<< <i>There should be a seperate lower fee if the submitter already attributes the coin correctly
Right... Also, I'm sure there are a lot of people that believe they already know the correct grade and we just have to put it on the holder.
Don,
You’re missing the point. PCGS already said it was a certain variety just without a certain FS or other type of number on it. Why should someone need to pay again for you to put the FS number or other type of number on a holder you already determined to be a certain variety. I have this same issue and think its crazy for PCGS to charge to re-preform the same service.
<< <i>Holders are bought in bulk, probably don't cost 69 cents a piece.
Leo >>
Reminds me of the old story about the factory that had to close down operations because of an essential machine that broke down. The owner called in expert repair person after expert repair person, and nobody could fix the machine. Finally, along comes the last expert repair person, a little old guy, and, he opens up the machine, takes a look inside it, pulls out a little hammer from a little black bag, gently taps a component part inside the machine, and the machine starts right up! The whole job takes only 5 minutes. He hands the owner his bill for $101. The owner takes one glance at the bill, and complains: "$101! For just tapping it with a hammer?" The old guy replies, "No, $1 for tapping it with the hammer. $100 for knowing where to tap."
It's not the cost of the slab, Leo. It's the expert knowledge you're calling upon in the submission tier. You have to think of their guarantee, too. They stand behind what goes on that slab. And, they're up-front with their fees... >>
You forgot the beginning of that post
But there are more Hyundai owners out there who just can't afford Mercedes hubcaps. Point is, the majority of coins, perhaps 95% of them aren't worth having certified. With what fees most collectors are up against, it's just not feasible to spend the money. I think if a grading service was offered at $7, one grader, stick it in a holder and ship it back, there's money to be made there. this would also be a great benefit for a lot of YN.
and we are talking about coins that are valued less than grading fees, shipping costs etc, right?
What you're suggesting would pan out right for higher valuable coins that will offset those costs. 10 to 1 would work, perhaps 5 to one? 3 to 1 would be risky. Definitely not 2 to 1 spending $35 to have a $70 coin graded?? If they get it right. Does the coin become a $110 coin? Hopefully.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>Holders are bought in bulk, probably don't cost 69 cents a piece.
Leo >>
Reminds me of the old story about the factory that had to close down operations because of an essential machine that broke down. The owner called in expert repair person after expert repair person, and nobody could fix the machine. Finally, along comes the last expert repair person, a little old guy, and, he opens up the machine, takes a look inside it, pulls out a little hammer from a little black bag, gently taps a component part inside the machine, and the machine starts right up! The whole job takes only 5 minutes. He hands the owner his bill for $101. The owner takes one glance at the bill, and complains: "$101! For just tapping it with a hammer?" The old guy replies, "No, $1 for tapping it with the hammer. $100 for knowing where to tap."
It's not the cost of the slab, Leo. It's the expert knowledge you're calling upon in the submission tier. You have to think of their guarantee, too. They stand behind what goes on that slab. And, they're up-front with their fees... >>
..
So much for the old guy and the hammer.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
But there are more Hyundai owners out there who just can't afford Mercedes hubcaps. Point is, the majority of coins, perhaps 95% of them aren't worth having certified. With what fees most collectors are up against, it's just not feasible to spend the money. I think if a grading service was offered at $7, one grader, stick it in a holder and ship it back, there's money to be made there. this would also be a great benefit for a lot of YN. >>
Oh, but I agree with that, that's why I left it out.
Honestly, most of the variety specialists I deal with don't put much faith in the grading services to correctly attribute varieties -- They always check it themselves, and often complain that the variety listed on the label is wrong, or they left off some minor thing like which DIRECTION a repunched mintmark is, or it doesn't specify early or late dies state, etc. They just add a label with their own determination and are done with it.
Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
Evidently, I'm not a very bright, little thing. Do you want to explain that? >>
Come on it is obvious. The old guy is Martin Van Buren and the hammer is for breaking out the Statue of Liberty Eagle and selling for bullion. Must we explain the obvious?
Wait a minute. Where is her torch?
Gold and silver are valuable but wisdom is priceless.
<< <i>Come on it is obvious. The old guy is Martin Van Buren and the hammer is for breaking out the Statue of Liberty Eagle and selling for bullion. Must we explain the obvious?
