Did you submit a brick? Submission questions for you.
AskRaq
Posts: 2,303
Okay, I tried reading and understanding the top thread by CoinKing... and I've tried to understand the pricing, tiers, etc. on both the PCGS & NGC websites... I have never submitted anything for grading, and am overwhelmed by my lack of understanding any of it.
So, I ask this of the few of you that submitted a box/brick of the 2007 GW dollar coins to EITHER of the 2 TPG's I mentioned.
1 - If you submit an unopened brick (1 thousand coins) what level/tier/etc. are they submitted at?
2 - What's the total submission price of the 1,000 coins?
3 - If errors are found, do they designate them?
4 - Does the price change if there are errors found?
5 - Do you risk the possibility of any NOT get graded? (I'm guessing none could get bodybagged?)
6 - What happens to any coins that won't make the minimum grade? (Are they slabbed BU? Because I haven't seen that in the Pop reports?)
7 - Other than 'Missing Lettering', are any other anomalies being designated?
8 - What's the possible financial benefit of submitting a brick, as oposed to picking out the best-of-the-rest, and only submitting those?
Thanks to anyone who takes the time to respond ~
So, I ask this of the few of you that submitted a box/brick of the 2007 GW dollar coins to EITHER of the 2 TPG's I mentioned.
1 - If you submit an unopened brick (1 thousand coins) what level/tier/etc. are they submitted at?
2 - What's the total submission price of the 1,000 coins?
3 - If errors are found, do they designate them?
4 - Does the price change if there are errors found?
5 - Do you risk the possibility of any NOT get graded? (I'm guessing none could get bodybagged?)
6 - What happens to any coins that won't make the minimum grade? (Are they slabbed BU? Because I haven't seen that in the Pop reports?)
7 - Other than 'Missing Lettering', are any other anomalies being designated?
8 - What's the possible financial benefit of submitting a brick, as oposed to picking out the best-of-the-rest, and only submitting those?
Thanks to anyone who takes the time to respond ~
0
Comments
1. Bulk, Normal pricing structure, best to call PCGS or NGC Bulk for price then write it down with the persons name.
2. Depends on grades received.
3. Errors should of course be noted, and correctly labeled. They may have to call you to tell you of different fees for the errors, but they most definately should grade them, or risk having someone like Messydesk show some examples.
4. Errors usually run a little more.
5. If you place a minimum grade, you can weed out low grade coins, cuts costs on unscreened coin submissions.
6. Ungraded coins are returned unslabbed unless you asked for BU slabbing (fee applies)
7. They were attributing the Obv and rev strike through, cant say if they are continuing it, unless at the $40 error grading service, but not in bulk.
8. The only benefit I see of submitting a sealed brick is either getting a large group of coins out as soon as possible for sale on the market (FDI), or taking a chance that it could be an error case, so that error coins would be eligible for the FDI label as well as error designation.
These are my opinions only
Russ
I take it, then, that submissions are not pre-paid? And so you may not know how much you are going to spend until "after the fact"?