NGC a whopping 36 day turnaround?!

I have had my coins at ngc to be graded for over 2 months. I just noticed they are up to 36 day turnaround est. :O If this company is so swamped with business why don't they just hire more graders? I am pretty sure this will be my last NGC submission

 

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Where are you going to go? See my thread below, I am over 6 weeks at PCGS for their 20-30 day service. At least NGC probably uses the same calendar as the rest of america.

 

Please don't be offended, but I always have to chuckle a bit when I hear something like this. You must keep in mind, that some of the staff had been attending recent shows, and there were more submissions produced over and above the usual mail-ins. The new hockey pucks were also released, and there were undoubtedly many national dealers with bulk submissions. You will also hear the same complaints about PCGS from time to time. Is California closer to you?

Of course, you could also submit your coins to ANACS or ICG because their submission fees are lower, but their grading is sometimes suspect. Unfortunately, the values of coins in the newer ANACS and ICG slabs won't command the values that a PCGS or NGC slab would get, and some dealers will flat out refuse to take them.

Your only other alternative would be to send them to one of the third-world grading services, get MS70 or PF70 on every coin and have them back in 5 days.

Chris

 

Hire more graders? that would mean they'd have to create JOBS! I am certain they could fill those positions with qualified graders, but seriously, when is the last time you saw an ad on monster or some job site for a professional coin grader? I've never seen one. Besides "professional coin grading" is really an opinion, so would it then be an expert opinion giver? I'm not being silly. I am serious. I am sure many would love to grade coins on a pro level providing they have the experience behind them. It's kind of a catch isn't it? Since all grading is opinion. Most anyways.

 

Yep! They could hire more graders, but then they would need more QC staff to keep up with them. They would also need more technicians for slabbing and let's not forget the rest of the support staff. Probably then, the turnaround times might improve, but they would probably have to charge more than PCGS.

Chris

 

I was talking to Lisa at NGC about some Icelandic coins I send in for grading and had a very pleasant little conversation with her about how very busy they have been over the passed six months and she had asked me if I knew any first class world coin graders that was looking for a part time job and I saddley said no because,,,I know how tuff the requirments are for such a job.

So if anyone out there think they can fill these shoes give NGC a call.

 

Honestly, I would think you'd have to be nuts to stare at little metal disks all day long, 5 days a week, 50-51 weeks a year. I feel a headache coming on now!

Chris

 

Sure they can hire more graders, all they have to do is lower their standards and hire less qualified people. It's like those people who say that the way to handle the problem we are going to have with not having enough doctors. They say that the medical schools just need to admit twice as many students and graduate more. Medical schools are not easy to get into and they are tough. They only want the best. So in order to admit twice as many they they would have to lower standards. World class graders are not common either and many of them already have good businesses of their own, many of which pay them more than they would make with the grading service. They would have to give up those businesses to work for the TPG's. The TPG's can work at training up more graders, but there is also the burnout problem. Most graders can't take the daily grind of the grading room for an extended time. People think it would be great to be a grader, but you do about a thousand coins a day and it works out to two coins a minute with no breaks. Take a break for a minute and you get behind, now you have to do three a minute to catch back up. And you do it day after day after day. No sitting back an admiring a nice coin and enjoying it for what it is because you've got to keep up the pace. And her come your next box 200 state quarters, or ASE's. All the same, mind numbing, but your grading has to be consistent as well. It isn't for everyone. Yep, all they have to do is hire more graders.

 

I just don't get the posts here about grading companies. You know, its not a requirement to send coins into TPG to enjoy coin collecting. I have happily collected for decades without ever sending one in, and merrily sawing them in half on the off chance I buy one. The only slab I have kept is one giving the wrong grade, the wrong emperor, wrong attribution, and wrong date. I keep this just for fun.

Try enjoying your coins more, not worry about someone else's opinion. Not trying to sound flippant, but maybe how its coming across.

Chris

 

you can just wait
they are busy with the real money makers the TV shows.
They have to slab 1000s of PF70 contemporaries

I take great exception to the constant posts about ANACS and ICG not being as good as the big pimps. And now gumball claims "some dealers will flat out refuse to take them." complete BS

 

I really don't see how NGC would have to raise prices to hire more graders. They make $17 per coin for economy. Compared to other business they are selling a service not a product. All they have to do is pay a wage to the grader, quality control person, and buy the slab. The per coin cost of them to actually grade is probably VERY low.

There is no shortage of dealers out there with years in the business, who are experts in coin grading standards of PCGS and NGC. The coin still keep standards high while bringing in a few new graders.

You are also 100% right when you said ICG and ANACS bring in less money. But from a dealer stand point what will cost you more...... Selling a coin for a few bucks less? Or having the coin out of your hands for 3 months to get graded?


I've never heard of any dealers that refuse to take ICG or ANACs coins. If there is such a dealer its his loss if he "refuses to take them". Heaven forbid you come in with a raw coin LOL. I would take an SGS coin if the price was right. Buy the coin not the slab............

 

I literally just called about my black beauty nickels and was told 40 days, then I see this thread. I almost didn't believe the guy.

 

Actually, they are selling a product. They guarantee the grade and authenticity of each coin they grade and my guess is that costs more than the grading by itself. If just one of those $2000 coins has a problem, it takes more than one of those $17's to make up for it. I personally have received about $750 from them and know of no dealers who have not received at least something.

 

I would have a problem with 30+ days mostly because my attention span is way too short for that. Id completely forget what it was all about. LOL Of course then it would be a nice surprise!

 

Gxpb mbxmrb kurr srksvg nb pxcxqg.

 

I, for one, cannot argue with that!

 

It could very well be that hiring graders would cost them more. Businesses need to gear up for steady business, not peaks. If they gear up for peaks they will have disadvantageous costing structures. SPring and fall are busy times, and I would not be surprised that the time goes back down in the summer. If you staff up for the peaks, then you have employees underworking the rest of the time, adding to your costs.

 

This is what happens to you when you "stare at little metal disks all day long, 5 days a week, 50-51 weeks a year." :smile TC

 

:goofer::hail::w8v4::jumping-jack::too-cool-for:

 

Folks, there's always SGS! :devil: