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PCGS Guidance for Presidential Dollar Coins

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  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    Your coin is a perfect candidate for the Tri-ViewTM gasket but, unfortunately, we don't have one yet in your size.

    Thanks, I guess I will wait a little longer.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • 66Tbird66Tbird Posts: 2,858 ✭✭✭
    Interesting 5Cimage



    << <i>The coins will be oriented in the gasket so that the date and mintmark are clearly visible.**** >>



    Since the lettering placement is random, and the coin will be placed so the date and mintmark is veiwable, there could be a premium on coins in high grade that have the edge lettering placed in a way that allows the obverse to be straight in the holder.

    Just a thought.
    Need something designed and 3D printed?
  • ConnecticoinConnecticoin Posts: 13,109 ✭✭✭✭✭
    The First Day in Gem grade might end up being very scarce. The only way to cherry pick these will be to acquire a ton of these on the 15th, sort through them, and get the good ones packaged up and sent out before the PO closes!!

    Otherwise, if you submit mint sealed ones without being able to go through them, I forsee a lot of low MS grades (62/63).
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    I'm gonna get me a folder and stick mine in it.

    above it i'll write: in gold letters

    day before first day release.


    steve
    Good for you.
  • How do I get them soon enough to be postmarked the 15th? The mint won't due. Did most banks have them?
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>How do I get them soon enough to be postmarked the 15th? The mint won't due. Did most banks have them? >>



    Most banks should have them or at least access to the through their distributor. I ordered ahead of time, it might be worthwhile for you to check with your local banks.

    So the idea is pick them up the morning of the 15th and ship them off by the afternoon. image (Not worth it)


  • << <i>So the idea is pick them up the morning of the 15th and ship them off by the afternoon. image (Not worth it) >>



    Exactly. That's pretty much what I said in another Prez $1 thread. That time line is rediculous. The Mint doesn't start selling them until that date, and most banks won't hand them out until that date, and one has to get their submissions in THAT DAY? What a joke. PCGS would make more money on this designation if they let people have a few days to get their coins gathered up.

    image
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    How are you gonna handle these so as not to get finger prints on the sides. LOL

    I think the key will be to buy very early when the first batch hits ebay, before the buzz is or maybe created.

    Who knows what they will bring. First day of release could be a very tough grab in a high grade.

    Those of you able to grab them now and sort through hundreds if not thousands have a huge advantage.

    My stinking bank is not getting them at all. I think I will show them and withdraw my $57 and see how they like that. LOL



    image
  • KaelasdadKaelasdad Posts: 1,232 ✭✭✭
    Is the labeling an "either or" type of thing, i.e., colorful label or First day of Issue, or will there be the option of having First Day of Issue on the new coloful label?
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Coinking, can you tell us what the grading fees will be for bulk submissions?

    And I am guessing that we can still submit a minimum accepted grade correct?

    Thanks Rob
    image
  • originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    Best of luck - I hope the PCGS three-pronged gasket is clear. I've yet in my life to see as ugly a holder as the NGC pronger - apparently many in the slabbing biz failed basic aesthetics appreciation.
  • I'm in small town Michigan. We've two banks and a credit union here. There is a good chance if I ask for gold presidential dollars the tellers wont have a clue what I'm talking about. Not only that but I work Thursday. I'm shut out on this one.
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>Best of luck - I hope the PCGS three-pronged gasket is clear. I've yet in my life to see as ugly a holder as the NGC pronger - apparently many in the slabbing biz failed basic aesthetics appreciation. >>



    Still hoping that Ron is able to post some pictures. This series might be worth it just for the newer slab technology. i.e. it might add some life to the mediocre coin designs. image
  • coinking, are you saying that if i order directly from the mint on the first day of sale it is too late to get first day of issue? as far as i know the local bank i deal with will not have these on the 15th, does this mean i am out of luck? thanks.
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.


  • << <i>Is the labeling an "either or" type of thing, i.e., colorful label or First day of Issue, or will there be the option of having First Day of Issue on the new coloful label? >>



    The First Day of Issue and the colorful insert will be offered together.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com


  • << <i>Best of luck - I hope the PCGS three-pronged gasket is clear. I've yet in my life to see as ugly a holder as the NGC pronger - apparently many in the slabbing biz failed basic aesthetics appreciation. >>



    Your hopes have been realized...the gasket is clear.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com


  • << <i>Coinking, can you tell us what the grading fees will be for bulk submissions?

    And I am guessing that we can still submit a minimum accepted grade correct?