Wait a minute. Where is her torch? >>
Well, shoot, I don't know how in the world I could have missed that! I must be getting slow!
My take on this whole issue: PCGS created the Registry Sets and provided a venue for them to be announced/shared for competition among collectors at the beckoning of COLLECTORS. In order to participate in the PCGS Registries, the basic criteria established was a "PCGS only" rule. Now the rules are being changed to transition this basic criteria to discriminate against those who chose/choose to participate in sets that require more than the basic "PCGS only" rule. As David Hall repeatedly has stated at the conclusion of most of his posts here, "Have Fun!" I fail to see how being discriminated against for having an interest in specific areas of collecting is fun. I don't expect PCGS to not look for creative ways to boost revenue, I just expect them to apply that creativity equally across the board.
Why not create a special required insert for ALL coins that are intended for Registry participation, and make those applicants bear some of the brunt of the extra reholder fee that Variety collectors are faced with now?
<< <i>My take on this whole issue: PCGS created the Registry Sets and provided a venue for them to be announced/shared for competition among collectors at the beckoning of COLLECTORS. In order to participate in the PCGS Registries, the basic criteria established was a "PCGS only" rule. Now the rules are being changed to transition this basic criteria to discriminate against those who chose/choose to participate in sets that require more than the basic "PCGS only" rule. As David Hall repeatedly has stated at the conclusion of most of his posts here, "Have Fun!" I fail to see how being discriminated against for having an interest in specific areas of collecting is fun. I don't expect PCGS to not look for creative ways to boost revenue, I just expect them to apply that creativity equally across the board.
Why not create a special required insert for ALL coins that are intended for Registry participation, and make those applicants bear some of the brunt of the extra reholder fee that Variety collectors are faced with now? >>
I'm not clear on the OP's original post but if you have a coin in a PCGS error holder that already designates the FS# you DO NOT have to pay the variety attribution fee to have it reholdered into a newer type non-error/FS# holder.
If this is the case you are alluding to perhaps THIS might bring some clarity - assuming the policy has not changed again (excerpt below):
“The coin needs to be submitted as a reholder ($10), requesting we remove the mint error designation and add the variety spec number. We need to see the coin as our system only shows it is a mint error of a particular date and mintmark. It could be an off-center or a variety. We are doing this on a daily basis.”
You now have the final decision on this coin and I do not believe any further communication is necessary regarding this issue.
Thank you.
BJ Searls
Set Registry Manager"
If on the other hand you're referring to sending a NON-attributed coin already in a non-attributed PCGS holder for variety review I agree that the reholder fee on top of the attribution fee seems excessive (ESPECIALLY IF IT GETS NO ATTRIBUTION!).
That's like charging a reholder fee ON TOP on a coin sent in under express regrade in the original holder as well. Is it not or am I missing something.
<< <i> No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc.
Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
<< <i> No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I was sitting in McDonald's reading your post... when I went to put my cigarette down, I spilled my DIET COKE on my computer!
>>>I'm not clear on the OP's original post but if you have a coin in a PCGS error holder that already designates the FS# you DO NOT have to pay the variety attribution fee to have it reholdered into a newer type non-error/FS# holder.<<<
I'm going to type this as slow as I can.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
Ok.....so, don't pay the $10 reholder fee for the variety service. Problem solved.
The thing that bothers me most about the variety attribution fee is that in almost all cases I already have attributed the variety before sending it to PCGS!! All PCGS is doing is checking my work and confirming my variety attribution is correct!!! There should be a seperate lower fee if the submitter already attributes the coin correctly and just wants it on the label for their set. Surely it is easier and faster for a grader to attribute a coin when the work has been done correctly ahead of time, right??? Of course, if the submitter gets the attribution wrong or doesn't know the correct attribution in the first place, the full variety attribution fee should apply.
While this is true for most of us that send in varieties and have the attribution added to the label and confirmed by PCGS, there is also one little caveat I don't believe has been brought up.
PCGS guarantees the variety attribution and it's my understanding that ATS has no such variety guarantee. I know this to be true for VAM's so it would come to pass at least PCGS original $24 fee makes some sense. However, it is a lot of money and the original poster has a valid point IMHO that should be responded to in a thoughtful manner.
