Its $300 to reholder a Shield coin??
ACop
Posts: 1,479 ✭✭✭✭✭
What the heck goes into the process these days?
1
ACop
Posts: 1,479 ✭✭✭✭✭
Comments
Yikes. Don’t drop those.
That can’t be right
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
I hope that was supposed to be $30
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Looks like it is, but only for coins valued at greater than $100,000.
why would you need to reholder a GoldShield? I also am thinking it is for ultrararities, but who knows?
I think the reholder fee is $12.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
Does the guarantee change? Insurance to cover damage during the reholdering process? (Never heard of that)
If not, I don't see why the fee should vary.
Hey all, the reholder fee for coins up to $3,000 is $12 (does not include Gold Shield)
from $3,000 to $100,000 the fee is $17 (includes Gold Shield)
$100,000+ the reholder fee is $300 (includes Gold Shield)
Possible reasons for a reholder: anything from wanting a new generation holder or replacing a holder that has been damaged
Heather Boyd
PCGS Senior Director of Marketing
Because cherubs do the job and they don't work cheap.
My Saint Set
Hey, I changed the oil in my beater by myself for the price of the oil and filter. The oil change for the cars others may own run around $300 and they can afford the fee the "cherubs" ask.
According to the Internet Archive, that showed up in the capture on 22Feb2019 https://web.archive.org/web/20190222092325/https://www.pcgs.com/servicesandfees
It was not there on 29Oct2018 https://web.archive.org/web/20181029044357/https://www.pcgs.com/servicesandfees/
ANA 50 year/Life Member (now "Emeritus")
That is a bit much.
Great transactions with oih82w8, JasonGaming, Moose1913.
Wow... I would think that is a misprint...but if not, there should be a logical explanation. Cheers, RickO
The amount of the authenticity guarantee is so much higher (the amount that PCGS might have to cough up, in extremis, is much higher), so the cost of that "insurance" is so much higher???
Possibly something like that.
I realize that it is a reholder, but when do "insurers" not think about getting another premium?
I'm sure that's for ultra rarities. It costs $5 per coin to have it holdered gold shield for regular so why in the world would it be $300 to reholder?
That's what I was thinking in my first post but the PCGS response didn't address it. The coin is already holdered and presumably covered by a guarantee. Did it change? If not, then the fee difference can only be because of the coin's value.
Most of the $300 is probably acts as some kind of 'insurance' in case one of these was damaged or God forbid, dropped during the reslabbing process. Jmo.
Thanks for clearing it up. The chart is a little confusing with the reholder above it having no shield next to it, makes it seem the shield coins must be in the 300 bracket.
That's a bit rich. Is it worth it?
I hardly ever drop and damage the holders for my $100,000+ coins.
Smitten with DBLCs.
So the guy with the Toyota pays $2.50 per gallon at the pump, but the guy with the Rolls pays $75.00...
Great transactions with oih82w8, JasonGaming, Moose1913.
$300 for a oil change? What car?
100% Positive BST transactions
Thanks for the clarification !!!
Ferraris.
If the seller of the gasoline thinks there’s a chance of the cars being damaged during refueling, yes. Otherwise, I don’t think your analogy is anywhere close to apples to apples.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Understood, but from a practical stand point, what are the odds of damage? My understanding is that the services have special equipment that can easily separate the two halves and not produce shards to damage the coin.
Wait, I drive a Toyota, where's this $2.50 per gallon gas you speak of?
Like this?
Even better than that, but that looks handy as well.
I see it slightly differently....
The guy with the Toyota pays $2.50 to have valet parking and a spot.
The guy with the rolls has a valet and spot but pays $75 for it... which one probably is taken care of better....maybe a wider parking spot and more experienced valet....?
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
But --- do you get roadside service and towing....?
Just a little over that here.
There's only one way to "fuel a car" at this gas station, so to speak, and they do it probably a thousand times a day, so that's no excuse.
Great transactions with oih82w8, JasonGaming, Moose1913.
Fair enough. In that case, the owners of the cars that are worth six figures are getting a bargain if they have an attendant fill the tank, have their cars insured against any damage incurred and don’t have to pay a hefty surcharge.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I don't care if a $100,000 coin costs $300 to re-holder. That's chump change to someone who can afford a $100k coin, and if they don't like it, they can fight their own battles.
What I find interesting is that the price structure is so granular, such that a $99,999 coin is $17, and a coin a dollar higher is $300! Even Uncle Sam eases you into higher tax brackets!
But is there any coverage? The phrase assumption of risk comes to mind.
For purposes of the analogy, there must be coverage.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Much over that here. NZ$2.40 per litre. Someone else can do the math. I’m on holiday...
Smitten with DBLCs.
By me in NJ the cheapest is an off-brand for $2.69. That includes about 50¢/gal state tax.
Helpful link: https://www.gasbuddy.com/
Great transactions with oih82w8, JasonGaming, Moose1913.
Who decides what is "worth" or "valued"?
...that’s about US$6.02 per gallon...but you can probably drive around your entire country a couple times with one tank so it all equals out
PCGS based presumably on its Price Guide (the same thing it uses the calculate the 1% for rarities pricing and for the guarantee premium for reconsideration and crossover submissions).
And how long do they need to wait for parts...
The owner, mostly. Lots of submitters understate a coin's value to save on return shipping fees or to squeak under the cap of a cheaper service. I have done this many times and never been called on it (but I never tried anything ridiculous).
The risk is that something happens to the coin. PCGS will never pay more than what the submitter declared.
As @cameonut2011 said, PCGS determines the value when it comes to 1% premiums, guarantee buybacks, etc. The Price Guide isn't used for those. PCGS arrives at a value based on what a dealer would likely pay.
Lance.