PCGS Crossover special

10000lakes · February 1, 2017 6:37PM

I guess the PCGS pops will continue to rise

pcgs.com/crossover?utm_source=pcgs&utm_medium=spotlight&utm_content=febcrossover

jwitten · February 1, 2017 6:43PM

Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

10000lakes · February 1, 2017 6:48PM

@jwitten said:
Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

(edited to be more clear about grading fees)
I think the $10 grading fee only applies if you are a dealer for the non crossed coins.
The normal grading fees would apply to coins that cross whether a dealer or collector submission.

Rules and restrictions apply:

For PCGS Authorized Dealers, the PCGS grading fee will be reduced to $10 per coin for coins that do not cross.
For PCGS Collectors Club Members, the PCGS Grading fee will not be charged for coins that do not cross.
Coins in ANACS, ICG and NGC holders will be accepted.
There is no limit on the number of crossovers accepted.
The Crossover Special is available for all PCGS show and office service levels except for Show Express.
Crossover special cannot but submitted with any other special, discount or submission.
Vouchers cannot be used in conjunction with the Crossover special.
Fees:
For coins that cross into a PCGS holder, you will be charged the grading fee based on the Service Level chosen at the time of submission.
A Guarantee Premium fee, which is equal to 1% of the value of the coin in its final grade ($5 minimum Guaranteed Premium), will be applied to any coin that crosses into a PCGS holder.*
Any coin that does not cross will be returned in its original holder.
For PCGS Authorized Dealers, you will be charged $10 per coin for each coin that does not cross.
For PCGS Collectors Club Members, you will not be charged the grading fee for any coin that does not cross.
A Handling fee of $10 per order will be charged if the coin crosses or not.
A Shipping fee will apply for office service level submissions and any order submitted for on-site grading that is not picked-up at the show.
Coins submitted to PCGS for on-site grading that are not picked-up at the show will be charged $2.00 per order. This is in addition to any return Shipping fee charged.

ModCrewman · February 1, 2017 6:52PM

Am I the only one that considers this a retaliatory strike for the NGC statement?

10000lakes · February 1, 2017 6:59PM

There might be a few NGC registry set owners that will be looking to do a crossover.
Specify cross at same grade and only pay for the ones that cross would be pretty tempting.

SetRegistryManager · February 1, 2017 7:13PM

@jwitten said:
Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

Collectors Club Members will only be charged the grading fee if the coin crosses, you will not be charged a grading fee for coins that do not cross. Shipping and handling applies regardless if a coin crosses or not.

ModCrewman · February 1, 2017 7:29PM

@PCGSCSManager Any chance coins currently at PCGS awaiting cross-over would be covered by this offer?

younique · February 1, 2017 7:37PM

So, for the coins that cross the customer pays regular fees and shipping/insurance. Why not just cross on your own if you think the coins are worthy, no special needed. Not sure of the marketing methodology. What's the catch?

cameonut2011 · February 1, 2017 7:43PM

I like this. I may send all of my NGC, ANACS, and ICG coins for submission.

10000lakes · February 1, 2017 7:45PM

@younique said:
So, for the coins that cross the customer pays regular fees and shipping/insurance. Why not just cross on your own if you think the coins are worthy, no special needed. Not sure of the marketing methodology. What's the catch?

The benefit of the special is that you don't pay the grading fee for the ones that don't cross.
Old way if you submitted 10 coins for crossover you would pay the grading fee on all 10 even if they did not cross.
For the special you only pay the grading fee on the ones that cross.
In both cases you still pay the shipping and handling fees.

younique · February 1, 2017 7:50PM

Ok, got it. So send in anything that you think may not cross and pay the shipping/handling. Not a gamble most are willing to take. The coins that do, you pay for anyway.

jwitten · February 1, 2017 9:17PM

@PCGSCSManager said:

@jwitten said:
Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

Collectors Club Members will only be charged the grading fee if the coin crosses, you will not be charged a grading fee for coins that do not cross. Shipping and handling applies regardless if a coin crosses or not.

On the link provided, if you scroll down, you see this:

Maybe this is what it normally says, but since it still says it on the link talking about the promo, it made it seem like you still had to pay that fee.

mercurydimeguy · February 1, 2017 9:23PM

Just packaged up an order to send tomorrow

Wabbit2313 · February 1, 2017 9:35PM

My favorite special!

