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my 1st experience with bulk grading

DennisHDennisH Posts: 14,041 ✭✭✭✭✭
Early this year I bought a roll of 1921-P Morgans (don't ask me why) on eBay in individual 2x2s in a plastic sheet for holding photographic slides. They were advertised as "better than average" and priced as VFs, but I was sure from the marginal photos that they were B.U. under their light toning. So I bought them.

When they showed up they were all indeed B.U. And after a quick dip they all came out with bright, booming lustre. That was a great surprise.

A couple of months ago a VAM friend put together a bulk submission to PCGS and I contributed 19 of my coins. (The 20th is a better VAM, so I will eventually send it in separately so I can get it attributed on the holder.) It was my first experience with bulk and even though I wasn't the point person dealing with PCGS I really enjoyed the experience.

Getting coins graded cheap was a huge part of that. My final results were 7 MS63s (grading cost $5 each) and 12 MS62s ($4 each). I thought two coins had a shot at MS64, but I also thought two might go 61. Oh well.

When you're a VAM collector, the downside to 1921-P Morgans is trying to figure out what they are. There are hundreds of different known VAMs for that date and trying to figure them out is the stuff headaches are made of.

But with the help of some kind folks over at www.vamworld.com and my now improved ability to take very large clear photos we have managed to identify 18 of the 19, and I'm confident that the last one will be nailed down soon.

My roll turned out to be quite an assortment. Of the 20 coins there are 11 different VAMs, two of which have decent variety premiums (for 1921-P that is).

My message here is that bulk grading was a great experience and I'm looking forward to doing it again. That means I plan to pay more attention to B.U. rolls at shows from now on.
When in doubt, don't.

Comments

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    DennisHDennisH Posts: 14,041 ✭✭✭✭✭
    So making paragraphs on the input screen is a totally wasted effort, eh?
    When in doubt, don't.
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    TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Yes. You have to insert < br> or < p> to format your message.
    (wihout the space after the "<").<br>

    PCGS doesn't seem to have any interest in fixing it or any of the other known issues since the upgrade
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Good on ya for the submission.



    For the paragraphs, seems some people have trouble, and some don't. I never use any of the html to do paragraphs or breaks....just type it out



    as



    I



    want



    it displayed...and no problems.

    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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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: DennisH

    Early this year I bought a roll of 1921-P Morgans (don't ask me why) on eBay in individual 2x2s in a plastic sheet for holding photographic slides. They were advertised as "better than average" and priced as VFs, but I was sure from the marginal photos that they were B.U. under their light toning. So I bought them.



    When they showed up they were all indeed B.U. And after a quick dip they all came out with bright, booming lustre. That was a great surprise.



    A couple of months ago a VAM friend put together a bulk submission to PCGS and I contributed 19 of my coins. (The 20th is a better VAM, so I will eventually send it in separately so I can get it attributed on the holder.) It was my first experience with bulk and even though I wasn't the point person dealing with PCGS I really enjoyed the experience.



    Getting coins graded cheap was a huge part of that. My final results were 7 MS63s (grading cost $5 each) and 12 MS62s ($4 each). I thought two coins had a shot at MS64, but I also thought two might go 61. Oh well.



    When you're a VAM collector, the downside to 1921-P Morgans is trying to figure out what they are. There are hundreds of different known VAMs for that date and trying to figure them out is the stuff headaches are made of.



    But with the help of some kind folks over at www.vamworld.com and my now improved ability to take very large clear photos we have managed to identify 18 of the 19, and I'm confident that the last one will be nailed down soon.



    My roll turned out to be quite an assortment. Of the 20 coins there are 11 different VAMs, two of which have decent variety premiums (for 1921-P that is).



    My message here is that bulk grading was a great experience and I'm looking forward to doing it again. That means I plan to pay more attention to B.U. rolls at shows from now on.





    He did too.



    Typed it out as he wanted it.



    Not sure if it's the browser FF here or some other quirk.
    theknowitalltroll;
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    lordmarcovanlordmarcovan Posts: 45,154 ✭✭✭✭✭
    Strangely, the paragraph problem is only the case for some people.



    Originally posted by: FadeToBlack

    Mine spontaneously fixed itself somehow, I was having the same issue.




    Same here. After only a day or two days of experiencing problems with it, line breaks are working fine for me.



    It's only when I quote someone - like TopographicOceans' post above- who uses those symbols that I run into trouble and have to remove the carets ("greater than/less than" symbols).



    So it's the exact opposite for me. I get normal line breaks by using the "Enter" key, but no functionality with HTML stuff like those caret symbols.

    Collector since 1976. On the CU forums here since 2001.

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    guitarwesguitarwes Posts: 9,308 ✭✭✭
    Thanks for the story. Bulk subs are the way to go. Keep us posted on the better VAM.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
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    Jinx86Jinx86 Posts: 3,729 ✭✭✭✭✭
    Only thing that has slowed me down on doing the bulk submission is the number of different dates can only be 8, if I remember right. I have just shy of 100 morgans to send in, however the dates are all over the chart.
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    ashelandasheland Posts: 24,531 ✭✭✭✭✭
    You can't beat those prices for slabbing! image
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Great results from a purchase that may have gone the other way... congratulations.

