pcgs coin values for submissions

Started by nealeffendi, December 24, 2017, 08:40:02 PM

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nealeffendi

Putting together a couple of submissions with pre decimals worth a few hundred to a few thousand (sending both an Economy and a Regular submission in the package to the US). On my existing inventory PCGS lists various values for certain coins (eg a '38 crown at 500USD in MS62) but nothing for others. So for coins that might have cost under the 300USD mark but have a current market value well over that should I put them in the Economy submission or put them in the Regular submission? As an example I have a few '51 florins (both standard and commemorative) that will grade MS64 and higher, at MS64 they have a value of under the limit but those that might grade MS65 (or higher :beg:) might be valued by PCGS as above the limit.
Trying to work out how PCGS might value a coin is hard as for some coins they lowball the value (a '54 MS65 Commemorative florin is just 90USD according to PCGS) and I don't want to pay the extra 12USD per coin if I don't need to.
Would they just bill me the extra 12USD for any they value over the limit or will I be hit with extra admin or other fees or have the over 300USD coins sent back as a second postal package?
Thoughts? Experiences?

echidna


wwwww

If you send them in the wrong submission they'll sometimes send them back ungraded (No Service).

nealeffendi

Quote from: 'wwwww' pid='113449' dateline='1514129965'If you send them in the wrong submission they'll sometimes send them back ungraded (No Service).

I can understand that if you put say an error coin in a normal coin submission but for standard coins that might fall above/below the 300USD point they won't grade them? Especially as they needed to grade them first to determine if their value (based on higher/lower grade) is above or below the threshold.

wwwww

Quote from: 'nealeffendi' pid='113450' dateline='1514130628'
Quote from: 'wwwww' pid='113449' dateline='1514129965'If you send them in the wrong submission they'll sometimes send them back ungraded (No Service).

I can understand that if you put say an error coin in a normal coin submission but for standard coins that might fall above/below the 300USD point they won't grade them? Especially as they needed to grade them first to determine if their value (based on higher/lower grade) is above or below the threshold.

Yes that's what I'm talking about. If it's worth more than $300 send it regular.

123456789

I'm sending my first batch to PCGS USA. Going through a 3rd party now is just to expensive
Do most people use fed ex and send to the collectors universe. I asked pcgs for advice but got no response. They seem quite strict on what carriers you can use.
Thanks

purplepennyhunter

Quote from: '123456789' pid='113942' dateline='1517048917'I'm sending my first batch to PCGS USA. Going through a 3rd party now is just to expensive


I disagree. Going through an authorised dealer such as Drake Sterling was cheaper than sending our own last submission we did (and I do exacting numbers). A professional will also give their opinions on coins so the newbie doesn't waste their money on no-grades or bodybags.
Co-Founder Australian Coin Forum

123456789

I live in the UK and there are only a couple of agents that send coins to PCGS.
The agent now charges me about 100$ AU per coin for the regular service.
I'm sending 20 coins so I will be saving about 1000$ doing it my self.
I've had quite a lot of coins graded now so believe I've got a fair idea on what they look for, even though there are always one or two coins that grade above or below what I thought the would grade.

ausproofs

I have used Australia post. I suggest you use Royal mail express or similar ?
Collecting coins is not about having the best, but loving what you have ...

nealeffendi

Quote from: '123456789' pid='113944' dateline='1517096130'I live in the UK and there are only a couple of agents that send coins to PCGS.
The agent now charges me about 100$ AU per coin for the regular service.
I'm sending 20 coins so I will be saving about 1000$ doing it my self.
I've had quite a lot of coins graded now so believe I've got a fair idea on what they look for, even though there are always one or two coins that grade above or below what I thought the would grade.

$100 per coin, what a rip off. Probably cheaper to hop on a flight from England to the US, submit at a coin show and save on postage.

drakesterling

Quote from: 'nealeffendi' pid='113951' dateline='1517147411'
Quote from: '123456789' pid='113944' dateline='1517096130'I live in the UK and there are only a couple of agents that send coins to PCGS.
The agent now charges me about 100$ AU per coin for the regular service.
I'm sending 20 coins so I will be saving about 1000$ doing it my self.
I've had quite a lot of coins graded now so believe I've got a fair idea on what they look for, even though there are always one or two coins that grade above or below what I thought the would grade.

$100 per coin, what a rip off. Probably cheaper to hop on a flight from England to the US, submit at a coin show and save on postage.

Or send them to Paris, or submit them direct to PCGS at one of the local London shows that PCGS attends.

drakesterling

Quote from: 'nealeffendi' pid='113444' dateline='1514110202'Putting together a couple of submissions with pre decimals worth a few hundred to a few thousand (sending both an Economy and a Regular submission in the package to the US). On my existing inventory PCGS lists various values for certain coins (eg a '38 crown at 500USD in MS62) but nothing for others. So for coins that might have cost under the 300USD mark but have a current market value well over that should I put them in the Economy submission or put them in the Regular submission? As an example I have a few '51 florins (both standard and commemorative) that will grade MS64 and higher, at MS64 they have a value of under the limit but those that might grade MS65 (or higher :beg:) might be valued by PCGS as above the limit.
Trying to work out how PCGS might value a coin is hard as for some coins they lowball the value (a '54 MS65 Commemorative florin is just 90USD according to PCGS) and I don't want to pay the extra 12USD per coin if I don't need to.
Would they just bill me the extra 12USD for any they value over the limit or will I be hit with extra admin or other fees or have the over 300USD coins sent back as a second postal package?
Thoughts? Experiences?

PCGS is flexible on values, so long as you don't abuse it. For example, you can send via economy, say, a 1951 Fed florin that might make MS65. But don't try to send a 1923 halfpenny under economy.

Eric