NorCalJack · February 1, 2017 10:23PM

If an NGC coin crosses into PCGS does PCGS forward the NGC label to NGC so they can correct their pop numbers?

ranshdow · February 1, 2017 10:32PM

@NorCalJack said:
If an NGC coin crosses into PCGS does PCGS forward the NGC label to NGC so they can correct their pop numbers?

No, they send the NGC cert back to you with the crossed coin. Useful if you want to try to get CAC approval on a previously approved coin.

astrorat · February 2, 2017 5:43AM

Great deal ... except for that pesky 1% ($5 minimum) surcharge for coins that cross. Coins I want to submit would be "cross at any grade" which means I would pay the surcharge regardless. It's more economical just to crack them and submit raw. However, the protection of no fee for a coin that does not cross is excellent for those who wish to keep coins in the original holder if the coin does not cross.

logger7 · February 2, 2017 6:25AM

I was hoping for this; does it include non-NGC coins? if I were a dealer I would be looking for collectors to avoid that $10 a coin rejection fee even for "cross at any grade" coins that don't get a # and get sent back.

SetRegistryManager · February 2, 2017 7:00AM

@ModCrewman said:
@PCGSCSManager Any chance coins currently at PCGS awaiting cross-over would be covered by this offer?

Orders must be postmarked to PCGS no earlier than 2/1/2017 and no later than 2/28/2017.

SetRegistryManager · February 2, 2017 7:02AM

@logger7 said:
I was hoping for this; does it include non-NGC coins? if I were a dealer I would be looking for collectors to avoid that $10 a coin rejection fee even for "cross at any grade" coins that don't get a # and get sent back.

ANACS, ICG and NGC coins will qualify for this special.

ModCrewman · February 2, 2017 7:44AM

Thank you David. I assumed that was the case, but figured I had to ask since the crossover submissions I have in are literally my first ever.

bigjpst · February 2, 2017 8:19AM

I am assuming coins can be dropped off at Long Beach?

oih82w8 · February 2, 2017 8:41AM

I just now received the email on this "special" @ 0937 CST

SetRegistryManager · February 2, 2017 10:31AM

@bigjpst said:
I am assuming coins can be dropped off at Long Beach?

Yes, coins can be dropped off at the Long Beach Expo. You can submit coins for on-site grading (all on-site service levels excluding show express), or office grading (all office service levels included).

illini420 · February 2, 2017 10:35AM

Glad to see this special has been extended to coins at lower service levels and for office grading. Great news!

Less excited about the $10 fee per coin charged to authorized dealers that is not charged to regular collectors club members...

AMRC · February 2, 2017 10:46AM

Dear PCGS:

For PCGS Authorized Dealers, the PCGS grading fee will be reduced to $10 per coin for coins that do not cross.
For PCGS Collectors Club Members, the PCGS Grading fee will not be charged for coins that do not cross.

Shouldn't this be the other way around, after all the money we spend a year?

10000lakes · February 2, 2017 11:18AM

@AMRC said:
Dear PCGS:

For PCGS Authorized Dealers, the PCGS grading fee will be reduced to $10 per coin for coins that do not cross.
For PCGS Collectors Club Members, the PCGS Grading fee will not be charged for coins that do not cross.

Shouldn't this be the other way around, after all the money we spend a year?

I think it means that being a dealer your suppose to know which coins will cross and us collectors are not as smart

messydesk · February 2, 2017 11:31AM

I have one early federal and one colonial I'd like to cross, and, dadgummit, I have to submit them separately. I can't even pay extra to do them both express, which would actually save me money. Great special, but not being able to combine return shipping between invoices is still as irritating as ever.

NorCalJack · February 2, 2017 11:45AM

So I have a coin in an NGC holder and it is attributed with a variety. Do I have to submit this coin in a separate submission with the other x-over candidates or can I submit them all together. I don't care if the x-over is attributed with the variety or not. I plan on submitting several PCGS coins for attribution in a separate submission anyway.

DennisH · February 2, 2017 12:01PM

@jwitten said:

@PCGSCSManager said:

@jwitten said:
Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

Collectors Club Members will only be charged the grading fee if the coin crosses, you will not be charged a grading fee for coins that do not cross. Shipping and handling applies regardless if a coin crosses or not.

On the link provided, if you scroll down, you see this:

Maybe this is what it normally says, but since it still says it on the link talking about the promo, it made it seem like you still had to pay that fee.

There's a SERIOUS typo on the no side of the diagram... without the word "not" (as in "you are NOT charged...") it says we STILL pay a grading fee for coins that don't cross.

