Have the long waiting times for slabs changed your buying/submitting habits?

291fifth · October 20, 2003 12:28AM

With economy and modern submissions taking such a long time at both PCGS and ANACS have you changed your buying or submitting habits? Are you tending to buy things already slabbed that you used to buy raw? Have you shifted some of your business to NGC? How has the long wait affected your collecting?

kieferscoins · October 20, 2003 12:32AM

I haven't submitted in a year. I am gravitatng more towards old slabs and samples more than the coins inside.

Cameron Kiefer

FrattLaw · October 20, 2003 12:41AM

For the most part I've stopped submitting to PCGS. I refuse to pay the higher fees for a turnaround guaranty that they obviously don't honor away. And I don't really feel like fighting for my "free" submissions. Though I do have several free grading offers that I need to send to PCGS. I guess I'll have to wait on these though.

I am still submitting to NGC who just recently turned around an economy order in less then 30 days. And I'm still submitting to ANACS, but only when they have a special. At Long Beach they ran a 5 day Express Special that I took advantage of, and they did get it graded within the terms of their special. I don't think ANACS guaranties their turnaround time though. I wouldn't send them coins under the economy rates, I've heard it's taken just as long as PCGS.

Prior to the turnaround times I've shifted my toned Peace $ to NGC holders and much of my current purchases center around this series and collection. However I am still buying moderns in PCGS holders for a Modern Type Set. I would have tried to make some of the coins for that set, I just refuse to wait so long for grading times.

Overall @ Long Beach I noted alot more NGC slabs then ever before. It might be just my perception, but I think they are slowing eating away @ PCGS's market share.

Michael

Russ · October 20, 2003 2:17AM

No way! PCGS is the best service! All of the other services are inferior. Only PCGS coins are worth owning. All others are worthless and a waste of money. Smart people buy only PCGS!

FanOfModerns

Colorfulcoins · October 20, 2003 2:18AM

Yes it has. Having to wait 50-80 for results isn't a pleasure.......

For coins that are "worth" enough, I'll spend the $30 for 15 day, else, I've cut back on economy coins and when I do submit, its alot of coins at once as opposed to 5-10 coin groups. So I guess the PCGS strategy works based on my submissions - few but larger economy submissions.

jbsteven · October 20, 2003 2:20AM

all my coins that I want back in less than a month go to NGC.

It is a shame PCGS cannot step up and deliver what NGC can.

LucyBop · October 20, 2003 2:22AM

Yeah, Because of the long turn-around times I now submitt more then ever, 1 to 2 submissions a week, and now I have mucho grades rollin in every week.... all economy, after the intial wait is over, they just keep rollin in...

its AWESOME!

Deadhorse · October 20, 2003 3:28AM

In answer to the original question.......yes.

My last two economy batches went NGC and came back in 36 and 31 calendar days respectively.

I have a few in to PCGS right now, 35 days or so and counting. I hope to see them before the Houston Money Show in January.

MadMarty · October 20, 2003 5:25AM

I'm in the same boat as everyone else, unless the coin HAS to be in a PCGS slab (in my case Frankies or Jeffersons), everything else is going to NGC. I still have been submitting moderns to PCGS, but the wait on them is getting longer and longer. I might have to start sending them to NGC also.

09sVDB · October 21, 2003 9:01AM

I don't submit anymore. I dropped my CC membership and only buy certified.

Have the long waiting times for slabs changed your buying/submitting habits?

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