At what point (not price point) do you begin submitting coins to PCGS?

RickMilauskas

I am sure there are many of us who have never submitted a coin to PCGS.

At what point did you, or when would you start to submit them.

hootchiegirl

I sated submoitting coins when I truly learned how to grade and when I became addicted to the pcgs holder/box. If youre usure of your grading.submit a few and see how close you were, but be careful you can easily become a junkie!!!!!!!! Good luck

hootchiegirl

sorry for all the misspellings.carpal tunnel makes it rough

ILikeMercs

I never have, but Lucy has for me and now I have the fever because I was soooooooo close on grading it.......

DrWho

stopped when they mis-graded submission. and i don't have the money/fees to pump into them for re-grade or review. left me with a very very bad 'perception'. done.

cladking

It depends on the coin. Some are marketable without a holder at far higher prices. A nice
AU key date Morgan could be sold raw at little or no discount where an MS-65 1983-P quarter
can't. The same applies to many classics and a few moderns.

As a rule of thumb it's probably in the $75- $100 vicinity that one should consider buying only
slabbed.

jdimmick

If the increase in marketability and the value of the coin in question warrant submitting (for resell)

MORGANHUNTER2

I'd like to think thaton my last submission to PCGS(January 06) that I did excellent, even though I moaned about a few.

All went in raw, of the group of 32? I got back 6 in 65 holders, a couple of 4's, a couple of 3's(this was the sad/moaning part) and a couple of BB.

I can honestly say that the money spent on them raw- made a significant jump in value to me, to others- they said I was nutzo- maybe.

Now the ones I submitted to ANACS- were crackouts- and I was looking for the VAMS on them- instead I got zilch for the Vams, and the crapiest grades I have ever seen- the crackouts were a few ANACS slabs, NGC slabs, and 2 PCGS- upgrading- no- Vamming yes- and they did not. so I said to heil with this- cracked em back out of the nEW and IMPROVED holders in less time than it probably took them to slab and they now reside in a couple of wayte raymond pages and buried in dirt for the next 2 years( I water the 'plant' every other day). I know- I should never have cracked them to begin with- but it's my moola, and I wanted to try an experiment.

I'll submit again someday- but the house of David is asking far to much for a 6 second review of a coin that I consider to be worth more than the price of submission no matter what tier I submit under.

I would rather pay someone who is an expert in a particular field (ie- Franklins- R. Tomaska) a fee to review what I have and get his honest opinion on wether to submit, than to waste 20-50 for that slim opportunity of getting a 6fbl or a 6dcam.

we all take a chance from time to time- and that can be the fun part of it.

OKbustchaser

Same reply as the other thread...

When PCGS starts paying me to have them put into their slabs I will at least consider it. Probably still won't do it, but I will think about it.

TwoSides2aCoin

That's a great question, Rick.

I started submitting when I joined CU with a Platinum membership ...every couple of months I'd get a few coins together and submit under the "economy submission" , primarily because I'm kind of frugile having grown up in a large family.
I haven't submitted for about six months...at the point where PCGS willl attribute and grade my BOLDLY DETAILED TAIL FEATHERED 2000P Sacagawea Golden Dollar, I will start submitting, again.

Being called a Kool-Aid drinkin', butt sniffin', wannabe with widgets doesn't help matters as far as promoting this place, the industry or the character of many in this field, either. Things like that kind of made me take a second look and more likely steers others from ever submitting, too.

submitting any other COINS to PCGS hinges on just one coin for me.

a widget from general mills

Coxe

It's funny how things change. I remember feeling that it was only worth certification if it was a real rarity where a grade dispute could mean thousands of dollars in the difference in valuation. You know, the same kinds of coins you would mail registered USPS and always insured. Now the market practically demands this addition to way too many coins. Registries compound it but not in as bad of a way as the general market. Occasionally, it dawns on me tat I am walking on a slab bourse and not a coin bourse anymore when I go to shows. The raw stuff is in junk boxes and among the copper, foreign and ancient dealers.

But to address the direct question, if the grading fees plus two-way shipping exceed 10% of the coin's value or 150% of the diffeence in market value between same-grade raw and slabbed, I think it is foolish to submit. And that is considering you are seasoned enough to discern what is likely to not come back in a BB. (Those can really add up!) Wityh grading and shipping fees as they are, I really wonder about people who submit coins worth under $200. (And I have thrown some on my own sheets foolishly!)

messydesk

When the benefit outweighs the cost. Mostly this has to do with increasing the liquidity of a coin about to be sold. I have submitted very few coins that are impounded in my collection. I have no interest in playing the registry set game. I don't need a grading service to attribute varieties for me, since I can do it better than they can.

DennisH

I started submitting when I began to get a decent handle on grading, and I came to acutely appreciate the fiscal reality raw coin values vs. certified coin values. At that time, I only submitted $100+ value coins.

My submissions increased significantly (almost always Economy service) when I was allowed to drop off and pick up at PCGS in person, thereby saving the two-way postage costs.

My submissions jumped again when I began concentrating on VAMs, and I now pretty much send them everything I buy regardless of the value, because I like how Morgans look in holders.

Myqqy

I'm still waiting to find a good enough reason to have some morgans submitted- I've got some nice raw coins that I think grade quite high, and am curious what type of plastic they would receive. But I just don't feel a lot of motivation to play the submission game...

messydesk

<< <i>My submissions jumped again when I began concentrating on VAMs, and I now pretty much send them everything I buy regardless of the value, because I like how Morgans look in holders. >>


Hey, that's what my holders are for!

TorinoCobra71

Summer 2002......

TorinoCobra71

ibzman350

As soon as I figure out the paper work I'll give it a shot.




Herb

Conder101

Gun point

BlindedByEgo

<< <i>Gun point >>

Deadhorse

When I hear from others that they've come back to their senses.

I used to submit dozens a year, sorry I'm just a little guy here. Then I got burned badly back in that "we haven't changed our standards, your coins are just 2 points lower now and there are no more DCAMS and hardly and CAMS" fiasco.

Still have several DCAM early 50's that went from 64 DCAM to 63 no CAM (or worse) and a few other odds and ends that had to go accross the street for the correct grade. Somehow, it seems all mine were just a few days off that Presidential Review window which I've still not heard a satisfactory explanation of.

I still haven't heard that things are back to semi normal, whatever that is. So for now, I haven't submitted in over a year. Kind of like smoking I guess, it was a real habit and I missed it a great deal at first, but I realized the damage it was doing to me and so now I'm content to just not mess with it anymore.

Maybe someday. I'll have to talk to a few others. Actually, that episode broke me of the hobby for quite a while as well and I think the break was needed. I guess I'd like to get back to it as I'm posting to this thread. I still love this place and lurk nearly everyday, even if I don't post.

Are submissions down as compared to a couple of years ago? Can anybody tell me any info regarding that or if grading has come back to any sort of consistency other than slamming coins at 2-4 points lower than they were back in late '04? Have the letters D or C, A, & M been repaired on the label printer yet?

rec78

When the benefit outweighs the cost. Mostly this has to do with increasing the liquidity of a coin about to be sold.
Best said---

bushmaster8

I started submitting Frankies in 1987. I wanted to send smoe in as soon as the PCGS doors opened, but HRH advised to wait a bit , until submissions tapered off.

Well, of course, submissions never did taper off! I was ultra pleased with the grades I recieved, having been accumulating Gem franklins for sveral years b4 the advent of real TPGing. Wish I still had some of those babies!