I have at least 1000 coins that need certifying NOW

Boom · January 30, 2004 4:38AM

With all that's going on, just what am I supposed to do? Wait for PCGS to catch up. expand or what? This is just the older uncirculated Washington Quarters on hand...not counting commemoratives, Gold or original bank wrapped rolls of other types! Now, if PCGS is losing that much money with just one guy-ME...how much are they losing on the grander scale because of the terrible turnaround times? I do not want my coins in other services' slabs yet I cannot AFFORD to continue waiting on PCGS to address this situation! What to do-what to do?

SOMEBODY needs to take measures to fix this problem!

LucyBop · January 30, 2004 4:43AM

the longer you wait too submit, the longer it takes...

I've been in the process of submitted my many many raw coins... alittle at a time....

a submission a week....

dorkkarl · January 30, 2004 4:45AM

I'ts worth the wait! Only PCGS for me! PCGS coins are worth more because they are the best! Why did you think it takes them so long?

Wailstreetman

LucyBop · January 30, 2004 4:46AM

dorkie, it is worth it to me....

dorkkarl · January 30, 2004 4:58AM

then by gum, it's worth it to me too!!!

K S

Russ · January 30, 2004 4:59AM

<< With all that's going on, just what am I supposed to do? >>

Send them to PCI.

Russ, NCNE

DHeath · January 30, 2004 5:03AM

And the reason there are 1000 is because 950 of them only work in PCGS plastic as bulk economy?

BillJones · January 30, 2004 5:06AM

Well I took coins to NGC on January 16, paid the $28 "early bird" rate, and got them in the mail today.

You do have alternatives.

baccaruda · January 30, 2004 5:07AM

Buy a book on grading and grade em yourself.

baccaruda · January 30, 2004 5:09AM

WailStreetMan -

You forgot the exclamation point at the end of your last sentence.

dollardude · January 30, 2004 5:20AM

Send them to P.O. Box...

Boom · January 30, 2004 6:02AM

I don't get a bulk rate....yet! As far as any other grading service goes...I think I've made it clear that all I want MY coins in are PCGS slabs! My grading ability still doesn't put them in PCGS slabs, Barracuda... and Russ let me explain this to you one more time-nice and slowly- whereas you MIGHT understand finally...I cherrypick other slabs to put IN TO PCGS slabs...and if you think I'm by myself, you're sadly mistaken. !

You have the nerve to talk about spamming yet carry yours around with you! Bwahahaha

1jester · January 30, 2004 6:03AM

Send them to NGC. PCGS will have to clean up its act if it really wants to remain a top TPG.

Dabigkahuna · January 30, 2004 6:04AM

Great! That's just what I need.

Another thousand coins to bump my two month old or more submissions back even further!!!

Unfortunately, it's true, the longer you wait the longer it takes.

I just see where the modern turn around time is up to 50 days!

Larry
Dabigkahuna

itsnotjustme · January 30, 2004 6:08AM

What makes it imperative that they be certified NOW? They have lived happily for 60+ years free to breath the air, touch up against other coins of the same denomination, and clink softly when touched.

Seriously, get a large batch out to PCGS soon. Are they $300+ coins going regular service or less than $300 coins that can go economy. If they are below $300 I'm not sure what makes the situation so urgent. If it is that urgent, use ANACS.

Boom · January 30, 2004 6:12AM

big kahuna...did you miss this part?....."This is just the older uncirculated Washington Quarters on hand" Now, just exactly what part of this phrase has to do with " moderns"?

razorface1027 · January 30, 2004 6:12AM

With all that's going on, just what am I supposed to do?

Sell me the dates that I need to fill my Whitman book. Then and only then, I will permit you to submit them for grading...TeeHeeHee...

Boom · January 30, 2004 6:20AM

What's so urgent you ask? Judging by the # of items you and Barracuda have up for auction, I think you MAY be able to deduce a conclusion! It's called "Inventory"...I don't want to have zero items for sale! Next question...bring it!

Russ · January 30, 2004 6:27AM

You off your meds again, Boom?

Russ, NCNE

relayer · January 30, 2004 6:34AM

Maybe it's just me, but if I were going to spend $15,000 in submission fees, I'd be asking about getting a $7,000 discount by a bulk submission.

