Might be worth just using the show as a drop off for regular grading tier and then plan for a pick up once they are taken back to CA an grading is completed. Show grading is much more expensive per coin.
Seated Half Society member #38
"She comes out of the sun in a silk dress, running like a water color in the rain...."
Mfeld---I'm not sure on the merit of the coins, did submit 8 of the coins last year and got grades of ms62-64 on them. All coins got appraised in 1990 for like 50k. Just dont like shipping, would rather take them myself, if they will take all of them
Also, it should be noted that PCGS current quarterly special would be a very economical way to get them holdered but the special would not apply to show grading.
@duckhitc said:
Mfeld---I'm not sure on the merit of the coins, did submit 8 of the coins last year and got grades of ms62-64 on them. All coins got appraised in 1990 for like 50k. Just dont like shipping, would rather take them myself, if they will take all of them
By dropping the coins off, as you plan to do, you’re already avoiding shipping one way. You could still do that, but have them graded through a regular grading tier and shipped back to you, thus saving the extra show grading fee. That’s of course, your call, but it sounds like a large potential savings.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@duckhitc said:
Mfeld---I'm not sure on the merit of the coins, did submit 8 of the coins last year and got grades of ms62-64 on them. All coins got appraised in 1990 for like 50k. Just dont like shipping, would rather take them myself, if they will take all of them
Common date MS62 to 64 really aren't necessarily worth grading. They are only selling for the bullion value for a lot of types. If they are $1 or $2.5, or better dates/types, that would be a different story.
All comments reflect the opinion of the author, even when irrefutably accurate.
@duckhitc said:
Mfeld---I'm not sure on the merit of the coins, did submit 8 of the coins last year and got grades of ms62-64 on them. All coins got appraised in 1990 for like 50k. Just dont like shipping, would rather take them myself, if they will take all of them
Common date MS62 to 64 really aren't necessarily worth grading. They are only selling for the bullion value for a lot of types. If they are $1 or $2.5, or better dates/types, that would be a different story.
Agreed, though if someone is already apparently OK paying higher show-grading fees for such coins, it’s hard to imagine they’d forgo grading, altogether.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If doing show grading makes you feel less angst or reduces problems with shipping for you then I suggest you go for it. You can typically submit that quantity of gold for show grading if you submit the coins early enough in the show. Good luck.
Good advice here. I like @MFeld's suggestion best, but will take it a bit farther, as I suspect the concern about the mail is both hassle on your end and fear of loss in transit on the way back. I could be wrong.
Submit at the show. Break it down into multiple submissions, which will then be returned separately. If it's 100 coins, break it down into 5 submissions of 20 (this is the line item count on a standard submission form anyway, last I checked). List the full value expected for each coin.
Let PCGS handle it from there, including shipping them back to you. The fee savings will be noticeable.
You'll get those 5 (or however many) packages back probably over several days or maybe even a week or two. These should start to arrive about 45 to 60 days after the show based on my experience, and PCGS is very good about advance notice emails and carrier responsible, signature-required deliveries.
The risk factor, if that is your concern, may be better overall too. You'd have to consider transporting them TO the show, waiting until the end or near the end of the show for grading completion, and then picking them up and transporting them FROM the show back home. What that entails in your case I'm not sure about, but it sounds like you'll have a package that is not easily insurable (or concealable) on your person, especially on the return journey, and risk of loss may be one of your (or your sister's) concerns.
Just thoughts ...
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Comments
Are you sure the coins merit the extra cost of on-site grading? Many coins don’t.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Might be worth just using the show as a drop off for regular grading tier and then plan for a pick up once they are taken back to CA an grading is completed. Show grading is much more expensive per coin.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Mfeld---I'm not sure on the merit of the coins, did submit 8 of the coins last year and got grades of ms62-64 on them. All coins got appraised in 1990 for like 50k. Just dont like shipping, would rather take them myself, if they will take all of them
Also, it should be noted that PCGS current quarterly special would be a very economical way to get them holdered but the special would not apply to show grading.
Windy... I know, I have 8 coins ready to ship on the qtr special but my sister stop me and wants to go to a show to submit all the coins we have
By dropping the coins off, as you plan to do, you’re already avoiding shipping one way. You could still do that, but have them graded through a regular grading tier and shipped back to you, thus saving the extra show grading fee. That’s of course, your call, but it sounds like a large potential savings.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Common date MS62 to 64 really aren't necessarily worth grading. They are only selling for the bullion value for a lot of types. If they are $1 or $2.5, or better dates/types, that would be a different story.
All comments reflect the opinion of the author, even when irrefutably accurate.
Agreed, though if someone is already apparently OK paying higher show-grading fees for such coins, it’s hard to imagine they’d forgo grading, altogether.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If doing show grading makes you feel less angst or reduces problems with shipping for you then I suggest you go for it. You can typically submit that quantity of gold for show grading if you submit the coins early enough in the show. Good luck.
In honor of the memory of Cpl. Michael E. Thompson
Good advice here. I like @MFeld's suggestion best, but will take it a bit farther, as I suspect the concern about the mail is both hassle on your end and fear of loss in transit on the way back. I could be wrong.
Submit at the show. Break it down into multiple submissions, which will then be returned separately. If it's 100 coins, break it down into 5 submissions of 20 (this is the line item count on a standard submission form anyway, last I checked). List the full value expected for each coin.
Let PCGS handle it from there, including shipping them back to you. The fee savings will be noticeable.
You'll get those 5 (or however many) packages back probably over several days or maybe even a week or two. These should start to arrive about 45 to 60 days after the show based on my experience, and PCGS is very good about advance notice emails and carrier responsible, signature-required deliveries.
The risk factor, if that is your concern, may be better overall too. You'd have to consider transporting them TO the show, waiting until the end or near the end of the show for grading completion, and then picking them up and transporting them FROM the show back home. What that entails in your case I'm not sure about, but it sounds like you'll have a package that is not easily insurable (or concealable) on your person, especially on the return journey, and risk of loss may be one of your (or your sister's) concerns.
Just thoughts ...
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Forum bug..will try to edit:
Weird..it didn't like my text only post. Hopefully this is legible.
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