My next PCGS submission
Goob
Posts: 608 ✭✭✭✭✭
I just sent out my next submission to PCGS. I want y’all to know I do want to focus on whether or not a submission is “worth” it or not, which I believe ai achieve with the GSA, as well as maybe the 20c. I don’t want to let any of the vouchers go to waste.
Anyway, here’s what I got submitted:
1875-S 20c - Est. Ag3 / G4
1941-P 50c - Est. MS64, shot 65
1882-CC $1 (GSA) - Est. MS62, shot 63
Picture I took day-of acquisition
Picture I took right after getting the coin, prior to putting it in the Capital Plastics holder
Picture I took on the way to the post office
I did the math on the vouchers and factoring in 45 for grading fees times 8 for vouchers, (membership level), there’s $110 of leeway total (not including shipping and insurance) so I don’t necessarily think there’s too much to lose so long as I do decent enough, I could maybe break even?
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Comments
I dont see much upside on submitting these coins. Good luck and I hope it turns out good for you !
Got vouchers, so why not?
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
To be fair the GSA I just wanted some extra protection
As for the 20c, I don’t have any experience with the denomination and since they’re iffier I just want to be extra sure of authenticity
The Walker I sent in just to use a voucher, though since I see it grading well (I do want to be selective with what I send in, don’t worry on that front!) it’ll make a nice coin for my short set!
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i think your grade estimates are in the ballpark, but I don't see the "shot" grades as a possibility, IMO.
Collector, occasional seller
What do you want “extra protection” for the GSA dollar? Based on the one side you showed, it looks like a 62 and not worth the cost of grading.
The portion of the Walker that I can see doesn’t look like a “shot” 65.
In a different post you wrote “(I do want to be selective with what I send in, don’t worry on that front!) it’ll make a nice coin for my short set!” But the three coins you posted appear to contradict your being selective.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
First I do want to say the coins look a bit better in-hand, though you could 100% be right, I know for a fact you're multiples more knowledgeable than me; the Walker I think looks like it could merit a 65, the photos just don't do the coins justice...
With the GSA, even though it's easy enough to protect it, I don't think I can do that with the way I handle my coins (I'm not rough, but accidents do happen, sometimes quite frequently) and having the PCGS case can simply make that...not a worry for me. The 20c is in a similar area where while it isn't submitted for grade purposes (since it doesn't have much going on there), I don't have any experience with the denomination and I want to be sure I got what I
As for selection, with my budget, this Is about as selective as is possible for me. While likely not financially worth it, I do want the highest quality coins in my collection and I think having at least some grading experience is good since when I'm older and I can_hopefully_ afford better coins, I want to have the experience it takes so I don't have to stumble through the submission process (physically or online) myself, since I already messed up on vouchers in a prior submission and had to pay $200 out-of-pocket...
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Submitting for grading can be fun or excruciating depending on personal experience and wait times. It sure beats gambling where the house almost always wins.
I've experienced both unfortunately, so I 100% agree
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Even though we disagree on some of these matters, I give you credit for putting a lot of thought into to your decisions! Best of luck with your submissions and I hope you get a great deal of enjoyment out of your collecting.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Goob, take a look at what ANACS or ICG (under new ownership) offer. Costs are lower, economy value ceiling is higher, turnaround times are (I think) quicker. They may be a good way to scratch the grading itch without breaking the bank.
Superb collections are built more by omission than by addition.
I did use ANACS in the past (which I do want to sometime), but as for Morgans I wanna go for PCGS, NGC, or CACG (which I'm only submitting to PCGS for Morgans, formerly NGC) - If you don't remember it was the 12-coin "megasubmission" (by my tiny standards
) I had posted a while back, around when I first joined. ANACS and PCGS are probably my preferred companies though. (Seeing as ICG is improving, I could certainly give them a try though, maybe just a worthy coin to test)
To be completely honest here, after I got my first graded Morgan (a PCGS-certified 1882-P, MS62) back in 2023, I've been buying almost no raw coins (with some exceptions, of course), so I don't have nearly as much to submit!
