Can dealers submit coins to PCGS/NGC/CAC on behalf of customers?
MKUltra24
Posts: 655 ✭✭✭✭
I’ve been wondering about this for a while.
I have a few (6) coins that I want to send in.
Some are raw and I’d like to get them graded & slabbed.
One is already in an NGC slab but I want to submit it for the CAC sticker because it’s close to the next highest grade.
Can dealers do this on behalf of customers if the customer is willing to pay all the fees & shipping and any other expenses?
Or is there something in the terms of membership that only allows members to submit their own coins?
If it is allowed does anyone know where I can find a dealer to pay to submit mine for me?
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Why not? I assume PCGS has somewhere here a list of authorized dealers. I'd pick one near you and ask him these questions.
Fair enough. I just remember once hearing a coin dealer say “I’m not supposed to submit coins for other people but this was a special circumstance” when he submitted someone’s Seated Liberty Dollar with the CC Mint Mark.
I can’t remember the date on it but I do remember the dealer made it seem like he wasn’t supposed to do it.
But I only asked in case someone here was a dealer and could say either “Yeah I submit customer’s coins all the time.” Or “No, that’s a big no-no.”
Why not, there making a few bucks and it's good customer service yo do that
Well I just wasn’t sure if it was allowed according to PCGS/NGC membership rules.
I mean yeah it can make them a few bucks and it’s good customer service but I don’t think they’d risk their membership in NGC/PCGS to do it.
If they are authorized dealers, they are allowed to. Some do not want to do it. Many will screen and give an idea what grade range to expect.
Yes
Ahh ok so THAT is what I’m looking for! An “authorized dealer”. I guess that’s what my original question was trying to get at. Like where to submit without getting the dealer in trouble.
Is there anywhere you can pay a PCGS/NGC grader to grade & slab coins on the spot? Like coin shows or anything?
Here is a link to PCGS authorized dealers (they go through background checks, pay a fee, get endorsed by s couple present dealers, and get a lower fee for submissions than collector club members)
https://pcgs.com/dealers
On the spot grading is called walk through and available at major shows that the service is at and they say they have onsite grading. The cost is much more and still takes a day.
Most people 'grade' coins to increase the coin value and ease of selling.
You can also join the Collectors Club and submit yourself.
IMO ... yes.
Yes. I've done it before with my LCS. They will most likely charge you a few buck more so they can make something.
Collector
87 Positive BST transactions buying and selling with 53 members and counting!
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Thanks for the info!
It’s much appreciated!
Oh yeah I don’t mind them charging a bit extra as long as it’s not too much.
Like if it’s $35 to submit I will happily pay $50.
Of course they can. And collectors with submission privileges can submit coins on behalf of other collectors, as well. That said, anyone who has someone else submit coins for them should take appropriate/reasonable caution in choosing whom to trust.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Oh yeah for sure. I would definitely submit via a local brick & mortar location.
Then I know where they’re physically located in case something goes wrong.
what an odd thread this one is
You are better off joining the club and using the voucher for either 4 or 8 free submissions. It is very easy to do.
The fees to have someone else do it will be higher than you think. You have to include the cost of shipping items and the dealers time. Especially if you have never purchased from that dealer. There are always problems that can arise when you give your coins to someone you do not know.
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Why add the middleman expense? A lot of dealers will, but not for free.
Just because I don’t want to pay all that money for a membership just for 5 coins.
Plus I looked at the submission forms and they are a bit complicated.
I have no problem paying a dealer some extra just to fill it out and submit it for me.
As others have stated, you can submit to PCGS via:
~ the 'PCGS Collectors Club";
~ or, with the assistance of an "Authorized Dealer".
Link: https://www.pcgs.com/howtosubmit
PCGS grading fees are determined by the type of coin (modern, special issue, etc.), and estimated value. A summary of the 'service level' fees for each combination can be found here.
Note the "Show Services" and associated timing on the first page.
The "Estimated Turnaround Times" for the different 'service levels' can be found here, about 3/4 down the page. Note the disclaimers at the bottom of the chart.
