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NGC newsflash on show grading

jbstevenjbsteven Posts: 6,178 ✭
in U.S. Coin Forum
NGC will start offering a 4 hour guaranteed show turnaround service for $150 a coin. They will be collected in hourly lots and guaranteed turnaround within 4 hours or normal $100 per coin pricing will apply. Looks like if they take over 4 hours you get the grading for $100.

Don't shoot the messenger.

Comments

  • MrEurekaMrEureka Posts: 24,253 ✭✭✭✭✭
    Hate to be the evil one, but many dealers were still waiting for their $200.00 walkthru's at ANA up 2 full days later.

    image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • krankykranky Posts: 8,709 ✭✭✭
    David Hall mentioned at the Set Registry luncheon that even though they have a $200 walkthrough tier, they still get too many coins submitted at shows to get the coins back as fast as they would like. Then one of the guests at the luncheon asked David to raise the walkthrough price even higher so he could get his coins back faster. When David said a lot of coins aren't worth an even higher fee for slabbing, the guest said that he didn't mind, he just wanted his coins back sooner and if raising the price would reduce the submissions, he was all for it.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭
    Looks like NGC and PCGS could use a few more graders! image
  • braddickbraddick Posts: 23,970 ✭✭✭✭✭


    << <i>PCGS has that $200.00 deal. Hate to be the evil one, but many dealers were still waiting for their $200.00 walkthru's at ANA up 2 full days later. I really can't see how these hourly services can work. >>


    PCGS's Five Minute $1,000.00 Show Grading!

    peacockcoins

  • 100proof1957100proof1957 Posts: 6,231 ✭
    i may have a couple walk throughs at LB on SAT,i guaranty i aint waitin till monday for them !
    image
  • jbstevenjbsteven Posts: 6,178 ✭
    100

    ngc does not do saturday grading. You might be lucky to get pcgs to do saturday grading as well.
  • onlyroosiesonlyroosies Posts: 3,293 ✭✭✭✭
    I submitted 1 coin at the ANA show on Friday around 3:30PM on the $100 tier and had it back the next day
    about the same time. I was very happy with the upgrade... Thank You
  • ShamikaShamika Posts: 18,781 ✭✭✭✭


    << <i>even though (PCGS) has a $200 walkthrough tier, they still get too many coins submitted at shows... >>


    Geez, I'm in the wrong business.

    Buyer and seller of vintage coin boards!
  • edsiajbedsiajb Posts: 98
    Gee...whats the salary for a grader?
  • ScarsdaleCoinScarsdaleCoin Posts: 5,223 ✭✭✭✭✭
    entry level I believe is 100k
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • edsiajbedsiajb Posts: 98
    Where do I sign up?
  • ElcontadorElcontador Posts: 7,523 ✭✭✭✭✭
    I think PCGS and NGC should have a 30 minute in show grade guarantee for $1,000 per coin. I'm done.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    4 hour grading....that would add a new aspect to the game: Uh excuse me Mr. dealer can I ask a second oppinion on your coin? and do you mind if bring the coin back with a different certification number?image
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    how can someone get all goosebumpy w/ excitement waiting for alleged professionals to take ..... FOUR HOURS for a grade? i mean, how long does it freakin take to grade a coin & shove into a piece of plastic???

    sounds like a ripoff to me.

    K S
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    " how can someone get all goosebumpy w/ excitement waiting for alleged professionals to take ..... FOUR HOURS for a grade?"

    It's the addition of fingerprints which takes all the time; grading only takes 90 seconds for all three graders.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    Are these guys who do the grading at the shows called "Road Graders?"image
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>It's the addition of fingerprints which takes all the time; grading only takes 90 seconds for all three graders. >>



    Yeah they fight for 3 hours over who gets to get their print on a coin. image
    theknowitalltroll;
  • RotatedRainbowsRotatedRainbows Posts: 2,085 ✭✭


    << <i>how can someone get all goosebumpy w/ excitement waiting for alleged professionals to take ..... FOUR HOURS for a grade? i mean, how long does it freakin take to grade a coin & shove into a piece of plastic???

    sounds like a ripoff to me.

    K S >>



    I would have to say you have pretty good hearing!! Especially when some one is willing to pay more to have a coin graded then it is actually worth just because they are to impatient to wait a few weeks. I guess it is true that some people really do have more money then brains.
  • jbstevenjbsteven Posts: 6,178 ✭


    << <i>I guess it is true that some people really do have more money then brains. >>



    yes, some do. image
  • ShamikaShamika Posts: 18,781 ✭✭✭✭


    << <i> Gee...whats the salary for a grader? >>



    $250,000/year. And I'm not kidding either!

    Buyer and seller of vintage coin boards!
  • bullseyebullseye Posts: 178
    How times have changed.

    I remember when getting coins back the next day was special. Now, its hours. Will we be looking at seconds soon???


    Mike

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