Dave99B · February 2, 2017 12:37PM

THANK YOU PCGS for this great February special! Can't want to submit 10-15 coins.

I even have a few lowball ICG gold coins I can't wait to move over --- these slabs have been bugging me for years.

Dave

golden · February 2, 2017 12:44PM

I have already crossed the handful of coins that I had in other holders.

oldgoldlover · February 2, 2017 12:53PM

I have one NGC coin and it is going of to PCGS. As far as stated pops they may go up some for rare coins as most have already been to PCGS. The accurate pop numbers are lower but they will never be accurately known. I think PCGS smells blood and the teeth are emerging from the jaws and NGC is the wrong end of the food chain.

Wabbit2313 · February 2, 2017 12:58PM

@AMRC said:
Dear PCGS:

For PCGS Authorized Dealers, the PCGS grading fee will be reduced to $10 per coin for coins that do not cross.
For PCGS Collectors Club Members, the PCGS Grading fee will not be charged for coins that do not cross.

Shouldn't this be the other way around, after all the money we spend a year?

You guys are going to charge the customer no matter what, so you are making more money at 10 bucks than you normally would.

Also, jury is out on if the average dealer spends more with PCGS than some of us dummies! I dropped 3 grand in grading at FUN alone!

DIMEMAN · February 2, 2017 1:27PM

I'll be sending my non-PCGS coins in!

SetRegistryManager · February 2, 2017 5:11PM

@NorCalJack said:
So I have a coin in an NGC holder and it is attributed with a variety. Do I have to submit this coin in a separate submission with the other x-over candidates or can I submit them all together. I don't care if the x-over is attributed with the variety or not. I plan on submitting several PCGS coins for attribution in a separate submission anyway.

As long as all coins submitted on the same submission form are crossovers, you're not mixing U.S. and World coins and they qualify for the same service level then you can keep them on the same submission form.

On the submission form, if you do not want the variety, indicate "ok to cross without variety."

If you would like to have the coin reviewed for a variety during this crossover submission, you do not need to put it on its own submission form as long as it follows the same guidelines I mentioned above, simply check the "Variety Attribution" box on the line corresponding to that specific coin.

SetRegistryManager · February 2, 2017 5:37PM

@DennisH said:

@jwitten said:

@PCGSCSManager said:

@jwitten said:
Hmm, I thought it sounded like a decent deal, but I have questions. It made it sound like no fee if it does not cross... but then I see you still pay a grading fee, just not a 1% guarantee premium fee. What does that fee even mean? I would cross a bunch over if I did not have to pay a GRADING fee on ones that don't cross, but it looks like you still do.

Collectors Club Members will only be charged the grading fee if the coin crosses, you will not be charged a grading fee for coins that do not cross. Shipping and handling applies regardless if a coin crosses or not.

On the link provided, if you scroll down, you see this:

Maybe this is what it normally says, but since it still says it on the link talking about the promo, it made it seem like you still had to pay that fee.

There's a SERIOUS typo on the no side of the diagram... without the word "not" (as in "you are NOT charged...") it says we STILL pay a grading fee for coins that don't cross.

Based on some confusion this may have caused, we are in the process of updating the wording for if coins do not cross.

We apologize for any inconvenience or misunderstanding this may have caused.

davewesen · February 2, 2017 7:34PM

So if I had a NGC 1960 25c MS65 Type B reverse, I could do this cross at same grade? And if it did come back same grade I would pay variety to get the Type B back on? What if it did not cross? would I still pay the variety attribution?

Aspie_Rocco · February 2, 2017 7:56PM

@messydesk said:
I have one early federal and one colonial I'd like to cross, and, dadgummit, I have to submit them separately. I can't even pay extra to do them both express, which would actually save me money. Great special, but not being able to combine return shipping between invoices is still as irritating as ever.

I called 18004478848 then pressed 2 after message plays today and specifically asked about multiple crossovers.
I was told that
"20 crossovers on A SINGLE invoice are acceptable during this promotion. " yay for saving on shipping!
Only wish I had more to cross

Look out Jefferson nickel guys I'm going to unleash some varieties in my registry soon. Nothing top pop though

Coin Finder · February 2, 2017 8:08PM

Can you submit US coins and Foreign coins on the same Invoice?

Mb423 · February 2, 2017 11:04PM

@AMRC said:
Dear PCGS:

For PCGS Authorized Dealers, the PCGS grading fee will be reduced to $10 per coin for coins that do not cross.
For PCGS Collectors Club Members, the PCGS Grading fee will not be charged for coins that do not cross.

