PCGS Grading question

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slugfootball
slugfootball Posts: 103
in PCGS Set Registry Forum
Hello to all,

I'm about to submitt about 20 Ike's this weekend at L.B.

I never really thought about it before.
Do you think the graders at pcgs take into account your listed value
of a specific coin when grading?
IMHO I don't think they really have the time to look. I was told on modern
coins they spend about 20-25 seconds a coin.

I would be curious as to your thoughts.

Mike

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  • COINDOG
    COINDOG Posts: 402
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    image
    Usually declared value is for insurance purposes only. It's pretty obvious that the time spent per coin is not much. I have heard 7 seconds per coin, and 10 seconds per coin. It could not be much more than that, considering the millions of coins that they grade.
    We, as collectors may lovingly devote a lot of time to our coins, but it would not be practical for a grading service to do likewise.
    The only time they would deviate from this would be if the coin was high profile, say the 1804 Childs dollar, or if there was a huge price difference beteween grades.
  • Gandyjai
    Gandyjai Posts: 1,380 ✭✭
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    Hi Mike!

    I don't think they have the time or desire to try to figure out how much what is what on Ikes.
    I ususally just figure a round-off amount per coin and keep it consistant through the whole
    invoice. Say,...20 Clad Ikes @ $150 each = $3,000 total. Some will make the grade you want
    odds are that most won't (at least in my case lately!)
    Either way, you want the total to be representive of what it would cost you to replace the coins should
    they somehow get lost.

    Plan on doing the grading challenge? Weren't any Ikes in it at FUN!

    Good Luck and Happy Hunting in Long Beach!
    Brian

  • saintguru
    saintguru Posts: 7,728 ✭✭✭
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    NO. The coins go in raw with no documentation. They grade, enter it into a computer and a consensus grade is reached. It is then compared with the submitted grade.

    It would be very nice if we could just inflate the grade by inflating the est. value!
    image
  • Russ
    Russ Posts: 48,514 ✭✭✭
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    << <i>I was told on modern
    coins they spend about 20-25 seconds a coin. >>



    More like less than half that.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC

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