    Thanks Rob >>



    Check with our Bulk Department for pricing. I believe the minimum grade has been set at MS-66, and we're offering a "Brilliant Uncirculated" version for MS-65 (and lower) grades at a reduced price.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com


  • << <i>I'm in small town Michigan. We've two banks and a credit union here. There is a good chance if I ask for gold presidential dollars the tellers wont have a clue what I'm talking about. Not only that but I work Thursday. I'm shut out on this one. >>



    I feel your pain. I'm having trouble finding them in San Diego just to have a few to hand out to friends and to show to people.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com


  • << <i>

    << <i>Best of luck - I hope the PCGS three-pronged gasket is clear. I've yet in my life to see as ugly a holder as the NGC pronger - apparently many in the slabbing biz failed basic aesthetics appreciation. >>



    Still hoping that Ron is able to post some pictures. This series might be worth it just for the newer slab technology. i.e. it might add some life to the mediocre coin designs. image >>



    May apologies...I totally forgot to get a sample imaged for the boards. I'll put that first on my "to-do" list tomorrow.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com


  • << <i>coinking, are you saying that if i order directly from the mint on the first day of sale it is too late to get first day of issue? as far as i know the local bank i deal with will not have these on the 15th, does this mean i am out of luck? thanks. >>




    If the Mint ships on the 15th and you send us the sealed package, that will work. Otherwise, you'll need to get them from a bank. Unfortunately, like you, I'm discovering that a lot of banks either didn't know about these coins or didn't care to order them. I'm hopeful that the banks will be better prepared for the second coin, but that doesn't help anyone now.
    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com
  • tmot99tmot99 Posts: 5,238 ✭✭✭


    << <i>Interesting 5Cimage



    << <i>The coins will be oriented in the gasket so that the date and mintmark are clearly visible.**** >>



    Since the lettering placement is random, and the coin will be placed so the date and mintmark is veiwable, there could be a premium on coins in high grade that have the edge lettering placed in a way that allows the obverse to be straight in the holder.

    Just a thought. >>



    Um, I'm guessing the 3-prong gasket will rotate, not the coin.imageimage


  • << <i>

    << <i>Interesting 5Cimage



    << <i>The coins will be oriented in the gasket so that the date and mintmark are clearly visible.**** >>



    Since the lettering placement is random, and the coin will be placed so the date and mintmark is veiwable, there could be a premium on coins in high grade that have the edge lettering placed in a way that allows the obverse to be straight in the holder.

    Just a thought. >>



    Um, I'm guessing the 3-prong gasket will rotate, not the coin.imageimage >>



    You got it. The coin will rotate in the gasket and the gasket will rotate in the holder, hence the date and mintmark will always be visible and the coin will always be properly oriented.

    Ron Guth
    President
    PCGS CoinFacts - the Internet Encyclopedia of U.S. Coins
    www.CoinFacts.com
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    Ron, thanks.... you make a valid point on the collectabillity of first strike with some collectors, it is a hobby afterall. I plan on sending you guys some coins just not first strike, so I hope PCGS and other members here don't hold me responsible for any stupid comments I have made or will make in the future. ;~) image

    dadgummit that sounds like the same thing I said to my wife last night....



  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Let's see if I have this Presidential Dollar Coin opportunity correct.

    1.) A HOLDER.

    A.) A PCGS holder - collectible in its own right.
    B.) A new type of PCGS holder with the Tri-View™ gasket showing the side of the coin - additional collectibility.
    C.) A first of this new style of holder, possibly replaced by a better design - additional collectibility, as "the original" Tri-View™ holder.

    2.) AN INSERT.

    A.) A PCGS insert - collectible in its own right.
    B.) A new optional "First Day of Issue" insert - additional collectibility, as we have seen with, for example, the First Strike™ Gold Buffalos.
    C.) Also available with the custom-designed colorful "Custom Inserts" - additionally collectible subsets of the Presidential Coin Series.

    3.) A COIN.

    A.) A first in the Presidential Coin Series, featuring George Washington - proven collectibility.
    B.) A U.S. Mint product in "mint condition" with a minimum MS66 grade - a very collectible grade.
    C.) An intrinsic, or "face" value of $1.00, and possible numismatic interest potentially creating added value.

    I'd say that this is a slam-dunk, 'cept for that "numismatic interest" thing. image


  • << <i>Let's see if I have this Presidential Dollar Coin opportunity correct.

    1.) A HOLDER.

    A.) A PCGS holder - collectible in its own right.
    B.) A new type of PCGS holder with the Tri-View™ gasket showing the side of the coin - additional collectibility.
    C.) A first of this new style of holder, possibly replaced by a better design - additional collectibility, as "the original" Tri-View™ holder.

