seminars for grading training.
my confidence level has plummeted if this is even close
This appears very out of date.
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@jt88 Where did those salaries come from and how old are those numbers?
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Guessing from Glassdoor.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
I found on google. I don’t know how old those number are out of date
I personally would like to know if these salaries are even close to current rates. If so, my confidence level with grading companies has deteriorated with the level of the salaries.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
If these are from Glassdoor, which is where the numbers line up, this is only an estimate. The actual listing from NGC states "Salary to commensurate with experience and ability."
Glassdoor also states "To compute these estimates, we look at job-specific and company-specific attributes from the millions of salaries contributed by the Glassdoor community of users and employers plus other public and private data available to us."
Given that coin grading is such a subjective field, I would bet that these numbers are little more than guesses.
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I wouldn't trust Glassdoor estimates. A few days ago my current boss showed me a glassdoor posting for a job that I used to have at another company. The high end of their range was 20% lower than my 2013 salary at that company before bonus. Maybe Glassdoor can start providing similarly lowball estimates on values of coins that I can then use to negotiate future purchases.
Those salaries are terrible for the job and the knowledge and speed required.
These figures seem ridiculously low to me. Good graders would have no problem making much more money as buyers and dealers.
I live in the Bay Area. Your gonna need at least twice that to even think of getting a van by the river.
Best I can do is $1000 for that double eagle. Glassdoor said it’s worth 900 and I’m being nice 🤣
Kind of like teachers; If they were paid more we would all get better grades!
(ha ha - get it?)
Those salaries are crap compared to grading fees.
There is a top salary ceiling indicated which is not bad, but how many employers advertise fictitious high wages "possible" that are theoretical after making a lot of money for the company. You see the ad copy which is like an exercise in creative writing: "Become a team member of a premier company, fast paced work environment, literacy in all computer technologies, the sky is the limit for motivated business professionals." I wonder what happened to the six figure grader salaries?
Those numbers sound largely unrealistically low and they shouldn’t have any impact on peoples’ faith in the top tier grading companies.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think the OP already knew this. Those numbers defy common sense and I have no idea what his motive was posting them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Spoke with a PSA recruiter at the National Sports Card Convention earlier this month. They've got a 15 month back up on orders submitted during covid. So, they're adding more capacity and opening a new facility in Jersey City. I was told starting salary they're offering is $25 an hour for graders, they did get some sign ups, but not many. At $25 an hour the figure mentioned above seems about right.
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Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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What seniority level are these pay ranges for?
I just looked up a job listing for "Modern World Coin Grader" and only saw 2 job requirements which seems to indicate a fairly junior position as no years of experience was required.
As to how they are different I have no idea.
They probably have their own internal parameters for each.
I would think experience, performance, and expertise play a role in one making the high range.
Any chance that this can be deleted?
Experience the World through Numismatics...it's more than you can imagine.
much greater than $100,000 in some locations..........
Take those numbers and x them by 7-10
Maybe for a top tier finalizer with a decade of experience. But your average grader isn't making 6 figures, or is barely clearing it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Don't want to get into specifics, but back in 2005,6 I was inquired, and it was around 200k starting.
I am like someone mentioned above, I don't want to sit in a cube all day grading coins, much more fun waiting to see what comes thru the door, and if I want to go down and get a drink or leave store for a hamburger, I can.
The only negative, its the grading companies get to see coins I never see come thru here locally, but I can see them at shows.
let me rephrase this a little so we dont get into some misinformation. This was back during the time when they had the grading competition, I did well enough that it got the attention of somebody who approached me and asked if i would consider being a grader, I was not given a formal offer becuase, I wasn't intrested in moving for one, but I was told about the salary range, and basically how things worked, and what was expected. I didn't pursue any further, so I don't know any additional.
Also, i might add, if the current numbers are anywhere near these numbers, I am suprised they get anybody to do it in all honesty.
So you’re saying @jdimmick was offered much more than @DelawareDoons …. ? …. 😈
The market has changed a lot in the interim... There's a lot of younger guys out there that can grade well and don't have families to support. PCGS has a 25 (IIRC) year old Vintage US finalizer right now for example, who's been there 5 years.
I know a few graders. There's a reason they only stick around a couple years unless they get to finalizer fast. The money isn't great. The TPGs know that getting that line on your coin resume opens doors everywhere in the business and they take advantage of that big time. In that regard I think there's been a big shift in the way graders are viewed, and I think they're seen as more prospects to become finalizers (who are far more important and get the big $) than experts through and through themselves.
Instead of telling you what I was offered, let me tell you what I countered with. $115k. It was quite a bit over their ask but not excessive IMHO. It is what I needed to make it work in Sarasota, plus some juice to justify giving up my ability to make money off my skill. I'm sure for the right candidate walking in at near-finalizer levels, they'd take that in a heartbeat, but I guess they didn't think I was there.
"It's like God, Family, Country, except Sticker, Plastic, Coin."