Think of it this way: BY attending a show, PCGS is falling behind another week in turnaound time on regular submissions. That's causes regular submitters to submit elsewhere, decreasing income. They are simply trying to make attending the show cost-effective. Can't blame them for that.
I also can't blame them for scalping the crackout guys. It's just trading one scalp for another.
I dont see anything wrong with charging what the market will bare. (where is bear by the way?) I just hope courners are not cut and all quality control measures (on proper GRADING over turnaround times) remain intact or they will be shooting themselves in the foot.
The declaration argued that governments exist by and for the people with citizens obligated to overthrow a tyrannical government.
From what I've been told from dealers who ought to know, if you have a fairly expensive coin (over $1,500) and want a shot at an upgrade, you should submit it for same day service. It isn't going to happen if you send the coin in via economy service.
I would like Mr. Sherman to address the issue re how the creation of the new $200 tier will affect the $100 same day turnaround service which has been around for awhile. If enough of the $200 coins jump the queue, I wonder whether PCGS will still be able to meet the same day grading standard re the $100 tier coins.
Lastly, while NGC may charge $55 for same day service (I'll take JB at his word, as I do not know this firsthand), some series of coins are generally heavily discounted if they are in NGC slabs. This can be a problem if your are dealing with buyers of plastic -- of which there are many -- rather than buyers of coins.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Premium services exist everywhere and they exist because people are willing to pay them! Think flying is expensive? Flying in 1st class is even more so, but people pay it anyways. I think there would be grounds for complaining if the regular fee was being jacked up to $200 and there was no alternative. However since both tiers exist............................................................................................................................... who cares?
If folks have enough cash to spend 200 bucks on one hour grading, that's their problem...
Its nice to be a collector and use the standard service of 25 bucks plus postage & insurance. Sometimes the wait is frustreighting but pcgs is suffering from success which is in my opionion good for all of us that support them. They are busy because their service is the most in demand, I hope their success continues. 200 dollar coin grading is not for me, but if I ever found a coin raw at a show that was worth multiples of the asking price in the certified grade you think it might be, you might ask a dealer if you coud pay for the 200 dollar service in exchange for a return priveledge if it doesn't make it [just a thought] obviously this is mainly going to benefit dealers with a waiting customer who will only buy a certain coin if it slabs at the grade being claimed. While it's not for me I can certainly see those who might benefit by this, no different then the many classes of mail that get your package to you faster the more your willing to pay. If your coin is low value, if your coin is for you as a collector not looking to sell it you wouldn't need this level of service but why would it bother you if someone else did ???
Les
The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
<< <i>Lastly, while NGC may charge $55 for same day service >>
From NGC's web site:
<< <i>Modern $11 12 Working Days All US coins 1955 to date including Gold and Platinum Eagles. Five (5) coin minimum. No value limit.
Economy $15 21 Working Days Each coin valued at $300 or less. All non-gold US and all modern issue gold (minted 1980’s to date) under $300 per coin.Five (5) coin minimum.
Tokens $12* $18** 10 Working Days NGC accepts the following tokens: US Hard Times Tokens listed in the Low/Rulau reference Civil War Patriotic Tokens listed in the Fuld references Civil War Store Cards listed in the Fuld references
GoldRush $20 5 Working Days All dates for $5-$10-$20 Liberty; $10 Indian, $20 Saint Gaudens. Maximum value $1,000 U.S. gold. Five (5) coin minimum.
Specialty Gold $24 5 Working Days For all $1 Gold, $2.5 Gold, $5 Indian Gold and all better date US Gold. Maximum value per coin is $1000. Five (5) coin minimum.
EarlyBird $28 12 Working Days U.S. coins valued at $3,000 or less.
Express $50 48 Hours U.S. coins valued at $10,000 or less.
WalkThrough $125 Same Day Service All U.S. coins >>
I can see demand from dealers for a onsite immediate turnaround, particularly for higher caliber coins, but as far as I am concerned, I have no problem waiting a month for my coins to come back, and sometimes two months. I am in no hurry.
They are busy because their service is the most in demand, I hope their success continues.
absolutely correct Les, and further more what JB states (sorry Jason trully MHO and many others) that his 90% goes to NGC just proves why many others myself included will not buy NGC period. PCGS is a superior service period - we all know the faults - that considered I will still stick it out with PCGS. It is THAT obvious in Merc's and I'll stay outta the other series. JMHO
This reminds me of what I hear someone say at the post office one day:
Clerk: "How would you like this letter to be sent?"
Patron: "Overnight for a 37 cents stamp, the way an 8 cents stamp used to."
