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PCGS Costs
skerke
Posts: 404
I notice a lot of coins in pcgs holders selling for at or under the economy price of getting the coin slabbed $18/$14 Does PCGS give better prices to dealers than collector club members? I know they have their quarterly free grade (coin dependent) for gold and platinum members, but this still doesn't explain it. Even if the individual received the coinf for free and then paid to certify it, by the time ebay listing and selleing fees, as well as the shipping cost to pcgs and the grading fee, each coin is a loss of money.
Any insight is appreciated.
Skerke
Any insight is appreciated.
Skerke
0
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Russ, NCNE
1) A lot of coins are submitted that, frankly, shouldn't be, based upon their potential value in the holder vs. the cost of the grading - many submitters don't know how the coins will grade (and/or or make losing gambles) and end up throwing money/grading fees away.
2) I believe that there are discounts for very large/bulk submissions of certain coins/types, but I do not know the particulars.
I'll search and then call, but this board is faster than that for quick answers.
Thanks for the info and insight and rapifd replies, I barely hit the submit key and there were answers posted.. Thanks.
1. Submitters make mistakes, i.e. they submitt coins that they feel should be a certain grade and when it comes back a lower grade the value is below the certification fee in some instances.
2. Collectors Club members sometimes submitt very low value coins as part of their "free grading" bonus for joining the Clollectors Club. Frankly, I don't understand this strategy and I would advise all new Collectors Club members to use this "free grading" for their most expensive coins.
hrh
Edited to add a third source...some people are working on complete sets and need a few of their low value coins certified for completion.
<< <i>Russ is probably more up to date on this than I but I recall bulk being $8 >>
It went up January 1 when the other fees went up.
Russ, NCNE
<< <i>Now $5 makes sense. >>
That's $5 per coin for the no grade coins if the minimum percentage isn't met.
Russ, NCNE
<< <i>Now $5 makes sense. I'll have a hundred coins to submit and will read up on tthis/contact customer service. thanks again. >>
skerke,
Don't want to disappoint you but if you are thinking of sending 100 different coins of a particular series or combined series for less than the established economy pricing you may be out of luck. As others have said, the bulk rate refers to large groups of a particular coin whereby you request that they slab ONLY those coins that meet the minimum grade and don't slab the others. You pay $10 if the coin slabs and $5 if it doesn't. Russ, please confirm this as I only remember this from awhile back. I, of course, don't qualify in any case. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
i would like to know more about this too russ, do you mind telling a little more about the bulk submission program !!
i never have understand it,and everone tell, something differ about it.
littlejohn
Minimum 100 coins.
No more than two different coin types (same denomination, date, MM) - in other words, 50 of each.
Set a single minimum grade across the entire submission.
$10 for each coin that meets the minimum grade and is holdered.
MORE for any coin that exceeds the minimum grade (I think $12, but not sure).
If less than 60% (approximately) meet the minimum, the no grades are charged at $5 each - BUT:
In any case, the minimum cost for a submission of 100 coins would be $500, even if NONE make your minimum.
Now for dealers (and maybe club members) who submit is really huge volume, PCGS is more flexible.
Russ, NCNE