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PCGS volumes

Does anyone know how many Coins PCGS grades per month on average.


  • P0CKETCHANGEP0CKETCHANGE Posts: 2,039 ✭✭✭✭✭

    Glanced at a couple of their old earnings call transcripts from 2020 when they were still public under the CLCT ticker. They certified ~5m collectibles in 2019 across their business lines. 98% of that is cards & coins/notes. Cards (PSA) is 60% of their business, so that’s 3m annually for PSA and 2m for PCGS, which is about 172k/mo. Add a growth modifier to that if you believe their coin business has gotten larger since 2019—at 20% growth they’d be slightly over 200k/mo. Their employee count (as per LinkedIn) has more than doubled since then so perhaps the rate of growth is much greater.

    Nothing is as expensive as free money.

  • P0CKETCHANGEP0CKETCHANGE Posts: 2,039 ✭✭✭✭✭

    That…was a lot easier than doing early morning math.

    So I was pretty close (221k coins last 30 days) though.

    That begs the question, if the coin business grew ~30% over two years yet they more than doubled their staff, what are all those folks doing? Is the majority of growth on the sports card side of the business?

    Nothing is as expensive as free money.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I did not realize the sports card business was larger than the coin business. Actually, never even thought about it. Interesting that so many collect cards - did not realize this. Cheers, RickO

  • rkprkp Posts: 430 ✭✭✭

    For those that are unaware, their card business has absolutely EXPLODED. In fact, it was this side of the business that primarily attracted Nat Turner and co to take the business private and buy it out at a relatively high premium.

    PSA graded over 1 million cards last month (September 2022) alone. They had such a huge backlog >1 year wait time that they had to stop accepting cards at any level less than I believe $500 or so/card for about 1.5 years. The card market has recently slowed down in the past couple months but still going pretty strong.

  • Glen2022Glen2022 Posts: 804 ✭✭✭✭

    I wish my mother did not throw out my baseball cards when I left for college in 1963.

  • jt88jt88 Posts: 2,706 ✭✭✭✭✭

    Does anyone has the statistics for 2018 or before so we can compare with now that 210k a month? Is PCGS is still receiving many orders after more than two years boom.

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited October 20, 2022 9:58AM

    @jt88 said:
    Does anyone has the statistics for 2018 or before so we can compare with now that 210k a month? Is PCGS is still receiving many orders after more than two years boom.

    if you don't get an easy answer (nothing comes to mind) you can find the dates when they crossed certain thresholds and just divvy up the math to the amount of months between each milestone. fwiw

    edited to add:

    to be fair, i'm not positive if those celebratory milestones were for coins or all collectables. - the news feed could be a good place to search.

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  • jt88jt88 Posts: 2,706 ✭✭✭✭✭

    This can give us more information.

  • jt88jt88 Posts: 2,706 ✭✭✭✭✭
    edited October 20, 2022 12:45PM

    So from 2018, 2,792,800 coins / 12 is about 232,733 a month. Past 30 days is 221,192. Why is the long turn around time since it graded the same amount of the coins per month?

  • jt88jt88 Posts: 2,706 ✭✭✭✭✭

    Sorry, I got it. Since they can only grade certain amount of coins per month so most of the coins are just sit on the storage room waiting in line.

  • jt88jt88 Posts: 2,706 ✭✭✭✭✭

    So PCGS pretty much graded the same amount of coins now and 5 years ago. With coin vulume boom since they can't grade more coins per month therefore the long turn around time.

  • WCCWCC Posts: 2,184 ✭✭✭✭✭

    I presume it's not just the volume but the distribution between NCLT (bullion) and others.

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