1000 coins a day?

oldshep

A dealer told me yesterday that each grader at PCGS is required to do 1000 coins a day! Thats about 2 minutes per coin, and that's without considering lunch or bathroom breaks.
Was my chain yanked or is this the production rate?

Shep

ksteelheader

Actually, that is 2.0833 coins per minute. And that is a lot.........Ken

dorkkarl

i believe that conflicts w/ the statistics provided by mr. hall

K S

MadMonk

Two coins per minute, wow! Talk about pressure. Seems impossible to have consistency, but that's from my perspective. I guess after a reasonable period of time, a person could get very good working that fast. I just don't know.

MadMonk

<< <i>i believe that conflicts w/ the statistics provided by mr. hall

K S >>



Karl, what did homerunhall say?

Russ

<< <i>Karl, what did homerunhall say? >>



He said 70,000 coins per month. Based on about 21 business days, that would be 3333 coins per day. If, at any given time, three of the graders are working the room, it could be in the 1000 coins per day, per grader range.

Russ, NCNE

dorkkarl

how many graders does pcgs have?

K S

oldshep

Man at $15 - $30 per coin, jeeze, I spent a lot of years in the wrong business.

Shep

ScarsdaleCoin

If you really think about it a grader should be able to review a coin fairly quickly...the exception would be coins that are "rare" where they get to see each day...If I remember correctly I was told by several graders that they were able to recognize certain high end coins because they were actually that "rare"

Russ

<< <i>Man at $15 - $30 per coin, jeeze, I spent a lot of years in the wrong business. >>



Yeah, the graders are getting rich since they get to keep all that.

Russ, NCNE

homerunhall

PCGS graders do between 800 and 1200 vintage (non-modern) coins a day. A grader can accurately determine the grade of the more frequently submitted coins...say Morgan dollars, Walking Liberty half dollars, generic gold...in less than 10 seconds. I sometimes get in trouble for telling the truth, but that's the truth...10 seconds or less for frequently submitted issues.

Tougher coins...Indian cents, early (pre-1840) coins, toned coins, etc...can take 30 to 60 seconds.

Sometimes coins get discussed...and the grading room might take 5 minutes or more on one important coin.

telecoin

David, I'd be happy to help you out. I would be willing to grade all of my submissions coins in advance and then all your poeple would have to do is slab them for me...

dorkkarl

mr. hall, your statistics imply that pcgs has only 3 graders (assuming f-t). is this true?

K S

dorkkarl

david-hall's thread

John Butler + Ron Howard + Miles Standish + Rick Stewart
= 4 graders
= 160 hours per day grading coins

70,000 coins per day / 21 days / 8 hours / 60 minutes
= 7 coins graded at PCGS per minute

each coin is supposed to be graded by 3 graders (consensus grading), so there is 1.3 teams of graders at PCGS (the other guys are finalizers)

so the statistic that someone else posted of about 2 coins per minute sounds right.

however, i'd think that on average, 30 seconds is plenty of time to spend grading a typical coin.

anyone check my numbers? (math was never my best subject)

K S

BAJJERFAN

So do any of the graders have that coin related disease: grader's wrist or grader's elbow or grader's contracture?

jonesy