If the coin is graded with the variety in a PCGS holder and is sent in for review, the additional $10 seems a bit of a reach. Although perhaps the reason may be they are reconfirming the variety attribution?
Not sure on that point but a net total of $34 plus the regular fees is a lot of $.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
<< <i>It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I shan't ask how you feel about people who gripe about people who gripe about that stuff.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
The value of the variety coin determines whether I submit to PCGS ($24) or ANACS ($5 to verfiy or $10 to attribute). I am very confident in both companies' ability to properly attribute varieties. I avoid ATS because they just can't seem to get VAMs right, and they don't guarantee their attributions. Just this last weekend I saw an 1889-O Morgan in an NGC holder attributed as an oval O when clearly it was not.
Unless I'm misunderstanding the OP, I don't see why the $10 reholder fee should be waived just because you're getting a variety attributed or have already had it done.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
It's rarely worthwhile to submit a single coin for grading.
Looks expensive when the value of your coin goes up less than $50. Looks like the bargain of the century when the value increases $500 - or more.
I know a few guys out there who have made a lot more off the Variety Attribution service than PCGS has.
As a matter of fact, PCGS makes very little on our Variety Service. Not everyone understands what it costs to offer.
edited to add: I forgot to mention that all major varieties and many minor varieties are done at no additional charge. The Variety Service applies mostly to die states and some minor varieties.
So let me get this straight because this is a question i have had for a long time. If i want my coins with the variety put on them. I have to pay $24 for the variety attribution service plus another $10 to reholder the coin?
That seems like alot of money to me too. They need to find a package deal, An all inclusive service for a lower price. I have said that before!
Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
Wow! A little gruff - yikes! Boy aren't we a bunch of dummies - sorry!!
It's not the money that bothers me because they need to charge for their work and they can spell out how they run their business and we can either use it or not because there is an alternative company or two. Ahh heck...... they could very possibly mess the job up two or three times and you would have to send it back and forth and make several phone calls and be treated poorly several times. How many people experience that?
In regular non-monopolistic business practices you would be treated a lot better and be asked for your business most of the time not told you are "naive and totally illogical" and not to bother using their service - especially publically. I have spent a lower percentage of grading money every year the past 5 years at PCGS now, despite totalling around $1 M lifetime. There is indeed a decent alternative that has closed the gap the past few years. PCGS is clearly the King for most things but there is an heir to the throne if they are not carefull
Don't forget postage to get it there. Makes you question whether it is worth it or not big time. >>
>>
That being the case, why not get the coin "regraded" instead of "reholdered?" Assuming you can qualify for a regular submission (under $3k value) the regrade cost is $30 instead of the $10 reholder fee. So for an extra $20 you have a shot at the coin upgrading or at least getting a + grade
And don't forget, if you're talking about a SecurePlus coin the reholder fees aren't $10, but they are $20 ($40 if value is over $20k).
It's rarely worthwhile to submit a single coin for grading.
Looks expensive when the value of your coin goes up less than $50. Looks like the bargain of the century when the value increases $500 - or more.
I personally never have looked at it that way because I am generally not motivated by the potential appreciation that can come with submitting. There is potential downside, too.
The only single coin that I have ever made a paid submission was an expensive coin for crossover at a show ($200 level), and it was worth submitting for same day grading to avoid having to ship and retrieve.
Otherwise, I usually wait until I have at least four coins (or have a friendly dealer submit the single coins). This spreads out the mostly fixed costs over a number of coins, and it minimizes trips to post office. It works for me; it may not work for others.
<< <i> No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I misread the OP, i thought he was talking about a coin that already had the FS# on the slab.
Awarded the coveted "You Suck" Award on 22 Oct 2010 for finding a 1942/1 D Dime in silver, and on 7 Feb 2011 Cherrypicking a 1914 MPL Cent on Ebay!
<< <i>No Stef, this is a new charge. I have sent a lot in previously and there was not a reholder fee. >>
Dimeman, when did this new charge take place? I was just thinking the other day, I want send in my set to get the variety put on them. Didn't know you had to pay the reholder fee on top of it.
Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
When you send in a PCGS graded coin to be attributed and reholdered it is going to cost you approximately $70.00, maybe more. You just have to decide is it worth it to you.
Justify the cost of using ANY service in your lifetime. If after careful investigation, the fees outway the benefit, then don't use the service. I disagree PCGS is monopolistic. EVERYONE can choose to use someone other than PCGS. I agree with Lakesamman - if you think of all the work that goes into your coin, the charge is inexpensive.
<< <i>That's like charging a reholder fee ON TOP on a coin sent in under express regrade in the original holder as well. Is it not or am I missing something. >>
Yes, you're missing something. Express is a service level (for holdering), variety attribution is not.
First of all I NEVER send in 1 coin by itself. $17 postage that cost about $3 is too much for me to handle.
Second, there have been too many OT reply's here.
Third, this extra charge just started the first of the year.
My complaint was that now it cost $34 (an extra 10 for reholder) to put the variety on a coin that was already in a PCGS holder. And if I send in 10 coins that's an extra $100 cost to me. That is not trivial to me.
Lastly, I posted this thread hoping to hear I was misinformed and there was not the extra charge.
Well, Mr. Willis answered my question and there is the extra charge.
So now, I would like for this bashing of PCGS by some to stop! This was not my intent. I respect their (PCGS) product and that is why I put all of my coins in PCGS holders and play the Registry game for fun.
I just questioned the new charge.
I would like to see Mr. Willis after reading this...................................make it go poof!!
One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it..
<< <i>One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it.. >>
You should have posted your request one post earlier as your previous post requested this thread go poof...
Edited to add: I expect it's a logistics issue. I sent in five orders; I suspect some will take longer and will delay all the shipments. They'd have to have a staging area where they could gather all five orders together, hoping not to mix my orders with other orders merging with their other delayed orders. PCGS would have to charge more for this service!
<< <i>Second, there have been too many OT reply's here. >>
<< <i>One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it.. >>
Don, I have the perfect solution to solve this problem the OP has.
Charge a variety fee as usual, and instead of a reholdering fee, take a black sharpie and write on the slab what the variety is. Presto!!!! NO reholdering fee
Comments
<< <i>There should be a seperate lower fee if the submitter already attributes the coin correctly
Right... Also, I'm sure there are a lot of people that believe they already know the correct grade and we just have to put it on the holder.
Don,
You’re missing the point. PCGS already said it was a certain variety just without a certain FS or other type of number on it. Why should someone need to pay again for you to put the FS number or other type of number on a holder you already determined to be a certain variety. I have this same issue and think its crazy for PCGS to charge to re-preform the same service.
<< <i>
<< <i>Holders are bought in bulk, probably don't cost 69 cents a piece.
Leo >>
Reminds me of the old story about the factory that had to close down operations because of an essential machine that broke down. The owner called in expert repair person after expert repair person, and nobody could fix the machine. Finally, along comes the last expert repair person, a little old guy, and, he opens up the machine, takes a look inside it, pulls out a little hammer from a little black bag, gently taps a component part inside the machine, and the machine starts right up! The whole job takes only 5 minutes. He hands the owner his bill for $101. The owner takes one glance at the bill, and complains: "$101! For just tapping it with a hammer?" The old guy replies, "No, $1 for tapping it with the hammer. $100 for knowing where to tap."
It's not the cost of the slab, Leo. It's the expert knowledge you're calling upon in the submission tier. You have to think of their guarantee, too. They stand behind what goes on that slab. And, they're up-front with their fees... >>
You forgot the beginning of that post
But there are more Hyundai owners out there who just can't afford Mercedes hubcaps. Point is, the majority of coins, perhaps 95% of them aren't worth having certified. With what fees most collectors are up against, it's just not feasible to spend the money. I think if a grading service was offered at $7, one grader, stick it in a holder and ship it back, there's money to be made there. this would also be a great benefit for a lot of YN.
and we are talking about coins that are valued less than grading fees, shipping costs etc, right?
