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so what do pcgs graders get paid as an annual salary?!

1907Quarter1907Quarter Posts: 2,770
in U.S. Coin Forum
someone mentioned the ngc figures today so I figured, why not ask about the west coast co.? are some in the several 6-figure land?
USPI minimalist design collage
image
designset
Treasury Seals Type Set

Comments

  • AskRaqAskRaq Posts: 2,303
    Ummm, no idea.... what were the NGC figures??
  • airedaleairedale Posts: 505 ✭
    I saw an advertisement in The Numismatist offering up to $300,000.00 for a " senior grader " a year or so ago.
    John
    Chance favors the prepared mind.
    imageimageimage
  • STONESTONE Posts: 15,275 ✭
    $300,000, now that's my kind of job!!!
  • fcfc Posts: 12,793 ✭✭✭
    that is a lot of money.. but when you think about it you are basically
    asking an expert to move to a certain location and be happy there.

    they will also, if a terrible grader, ruin your grade guarantee because
    they may make huge mistakes with super key coins. thus pcgs would
    have to pay out sums that can easily add up to that person's year
    of salary.
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    I think alot more.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • BAJJERFANBAJJERFAN Posts: 31,255 ✭✭✭✭✭


    << <i>they will also, if a terrible grader, ruin your grade guarantee because
    they may make huge mistakes with super key coins. thus pcgs would
    have to pay out sums that can easily add up to that person's year
    of salary. >>



    I'd guess that at least one [and probably more than that] finalizer makes that decision. A $500,000 coin will get more scrutiny than will a $50 one.
    theknowitalltroll;
  • LongacreLongacre Posts: 16,717 ✭✭✭
    Even though I love the coins, you could not pay me enough to be a grader. I just could not handle sitting in a darkened room for 14 hours a day, looking at coin after coin after coin.

    I never thought I'd ever say this, but I would rather read the Internal Revenue Code all day long than be a grader. image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • MrSpudMrSpud Posts: 4,499 ✭✭✭
    Ummm..... $2500 a year, in face value, of slabbed MS 68 key date coins???image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    "I never thought I'd ever say this, but I would rather read the Internal Revenue Code all day long than be a grader."
    Those are TWO jobs I would never do...... Cheers, RickO
  • CgbCgb Posts: 710 ✭
    I imagine your eyes would not last too long in that line of work...

    9 hours or so a day squinting into a loupe, or possibly a 'scope.
  • LanLordLanLord Posts: 11,723 ✭✭✭✭✭


    << <i>"I never thought I'd ever say this, but I would rather read the Internal Revenue Code all day long than be a grader." Those are TWO jobs I would never do...... Cheers, RickO >>

    Yeah, these two and the poor sap that examines protocologist smears, gotta be the crappiest (sorry) jobs ever!
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    image Sounds like a paycut.....so much for that idea...

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • WTCGWTCG Posts: 8,940 ✭✭✭
    There is usually a sizeable difference between the salaries of beginner graders and the senior graders. Some of the senior graders earn annual compensation well into the six figures.

    Several years ago I was offered (and declined) a grading position at one of the major grading companies and they offered a salary in the lower six figures.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • MoneyLAMoneyLA Posts: 1,825 ✭
    I was once in the grading room at PCGS and observed the conditions they work under...

    catered lunch with a lobster buffet...

    bikini clad massage therapists...

    interns from local high schools to body bag one out of three coins...

    two hour work day, six hours of joking over "they want to cross this?"

    cheers, Alan Mendelson
    BestDealsTVshow.com
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>I imagine your eyes would not last too long in that line of work...

    9 hours or so a day squinting into a loupe, or possibly a 'scope. >>



    graders usually don't use a loupe.


    I remember hearing somewhere that entry level for graders is about 145,000
  • 1907Quarter1907Quarter Posts: 2,770
    remember as well, they have to know their counterfeiting(an encyclopedic brain is in order here), characteristics of strike, luster for given mints and years etc.....more knowledge, way more, than the grading basics. Also, for BB, theoretical knowledge of what makes colors legit..
    USPI minimalist design collage
    image
    designset
    Treasury Seals Type Set
  • AskRaqAskRaq Posts: 2,303
    Is there some type of school that graders go to? Do they intern at a company and get trained there?
  • airedaleairedale Posts: 505 ✭


    << <i>Is there some type of school that graders go to? Do they intern at a company and get trained there? >>



    The same advertisement that offered the $300,000.00 for a senior grader offered $75,000.00 for an intern. A regular poster on the Coin Talk forum got the intern position and I suppose he is still there.
    John
    Chance favors the prepared mind.
    imageimageimage
  • WTCGWTCG Posts: 8,940 ✭✭✭


    << <i>

    << <i>Is there some type of school that graders go to? Do they intern at a company and get trained there? >>



    The same advertisement that offered the $300,000.00 for a senior grader offered $75,000.00 for an intern. A regular poster on the Coin Talk forum got the intern position and I suppose he is still there. >>



    The intern/ apprentice and "non-line" (bulk and moderns) graders generally make substantially less than $75,000.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • lordmarcovanlordmarcovan Posts: 43,760 ✭✭✭✭✭


    << <i>I never thought I'd ever say this, but I would rather read the Internal Revenue Code all day long than be a grader. >>

    I dunno if I'd go that far, but I can say that being a grader at a major TPG would not be high on my list of chosen careers.

    However, if there were one here where I live, and they were payin' the kind of money I've heard discussed here, I would go for it.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • bobblybobbly Posts: 88

    With salaries that high, I guess that explains why they charge 30 bucks to grade a single coin. image
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    they get to swap out the coins we send in with theirs, of lesser quality that is. They make TONS of cash that way! image
  • jmj3esqjmj3esq Posts: 5,421 ✭
    $300,000 sounds unbelievably high, but I dont doubt it. I bet they have a hard time justifying thier salaries to someone who does not know anyhting about coins.
  • raysrays Posts: 2,424 ✭✭✭✭✭
    $300k/year doesn't go terribly far in Newport beach.
  • IGWTIGWT Posts: 4,975 ✭
    I hear they make most their money on endorsements.
  • MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
    They get the states minimum wage.




    per minute of work...
  • badgerbadger Posts: 1,217 ✭✭✭
    It is base salary less $50 for every coin crossed from NGC or upgraded....image

    Badger
    Collector of Modern Silver Proofs 1950-1964 -- PCGS Registry as Elite Cameo

    Link to 1950 - 1964 Proof Registry Set
    1938 - 1964 Proof Jeffersons w/ Varieties
  • CertifiedGoldCoinsCertifiedGoldCoins Posts: 1,644 ✭✭✭
    The worst part of the job is the requirement for "continuing education." You know, the classes they must attend every time the grading standards are "adjusted." image
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>$300k/year doesn't go terribly far in Newport beach. >>



    OR Sarasota!
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • AUandAGAUandAG Posts: 24,929 ✭✭✭✭✭


    << <i>

    << <i>Is there some type of school that graders go to? Do they intern at a company and get trained there? >>



    The same advertisement that offered the $300,000.00 for a senior grader offered $75,000.00 for an intern. A regular poster on the Coin Talk forum got the intern position and I suppose he is still there. >>



    Do you think that you could live in sunny S. California (Newport Beach vicinity) on $75,000 a year? Nah, don't think you have much of a life if you took that job.
    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭
    With the economy being sooooo bad, I highly doubt that graders, if not skilled ones, would be making over $100K per year.
    They would rather lay-off, or pay-cut salaries during these harsh times to save money... I would be thrilled to work as a grader at one of these TPG companies for under $35K per year... image
    Ebay items for sale Current BIN's / The Kingdom Collection
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>I just could not handle sitting in a darkened room for 14 hours a day, looking at coin after coin after coin. >>


    14 hours a day? That seems counter-productive considering it could easily lead to fatigue and
    costly mistakes...
    My Roosevelt Dime Registry Set
  • njcoincranknjcoincrank Posts: 1,066 ✭✭
    Being a professional grader is a lot harder than you all think. While I don't think I would ever sit in a grading room 5 days a week, do on sight grading at major shows, again, I assure you that the graders earn EVERY dollar they make.

    Next time your on vacation with your family, before you go, stop by your local bank and buy 10 bags of Lincoln cents ($50 each, or 5,000 coins each) and take them with you. And while your family is on the beach, lock yourself in the bathroom and start sorting them. Just by date. You don't even have to grade them.

    Then maybe, just maybe, you will find a little more respect for professional graders. And maybe your family will benefit. Behaps you will realize just how valuable the time we have with them is. No amount of money can buy that.

    njcc
    www.numismaticamericana.com
  • njcoincranknjcoincrank Posts: 1,066 ✭✭
    Sorry for my poor grammar. I was grading all dayimage

    njcc
    www.numismaticamericana.com
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    Shoot. Sign me up! Someone pm me with info on how to be a grader gosh darnit@!
    image
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>

    << <i>I just could not handle sitting in a darkened room for 14 hours a day, looking at coin after coin after coin. >>


    14 hours a day? That seems counter-productive considering it could easily lead to fatigue and
    costly mistakes... >>



    Who says they work 14 hour shifts?
    Some coins are just plain "Interesting"
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I just could not handle sitting in a darkened room for 14 hours a day, looking at coin after coin after coin. >>


    14 hours a day? That seems counter-productive considering it could easily lead to fatigue and
    costly mistakes... >>



    Who says they work 14 hour shifts? >>


    It's a mystery, but the clues are all around..............
    My Roosevelt Dime Registry Set
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    If they really do make that much, it's only a matter of time before all of the coin grading is outsourced to China or India image Funny thing is that you won't even need to send your coins in, they'll make them at PCGS - Far East Branch image

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • PawPaulPawPaul Posts: 5,845 ✭


    << <i>they get to swap out the coins we send in with theirs, of lesser quality that is. They make TONS of cash that way! image >>



    THIS TYPE OF COMMENT HAS GOTTEN MORE THEN ONE MEMBER BAMMED
  • BearBear Posts: 18,953 ✭✭✭
    The graders are paid 900 billion Zimbabway dollars a week.
    There once was a place called
    Camelotimage
  • dthigpendthigpen Posts: 3,932 ✭✭
    I'm guessing the realistic salary for the average grader is lower than the $300,000 figure.
    Mr. Thigpen

    Self Indulgence | Holey Coins | Flickr Photostream
  • njcoincranknjcoincrank Posts: 1,066 ✭✭
    ya'll are funny...and not in a ha-ha way.

    njcc
    www.numismaticamericana.com
  • BearBear Posts: 18,953 ✭✭✭
    I would guess Beginner graders 120,000

    Experienced graders 160,000 - 225,000

    Finalizer.....................300,000 +
    There once was a place called
    Camelotimage
  • ressikanfluteressikanflute Posts: 280
    edited...
  • tahoe98tahoe98 Posts: 11,388 ✭✭✭



    ..............ummm, i heard the benefits suck!image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,555 ✭✭✭✭✭
    image

    David Hall was seen interviewing this guy.

    ``https://ebay.us/m/KxolR5

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