Shouldn't this be the other way around, after all the money we spend a year?

Maybe you can find a collector to submit for you

Bochiman · February 3, 2017 12:25AM

@thebigeng said:
Can you submit US coins and Foreign coins on the same Invoice?

David said "no" in a response just a few posts above, but hours prior:

@PCGSCSManager said:

@NorCalJack said:
So I have a coin in an NGC holder and it is attributed with a variety. Do I have to submit this coin in a separate submission with the other x-over candidates or can I submit them all together. I don't care if the x-over is attributed with the variety or not. I plan on submitting several PCGS coins for attribution in a separate submission anyway.

_As long as all coins submitted on the same submission form are crossovers, you're not mixing U.S. and World coins and they qualify for the same service level then you can keep them on the same submission form.
_

On the submission form, if you do not want the variety, indicate "ok to cross without variety."

If you would like to have the coin reviewed for a variety during this crossover submission, you do not need to put it on its own submission form as long as it follows the same guidelines I mentioned above, simply check the "Variety Attribution" box on the line corresponding to that specific coin.

WaterSport · February 3, 2017 7:26AM

Why did they even offer this when they are back logged ????

WS

messydesk · February 3, 2017 8:31AM

@Aspie_Rocco said:

@messydesk said:
I have one early federal and one colonial I'd like to cross, and, dadgummit, I have to submit them separately. I can't even pay extra to do them both express, which would actually save me money. Great special, but not being able to combine return shipping between invoices is still as irritating as ever.

I called 18004478848 then pressed 2 after message plays today and specifically asked about multiple crossovers.
I was told that
"20 crossovers on A SINGLE invoice are acceptable during this promotion. " yay for saving on shipping!
Only wish I had more to cross

Colonials fall under the "special issue" service level, which is why I have to have two invoices and two return shipping charges.

TwoKopeiki · February 3, 2017 8:41AM

Graders are about to get a lot of overgraded dogs to look at.

fivecents · February 3, 2017 12:10PM

Okay, thanks PCGS !

Looks like it's time to submit this beauty for a cross over.

Currently in a NCG AU58 holder.

Bochiman · February 3, 2017 1:01PM

Sweet 50c piece!!!

Crossover special must be a good thing....CLCT is up $4 today as I type this!

illini420 · February 3, 2017 1:07PM

@Bochiman said:
Sweet 50c piece!!!

Crossover special must be a good thing....CLCT is up $4 today as I type this!

I was really happy looking at my retirement account today Nice pop for the day!

Strong earnings last quarter, in particular strong numbers from China, I think were more of the reason for the strong bump today... but promos like this crossover special certainly help the bottom line if customers use them.

dbtunr · February 3, 2017 1:50PM

@illini420 said:

@Bochiman said:
Sweet 50c piece!!!

Crossover special must be a good thing....CLCT is up $4 today as I type this!

I was really happy looking at my retirement account today Nice pop for the day!

Strong earnings last quarter, in particular strong numbers from China, I think were more of the reason for the strong bump today... but promos like this crossover special certainly help the bottom line if customers use them.

Don't know what to think of last quarter. Was it a one time thing the 400,000 Chinese coins? They essentially stuffed the channel and used sell to rather than sell through accounting. If the Chinese Mint doesn't sell those 400,000 coins to actual people they won't re-order more coins this quarter or next. Even with the record revenue and coin volume of 919,100 coins, they still burned cash meaning they did not cover the dividend. The effective tax rate was lower than normal as they used NOLs in China. I don't know how to value the company. Is it an $18 stock or a $25 stock? No one loves these guys more than me but I don't need a home run anymore therefore I just don't need the risk. If I was a holder, I'd sell over $25 and buy under $18.

But back on topic, it appears that PCGS is far, far ahead of NGC. All the top coins are moving into PCGS holders. The top 20 coins sold last year were all PCGS coins. That's a powerful statement.

Wabbit2313 · February 3, 2017 3:21PM

I love the crossover timing. I plan on sending my returned NGC labels straight to Mr. Salzberg.

Aspie_Rocco · February 3, 2017 3:45PM

I am still sort of new to this concept. Can someone explain why a crossover is better than just cracking it out and submitting it raw?

I have a few Cherrypickers varieties from Anacs and the other company that I want in pcgs holders in the most cost efficient method...

PCGS Crossover special

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