What you're suggesting would pan out right for higher valuable coins that will offset those costs. 10 to 1 would work, perhaps 5 to one? 3 to 1 would be risky. Definitely not 2 to 1 spending $35 to have a $70 coin graded?? If they get it right. Does the coin become a $110 coin? Hopefully.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>Holders are bought in bulk, probably don't cost 69 cents a piece.
Leo >>
Reminds me of the old story about the factory that had to close down operations because of an essential machine that broke down. The owner called in expert repair person after expert repair person, and nobody could fix the machine. Finally, along comes the last expert repair person, a little old guy, and, he opens up the machine, takes a look inside it, pulls out a little hammer from a little black bag, gently taps a component part inside the machine, and the machine starts right up! The whole job takes only 5 minutes. He hands the owner his bill for $101. The owner takes one glance at the bill, and complains: "$101! For just tapping it with a hammer?" The old guy replies, "No, $1 for tapping it with the hammer. $100 for knowing where to tap."
It's not the cost of the slab, Leo. It's the expert knowledge you're calling upon in the submission tier. You have to think of their guarantee, too. They stand behind what goes on that slab. And, they're up-front with their fees... >>
So much for the old guy and the hammer.
The name is LEE!
<< <i>You forgot the beginning of that post
But there are more Hyundai owners out there who just can't afford Mercedes hubcaps. Point is, the majority of coins, perhaps 95% of them aren't worth having certified. With what fees most collectors are up against, it's just not feasible to spend the money. I think if a grading service was offered at $7, one grader, stick it in a holder and ship it back, there's money to be made there. this would also be a great benefit for a lot of YN. >>
Oh, but I agree with that, that's why I left it out.
<< <i>So much for the old guy and the hammer. >>
Evidently, I'm not a very bright, little thing. Do you want to explain that?
Just sayin'
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
varieties -- They always check it themselves, and often complain that the variety listed on the label is wrong, or they left
off some minor thing like which DIRECTION a repunched mintmark is, or it doesn't specify early or late dies state, etc.
They just add a label with their own determination and are done with it.
<< <i>
<< <i>So much for the old guy and the hammer. >>
Evidently, I'm not a very bright, little thing. Do you want to explain that? >>
Come on it is obvious. The old guy is Martin Van Buren and the hammer is for breaking out the Statue of Liberty Eagle and selling for bullion. Must we explain the obvious?
Wait a minute. Where is her torch?
<< <i>Come on it is obvious. The old guy is Martin Van Buren and the hammer is for breaking out the Statue of Liberty Eagle and selling for bullion. Must we explain the obvious?
Wait a minute. Where is her torch? >>
Well, shoot, I don't know how in the world I could have missed that! I must be getting slow!
Why not create a special required insert for ALL coins that are intended for Registry participation, and make those applicants bear some of the brunt of the extra reholder fee that Variety collectors are faced with now?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>My take on this whole issue: PCGS created the Registry Sets and provided a venue for them to be announced/shared for competition among collectors at the beckoning of COLLECTORS. In order to participate in the PCGS Registries, the basic criteria established was a "PCGS only" rule. Now the rules are being changed to transition this basic criteria to discriminate against those who chose/choose to participate in sets that require more than the basic "PCGS only" rule. As David Hall repeatedly has stated at the conclusion of most of his posts here, "Have Fun!" I fail to see how being discriminated against for having an interest in specific areas of collecting is fun. I don't expect PCGS to not look for creative ways to boost revenue, I just expect them to apply that creativity equally across the board.
Why not create a special required insert for ALL coins that are intended for Registry participation, and make those applicants bear some of the brunt of the extra reholder fee that Variety collectors are faced with now? >>
Huh?
If this is the case you are alluding to perhaps THIS might bring some clarity - assuming the policy has not changed again (excerpt below):
“The coin needs to be submitted as a reholder ($10), requesting we remove the mint error designation and add the variety spec number. We need to see the coin as our system only shows it is a mint error of a particular date and mintmark. It could be an off-center or a variety. We are doing this on a daily basis.”
You now have the final decision on this coin and I do not believe any further communication is necessary regarding this issue.
Thank you.
BJ Searls
Set Registry Manager"
If on the other hand you're referring to sending a NON-attributed coin already in a non-attributed PCGS holder for variety review I agree that the reholder fee on top of the attribution fee seems excessive (ESPECIALLY IF IT GETS NO ATTRIBUTION!).
