PCGS Submission Grading question

cgc916 · January 31, 2009 1:59AM

I submitted my first coin to PCGS and received an e-mail stating "The grades on your recent submission have been finalized". When I logged onto my account the grade was listed as "Min Grade". What does this mean and is there a reason the numerical grade wasn't given? I'll know when my order arrives but just wondering in the meantime. Sorry if this is an obvious question but this is my first go-round with PCGS.

TennesseeDave · January 31, 2009 2:02AM

If this was a crossover sumission,sounds like it crossed at the minimum grade that you put on the submission form.

cgc916 · January 31, 2009 2:08AM

As a newbie forgive my question but what is a crossover submission? My coin was still in it's capsule from the US Mint...I guess Raw state. I did list a Minimum Grade of PF70 for the submission...

tahoe98 · January 31, 2009 2:14AM

..............KACHING!!!!!!

66RB · January 31, 2009 2:19AM

I think you may be getting back some raw coins if you specified a min. grade of PF-70

coinman420 · January 31, 2009 2:20AM

what was the coin?

cgc916 · January 31, 2009 2:23AM

It was a Proof SAE from the US Mint still in it's capsule so why would it be returned "Raw" with no-grade?

commoncents05 · January 31, 2009 2:24AM

The coin did not meet the minimum grade you specified, and will be returned to you raw.

-Paul

Swampboy · January 31, 2009 2:28AM

<< <i>The coin did not meet the minimum grade you specified, and will be returned to you raw.

-Paul >>

Bingo.

cgc916 · January 31, 2009 2:29AM

Is another option that the coin will be returned as a PF70? I listed PF70 as the Minimum Grade and my submission states the grade as "Min Grade". Sort of confusing as PCGS should have listed the coin as not being able to be graded...

cgc916 · January 31, 2009 2:34AM

Information from my PCGS account regarding this submission

Denomination
$1
Variety
Eagle
Country
US
Grade
Min Grade

It lists a Cert # as well. Would a Cert # be listed for a coin that is being returned Raw?

Bochiman · January 31, 2009 2:56AM

Why would you try to list a 70 as a min grade?
If it is raw and gets graded lower than you want, just crack it out when you get it. You will still be charged the same amount no matter what.

And, if you are submitting only for a 70, that is kind of foolish, imho.

cgc916 · January 31, 2009 3:09AM

And, if you are submitting only for a 70, that is kind of foolish, imho. Text

This was my first submission and I was just trying to fill out all the areas of the form. Wish the PCGS representative who took my submission would have informed/warned me of the issues with claiming a Minimum Grade of 70 as it would have saved quite a lot of money between grading, handling and shipping/insurance costs.

How does PCGS return "Raw" coins? There was a Cert# issued on my submission so will it be slabbed with no grade???

LindeDad · January 31, 2009 3:26AM

Yes it will be slabbed as Genuine with no grade they don't body-bag the coins any longer.

In the futher I recommend you just leave the minimun grade box empty.

Sorry didn't mean the funny.

illini420 · January 31, 2009 3:41AM

In defense of the OP, these forms aren't that easy for the newbie to fill out... I think PCGS should think about contacting any new member for confirmation if anything like this looks out of the ordinary on a submission...

pheh · January 31, 2009 3:44AM

As there is no minimum grade code that I am aware of I would guess it would come back GV - Government Issue Price

Swampboy · January 31, 2009 3:51AM

<< <i>In defense of the OP, these forms aren't that easy for the newbie to fill out... I think PCGS should think about contacting any new member for confirmation if anything like this looks out of the ordinary on a submission... >>

I agree wholeheartedly with this comment.

lusterlover · January 31, 2009 8:27AM

Doesn't it say somewhere that you cannot specify 70 as a min grade.

PCcoins · January 31, 2009 8:32AM

You can look up the cert. # and the PCGS grade will be listed.

What's the cert #?

lkeigwin · January 31, 2009 8:46AM

<< <i>Yes it will be slabbed as Genuine with no grade they don't body-bag the coins any longer.

In the futher I recommend you just leave the minimun grade box empty.

Sorry didn't mean the funny.

>>

Are you sure about this? We know PCGS doesn't BB anymore (since Dec. 1st). But we're not talking BB here. It is not a "problem coin". The coin should not get slabbed in a genuine holder.

If it didn't meet PF70 (and that's likely) it should be returned raw.

Lance.

derryb · January 31, 2009 9:00AM

I thought you could only specify min. grade on a crossover, unless you were a dealer doing a bulk submission.

LindeDad · January 31, 2009 9:11AM

Are you sure about this? We know PCGS doesn't BB anymore (since Dec. 1st). But we're not talking BB here. It is not a "problem coin". The coin should not get slabbed in a genuine holder.

If it didn't meet PF70 (and that's likely) it should be returned raw.

Lance.

No I was just going by the fact that Don said in his post that they were repacing the body bags.

cgc916 · January 31, 2009 9:29AM

Thanks to all for the feedback. I'll have to wait until it gets delivered to find out for sure what the outcome is...

As my account lists the submission grade as "Min Grade" I was hoping that it hit that mark. It would be helpful if PCGS just stated "No Grade" instead. I looked up the Cert# and it states "That Cert is not available for display". If the coin is returned Raw and not slabbed then why would a Cert# be issued?

lkeigwin · January 31, 2009 10:24AM

PCGS does certs for all work. When they were BB'ing you'd get the coin back in a flip with a sticker and cert number.
Lance.

cgc916 · February 5, 2009 10:37PM

Well I received my coin back yesterday and it was delivered as predicted in a flip with "Min Grade" on the sticker. It was also still in the original US Mint capsule which appears to have not been opened. Is this normal or did they inspect/grade the coin without removing it from the plastic capsule? Seems like you would need to handle the coin to properly grade...

pmac · February 5, 2009 10:48PM

I think that PCGS customer service should be notified concerning this matter. Along with this thread, the OP should get a free resubmission for the coin in question so that a proper grade could be assigned to it.

Batman23 · February 5, 2009 10:51PM

69s are very common. If they look at the coin and see any sign of imperfection they would not need to remove it from the capsule. Also the capsules open and close easily and you probably would not know if it was opened or not. I sent in a couple of coins thinking they had a shot of 70, they all came back as 69s. Just a little disturbance in the finish is all it takes to keep it from a 70.

Rampage · February 5, 2009 10:57PM

<< <i>Well I received my coin back yesterday and it was delivered as predicted in a flip with "Min Grade" on the sticker. It was also still in the original US Mint capsule which appears to have not been opened. Is this normal or did they inspect/grade the coin without removing it from the plastic capsule? Seems like you would need to handle the coin to properly grade... >>

Actually, as someone previously stated, you cannot specify MS/PF 70 as a minimum grade. This is stated (or was at one time) on the PCGS submission forms. In order for a coin to be gr4aded as MS/PF 70, it has to be removed from the current holder. If your coin does not meet the minimum grade, then you have a coin outside the original holder and nothing to go with it.

Sorry, but consider it your submission tuition.

cgc916 · February 5, 2009 11:17PM

Well PCGS did accept my submission in it's original US Mint holder in person with PF70 on the form at their lobby Friday event. The customer service there was lacking as they were pushing through as many submissions as possible as the staff complained about being short-staffed to anyone who would listen. In the future I'll use the services of a local coin dealer where the customer service standards hopefully will be higher. I do take my experience as a lessons learned event....just wished it hadn't cost me $111 in grading, handling and shipping fees! Knowing now that PCGS won't be grading the coin a 70 I think I'll send it off to NGC...

PCGS Submission Grading question

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