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At what point do lengthening turnaround times impact demand?
Boosibri
Posts: 11,882 ✭✭✭✭✭
World coin turnarounds seem to be stretching further and further out. With economy now at 40 days, regular at 30 days and express at 13, this mean realistically nearly 1 month bare minimum if express and perhaps 3 months for economy.
At what point given the relative strength and speed of NGC in this space does the extended time actually lead to demand destruction?
At what point given the relative strength and speed of NGC in this space does the extended time actually lead to demand destruction?
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DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Anyone submitted to PCGS Europe? It says 2-3 weeks turnaround on their website and doesn't differentiate between grading tiers.
8 Reales Madness Collection
Regular submission outside of the grading week is about at US averages +/-.
Latin American Collection
Latin American Collection
tick tock
Yup, both of my express submissions (grading and cross-over) are on the 11th business day, but I don't think I'll make the registry cut-off. Most likely will get grades early next week.
(sad panda)
8 Reales Madness Collection
Latin American Collection
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Not so much?
I have 67 coins on the US side in two different tiers. I expect the Regular Tier lot to come in end of next week and Economy to come in two weeks after.
Long time since I've even wanted to ship out World stuff for grading due to the fees and slow turn around.
World coin turnarounds seem to be stretching further and further out. With economy now at 40 days, regular at 30 days and express at 13, this mean realistically nearly 1 month bare minimum if express and perhaps 3 months for economy.
At what point given the relative strength and speed of NGC in this space does the extended time actually lead to demand destruction?
Last order took nearly 3 months...have another regular in house since 5/5. Brutal!!
Almost takes the joy out of making your own coins.
I talked to them on Tuesday. Said they are really behind on World. 2-3 months for Regular. Forget economy.
They just might not care about turn around times...If there is no premium competition, nor threat of decline in demand, there might be no imminent reason to spend $$ to improve something unless either of the two market pressures change.
What does "no premium competition" mean? Care to expand a bit more on that thought?
I'd consider people taking their business to NGC to be valid competition pressure...especially, since (IMO) NGC still has the preference of most non-USA world coin collectors (except the Aussies and the 8 Reales portrait series collectors it seems).
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My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
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Latin American Collection
tick tock
Yup, both of my express submissions (grading and cross-over) are on the 11th business day, but I don't think I'll make the registry cut-off. Most likely will get grades early next week.
(sad panda)
Have your submissions come back? Mine is still in process on day 15 for express.
Latin American Collection
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
8 Reales Madness Collection
81209096 263357 1802-Mo FT/M 8 R XF45 Mexico
81209097 403216 1811-Mo HJ 8 R Draped XF45 Mexico
Still waiting on the cross-over.
8 Reales Madness Collection
1802 FT/M is the scarce variety and the first one certified by PCGS
1811-HJ Draped Bust is a colorful coin that fits an open slot in the set, but more importantly it was my present to my-then-girlfriend-now-fiancé years ago early in our relationship that she kept carefully wrapped in a napkin all this time. Nice memento that should be protected.
8 Reales Madness Collection
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
8 Reales Madness Collection
Latin American Collection
8 Reales Madness Collection
After these, I'm done with using PCGS for anything I'm planning to sell and will just do 1-2 submissions a year for my personal collection.
8 Reales Madness Collection
That is the time frame currently posted on the site for regular submission.
Today was day 36 for a Cayman Island gold piece I submitted at the PCGS Members Only show in New Orleans in May.
That is the time frame currently posted on the site for regular submission.
Have you accounted for all holidays and days when PCGS was at a show? Those all come out to get to the number of business day
Latin American Collection