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Are Bulk Submissions Safe For High-Grade Coins?
losangelescoinguy
Posts: 7
Hi there everybody - long time reader, first time poster.
I am looking for opinions on a potential bulk submission I am going to send to PCGS. It will be comprised of Jefferson war nickels, mercury dimes, and buffalo nickels - most will likely average a grade of MS-66. My main concern is causing small nicks or anything of that nature that may be the result of putting the coins into tubes, or from graders taking the coins out of the tubes. Many are great ms67 candidates, which would double or triple the value of the coins, so any slight mark could have a large impact on the grade. Is it smarter to send the best specimens to be graded separately so they can remain in flips? I worrying too much, or is this a legitimate concern? Just curious on other peoples experiences...
Thank you, Mike.
I am looking for opinions on a potential bulk submission I am going to send to PCGS. It will be comprised of Jefferson war nickels, mercury dimes, and buffalo nickels - most will likely average a grade of MS-66. My main concern is causing small nicks or anything of that nature that may be the result of putting the coins into tubes, or from graders taking the coins out of the tubes. Many are great ms67 candidates, which would double or triple the value of the coins, so any slight mark could have a large impact on the grade. Is it smarter to send the best specimens to be graded separately so they can remain in flips? I worrying too much, or is this a legitimate concern? Just curious on other peoples experiences...
Thank you, Mike.
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Welcome BTW!!
So you think it's wiser to just send the very best in flips?
If you put them in flips, then rubberband them together in groups, then wrap those with something, then place in box.....rinse and repeat until all done....then stuff the box so there isn't movement, I think you would be better off.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
PCGS Bulk Submission Agreement Form
Specifically:
100 coin minimum
No more than four different date or mint mark combinations
Estimated 30-day turnaround.
I don't know if you can submit different coin "types" (i.e. mixing buffalo nickels, war nickels, dimes, and half dollars) and since bulk does require coins to be shipped in tubes, you might want to reconsider since there is also a $300 maximum value per coin allowed. Flips are not allowed on bulk submissions and would be returned to the submitter along with a $75 charge. (See links)
NOTE: Since you are a first time poster, is it safe to assume that you are NOT an Authorized PCGS Coin Dealer?
If you are not, then you'll have to join the PCGS Collectors Club and sign the above Bulk Submission Agreement before submitting a bulk submission.
As a side note, if you are technically inexperienced in determining actual coin grades, and you are NOT a PCGS Authorized Dealer, you might want to consider some basic 10 or 20 coin submissions before considering a 100 coin bulk submission as sometimes the learning curve is faily steep (and expensive)!
As for tubes, I imagine that if you are really concerned, you could devise a separator between each coin as the requirements are that they be in tubes, just not "how many tubes". For example, 20 coins per tube intended for 40 coins but I really think its neither here nor there since they are supposed to be professionals who know how to handle coins.
The name is LEE!
how good a grader are you?
are you planning on selling the results?
the reason I ask is MS65 war nickels are not worth very much (unless FS, and then only 45-S, 45-P, 44-S, 42-S)
apparently coins have been graded very high with bulk submissions, as you can do a cert number check and see what coins were around the coin
in the submission
I am not a fan about the cost being dependent on the grade
unless you have submitted before, I would recommend just sending in a few under economy and see if you can grade PCGS standards
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
I have gotten some
<< <i>bulk graded coins can get a +
I have gotten some >>
hummm , I thought they could not .........but you would know .
As for submitting coins in rolls in attempts at MS 70 grades - wow , that seems at the least "interesting" !
<< <i>I submit new mint issues looking for 70s by the thousands. Bulk submission does not mean any compromise in quality of handling. --jerry stephenson >>
I was thinking of doing a bulk submission someday as well, but after reading the threads about the process I'm not sure I'm comfortable doing so if it really means I'll have to send coins in tubes vs. flips.
If you are sending in modern proofs which will all most likely grade 69 or 70 how could putting them into tubes, then shipping the coins in tubes, then having PCGS remove them from the tubes not be considering a compromise vs. indivdually protecting each coin through the entire process??? Maybe there's a special trick to not bang up the coins in the tubes that I'm not getting? I would consider sending the coins in the original government packaging, but if I only want one coin in a given set bulk graded, I'm not sure I trust PCGS to return the other coins in the sets to me w/o compromising the quality of those coins not being graded (especially if they're just stuck in tubes vs. flips.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Rolls should be packed tightly and insulated at the top with a piece of cotton or tissue paper. As long as the coins inside the rolls cannot move around or spin they should be fine.
The bulk graders are good at what they do. They won't damage your coins even if they are flawless proofs.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"