New $65 Submission Service at Long Beach

DonWillis

For those planning to attend the Long Beach show who may have missed this announcement......

PCGS is re-introducing a service we used to offer back in 2003. Same price, same parameters - with one major change.

$65 per coin.

Value upto $1500 per coin.

US or World coins.

One day turnaround.

Minimum 5 coin submission.

Any submission type - raw, regrade or crossover....plus ...submision types may be mixed . What that means is as long as you submit a minimum of 5 coins at one time you can combine the various submissoin types (raw, regrade or crossover) and still participate in this program (each service type must be on a separate form). Only one handling fee for all the submissions.

available only to Collector Club Members and PCGS Authorized Dealers

Read more about this on our website - PCGS site

cheezhed

Seems like a good deal.

Steve27

"available only to Collector Club Members and PCGS Authorized Dealers"

How about reducing the fees to join?

Barndog

<< <i>"available only to Collector Club Members and PCGS Authorized Dealers"

How about reducing the fees to join? >>



there was a 20% off special for a couple of months last year IIRC.

BlindedByEgo

Hey Don - Goldbully beat you to it on the message board.

DonWillis

I know. I couldn't figure out how to stick that post on top....

lope208

<< <i>"available only to Collector Club Members and PCGS Authorized Dealers"

How about reducing the fees to join? >>



Steve- I just rejoined at the silver level for $50 bucks. I think that's a pretty good deal.
You get all the same privileges at the $50 level as you do at the $200. The only difference
is the "free grading submissions". Which really aren't free after all are they?

BlindedByEgo

<< <i>I know. I couldn't figure out how to stick that post on top.... >>



That's why you have "people"

ChrisRx

Thats expensive (for a coin with a value less than $1.5k) - But I understand it must be cheaper than before I assume so we'll take it.

Halfhunter06

Don,
Why a 5 coin minimum?

DonWillis

Why a 5 coin minimum?

Well, I could say because PCGS is like many other companies where economy of scale is critical in determining profit vs. loss. For starters, unless you are familiar with the inter-workings of PCGS you can't imagine how many different people have to handle every order - before and after the graders see the coins.

Or, I could just admit that I copied the program exactly the way it was in 2003.

I thought it would be a good thing if we were to offer a service exactly as it was 6 years ago and at the same price. I wish I could get the same deal from the people I do business with.

Halfhunter06

Thanks Don, I understand. The improvements in PCGS grading services this past year have been a breath of fresh air to me as a collectors club member.

illini420

In the previous thread I said that I couldn't imagine why anyone would spend $65 + the $8 min fee to have a $1500 or less coin graded. That said, after thinking about it a little more, it would probably not be too bad if I had a single $1500 coin I wanted to cross or have graded. Would be about the same or less than shipping it to PCGS, paying $30+$8+return shipping. Of course, that's only for a single coin and the 5 coin minimum kills that idea for me.

though for another option for us to choose from, especially since some see this as a good value.

SirAnthonyAC

Thanks and it is a good price if you have 5 coins (there is a 5 coin minimum) that will really benefit from being slabbed.

It also might make sense to just spend the $325 on one really nice coin

I don't know but the last big collection, of mostly old stuff, I picked up had a box where there were quite a few PCGS graded MS68 & 69 1990s Jefferson nickels, not SMS or anything special, just a nickel, I couldn't get a bid at opening bid of $9.99. Why did someone pay to have that graded? Or did the PCGS just grade it as give a ways? Or did he think he'd get an MS70?

I have a sharp Indian Head cent they might be a proof, something like that would benefit from a PCGS slab for sure but, a 1999 Jefferson Nickel?

I'll have to take some shots of the Indian Head and post it to get your opinions, it's a nice coin even if it turns out not to be a proof.

Anyways... $65 up to $1500, cool deal!

WTCG

It seems that people often bring up questions about the merits of sending coins valued at less than $1500 for walkthrough service. Here is my observation on the issue as stated on another similar thread. I'm sure others will agree with me.

Many dealers who submit coins on a consistent basis (myself included) will often times submit coins on the Express service tier coins that are worth considerably less than $1500. Although $65 is significantly more expensive than the cost of the Express service, the turnaround time is much shorter (24 hours vs. 1 week) and there is not a need to spend additional money and time on round trip shipping. There are certain coins of certain denominations in particular that are perfect for this service. The $65 cost for this service really is a great deal especially for coins that were intended to be submitted under the Express tier.

If my memory serves me right PCGS used to offer this service until they discontinued it sometime in 2004.

NGC has always provided almost the exact same on-site service for the same fee. For them that service has always been very popular and very profitable.

Coxe

It would be great for the 1-day attendees to offer it as a same day service if submitted before, say, noon. This benefits the bourse dealers mainly and the handful or two of collectors who flew in and, dammit, aren't wasting the trip on one day. Nonetheless, it is a nice gesture. (I guess I am damned to the $200 level still.)

