Home U.S. Coin Forum

PCGS buyback info?

Has PCGS ever released figures on how many coins they've had to "repurchase"?, and if so, were any reasons given?
Cam-Slam 2-6-04
3 "DAMMIT BOYS"
4 "YOU SUCKS"
Numerous POTD (But NONE officially recognized)
Seated Halves are my specialty !
Seated Half set by date/mm COMPLETE !
Seated Half set by WB# - 289 down / 31 to go !!!!!
(1) "Smoebody smack him" from CornCobWipe !
IN MEMORY OF THE CUOF image

Comments

  • krankykranky Posts: 8,709 ✭✭✭
    Scott Travers wrote in one of his books that PCGS bought back an average of $50,000 worth of coins a month. That was a few years ago.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • RussRuss Posts: 48,514 ✭✭✭
    I believe that David Hall indicated a number of between $15K and $20K per month.

    Russ, NCNE
  • gmarguligmarguli Posts: 2,225 ✭✭
    I thought Hall said $100-150K a year.

    That $50K a month figure might have been during the time PCGS had to bend over for grading a lot of generic coins a little too loose.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file