BTW, what is the value of the coins that you want to spend $15,000 in grading fees on?

In other words, what is your plastic to metal ratio in dollars?

baccaruda · January 30, 2004 6:35AM

I'm not a dealer.

Manorcourtman · January 30, 2004 6:36AM

Send em to NGC....they are fair and will be back in less than 3 weeks. Just my opinion. Of course I could be right.

Dabigkahuna · January 30, 2004 6:58AM

Boom,

I did miss that.

There are a number of dealers I have spoken to that simply won't submit to PCGS when they are backed up like this. They go to NGC usually.

My ranting about the times in general is because I have had my coins take three months at PCGS before and I swore I wouldn't wait that long again. I sent them in when the posted turn around times were back to normal. None of that obviously means anything since here they are sitting around the grading room for two months.

Some are were meant for resale and others are keepers but it's just doesn't seem right to advertise a turn around time that has no bearing on the how long it will really take. I have submissions in under regular, modern, world modern, economy and world! They are all going to take longer than the posted times.

Still, I don't know of any other way to get them done exeat to go ahead and ship them. It gets to be like a juggling act, trying to keep coins available to sell while you're waiting for the new slabs. As soon as I get close to 20 coins on a submission I send it in to keep things flowing. It works for me except when things get really backed up like now.

G'luck and let us know what you end up doing with that pile of Washington's.

Larry
Dabigkahuna

Boom · January 30, 2004 7:01AM

Relayer...I'm working on that. I sure am! The older quarters in question are all in the MS 65-67 range. I could send them in one invoice at a time but that's crazy-too much needless shipping. One great big load would do the trick and then we'll move on to other types in rolls- Silver Eagles in their original presentation boxes from 86 thru the mid 90's- Gold Eagles-same thing and then all the Kennedys - Statehood Quarters still in their original rolls. Everything happens for a reason. You are so right there is a huge cost difference. 43 years of collecting top notch material ..man, when I ever get all this stuff PCGS certfied-WOW. The hurry is the fact that I don't like putting things off. Some of the material is easily worth in excess of $300 a coin- Frankly I have a hard time believing what I saw-that PCGS 69 Louisiana Quarters(for example) auction for around $400 a coin. Wonder how many of those are on hand in all these original Bank Wrapped rolls that I have stashed. I definitely meet PCGS' criteria. I've already checked into it. It's just a matter of making it happen. Nobody buys raw and I don't blame them...lots of so-called dealers cannot grade. We all see these over-graded "problem coins"! My "hobby" is my living...amongst other things. One more thing before I go tend to my dogs. The meds are fine Russ...maybe you ought to try getting on something. I'm not sure they make medication that can help you. Maybe a Xanax a couple of beers and about a 10 minutes with Ms. Russ every now and then wouldn't hurt! Might change your attitude a little....there IS a Ms. Russ, isn't there?

MacCoin · January 30, 2004 7:04AM

hey boom! hows it hanging buddy. plasic or not they are the same coins if they aren't for resale or a registry set what the big deal. keep them raw.

topstuf · January 30, 2004 7:04AM

Tell them that you are Kahunacoins, Ltd. and would like to begin certifying coins with them at a rate of 1000 submissions per day for your new Japanese numismatic banking connection.

But.......your new bank affiliation wants to see how quickly they can get them back to use to exchange US dollars for other assets.

THEN.....see how long it takes.

Boom · January 30, 2004 7:09AM

Barracuda, if you sell coins - you're a dealer! It's like offering drugs for sale every now and then...you're still a dope dealer even if you do it once- you still dealt dope! Or like a woman who provides a "service" just every now and then...BIG DEAL...She's still a ......... Hey Mac.. what's up? Been a while. They WERE and still are collected to cherrypick and to sell when the time is right. Just like all these rolls of nickels-the time is getting right!

abuell · January 30, 2004 7:10AM

<< Buy a book on grading and grade em yourself. >>

Best advice that I've seen here in a long time!