I think before adding more tiers of service they should consider that many people do all they can do to get to a major show just for one day. If they pay premium $$$ for a walk-thru or even a few $ for a reholder, it should all be done in one day.
<< <i>Lastly, while NGC may charge $55 for same day service >>
From NGC's web site:
<< <i>Modern $11 12 Working Days All US coins 1955 to date including Gold and Platinum Eagles. Five (5) coin minimum. No value limit.
Economy $15 21 Working Days Each coin valued at $300 or less. All non-gold US and all modern issue gold (minted 1980’s to date) under $300 per coin.Five (5) coin minimum.
Tokens $12* $18** 10 Working Days NGC accepts the following tokens: US Hard Times Tokens listed in the Low/Rulau reference Civil War Patriotic Tokens listed in the Fuld references Civil War Store Cards listed in the Fuld references
GoldRush $20 5 Working Days All dates for $5-$10-$20 Liberty; $10 Indian, $20 Saint Gaudens. Maximum value $1,000 U.S. gold. Five (5) coin minimum.
Specialty Gold $24 5 Working Days For all $1 Gold, $2.5 Gold, $5 Indian Gold and all better date US Gold. Maximum value per coin is $1000. Five (5) coin minimum.
EarlyBird $28 12 Working Days U.S. coins valued at $3,000 or less.
Express $50 48 Hours U.S. coins valued at $10,000 or less.
WalkThrough $125 Same Day Service All U.S. coins >>
Russ, NCNE >>
Russ, read NGC's ads for the show. They stated $55 (or maybe $65, since I don't have it in front of me) for the show just as Jason has stated. Authorized dealers probably have a different set of services too (they certainly do at PCGS which is why I never submit myself)
Collector and Researcher of Liberty Head Nickels. ANA LM-6053
stman seys: I guess the dealers dipping coins in the restrooms will need to "Cut the dip" more with tap water to make up for the increased fees. I hear jewel luster is going up as well.
Uh-oh! Cutting jbsteven's profits. Maybe he won't dip anymore old rattlers.
Change that we can believe in is that change which is 90% silver.
ok..lemme see..i got 14 decent crackout candidates..3 of 'em are lock upgrades..$36.4K into 'em..now i gotta figure the plastic fees at the show too..if i can just get that 65 $10. indian bumped an maybe that proof morgan..and nuthin' gets downgraded i should come out ok..then i can flip those two upgrades at the show and try the ones that dont upgrade later..is pcgs tight at this show..anyone hear??..my bud just tried 36 morgans and only 1 upgrade and 5 downgrades..damn..this crackout shlt gets harder every year..hows a respectable dealer sposed to make a living these days..and now 200.00 for super express service..damn
the hobby of dealing in collecting rare coins reduced to its lowest common denominator..courtesy of the grading services and the fools who live by them and whatever their opinion is at the moment
I have to say that I agree here with Russ. Who cares if they charge $200 if the $100 service still exists? And, more importantly, can you sell the coin graded by PCGS for more than the one graded by NGC? I think NGC is fine but I have also cracked nearly all my NGC coins and gotten them slabbed by PCGS. It's not just the PCGS optical plastic. PCGS has different standards (which I prefer) for Bust Halves than NGC in my opinion.
Perhaps this is really a larger problem about attitudes and the whole "I need this by yesterday mentality" that exist today. I remember life without fax machines, cell phones and all the crap that people can't seem to live without today. This issue of "I have to have it now" really extends beyond coin collecting and it is sad to see this become such a driving force in this hobby that is suppost to be alittle escape from the day to day crap we all have to deal with. If crap is not acceptable on the forum, then just be thankful I am not expressing myself as Harry Truman would.
Experience the World through Numismatics...it's more than you can imagine.
jbsteven whines: please give it a rest on this. I got your point the last few times you posted this and will NEVER dip a Morgan from a rattler again. ok?
Dog97 growls: No way, coinkiller!
Change that we can believe in is that change which is 90% silver.
It expands the possibility of a late in the day submission with immediate results.
For that quite frankly, I wouldn't mind paying up to $300 if the coin is valuable enough so that I might not have to spend another night of hotels and meals away from my darling wife!
jamesfsm there's cracking & upgrade & whining thread by stevens on this board somewhere. He cracked that light brown textile toned MS66 1st gen holder Morg that K6AZ used to own, now it's in a new holder with the same old grade but BLAST WHITE! That's when everybody started calling him coinkiller.
Yes, Russ you may crack that. No great loss to numismatics there.
Change that we can believe in is that change which is 90% silver.