"Another day, another Collectors Universe forum scrolling session."
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Thank you mark!!
Means a lot to me coming from you
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
I try to impart a small nugget of wisdom on my children (actually, a lot of them, I'm not sure it helps though lol.) The bit goes something like this:
Mess up small.
It's about making small mistakes now so you'll avoid making larger mistakes later. I want my children to learn not to steal when they're young, in a convenience store, with a package of Smarties, rather than at age 22 with a Bentley and a key of cocaine.
Mess up small to avoid messing up big.
I think what you're doing to "learn" the grading system is smart. Is there a "tuition?" of course. Is it worth submitting certain low grade or common coins? Perhaps not from a resale standpoint, but if it will instruct you to make better and more informed decisions in the future, it's a big deal that you really can't easily put a price on.
I've done this with CAC. Over the years I've learned to evaluate coins with more precision. There was a time when I really didn't know what people were talking about when they talked about PVC hazing. Now I do, now it's really easy to see most of the time. A numismatic expert next door could have done the same, but I don't have one of those, so CAC was the one. CAC made it easier because early on they would let collectors submit, if the coins weren't accepted as CAC, they wouldn't charge you. That was one move that made me realize John Albanese is really a coin collector at heart, he cares about the hobby, the history, and the integrity of the industry.
Keep doing what you're doing. It's ok to be excited about submitting coins that may not be financially viable. A few years down the road you'll be more refined and judicious, or not. It's a hobby, hopefully at least you're enjoying yourself.
I'm BACK!!! Used to be Billet7 on the old forum.
Here are photos of both sides of 2 coins, if anyone is interested
(I don’t have pics of the 20c since I, for some reason, never took any)
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- Someone, probably
Well said @SimonW
Superb collections are built more by omission than by addition.
The thread title alone invites me to even consider a “next” , after the last 7 or 8 submissions.
I know we have business to run and hobbies to support but come on already
It is a waiting game.
Guess how many “genuine” don’t get a grade.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
While I would not have chosen the same coins for submission that you have, well maybe the walker as a gamble; I hope the grades are as you expect.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The 20c is genuine and, just looking at the obverse, seems to be a nice well circulated coin that hasn't been messed with.
I know I'm late to the party and you stated the coins were already sent, but I will give you a little insight into how I think about the process anyway. Please feel free to ignore it.
The 1882-CC Morgan seems like you are willing to drop an additional sunk cost. What I mean by this is that these GSA Morgan dollars are pretty popular in their original hard plastic shells from the late 1970s, but once they are broken out and submitted for certification that mystique of the hoard largely evaporates. Certainly, the coin is still a CC Morgan dollar and folks love those and certainly it is still MS, and also it will be in a smaller profile PCGS holder so lots of folks might prefer that. However, even though many of these coins still exist in the GSA holder, we are losing the holders slowly but surely and each one that goes to PCGS for a new smaller holder is one less for those folks who just have to have a GSA holder. Again that is not your problem or responsibility to solve, it just is what it is. Of course if PCGS now puts these large GSA holders into even larger cases then that point is moot, but I don't know if they do that. Regardless, if you think the coin is an MS62 or MS63 what really is the upside? It is common (relatively) with huge price compression and exceptionally liquid as-is.
So, I have no issue with the coins you sent in and I understand it is actually lots of fun to "generate" slabbed coins and sometimes you get a terrific surprise, but I always tried to look at future liquidity or the cost analysis prior to submission. Good luck!
In honor of the memory of Cpl. Michael E. Thompson
To be fair though I have it so PCGS doesn't remove the coin from the GSA hard pack, though my main point in having it certified is not mainly for the grade but to have the extra level of protection, since I know over time it'll get "too scuffed" for me. Thank you for your thoughts though!
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I don't understand @Goob. If you are having it graded in the GSA holder, what "extra level of protection" do you get by having PCGS put a label on it?
They put the GSA holder into their own plastic holder which protects the GSA holder from scuffing, which PCGS is the only TPG to do this
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