    2.) AN INSERT.

    A.) A PCGS insert - collectible in its own right.
    B.) A new optional "First Day of Issue" insert - additional collectibility, as we have seen with, for example, the First Strike™ Gold Buffalos.
    C.) Also available with the custom-designed colorful "Custom Inserts" - additionally collectible subsets of the Presidential Coin Series.

    3.) A COIN.

    A.) A first in the Presidential Coin Series, featuring George Washington - proven collectibility.
    B.) A U.S. Mint product in "mint condition" with a minimum MS66 grade - a very collectible grade.
    C.) An intrinsic, or "face" value of $1.00, and possible numismatic interest potentially creating added value.

    I'd say that this is a slam-dunk, 'cept for that "numismatic interest" thing. image >>



    I believe intrinsic means the actual value of the metal in the coin. A coin would have 3 values, intrinsic, face & numismatic.
    John
    Chance favors the prepared mind.
    imageimageimage
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Perfect. We can enjoy our three values along with the three sides. What a deal!
  • I know Ron is going to post a photo of PCGS's holder...but I thought I would share a photo of what NGC is doing across the street. Looks like a 4 prong approach...

    image
    image
  • TheNumishTheNumish Posts: 1,628 ✭✭
    Ron,
    Thank you for posting this info. It's very appreciated. Wasn't planning on sending any coins to PCGS but think I will be sending a few hundred.
  • pf70collectorpf70collector Posts: 6,737 ✭✭✭
    Found them at my bank but they won't release them until tommorow. Definitely will do the bulk submission on these. Thanks for the information. First in the series first day of issue. Only time will tell. I wonder if they minted all these already. For around a thousand dollars willing to give it a shot.
  • pf70collectorpf70collector Posts: 6,737 ✭✭✭
    Pricing for Bulk Submission from Bulk Submission Department:
    $6 a coin if 65 below, can also have them graded "brillant uncirculated" if they fall below a certain grade you specify
    $10 a coin if 66
    $12 a coin if 67
    $15 a coin if 68
    $20 a coin if 69
    $30 a coin if 70


  • << <i>"The coin will rotate in the gasket and the gasket will rotate in the holder" >>



    If I read that correctly, the coin has the freedom to spin around within the holder? It sure sounds like it but I also read,

    << <i>"The last thing we want to do is create a new "rattler" holder." >>



    So what is created is a "spinner" not a "rattler". Is that correct? Just like those spinners/wheels that are all the rage. Does this holder come with bumping hip hop too? That last question was a joke but the others are serious inquiries.
    image
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    *RON* - I assume "First Day" will be prominently displayed on the front, but needed to double check.
    Will "First Day" be mentioned on the FRONT of the PCGS holder on the "Collectible Colorful Insert"? Thank you.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,573 ✭✭✭✭✭


    << <i>*RON* - I assume "First Day" will be prominently displayed on the front, but needed to double check.
    Will "First Day" be mentioned on the FRONT of the PCGS holder on the "Collectible Colorful Insert"? Thank you. >>



    image
    Dear Sir,

    Did I mention a can of worms ?


    LOL
  • messydeskmessydesk Posts: 20,291 ✭✭✭✭✭


    << <i>

    << <i>"The coin will rotate in the gasket and the gasket will rotate in the holder" >>



    If I read that correctly, the coin has the freedom to spin around within the holder? It sure sounds like it but I also read,

    << <i>"The last thing we want to do is create a new "rattler" holder." >>



    So what is created is a "spinner" not a "rattler". Is that correct? Just like those spinners/wheels that are all the rage. Does this holder come with bumping hip hop too? That last question was a joke but the others are serious inquiries. >>


    I'll be looking for the variety whereupon GW is sporting a new grill.

    As for the "spinner," I assume that the coin is strategically positioned and immobilized inside the gasket, which is then immobilized in the holder. A round gasket is a distinct design advantage over NGC's approach in this respect. I'm looking forward to seeing it.
  • messydeskmessydesk Posts: 20,291 ✭✭✭✭✭


    << <i>*RON* - I assume "First Day" will be prominently displayed on the front, but needed to double check.
    Will "First Day" be mentioned on the FRONT of the PCGS holder on the "Collectible Colorful Insert"? Thank you. >>


    Actually, the words "Collectible Colorful Insert" will be prominently displayed to avoid any misunderstanding as to what "First Day" means. image
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭


    << <i>Pricing for Bulk Submission from Bulk Submission Department:
    $6 a coin if 65 below, can also have them graded "brillant uncirculated" if they fall below a certain grade you specify
    $10 a coin if 66
    $12 a coin if 67
    $15 a coin if 68
    $20 a coin if 69
    $30 a coin if 70 >>



    Wow I would almost hope not to get 69's or 70's ouch.