That's like charging a reholder fee ON TOP on a coin sent in under express regrade in the original holder as well. Is it not or am I missing something.
<< <i>
No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc.
<< <i>Don Willis is alleged to have written...
<< <i>
No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I was sitting in McDonald's reading your post... when I went to put my cigarette down, I spilled my DIET COKE on my computer!
I'm going to type this as slow as I can.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder.
<< <i>
I'm going to type this as slow as I can.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
Ok.....so, don't pay the $10 reholder fee for the variety service. Problem solved.
While this is true for most of us that send in varieties and have the attribution added to the label and confirmed by PCGS, there is also one little caveat I don't believe has been brought up.
PCGS guarantees the variety attribution and it's my understanding that ATS has no such variety guarantee. I know this to be true for VAM's so it would come to pass at least PCGS original $24 fee makes some sense. However, it is a lot of money and the original poster has a valid point IMHO that should be responded to in a thoughtful manner.
If the coin is graded with the variety in a PCGS holder and is sent in for review, the additional $10 seems a bit of a reach. Although perhaps the reason may be they are reconfirming the variety attribution?
Not sure on that point but a net total of $34 plus the regular fees is a lot of $.
Website-Americana Rare Coin Inc
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
$24 Variety Attribution
$10 Reholder Fee
$08 Handling
$16.95 Postage
$58.95 GRAND TOTAL
<< <i>I'm going to type this as slow as I can.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
$24 Variety Attribution
$10 Reholder Fee
$08 Handling
$16.95 Postage
$58.95 GRAND TOTAL >>
Don't forget postage to get it there. Makes you question whether it is worth it or not big time.
<< <i>It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I shan't ask how you feel about people who gripe about people who gripe about that stuff.
<< <i>
<< <i>I'm going to type this as slow as I can.
My complaint is that I have to pay a $10 reholder fee for the variety service, which is already costing $24 on a coin that is already graded by and in a PCGS holder. >>
I am not sure all understood your issue until now. If you sent in one coin, the price would be:
$24 Variety Attribution
$10 Reholder Fee
$08 Handling
$16.95 Postage
$58.95 GRAND TOTAL >>
Don't forget postage to get it there. Makes you question whether it is worth it or not big time. >>
It's rarely worthwhile to submit a single coin for grading.
Unless I'm misunderstanding the OP, I don't see why the $10 reholder fee should be waived just because you're getting a variety attributed or have already had it done.
$24 Variety Attribution
$10 Reholder Fee
$08 Handling
$16.95 Postage
$58.95 GRAND TOTAL
That is correct.
It's rarely worthwhile to submit a single coin for grading.
Looks expensive when the value of your coin goes up less than $50. Looks like the bargain of the century when the value increases $500 - or more.
I know a few guys out there who have made a lot more off the Variety Attribution service than PCGS has.
As a matter of fact, PCGS makes very little on our Variety Service. Not everyone understands what it costs to offer.
edited to add: I forgot to mention that all major varieties and many minor varieties are done at no additional charge. The Variety Service applies mostly to die states and some minor varieties.
That seems like alot of money to me too. They need to find a package deal, An all inclusive service for a lower price. I have said that before!
It's not the money that bothers me because they need to charge for their work and they can spell out how they run their business and we can either use it or not because there is an alternative company or two. Ahh heck...... they could very possibly mess the job up two or three times and you would have to send it back and forth and make several phone calls and be treated poorly several times. How many people experience that?
In regular non-monopolistic business practices you would be treated a lot better and be asked for your business most of the time not told you are "naive and totally illogical" and not to bother using their service - especially publically. I have spent a lower percentage of grading money every year the past 5 years at PCGS now, despite totalling around $1 M lifetime. There is indeed a decent alternative that has closed the gap the past few years. PCGS is clearly the King for most things but there is an heir to the throne if they are not carefull
<< <i>
<< <i>I am not sure all understood your issue until now. If you sent in one coin, the price would be:
$24 Variety Attribution
$10 Reholder Fee
$08 Handling
$16.95 Postage
$58.95 GRAND TOTAL >>
Don't forget postage to get it there. Makes you question whether it is worth it or not big time. >>
>>
That being the case, why not get the coin "regraded" instead of "reholdered?" Assuming you can qualify for a regular submission (under $3k value) the regrade cost is $30 instead of the $10 reholder fee. So for an extra $20 you have a shot at the coin upgrading or at least getting a + grade
And don't forget, if you're talking about a SecurePlus coin the reholder fees aren't $10, but they are $20 ($40 if value is over $20k).
