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Why are moderns cheaper to submit?
ziggy29
Posts: 18,668 ✭✭✭
in Q & A Forum
I've never quite understood why many grading services have a price structure such that "modern" coins receive significant price breaks when compared to other, older coins. It doesn't seem to me that it would take any less time to grade an MS-66 1986 Washington quarter, say, as an MS-63 1936 Washington (or other "non-modern" coin). Yet the former is much cheaper to submit than the latter.
Are there different procedures for grading moderns which require less labor? Or is this just a price break to encourage submission of coins which wouldn't otherwise merit encapsulating? I've always been curious about the reasoning for this, and I'd appreciate any reasons or justification for the practice as you may see fit to divulge. Thanks!
Are there different procedures for grading moderns which require less labor? Or is this just a price break to encourage submission of coins which wouldn't otherwise merit encapsulating? I've always been curious about the reasoning for this, and I'd appreciate any reasons or justification for the practice as you may see fit to divulge. Thanks!
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Modern coins are. in general. a lot easier to grade. Many of them are super high quality proofs, and the Mint State examples tend to be submitted in very narrow grade ranges. The pre-1965 coins are all over the board and take longer to grade.
Thanks,
David