Is it right for TPG company to charge higher price for higher grade??
2manycoins2fewfunds
Posts: 3,047 ✭✭✭
Lets say there is a bulk submission of 100 morgan dollars.
Lets say grades are MS63-MS66
Does everyone realize the charge goes up with grade??
Anyone see a conflict or does it simply represent more time spent grading the higher grade coins??
Edit:
Actually I agree with the higher charge for higher grades because it does require more time and attention to grade a MS 66 as compared to a MS63.
Just consider how much more carefully we all examine a 'Guess the Grade' when it is a MS66 rather than a MS62-63.
Lets say grades are MS63-MS66
Does everyone realize the charge goes up with grade??
Anyone see a conflict or does it simply represent more time spent grading the higher grade coins??
Edit:
Actually I agree with the higher charge for higher grades because it does require more time and attention to grade a MS 66 as compared to a MS63.
Just consider how much more carefully we all examine a 'Guess the Grade' when it is a MS66 rather than a MS62-63.
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<< <i>Lets say there is a bulk submission of 100 morgan dollars.
Lets say grades are MS63-MS66
Does everyone realize the charge goes up with grade??
Anyone see a conflict or does it simply represent more time spent grading the higher grade coins?? >>
If you think of the grade guarantee as an insurance policy, and you realize that insurance policy costs vary depending on the value of the insured items, it makes a little more sense.
................well said, zig!
Seemingly, it would force the submitter to be sure he or she had enough Quality
coins to meet the minimum grade set because if he (or she) didn't, they still
would be charged for the grader to look at the coin.
IF a certain % of the order sent in did not meet the minimum, the bulk rate no longer applied.
Yes, it's known going in that coins that meet the minimum grade set would be
charged "x" amount, next grade higher would be "x+", next "X++" etc, etc.
The more the higher grades made - the more the service made as well -
which does NOT sound unreasonable to me! (FWIW & JMHO)
Wondercoin
Lets say I insure the coin at the MS64 value, which is within the lower grading fee, and the MS65 price is well into the higher grading fee.
Am I killing my chance of getting a "65" on the label? Would my chances be different if I'd submitted and insured at the "65" value?
<< <i>.....but what if the difference in price is extreme between grades? That's why I'd be submitting a coin.
Lets say I insure the coin at the MS64 value, which is within the lower grading fee, and the MS65 price is well into the higher grading fee.
Am I killing my chance of getting a "65" on the label? Would my chances be different if I'd submitted and insured at the "65" value? >>
The OP is referring to bulk submissions not individual coins. Bulk submissions do not have a coin value assoicated with each coin like a regular submission.
To answer your question though, the price you state on the submission form only addresses the return insurance on coins you submit and has nothing to do with PCGS's Grading Guarantee which I would guess is covered with some type of insurance policy.
So, if you continually under value your submissions on your submittals and PCGS starts tracking this and catches on, they will contact you.
The name is LEE!
Regardless of what you place as value on the submission sheet has absolutely nothing to do with the grade the coin ends up with as the graders never see that submission form. If a major discrepancy does occur on what you paid for vs what it actually costs, PCGS will contact you.
The name is LEE!
<< <i>You always have the option of telling them "no grades higher than a 64" .....
Not really since you can only specify a minimum acceptable grade. I suppose you could try but why?
Keep in mind that bulk submissions are a minimum of 100 coins. Shipping insurance is calculated at market prices plus .23 cent per coin so it would by you little.
For those who are unaware, under the Bulk Submission program, if less than 40% (I think) of your coins grade at or above your minimum acceptable grade, there is no charge on the coins which do not grade. If more than 40% of your total submission do not grade at minimum acceptable grade, you get charged $2.00 per coin for each no grade.
Submitting presidential dollars with a minimum of MS66 can be a bit expensive, especially for the Andrew Jackson D coins.
The name is LEE!
<< <i>Anyone see a conflict or does it simply represent more time spent grading the higher grade coins?? >>
Yes, it smacks of conflict of interest. And I doubt PCGS is spending anymore time grading a MS63 than a MS66.
TO: 2manycoins2fewfunds
CC: David Hall
I'm willing to pay a little more for a higher grade, aren't you?
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong