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PCGS Submission mumblings...give me your insight please...

BochimanBochiman Posts: 25,556 ✭✭✭✭✭
So, as I sat at my desk, last night, with a few coins I am contemplating submitting, I was thinking....

Moderns.... 1965-present. $14ea (under $300 value).
Economy....non-gold. $18ea (under $300 value).

What's the $4/coin difference? Just because it is silver? That shouldn't be it.
I would think it is because the "modern" designs are pretty much still in circulation. Yet, the grading for a Roosevelt dime (1946-1964) should be the same for a Roosevelt dime (1965-present), right?
Same for the 1964 Kennedy through present?
Washington quarters...same?

Don't get me wrong...over $4/coin I am not trying to whine but I am trying to figure out the rationale behind the submission difference.


Anyone know or can give some light on this?

(the cynic in me believes it's because (1) they can, and (2) it is more money for them...see #1 image )

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

Comments

  • Well, the sheep in me has never questioned it. But now that you mention it, I'd like to know also.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • ArtistArtist Posts: 2,013 ✭✭✭
    Affirmative Action.

    If you can afford to collect silver coins, you can afford the extra $4.00. Conversely if you can only afford to collect clad coins, chances are a $4.00 price break is most appreciated which in turn helps bring more people to the table.

    image

  • TexastTexast Posts: 1,899 ✭✭✭✭
    I could have to do with the final value, it seems, but not always, to be higher than the moderns for the grade.
    On BS&T Now: Nothing.
    Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
    Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭
    I am sure the average value (thus the risk to PCGS) is higher on Economy submissions than on moderns.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • BarndogBarndog Posts: 20,510 ✭✭✭✭✭
    perhaps it has to do with the depth and breadth of experience/expertise required of the grader...and therefore how much PCGS has to pay the respective graders?
  • hiijackerhiijacker Posts: 1,172 ✭✭✭


    << <i>Affirmative Action.

    If you can afford to collect silver coins, you can afford the extra $4.00. Conversely if you can only afford to collect clad coins, chances are a $4.00 price break is most appreciated which in turn helps bring more people to the table.

    image >>



    That's not affirmative action. Affirmative action is how they grade older rarer coins a higher grade than they would a modern coin in the same condition.
    Buyer of all vintage Silver Bars. PM me
    Cashback from Mr. Rebates
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    Some of the points made, I can understand, but again, look at the examples I used....


    Roosevelts (1946-present......really, what's changed for grading? So, why would the skill/breadth of the grader matter (I had thought that initially too, until I thought of the Roosevelts)

    Value.....both list "up to $300", so, it really isn't a value thing, I wouldn't think.

    Maybe Artist is right? image

    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

  • GrivGriv Posts: 2,804
    What sucks is paying $30 for coins valued over $300. If you collect plat eagles then they pretty much are all there. Why is grading a 1/4 plat eagle any different from a 1/4 gold eagle? Same size, same amount of work. It used to be over $500 until 07 so it really hits a lot of the eagle population.

    I'd say since they charge $4 more for a pre-65 and that's want you collect then you really need to bite the bullet since that's want they charge. Sad to say, sometimes peanuts, sometimes shells. image
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,502 ✭✭✭✭✭
    I cannot answer your questions, Bochi...
    I just pay on a credit card and write it off on next year's taxes. I was hoping to have made money after submitting moderns the past few years, but widgets/moderns are tough to make money in, yet coin collecting is still something worth promoting.
  • Maybe, just maybe, when the IRS and the rest of us fools get to an even across the board tax thingy-the TPG's will say - OK lets just charge a flat rate of 30 per coin -with a right to refusal on anything we do - becuz we are human and WE domake mistakes.

    I like this idea- even it out across the board- $.01 to $100,000.00+ in value.

    then increase the slab fee to $25.00 no tax no other fees.
  • seanqseanq Posts: 8,722 ✭✭✭✭✭
    I honestly thought it was simply a marketing ploy to encourage modern submissions. My second thought is that it's easier / faster to grade mint state coins than circulated ones, and the lion's share of modern submissions would fall into the former category.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • I believe it's a talent issue within the grading companies. Let the newest graders do coins they will see every day and they get better than they already are. The cheapest price is offered for the service level that they have the most staff to support.

    David
  • BAJJERFANBAJJERFAN Posts: 31,221 ✭✭✭✭✭
    Next time yo go grocery shopping ask the meats manager why T bones cost more than hamburger. Why should that be? When the packer bought the animal live he paid the same price for both. I'd ask PCGS.
    theknowitalltroll;
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    If the Q&A forum was actually working, I would submit the question there image

    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

  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>If the Q&A forum was actually working, I would submit the question there image >>


    The last question there was answered Oct. 16th. image
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    I saw HRH lurking around tonight so I figured I would TTT the thread.

    David, any insight? image

    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

  • sinin1sinin1 Posts: 7,500
    Besides the risk involved (although the MS70's and PR70's are expensive )

    there is the number of graders/finalizers and their experience required


    check out this other thread
    Do you agree that two graders must mutually....
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>Besides the risk involved (although the MS70's and PR70's are expensive )

    there is the number of graders/finalizers and their experience required


    check out this other thread
    Do you agree that two graders must mutually.... >>




    Ok...but again, I ask....what is the difference in experience/grading required for a 1946-1964 Roosevelt versus a 1965-present Roosevelt? What am I missing?
    What about for a 1932-1964 Washington Quarter (or Jefferson Nickel) and the 1965-present ones (well, except for counterfeit on 1932d and 1932s.....?

    That's what I am trying to do understand.

    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

  • maybe it has something to do with "insurance policy-ness" of buybacks. It would cost more to buyback silver and older coins (IF they have to eat a coin) than a clad.

    imageDo not taunt Happy Fun Ball image

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