Boom · January 30, 2004 7:17AM

Only problem with grading them yourself , for re-sale is that Joe public doesn't know who to trust. Someone even stole Russ' entire item not so long ago-right down to the entire text, certification # and all. The guy was going to shaft someone and the buyer was going to wind up with nothing! I know how to grade but the public's not going for it! I'll be back...gotta go-the last thing I need is a half dozen angry pit bulls waiting on me-late with the food!

LucyBop · January 30, 2004 7:25AM

<< << Buy a book on grading and grade em yourself. >>

Best advice that I've seen here in a long time!
>>

I do know how to grade them myself, which is why I send in GEM coins only for grading.....

itsnotjustme · January 30, 2004 7:32AM

<< I think you MAY be able to deduce a conclusion! It's called "Inventory"...I don't want to have zero items for sale! >>

So if you are a dealer trying to sell PCGS slabbed coins, why do you have 1,000 raw early Washington Quarters? I started a thread about submissions being like savings bonds... build a ladder by sending in a submission every couple weeks. You will always have something coming out ready to sell.

I have nothing for sale because I do not make a living from selling coins. Yes I sell some--you can see from my feedback and my posts on the B/S/T board. Most are extras from submissions that do not go into my personal collection, coins I no longer need, or coins where I bought a nicer example. I have items on hand I want to sell, but don't have the time to list them.

You have several options:

Use PCGS regular 30 day or express 15 day service for the $300 plus coins (or even the others if in a big hurry)
Use PCGS economy for the lower value coins and put up with the wait
Use another grading service
Sell them raw
Hold them
Combination of all of the above

Boom · January 30, 2004 9:37AM

Now THAT, Brian....I respect....A STRAIGHTFORWARD ANSWER ! Thank you.

DHeath · January 30, 2004 9:47AM

Boom, economy will always be busy because so many more coins "work". It's just math. Not saying your coins fit this category, but suppose you owned a raw $5 coin that would be worth $25 holdered. Now suppose bulk was $8, and shipping 20¢. Now figure you intended to list it on Ebay ($1.50), and you took paypal (.30¢). The $5 raw coin makes $10 profit. If you sent it alone at $30, you'd lose your rear. Send a few rolls (100 coins) and you make $1,000.

baccaruda · January 30, 2004 9:53AM

I sell small parts of my collection to raise money for parts of my collection I want to expand. My coins are like my cars - I have a hard time parting with them. I don't peddle with the intent of profit as far as my hobbies go.

Bochiman · January 30, 2004 9:57AM

Create your own grading company then.
The thing is that if you want a certain company's grade/seal on it, then you play by their rules.

I think PCGS has an idea on how much they may not be getting in $$$ and what people are feeling and the risks.
But, for them to fix it so quickly would likely mean that standards go down. Do you want that?

I, luckily at this point, am *just* a collector. I have never sent anything anywhere to be graded. So, I don't know your pain. I listen to you, and others, gripe about PCGS's delays but I also think it is people that have sent in tons of things that have clogged the system.

So, you want to send in your 1000 coins to be graded. Wow! I don't even have that many total. Wonder how long that would clog things up for other people with submissions?

2004 SAEs just got released. Everyone wants to get theirs graded...by the boxload. Wow! Wonder how long that is clogging things up.

From what I have seen, David Hall is trying to get things better....by doing it the right way.....good, experienced, people to grade will get hired (hopefully). If I am buying PCGS, I wouldn't want them to just try to fix things helter skelter.

Now, maybe PCGS needs to revisit their processes a bit and hire a statistician or two (someone who can help them streamline things would be good too), but, I doubt it will do much good for awhile.

Maybe it is just fun to start threads like this and vent though?

baccaruda · January 30, 2004 10:01AM

43 years of collecting top notch material ..man, when I ever get all this stuff PCGS certfied-WOW. The hurry is the fact that I don't like putting things off.

