PCGS just graded their 9 millionth coin...how many coins do you think they will have graded in 10 ye

ANACONDA

Do you think PCGS will start grading an ever increasing number of coins per year as time goes by or do you think they'll start grading less and less coins as time goes by because most of the coins worthy of being graded will have been graded?

I'll give my opinion sometime after the 10th person replies (if this thread lasts long enough before it sinks to the bottom and is lost forever).

adrian

kieferscoins

Submissions will remain steady as long as the coin market is healthy. new coins are always being made by the Mint and they will not run out of coins to slab.

Cameron Kiefer

TONEDDOLLARS

I feel that a small number of the best coins have been graded. I like to believe that there are still a lot of great coins to be made yet.

jbsteven

I figure they will grade 15-17 million coins in the next 10 years.

MadMonk

Adrian,
I would say that coins of the caliber that you sell have mostly been graded. Some regrades, etc. are inevitable, some purist anti-slab collections will hit the market, and get slabbed. So, my guess is that most of the "good" stuff is slabbed.
I'm going to also assume that T.V. sellers, market makers, etc, will continue to prey on the unknowledgeable public, and continue slabbing rare state quarters, etc. So it might slow down if the mint doesnt come up with a new circulating commemorative to profit from.

cladking

<< <i>
I'm going to also assume that T.V. sellers, market makers, etc, will continue to prey on the unknowledgeable public, and continue slabbing rare state quarters, etc. So it might slow down if the mint doesnt come up with a new circulating commemorative to profit from. >>



I watch most of these programs when I can and don't recall any circulating moderns
ever being offered in high grade. This is simply because they are too rare to mass mar-
ket. These marketers need coins which are affordable to the average viewer and which
can be obtained in at least some quantity. While they do offer some items which are
more valuable, these will typically be items which they can readily replenish in stock such
as better date Morgans or high grade silver eagles. If you watch these shows you'll see
that they rarely even offer raw circulating moderns any more because of the difficulty of
replenishing their stock. So there are very few mint sets and BU rolls still being offered.
These coins are still being sold in this venue but only as high value added items such as
complete sets of Kennedys, states issues, or Ikes. If they were to try to offer high grade
circulating moderns it would be very disruptive to these markets and for the main part sales
might be dismal.

The rate at which coins are being slabbed is far more dependent on the health of the mar-
ket than it is the number of coins previously graded. Surely it can be agreed that twenty
million coin collectors can "consume" far more than nine million slabs.

LAWMAN

They actually have only graded about 500,000 coins, it's just that those have been cracked out and re-submitted eighteen times or so.

ANACONDA

Interesting comment with probably a hint of truth. I wonder what is the record for the most number of times a coin has been submitted. Of course it's something we can't know however i bet it's way higher than most people would imagine.

adrian

nankraut

My views: Coin market /precious metals markets are hot--submissions are way up. When things cool down (and they will, eventually), submissions will go down again.

jeffnpcb

As long as they money grade instead of technical or market, most people don't really care. The majority look at money seen in a PCGS slab. After seeing some recent posts, PCGS graded coins are a money market, not a collectors market!