<< <i>jamesfsm there's cracking & upgrade & whining thread by stevens on this board somewhere >>
I don't mind taking a silly title you made up for me but at least get the facts straight. In no way did I whine about the coin that I cracked. I clearly stated I thought it would upgrade and it did not. I even reported that the coin did not upgrade instead of trying to hide if it upgraded or stayed the same.
Russ:
You want to try and find the thread and quote for us?
Comments
BY attending a show, PCGS is falling behind another week in turnaound time on regular submissions. That's causes regular submitters to submit elsewhere, decreasing income. They are simply trying to make attending the show cost-effective. Can't blame them for that.
I also can't blame them for scalping the crackout guys. It's just trading one scalp for another.
NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!!
Millions on WELFARE depend on you!
I just hope courners are not cut and all quality control measures (on proper GRADING over turnaround times) remain intact or they will be shooting themselves in the foot.
The declaration argued that governments exist by and for the people with citizens obligated to overthrow a tyrannical government.
I would like Mr. Sherman to address the issue re how the creation of the new $200 tier will affect the $100 same day turnaround service which has been around for awhile. If enough of the $200 coins jump the queue, I wonder whether PCGS will still be able to meet the same day grading standard re the $100 tier coins.
Lastly, while NGC may charge $55 for same day service (I'll take JB at his word, as I do not know this firsthand), some series of coins are generally heavily discounted if they are in NGC slabs. This can be a problem if your are dealing with buyers of plastic -- of which there are many -- rather than buyers of coins.
"Seu cabra da peste,
"Sou Mangueira......."
Premium services exist everywhere and they exist because people are willing to pay them! Think flying is expensive? Flying in 1st class is even more so, but people pay it anyways. I think there would be grounds for complaining if the regular fee was being jacked up to $200 and there was no alternative. However since both tiers exist............................................................................................................................... who cares?
If folks have enough cash to spend 200 bucks on one hour grading, that's their problem...
Les
<< <i>Lastly, while NGC may charge $55 for same day service >>
From NGC's web site:
<< <i>Modern $11 12 Working Days All US coins 1955 to date including Gold and Platinum Eagles. Five (5) coin minimum. No value limit.
Economy $15 21 Working Days Each coin valued at $300 or less. All non-gold US and all modern issue gold (minted 1980’s to date) under $300 per coin.Five (5) coin minimum.
Tokens $12*
$18** 10 Working Days NGC accepts the following tokens: US Hard Times Tokens listed in the Low/Rulau reference
Civil War Patriotic Tokens listed in the Fuld references
Civil War Store Cards listed in the Fuld references
GoldRush $20 5 Working Days All dates for $5-$10-$20 Liberty; $10 Indian, $20 Saint Gaudens. Maximum value $1,000 U.S. gold. Five (5) coin minimum.
Specialty Gold $24 5 Working Days For all $1 Gold, $2.5 Gold, $5 Indian Gold and all better date US Gold. Maximum value per coin is $1000. Five (5) coin minimum.
EarlyBird $28 12 Working Days U.S. coins valued at $3,000 or less.
Express $50 48 Hours U.S. coins valued at $10,000 or less.
WalkThrough $125 Same Day Service All U.S. coins >>
Russ, NCNE
absolutely correct Les, and further more what JB states (sorry Jason trully MHO and many others) that his 90% goes to NGC just proves why many others myself included will not buy NGC period. PCGS is a superior service period - we all know the faults - that considered I will still stick it out with PCGS. It is THAT obvious in Merc's and I'll stay outta the other series.
JMHO
Marc
This reminds me of what I hear someone say at the post office one day:
Clerk: "How would you like this letter to be sent?"
Patron: "Overnight for a 37 cents stamp, the way an 8 cents stamp used to."
I think before adding more tiers of service they should consider that many people do all they can do to get to a major show just
for one day. If they pay premium $$$ for a walk-thru or even a few $ for a reholder, it should all be done in one day.
<< <i>
<< <i>Lastly, while NGC may charge $55 for same day service >>
From NGC's web site:
<< <i>Modern $11 12 Working Days All US coins 1955 to date including Gold and Platinum Eagles. Five (5) coin minimum. No value limit.
Economy $15 21 Working Days Each coin valued at $300 or less. All non-gold US and all modern issue gold (minted 1980’s to date) under $300 per coin.Five (5) coin minimum.
Tokens $12*
$18** 10 Working Days NGC accepts the following tokens: US Hard Times Tokens listed in the Low/Rulau reference
Civil War Patriotic Tokens listed in the Fuld references
Civil War Store Cards listed in the Fuld references
GoldRush $20 5 Working Days All dates for $5-$10-$20 Liberty; $10 Indian, $20 Saint Gaudens. Maximum value $1,000 U.S. gold. Five (5) coin minimum.