I think 43 years might be considered "putting things off" - or did you cherrypick and grade 1,000 coins in the past few days?

itsnotjustme · January 30, 2004 10:06AM

Boom · January 30, 2004 10:29AM

Ya know Rick, you really ought to think things out before you spew them out your mouth! Think about it. Coin collecting was D E A D for many years but I stuck with it and sandbagged quality coins every chance I got instead of blowing it on other things. I , too, have had many fine collectable cars- big deal-they have come and gone -as have the many people in ALL our lives- but the coins are still here as pristeen as the day they were minted! I don't call this putting things off- I call it having foresight and speculating! I am "putting off" having great volumes of coins certified at full rate for obvious reasons-the reasons Dheath just touched on! I will tend to my affairs just as I always have therefore if you do not have an ANSWER or a something constuctive to add to an honestly asked question-just save it OK? I said what I meant-when I finally get all these Gem+ coins in PCGS slabs I will only add to my present net worth! And when I cash in my chips at the end of this game called life, St. Jude's Childrens' Hospital will be the beneficiary of EVERYTHING I own.. EVERYTHING because I have no children...therefore what I am doing is for others-those kids/ my wife etc...it's all laid out in my will-Is there anything else you would like to add, Rick? The whole point IS...there has NEVER been a better time for Numismatics than right now!

kranky · January 30, 2004 10:35AM

Boom, how have you done on your submissions so far? Are most coins coming back slabbed with the same grade you expected to get?

relayer · January 30, 2004 10:36AM

It's a good thing you listed them in your will, because you might be dead by the time you get them back from PCGS

Boom · January 30, 2004 10:40AM

Relayer...that genuinely IS Funny

Kranky=to answer your question-the answer is yes!

baccaruda · January 30, 2004 10:56AM

Well, they've been raw for 43 years and you can't wait another 3 months to get them into plastic? You want it done faster? I guess you walk into PCGS and make them grade yours first at gunpoint. Other than that, what do you want to hear?

clw54 · January 30, 2004 11:13AM

Here's a suggestion, Boom. Submit the most valuable ones using Regular at 15 days, and the cheaper ones economy. You'll at least get some back fairly quickly.

doop · January 30, 2004 11:27AM

<< With all that's going on, just what am I supposed to do? Wait for PCGS to catch up. expand or what? This is just the older uncirculated Washington Quarters on hand...not counting commemoratives, Gold or original bank wrapped rolls of other types! Now, if PCGS is losing that much money with just one guy-ME...how much are they losing on the grander scale because of the terrible turnaround times? I do not want my coins in other services' slabs yet I cannot AFFORD to continue waiting on PCGS to address this situation! What to do-what to do?

SOMEBODY needs to take measures to fix this problem! >>

hey boom, get em in to me asap
i'll pre-screen and submit and your tat (turn around time) will be faster

plus coins that dont need the slab fee wasted on them will save you $$

at your service for free...

baccaruda · January 30, 2004 11:39AM

I need 30s-40s Washingtons for my Dansco set. Give me a price for some, send them to me raw to look at. If the prices are good I'll save you them problem of wrapping em in plastic.

relayer · January 30, 2004 11:47AM

Somehow I knew Boom and Doop(s) could communicate with each other (even though the singular doop seems to understand the concept of a paragraph now)

doop · January 30, 2004 11:49AM

<< Somehow I knew Boom and Doop(s) could communicate with each other (even though the singular doop seems to understand the concept of a paragraph now) >>

ahh shut up u arsewhole

Boom · January 30, 2004 1:10PM

Thanks Doop- I suppose I need to talk to you first because I have a drawer full of sur fire 66's and maybe better taht are the real money makers - that's aside from teh rolls that I haven't screened. Rick if you'll give ne some dates I'll show you what I'm made of and grade them conservatively...just give me some dates! PM is fine Rick

BAJJERFAN · January 30, 2004 1:20PM

<<"I've been in the process of submitted my many many raw coins... alittle at a time....

a submission a week....">>

Is that what they call "submission cost averaging"?

LucyBop · January 30, 2004 1:27PM

huh? thats what they call insuring I have freshly graded coins always coming in......

nugget369 · January 30, 2004 3:26PM

Is that a 1963 Vette you have there? Very Nice!!!
As far as your Washingtons are concerned, send them all to NGC. Right now NGC is on top of their game,
with a level of consistency which is unparalleled in the industry. NGC maintains integrity, and that can not be said for every grading service out there. Perhaps your quarters would be worth slightly more in PCGS slabs, but that doesn't make the coins any better. I am sure the childrens hospital will be plenty appreciative with whatever they receive.

I have at least 1000 coins that need certifying NOW

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