    Cheers, RickO
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    SethChandlerSethChandler Posts: 1,722 ✭✭✭✭
    I have submitted over 2000 coins to PCGS for bulk grading in the last two months, since I bought the shop. Its been a godsend. I am very happy with the results. We all know its quite exciting to get grades, now imagine getting grades at 200/300 coins at a time. I met Mark, the new bulk grading head in Baltimore. Great fellow and indeed PCGS is very lucky to have him. I expect good things to come out of the bulk department.
    Collecting since 1976.
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    Coin FinderCoin Finder Posts: 7,760 ✭✭✭✭✭
    How does this work? What are the requirements?
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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    as



    I



    want



    it displayed...and no problems.




    +1



    ff 35

    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    DennisHDennisH Posts: 14,041 ✭✭✭✭✭
    Originally posted by: thebigeng
    How does this work? What are the requirements?


    Near as I can tell, there are published basic guidelines and then there are WIDE variations given from person to person. But the minimum is 100 coins and grading cost goes up according to the grade. Circs cost us a flat $10 each, the same as MS64. But we could combine Morgans and Peace dollars, and there was no limit on the number of dates.
    When in doubt, don't.
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: Jinx86

    Only thing that has slowed me down on doing the bulk submission is the number of different dates can only be 8, if I remember right. I have just shy of 100 morgans to send in, however the dates are all over the chart.




    The maximum number of dates per submission is 5.
    theknowitalltroll;
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: asheland

    You can't beat those prices for slabbing! image




    PCGS submitting dealers don't pay the same prices as non-dealers. Looks like his submitting dealer did him a favor and didn't charge for his service/s.
    theknowitalltroll;
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    YorkshiremanYorkshireman Posts: 4,613 ✭✭✭✭✭
    So that explains the difference in prices paid by the OP and the posted numbers on the PCGS site.
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    Wow, congrats!
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: Yorkshireman

    So that explains the difference in prices paid by the OP and the posted numbers on the PCGS site.




    Yes and there is also a dealer special in play.
    theknowitalltroll;
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    PCGS doesn't seem to have any interest in fixing it or any of the other known issues since the upgrade




    That's not true at all. Some of these issues are with the software and PCGS can't fix them until the software company does.
    theknowitalltroll;
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    Cougar1978Cougar1978 Posts: 9,932 ✭✭✭✭✭
    Thanks for sharing. I wonder if PCGS (or some other TPG) has bulk service at specific grade or above where your only charged for the coins that make that grade. I have some rolls would like have graded. I know ICG had this at one time. I only want to pay grading on coins that made a minimum grade like MS63 and above, coins below that not graded and I am not charged for them.
    Investor
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: Cougar1978

    Thanks for sharing. I wonder if PCGS (or some other TPG) has bulk service at specific grade or above where your only charged for the coins that make that grade. I have some rolls would like have graded. I know ICG had this at one time. I only want to pay grading on coins that made a minimum grade like MS63 and above, coins below that not graded and I am not charged for them.




    I believe it depends on the "grade through" rate. If 18 of 20 [90%] of ASEs in a tube grade at ms69 or better, you are more likely to get a deal where rejects aren't charged for than you are if your grade through rate is only 50%. Something to discuss with the bulk department.
    theknowitalltroll;
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    ambro51ambro51 Posts: 14,421 ✭✭✭✭✭
    All were dipped, chemically worked on and on every way now an artificial surface and every one straight graded. Boy that confuses me, it really does. When you sell these BU Gems do you intend to tell the buyer you dipped the coin??
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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    Neat story and congrats!
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    BAJJERFANBAJJERFAN Posts: 31,645 ✭✭✭✭✭
    Originally posted by: ambro51

    All were dipped, chemically worked on and on every way now an artificial surface and every one straight graded. Boy that confuses me, it really does. When you sell these BU Gems do you intend to tell the buyer you dipped the coin??




    The TPGs don't consider dipping as detrimental so why should he volunteer it. If a nearly 100 YO coins looks too new, well you can figure that out for yourself and buy or pass as appropriate.
    theknowitalltroll;
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Originally posted by: ambro51

    All were dipped, chemically worked on and on every way now an artificial surface and every one straight graded. Boy that confuses me, it really does. When you sell these BU Gems do you intend to tell the buyer you dipped the coin??








    Hmmm.....



    Careful, and correct, dipping is not considered by the TPGSs, and generally most accepted numismatists, to be a problem.



    The "original skin" may be somewhat removed (ie...the haze, maybe some toning), but the surface is not "artificial" when dipped. When something is applied to it to ADD to the surface, I could see that as "artificial" but not when taking a light layer or haze/etc off the surface.



    As for "chemically worked on", since you already mentioned "dipped", it reads as if you are implying something else was done IN ADDITION to the dip. Reading the OP again, I don't see that.

    Care to expound on your issue here?



    If PCGS dips a coin, do you have a problem with that and should PCGS note that on the labels so "the buyer knows"?

    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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    ambro51ambro51 Posts: 14,421 ✭✭✭✭✭
    Yeah. I have a problem with it. If I "dip" my brown copper in THE SAME CHEMISTRY is it now RD in the eyes of TPGs??? NO. It's Cleaned. (period)
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,097 ✭✭✭✭✭
    I thought paragraphs were indented.



    In any case, Morgans look better toned. In that respect, there are also ways to get those coins toned, but it violates the sanctity of numismatics at it's purest level.

    There's a great hope that one holds out that people will just let them be and never have to mess with them. For the present, and by the testament, it seems to be a lost cause.

    Maybe it's just me, but the idea of treating coins to anything but our objective view in their natural state, seems counterproductive at the same time they're no longer in their original skin and never will be again. And yet, as market acceptance is concerned; it's all about the money, the market and the grade…, rarely the coin.

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