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Looks expensive when the value of your coin goes up less than $50. Looks like the bargain of the century when the value increases $500 - or more.
I personally never have looked at it that way because I am generally not motivated by the potential appreciation that can come with submitting. There is potential downside, too.
The only single coin that I have ever made a paid submission was an expensive coin for crossover at a show ($200 level), and it was worth submitting for same day grading to avoid having to ship and retrieve.
Otherwise, I usually wait until I have at least four coins (or have a friendly dealer submit the single coins). This spreads out the mostly fixed costs over a number of coins, and it minimizes trips to post office. It works for me; it may not work for others.
<< <i>Don Willis is alleged to have written...
<< <i>
No one has a gun to your head. And we aren't the ones bilking you. If you don't realize the value of having your coins graded by PCGS then don't do it. >>
It just amazes me how much people gripe about stuff, like they are somehow forced to eat MacDonalds food til they inflate into obesity, smoke cigarettes until they have lungs that are darker than a coal mine etc. >>
I misread the OP, i thought he was talking about a coin that already had the FS# on the slab.
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Eric
<< <i>No Stef, this is a new charge. I have sent a lot in previously and there was not a reholder fee. >>
Dimeman, when did this new charge take place?
I was just thinking the other day, I want send in my set to get the variety put on them.
Didn't know you had to pay the reholder fee on top of it.
<< <i>PCGS variety attribution is the bomb...a nice service...
You b&$t&rd!
<< <i>That's like charging a reholder fee ON TOP on a coin sent in under express regrade in the original holder as well. Is it not or am I missing something. >>
Yes, you're missing something. Express is a service level (for holdering), variety attribution is not.
Did I know up front what my cost would be?
Second, there have been too many OT reply's here.
Third, this extra charge just started the first of the year.
My complaint was that now it cost $34 (an extra 10 for reholder) to put the variety on a coin that was already in a PCGS holder. And if I send in 10 coins that's an extra $100 cost to me. That is not trivial to me.
Lastly, I posted this thread hoping to hear I was misinformed and there was not the extra charge.
Well, Mr. Willis answered my question and there is the extra charge.
So now, I would like for this bashing of PCGS by some to stop! This was not my intent. I respect their (PCGS) product and that is why I put all of my coins in PCGS holders and play the Registry game for fun.
I just questioned the new charge.
I would like to see Mr. Willis after reading this...................................make it go poof!!
One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it..
<< <i>One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it.. >>
You should have posted your request one post earlier as your previous post requested this thread go poof...
Edited to add: I expect it's a logistics issue. I sent in five orders; I suspect some will take longer and will delay all the shipments. They'd have to have a staging area where they could gather all five orders together, hoping not to mix my orders with other orders merging with their other delayed orders. PCGS would have to charge more for this service!
<< <i>Second, there have been too many OT reply's here. >>
<< <i>One last thing I would like PCGS to consider is combined shipping on multiple submissions sent in together. I think it is a fair request and don't understand not doing it.. >>
I would like PCGS to raise their prices across the board ...........
<< <i>Third, this extra charge just started the first of the year. >>
So they could have been charging extra all this time, but didn't? Maybe they deserve a "thank you" for saving you some money there?
Unless a promise has been made otherwise by a company, I'd say it's a mistake to think fees/services *won't * change over time.
<< <i>Third, this extra charge just started the first of the year. >>
My submission forms are from 2010. Same charges apply. There was no change.
Charge a variety fee as usual, and instead of a reholdering fee, take a black sharpie and write on the slab what the variety is. Presto!!!! NO reholdering fee
people were being told that a holdered trueview only order would cost the amount of the trueview fee.
DW stepped in and made 'em include the reholder fee, too.
If the process involves cracking it....