PCGS also offers several "additional services" (e.g., TrueView, Gold Shield, First Strike, etc.). Information on these can be found here, about 1/3 down the page.
Yes
Awesome! Thanks!
I guess I'll look for an authorized dealer in my city.
If you join with the gold membership you get 4 free submissions which covers the cost of joining and allows you to send your own coins for the next year. So it's not a great expense. You will certainly pay more unless you somehow get a free ride on a dealers submission and not likely.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Hmm I didn't know that.
Maybe I should just sign up for gold, submit my coins, and then wait for my membership to expire xD.
Everyones initial PCGS submission involves a 'learning curve'. There are, however, some good online resources to assist with the form. This one, for example, essentially 'walks' you through the form section by section.
Yes, PCGS does show grading at the large shows that they set up at, but it is expensive. I assume NGC does the same thing but I'm not sure about that. You still have to be a member if I'm not mistaken.
Collector, occasional seller
That's what I would do in your shoes. What coins are you sending in?
Collector, occasional seller
...we built this city on rock and roll
Do this only if you know your coins will grade as you expect. You can't mix raw and crossover coins in the same submission, and you probably won't be able to mix 4 from a voucher with the other two you'd have to pay for, and you're on the hook for shipping and handling on every submission.
By going to a dealer who submits on a regular basis, you could piggy-back onto his submission and pay less postage, even if they charge you a couple bucks for helping you out. That dealer might also be able to point out coins that won't grade or shouldn't be graded, saving you even more money.
If you post pictures of what you want graded here, you'll get more detailed guidance.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I'm an authorized PCGS dealer and I have done this for many folks, but I don't do it for everyone. There has to be a level of trust built into the relationship both ways for me to handle the raw coins of someone else for submission.
In honor of the memory of Cpl. Michael E. Thompson
If you can apply your voucher to your first submission, I'd find a friend or 2 to help submit a few coins to use up the "free" submissions. For a single coin for crossover, I'd try to find someone to piggyback with or bite the boolit and pay the price myself. I bet you'd be tearing the hell out of a $100 bill if you did one coin on your own.
The one and only time I've sent coins to PCGS, I looked up a local authorized dealer, went to his brick & mortar and had him handle it. It looked like he was mostly handling bullion in the store, so not sure he was thrilled to do it, but it worked out fine.
I have over 50 coins I want to send for reholdering currently, so I finally joined PCGS as a member this week. Of course, being my initial submission, I have some questions and emailed their customer service address on Monday and have yet to hear back a full three days later. Not sure if that is typical, but it would be helpful to get a faster answer so I can get my submission on the way.
Nothing is as expensive as free money.
You have to pay the shipping either way. If a dealer is sending in a lot of other stuff already, the shipping cost per coin will go down and you might save. Dealers also get discounts, and at least some just charge the published rates, with their profit being the difference. For a small submission in particular, it can certainly be worthwhile to have a dealer send the coins in, even if just to reduce the hassle if not cost.
I've submitted coins for other people using another dealer's account. Pay PCGS their fee and they'll happily grade the coins.
Not sure about PCGS, but NCG will apply your fee to the coins you submit.
https://www.ngccoin.com/about/help-center-faqs/ngc-membership/joining-ngc-and-member-benefits/
In my experience, you are better off calling PCGS (i.e., 800.447.8848).
Call in the AM, and use the "call back" option. When it is your turn in the queue, they will call you back.
When I had my collection graded 20+ years ago, I had a dealer include my coins with his submissions.
One caveat with CAC submissions is that dealers pay the fee unconditionally while collectors only pay for coins receiving a sticker. FWIW.
Well I mean I only have 1 coin I want to submit to CAC so the fee for it shouldn’t be too bad.
If I had a bunch of coins it would be more risky for sure.
This is what I want to submit for a CAC green bean.
I’ve talked to people both here and on the CT forums and most of them agree it should get the sticker.
I know that’s not a guarantee but it makes me want to try and see what happens.