    Those gonna be some spensive coins Lucy! LOL
    image
  • CasmanCasman Posts: 3,935 ✭✭
    As a newb with submissions and given that it took me 2 weeks to figure out my first one, tell me the form doesn't have to be completely filled out, is this right? There would be no way to know the final tally, so am I correct that 100 coins and a credit card number should be good enough?
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭


    << <i>Did I mention a can of worms ? >>

    Just making sure. They could put "First Day" on the side of the holder, or even worse, the back of the holder. image
    ps. I need to know very soon. The Hawker is staffed and ready to go.
  • pf70collectorpf70collector Posts: 6,737 ✭✭✭
    Just fill out your instructions on your form stating exactly what you want and describing the coins. Specify what labels you want: First Day Issue" etc. Washington Presidential Dollars. Its too early for a PCGS coin number I believe on these. Be sure to write Bulk on the outside of package so it gets delivered to PCGS Bulk Department. Tell them to charge your credit card for all fees. There is really no way to figure out a total if you want all your coins graded. each grade level is charged a different fee. I also put my submission number on the roll of coins.
  • pf70collectorpf70collector Posts: 6,737 ✭✭✭
    Wow I would almost hope not to get 69's or 70's ouch

    If you got even a 68 in BS it will be worth a lot more than the grading fee. Multiple $100's probably
  • I was told they contact you by phone after coins are graded for payment.
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    I thought it was a joke that they charge more for higher grades????????? That can't be right can it?


  • << <i>I thought it was a joke that they charge more for higher grades????????? That can't be right can it? >>



    'Tis right! the old saying "you get what you pay for" or is it "you pay for what you get"?
  • richardshipprichardshipp Posts: 5,647 ✭✭✭


    << <i>

    << <i>I thought it was a joke that they charge more for higher grades????????? That can't be right can it? >>



    'Tis right! the old saying "you get what you pay for" or is it "you pay for what you get"? >>



    Wait a minute..... can I send back in some of my PCGS slabs and pay extra money for a higher grade? Of course not.

    I'm not sending in any dollar coins anyway, but this just seems so wrong to me. Can someone point me to a link where this is explained. Maybe I am just slow.

    Edit: I did try to call the bulk department but only got voicemail.
  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭


    << <i>I thought it was a joke that they charge more for higher grades????????? That can't be right can it? >>



    That is correct. Not sure what the problem is.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • richardshipprichardshipp Posts: 5,647 ✭✭✭


    << <i>

    << <i>I thought it was a joke that they charge more for higher grades????????? That can't be right can it? >>



    That is correct. Not sure what the problem is. >>



    Maybe the problem is me.

    To me it would seem to open up a pandoras box from both the submitters and the TPG'ers. Submitters offering higher grading fees for higher grades. TPG's subconsciously grading higher resulting in higher revenues.
    I don't have a problem with selling a service for a fee that the market is willing to pay. But why tiered pricing based on grade?
    Is this something new?
    I did buy and send in quite Eagle Ann. sets and all the pricing was the same regardless of grade assigned. Why would the Presidential Dollars be any different?

    Like I stated above, maybe the problem is just me.

    Honestly I'm not trying to provoke an argument, I really did think the tiered pricing thing was a joke.
    Regards,
    Richard
  • CasmanCasman Posts: 3,935 ✭✭
    You're not saying that that can't be wrong, are you not?
  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭
    The pricing is for a bulk submission, not just new dollars. If you send in 5 Washington Dollars, the price is fixed, not related to the grade.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>The pricing is for a bulk submission, not just new dollars. If you send in 5 Washington Dollars, the price is fixed, not related to the grade. >>



    Agreed, for normal subissions there is no tier, if you pay $14 then that covers any grade.

    My take is the tier is only for bulk grading. As the grades increase it takes more time to verify and hence a larger fee. This allows the price break in bulk submission.
  • dthigpendthigpen Posts: 3,932 ✭✭


    << <i>I'm just getting back in to coin collecting after many years(mid70s) and while I get the idea of grading and believe it is a necessity, but for the life of me I can't get the first day/strike/release labels....it just seems so HSN and cheesy with no real value added to the coin.... maybe it's just me. Of course I realize it's profitable for the slabbers, but does it help anyone else? >>



    I agree that it is very cheesy, however, PCGS is a company out to make money, just like any company that cares about it's future should, and it isn't really unethical to do it, so if people want to play the First Strike / First Day game, then let them.

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