After seeing the threads about PCGS not "recognizing" the 2009 lincoln double thumbs, etc
Bochiman
Posts: 25,447 ✭✭✭✭✭
I have an honest question....
For those that are upset by that, are you upset because of the loss of more profit by flipping or because of your personal collection and you wanted them in PCGS plastic for your collection?
For those that are upset by that, are you upset because of the loss of more profit by flipping or because of your personal collection and you wanted them in PCGS plastic for your collection?
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
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If I am correct $50 for error grading plus S/H!!!!!!!!!!
Even in bulk of 100 coins likely $25+ per coin for error.
Even submitting as a PCGS dealer or under bulk program it would have been tough to make a profit by flipping with PCGS plastic.
These coins price has really softened on Ebay...............
<< <i>It would have been an expensive flip to have PCGS slab them.
If I am correct $14 for the modern coin submission and an additional $50 for error plus S/H!!!!!!!!!!
Even in bulk of 100 coins likely $10/coin plus $25+ for error.
Even submitting as a PCGS dealer or under bulk program it would have been tough to make a profit by flipping with PCGS plastic.
Coins have really softened in price on Ebay............... >>
I think it's just the $50 for an error. Not the additional $14. Still expensive.
BUT, I have no pity on those who want to mass market 500 of them and play Jed Clampett with the booty.
<< <i>
<< <i>It would have been an expensive flip to have PCGS slab them.
If I am correct $14 for the modern coin submission and an additional $50 for error plus S/H!!!!!!!!!!
Even in bulk of 100 coins likely $10/coin plus $25+ for error.
Even submitting as a PCGS dealer or under bulk program it would have been tough to make a profit by flipping with PCGS plastic.
Coins have really softened in price on Ebay............... >>
I think it's just the $50 for an error. Not the additional $14. Still expensive. >>
You are correct............. only the $50 for error grading plus S/H would apply.
I will mention that at current bulk rates that is still likely $25/coin plus a likely surcharge of $5-$10 for the MS66-68s.
(I went down that road on a 500 coin submission of GW MEL coins.)
I think we have them graded by ANACS and that is all we need. It sure is a lot more reasonable at $15 apiece, or if you go the bulk route, only $10. You can sell them for that in a few months with no sweat.
<< <i>I think we have them graded by ANACS and that is all we need. It sure is a lot more reasonable at $15 apiece, or if you go the bulk route, only $10. You can sell them for that in a few months with no sweat. >>
So you're the reason ANACS economy grading is backed up to 60+ days
I was a Monkey
and he had one HELL of a coin collection!!!
And if you'all do some thread archeology you'll find that Im the one that originally suggested 'zipping them off to ANACS'
If a variety is clearly verifiable, and I use the term verifiable only to highlight the contrast with First or Early Strike (due to the way the Mint handles coin production, the packaging dates, in many cases ,do not indicate that an coin per say was necessarily struck prior to a coin with a later packaging date), why not give the description of the varitey on the label (of course the submitter must be willing to pay the additional cost of this service).
There is a pool of collectors that are very dependent upon the opinion of the TPGs, if this is a shortcoming of the collector that is another matter, if the label does not indicate it, then the TPG has not verified this attribute of the coin and this segment of the market will discount either the attribution or any corresponding premium. For those sellers with poor coin photography abilities if there is no offered labeling of the variety they are dealing with a greatly dimished pool of buyers, especially in the case of a collector that has a greatly dimished ability to present the coin in hand to a number of buyers. The end result is the owner is dealing with a smaller and usually more doubtful pool of buyers for their coin.
The purpose of TPG is the value of their being a third party, not the seller, giving their assessment of a coin's condition, authenticty and in some cases variety.
Why would a company not want to enhance its product as long as it is recovering the cost of that enhancement? The cost of variety attribution would suggest that they more than recover their cost.
<< <i>So you're the reason ANACS economy grading is backed up to 60+ days >>
My order was received on 6/30....expect ship date is 7/17
So you're the reason ANACS economy grading is backed up to 60+ days
.........
My expected ship date is 7/9. Received on 6/18
I think the new lincoln series is worth having in my collection just because they are lincoln cents.
I just rec'd the proof set yesterday and they are absolutely stunning. The mint did a fantastic job on these.....even though I hurried and opened them to make sure I could return them within the 7 days if they were not good.
Anyone slamming flippers is OK and doesn't bother me personally. I like collecting win or lose doesn't bother me.