Who Submits the Most Coins to PCGS and NGC?
JSsson
Posts: 891 ✭
I believe that this subject may have been discussed before, but it's something that I've wondered about.
Who is the largest submitter by volume to the two major grading companies? Who is believed to be the single largest submitter by volume of coins to PCGS? How about NGC? How many coins do they submit a month to the services?
I belong to the collectors club to both companies, and I submit coins for grading occasionally. What it considered a large submission by dealer standards? To the dealers who post here, your imput would be gladly welcomed.
Who is the largest submitter by volume to the two major grading companies? Who is believed to be the single largest submitter by volume of coins to PCGS? How about NGC? How many coins do they submit a month to the services?
I belong to the collectors club to both companies, and I submit coins for grading occasionally. What it considered a large submission by dealer standards? To the dealers who post here, your imput would be gladly welcomed.
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Comments
not sure, but heard Tulving from CA did alot of business
someone mentioned CU corporate report said one submitter who in the past had 30% of PCGS total volume was sick last year
<< <i>why do you ask?
not sure, but heard Tulving from CA did alot of business
someone mentioned CU corporate report said one submitter who in the past had 30% of PCGS total volume was sick last year >>
No ulterior motives for me asking. I was just curious since there has been some debate in the past about which company actually submits the most coins for grading. I remember Heritage has been mentioned before, and I would like the people who are in the know to possibly verify that.
Jerry
<< <i>Who Submits the Most Coins to PCGS and NGC? >>
What about Pepperdoodle (a.k.a. Doops).
<< <i>I've had three submissions and about 15 coins, can anybody do better than that? >>
I have one submission with 16 coins at PCGS right now, unfortunately it hasn't even been entered into the 'puter yet.
Silvertowne, Tulving, Heritage are among some of the companies that submit many coins to the grading services.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>There are about a half dozen dealers who submit over 2000 coins each for on-site grading at the larger conventions.
Silvertowne, Tulving, Heritage are among some of the companies that submit many coins to the grading services. >>
2000 coins for same day grading at one show? That's a lot of coins!
How many companies or dealers submit that many coins for grading at the shows? Before this thread I thought a submission order with more than 50 coins was a lot of coins.
The reason I use him for my submissions is the cost is 1/3 the rate of what I had to pay as an individual submitter as he gets a wholesale dealer rate and only hits me up for a buck apiece above his cost for my regular submissions. When I remarked he had to be one of NGC's largest submitters, he said he knew although he was a high-volume dealer, he was only in the middle of the pack. Should be a scary thought for you modern collectors who shell out big bucks for MS68's and MS69's when you consider how many moderns are TPG'd every year. (Personally, 95% of my coins I'm slabbing are pre-1940 which are being sold via various venues as I'm disbursing the bulk of a fifty-year collecting career).
(edited for spelling)
<< <i>...unfortunately it hasn't even been entered into the 'puter yet. >>
Rumor has it that they like to allow the coins a week or two to acclimate to the California weather before opening the submission packages.
Yeah, that's it.
PCGS, ANACS, & NGC Certified Coins on My Website.
<< <i>I know of several dealers who spend $100,000.00 a MONTH or MORE on submissions. They have staffs dedicated to the paperwork and "process". >>
.....WOW...
opened it up and resubmitted it. Would it bring back the same grade?
Realizing coins grading is subjective, but is there any sense of preferential treatment
for some entity that spends 100k per month over someone spending 100.
YES, there is preferential treatment with regard to who sends coins in, IMO.
Many of the coins I have sent in (and I'm a little guy ..under 5 grand in grading fees this year) could easily be 65 but came back 64......But let's not kid ourselves. If we were to buy a car at a dealership and another guy comes in to buy a fleet of cars for his business, who do you suppose the dealer is going to run to and wait on ? The guy who is gonna help pay the lease or mortgage first.... that's who ! ...this is totally understandable to me. Obviously the graders don't care, they are checking coins, but when a thousand of the same coins come in together, will they be under the same scrutiny in grading as a SINGLE submission ????? Probably not !
as for the crackout game...... I cannot answer that because I am always afraid if I crack a PCGS slab, it's like a mortal sin and I am not ready for the guilt complex associated with it........LOL
``https://ebay.us/m/KxolR5
<< <i>as for the crackout game...... I cannot answer that because I am always afraid if I crack a PCGS slab, it's like a mortal sin and I am not ready for the guilt complex associated with it........LOL >>
haaaa... well i was really just asking the rhetorical question about fair treatment.
it does seem that any business venture would be beholden primarily to who gives the most business.
But when it comes to a type of judgeship business such as a grading company, preferential treatment
can come to no good in the end, it will either implode or be supported soley by these large money barons.
Which may be quite alright with them, maybe they wouldn't really miss the little person.
just a nobody's opinion of course.
<< <i>The coins are out there. These firms have huge multi-million dollar inventories. Many of them you have never heard of nor will you ever deal with.
Don't be surprised if you bid against a "crackout" dealer in auction (one of their fav buying haunts).
If a coin has a 30% or better shot, someone of these guys will give it a try. >>
This is a very dangerous game--at auction if you think you're bidding against a crackoutter, you may actually just get run up on a coin that the dealer juat owns and pay to much. On the other hand I've done pretty well if I pick out top eye appealing coins at preview, then watch when some dealers bid against me.
If you want a name, and I have no idea if Rare Coin Wholesalers is a crackout firm, but have done OK watching their bidders (sometimes photed in Coinworld) going after a coin I liked to start with. You just have to be careful and not pay full retail for an undergrade at the next higher grade value. If you don't love the coin at preview to start, it can be very expensive to play that game.
There probably is preferential treatment for any dealer who submits thousands of coins to the grading services at any given time. I would imagine that if one submission consisted of only one or a few coins then the graders would have more time to srcutinize it than if an order consisted of one thousand coins. At one thousand coins per order, the graders probably feel that they don't have the time to spend to much looking at one coin, and therefore would more likely miss some details or imperfections on a few of the coins.