MORGANHUNTER2

I did not realize that the economy went up 65 bucks in the last 6 years.

seems to me that the recession is still fairly large and many folks can't afford this ( even collectors are on budgets).

Why not go back to 1987 pricing? On everything, it might inspire more collectors to join and submit.

and lose the $8.00 fee that is a joke. I feel as if I'm at the dentist office, and allow her to inflict pain and I get to pay for it.

6 seconds of review cost more than talking to my attorney for 1 minute!

illini420

<< <i>6 seconds of review cost more than talking to my attorney for 1 minute! >>



but, most attorneys I deal with have a minimum charge of 15 minutes on any matter, call for a 2 minute question and it's 15 minutes billed. seems about right

I agree that the $8 fee is sort of harsh. I guess it doesn't matter to dealers who submit many coins w/ each submission form, but for a collector like myself who might want to send in maybe a dozen coins tops at a time, it's a killer. Especially since in that dozen coins I may have a couple crossovers, a couple under $300 and a couple over $300, each group requirng a separate submission form. So in my dozen coins that might be 3 or 4 $8 fees (not to mention 3 or 4 separate return shipping charges!!!). Instead of getting rid of the $8 fee, I'd much much rather be able to submit all my coins on a single form and have them shipped back to me all at once (the form could also have a waiver where the submitter agrees that all are shipped back at the processing time of the slowest service chosen of course). If that existed, I'd send in a lot more coins to grade, but it will probably never happen though as the process is obviously not set up for the small time collector. A kid can dream though

PLE

I have decided not to go to any more coin shows. Too many dealers that I don't trust. Too many people carrying guns. And, what's with the odor at these shows? Geesh.

cheezhed

<< <i>For starters, unless you are familiar with the inter-workings of PCGS you can't imagine how many different people have to handle every order - before and after the graders see the coins.
>>



So can you tell me how many people handle our coins?

Coxe

<< <i>I And, what's with the odor at these shows? Geesh. >>



That would be me. Sorry.

BlindedByEgo

<< <i>

<< <i>I And, what's with the odor at these shows? Geesh. >>



That would be me. Sorry. >>



Coin shows smell like Coxe? Interesting.

Coxe

<< <i>

<< <i>

<< <i>I And, what's with the odor at these shows? Geesh. >>



That would be me. Sorry. >>



Coin shows smell like Coxe? Interesting. >>



Yeah, I have that peculiar odor of raw silver dollars....you know; that smell you have on your hands after seaching a bag or a junk box that lingers for the rest of the day.

advalorem

Don, thanks for PCGS doing this.

I am in Illinois's camp: the small collector could use a break on submitting multiple coins with one form (online ideally) and paying reasaonble shipping fees. Streamlining the process, reducing the small collector's costs - would improve the number of submissions for the average person.

I have some China Gold Pandas, Maple Leafs, and US coins. If I could send them together in one package, with one form, it would simplify matters.

I'm not going to be in LA LA land, so I can't take advantage of this opportunity.

I would like to see more benefitis going to the collector vs. the 100-slabs of PCGS MS69 state quarters.

I'm speaking as a CLCT shareholder and coin collector...thanks for the break on pricing for those who can make it....

MrOrganic

When is the "join free, no yearly fee's" special coming?

TwoSides2aCoin

In a time of ever increasing "fees" for goods and services, this is a generous offer.

DonWillis

I'd much much rather be able to submit all my coins on a single form and have them shipped back to me all at once

Not the first time I have heard this and something I would definitely like to offer. The $65 program is our first step in that direction as we will allow mutliple submission types to be combined.

Let's see how this goes and we will keep working through the issues.

As for online submissions, my intention is for the online submission to handle everything that can be done on paper. We are making enhancements and adding features as we speak. Keep your eye on this and other new online features coming soon.

Longacre

Don--

what is PCGS doing to broaden its revenue base? It seems that the US coin grading market is about peaked.

IGWT

Don--

what is PCGS doing to broaden its revenue base? It seems that the US coin grading market is about peaked.

Hey, newbie, take it to the Q&A Forum.

Barndog

same $65 service at Summer FUN, I hope!

Bochiman

<< <i>Don--

what is PCGS doing to broaden its revenue base? It seems that the US coin grading market is about peaked.

>>




Now, wouldn't that be a great business move?

Announce on a public forum things you are doing, as a business, to broaden your revenue base.
Don't worry about the competition. Or the fact that most of the people on the boards are just busybodies without a "dog in the fight", other than submitting (ie...not shareholders).

(I need a "shaking my head" emoticon here)

TwoSides2aCoin

<< <i>....(I need a "shaking my head" emoticon here) >>




We'll have "none" of that here !