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

Bochiman

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 )

pharmer

Well, the sheep in me has never questioned it. But now that you mention it, I'd like to know also.

Artist

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.

Texast

I could have to do with the final value, it seems, but not always, to be higher than the moderns for the grade.

Frankcoins

I am sure the average value (thus the risk to PCGS) is higher on Economy submissions than on moderns.

Barndog

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?

hiijacker

<< <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.

>>



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.

Bochiman

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?

Griv

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.

TwoSides2aCoin

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.

MORGANHUNTER2

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.

seanq

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

perfectstrike

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

BAJJERFAN

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.

Bochiman

If the Q&A forum was actually working, I would submit the question there

Tootawl

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


The last question there was answered Oct. 16th.

Bochiman

I saw HRH lurking around tonight so I figured I would TTT the thread.

David, any insight?

sinin1

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....

Bochiman

<< <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.

ILikeMercs

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.