Should PCGS raise the price of grading moderns?

dbldie55

So many seem to be disturbed by ANACONDA's thread about breaking the forum into a Modern and a Classic version, it would seem they would also think that the price of grading should have no separate point either. Since PCGS isn't going to lower the cost of grading classics, I would assume many here would have no problem with them raising the price of slabbing clads.

nwcs

Let's see, who is in favor of raising gasoline prices? I think the prices should always go lower. And for classics, too.

fcloud

No. This new stuff is too high to grade now.

jeffnpcb

Crap, if they do anything, any coin prior to 1850 should be tripled and higher a classic only grader. Than we would see more attributions which would hopefully spill over to the rest of the coins, even clads and modern silver proofs!

rd5425

I think they should definately lower the prices of classics, $30 a coin for a silver member is a bit to high.

darktone

If anything they should be cheaper for the less expensive moderns as they don't use a full consenus grading team on them but rather one grader that is spot checked- at least this is the info I got. mike

bulloncoins

<< <i>...., if they do anything, any coin prior to 1850 should be tripled and higher a classic only grader. Than we would see more attributions which would hopefully spill over to the rest of the coins, even clads and modern silver proofs! >>



The hiring of specialized graders for classic coins only makes sense. I think it would go a long way to solving many of the problems we read about on this forum. The problem being,....who would qualify as being an expert,..... and who thinks they are an expert, but in reality does not qualify. At some point if you want more people to invest serious money into coins this issue has to be settled to the satisfaction of the majority of collectors and buyers alike, or PCGS's marketable reputation will diminish.

That being said....I would never put serious money into any coin without knowledge that this is exactly how PCGS grades these coins.

At this time I am under the impression that infact is NOT the case. Therefor I'll stick to my inexpensive moderns. I'll read your post...look at your coins and learn what I can. But until I am convinced otherwise......you'll never see me spending big money on anything older than I am.

cladking

Moderns are easier to grade since there isn't so much trouble with AT, doctoring,
counterfeits, bad surfaces, sliders, whizzed, etc, etc. Also since they are far less
expensive the "insurance" (grade gaurantee) isn't as expensive. Since they're hot
they can do more business in them and a lower price actually gets in more coins
because it lowers the threshhold of what's slabbable.

There are some other less apparent reasons to charge less for moderns. All things
considered maybe they can be even cheaper in the future.

dbldie55

Let's see, maximum value of a coin submitted for a $15 ($13.50) grading fee -- $300
Grading fee for a MS69 State quarter selling for $2,500+ $10.00 ($8.50)

Which has the greater risk if they need to pay out on the coin?

If the price was raised, they would have "fewer" submissions which would increase the turn around time (currently listed as being 50 days). This would lead to increased customer satisfaction. This would not lead to less revenue.

Should they charge based on value? A PR70 state quarter would cost $100 a coin, MS69 State Quarter $100 a coin. MS63 Jefferson Nickel $2 a coin.

FWIW, most liberals are in favor of raising the price of gasoline (only the money would not go to the oil companies).

mdwoods

Should they charge based on value? A PR70 state quarter would cost $100 a coin, MS69 State Quarter $100 a coin. MS63 Jefferson Nickel $2 a coin.

For every MS69 Quarter, there are a bunch slabbed that won't even sell for the 10 dollar modern fee. MS68 Quarters are not even big money makers, they are too common. On the plus side, nearly everyone, that wants one, can have a very nice inexpensive coin because of this. BTW, 2500 is high for a MS69 quarter with the pops the way they are now.