Specialty Gold $24 5 Working Days For all $1 Gold, $2.5 Gold, $5 Indian Gold and all better date US Gold. Maximum value per coin is $1000. Five (5) coin minimum.
EarlyBird $28 12 Working Days U.S. coins valued at $3,000 or less.
Express $50 48 Hours U.S. coins valued at $10,000 or less.
WalkThrough $125 Same Day Service All U.S. coins >>
Russ, NCNE >>
Russ, read NGC's ads for the show. They stated $55 (or maybe $65, since I don't have it in front of me) for the show just as Jason has stated. Authorized dealers probably have a different set of services too (they certainly do at PCGS which is why I never submit myself)
That's for coins under $1500
<< <i>Russ, read NGC's ads for the show. They stated $55 (or maybe $65, since I don't have it in front of me) for the show >>
Ah, a show special at less than half the normal walk-thru price. That makes sense, NGC discounts by more than 50% and PCGS doubles the fee.
Russ, NCNE
maybe I should have been more clear on what I submit to NGC. Morgans
I can usually get the same prices for NGC graded Morgans at shows and Ebay compared to PCGS graded Morgans.
All of my Mercs go to PCGS.
<< <i>maybe I should have been more clear on what I submit to NGC. Morgans >>
Hey, me too! For toners there is a very small difference in market prices, and a HUGE difference in turnaround time.
Russ, NCNE
Hey, did you cheat on that $1,450 one?
BTW it is $100 for coins over $1500 at the show but you already knew that.
It used to be. Looking at dbldie55's post, did it go up?
<< <i>optical grade plastic >>
When are they going to start using it?
<< <i>
<< <i>optical grade plastic >>
When are they going to start using it?
Link
I know......I was just kidding.......
Uh-oh! Cutting jbsteven's profits. Maybe he won't dip anymore old rattlers.
please re-scan and let us see your credirt card infortmation
OK OK I was hoping I read that wrong - Morgans to NGC would make alot more sense - noted, your back in the OK column
On a 3rd note CONTRAGTULATIONS FOR STARTING A THREAD A FEW HRS AGO THAT HAS REACHED 75 SO FAST ON A QUIET TUESDAY
mARC
the hobby of dealing in collecting rare coins reduced to its lowest common denominator..courtesy of the grading services and the fools who live by them and whatever their opinion is at the moment
<< <i>Uh-oh! Cutting jbsteven's profits. Maybe he won't dip anymore old rattlers. >>
please give it a rest on this. I got your point the last few times you posted this and will NEVER dip a Morgan from a rattler again. ok?
thanks
Perhaps this is really a larger problem about attitudes and the whole "I need this by yesterday mentality" that exist today. I remember life without fax machines, cell phones and all the crap that people can't seem to live without today. This issue of "I have to have it now" really extends beyond coin collecting and it is sad to see this become such a driving force in this hobby that is suppost to be alittle escape from the day to day crap we all have to deal with. If crap is not acceptable on the forum, then just be thankful I am not expressing myself as Harry Truman would.
Experience the World through Numismatics...it's more than you can imagine.
Dog97 growls: No way, coinkiller!
Is it okay if I crack this one out and dip it?
Russ, NCNE
It expands the possibility of a late in the day submission with immediate results.
For that quite frankly, I wouldn't mind paying up to $300 if the coin is valuable enough so that I might not have to spend another night of hotels and meals away from my darling wife!
Russ, you might not wanna dip that; however, what you should do is, crack it out and spend it in a boardwalk arcade er sumthin'...
That's when everybody started calling him coinkiller.
Yes, Russ you may crack that. No great loss to numismatics there.
<< <i>Yes, Russ you may crack that. No great loss to numismatics there. >>
Like I didn't know that was coming.
Russ, NCNE
<< <i>jamesfsm there's cracking & upgrade & whining thread by stevens on this board somewhere >>
I don't mind taking a silly title you made up for me but at least get the facts straight. In no way did I whine about the coin that I cracked. I clearly stated I thought it would upgrade and it did not. I even reported that the coin did not upgrade instead of trying to hide if it upgraded or stayed the same.
Russ:
You want to try and find the thread and quote for us?
case closed.
nope not that one.
I think the coin in question was a 80 or 81 s. K6AZ was in the thread if that helps.
<< <i>Russ:
You want to try and find the thread and quote for us? >>
Hey! Don't try to drag me in to this flamefest. I'm just an innocent bystander.
Russ, NCNE
No search results were found back.
Sorry, man.
I was under the same impression both PCGS and NGC had the same problem in this regard.