NGC a whopping 36 day turnaround?!

Log in or Sign up to hide this ad.

That happened here also I called in and asked about my coins. It took them a week to slab them and QC them prior to shipping. One thing that I will say is that those gals that work the phones in costumer service have always been top notch with me. As I was talking to one about my coins she also mentioned that they were looking for graders and wanted to know if I knew any.

I sent my coins on March 14th, they received them on the 18th. I got word last night as I wasn't home that they tried to deliver them to me last night. You bet I'll be over at the post office in about three hours when they open. That's 37 working days.

 

If I walk in my local dealer with my anacs certified XF40 1909 S VDB and I am lookin for $200 bucks I am pretty sure they will NOT refuse to take my coin lol. I understand paying less, but I wouldn't want to deal with anyone that is that closed minded.

I can't argue that. I know they guarantee the authenticity. I really doubt they slab too many fakes though. A fake to an NGC grader has to be the difference between the colors red and blue to us. Also in the unlikely event a fake can make it though the the submitter/grader/finalizer/quality control it is unlikely to be discovered anytime soon.

 

Of course, for a price a dealer will take anything he can make money off of. The ones Doug is talking about will look at your coin in that holder as a raw coin, one that he will buy and immediately crack out and submit to NGC or PCGS. If the coin will be treated as a raw coin and the slab will be discarded, what was the point of you spending money to send it in to begin with? Slabs are valuable if they add to, or ensure, a value when you go to sell them. If a dealer will ignore a slab and immediately crack it out, what value did you get from that submission?

I buy ancient coins slabbed if I like the coin. In fact, I find great joy cracking them out of their little coffins. To me and a lot of ancient collectors, any slab is wasted value if the coin is sold to us. For many dealers, any non-NGC or PCGS slab is wasted money selling to them as well. That was Doug's point I believe.

Chris

 

Nicely put there Chris Now that I can certainly understand! I would never buy the slab on any coin pcgs or sgs it makes no difference to me. I only buy the coin and grade it to the best of my ability.

I have an NGC G4 morgan dollar sitting here with part of the reverse rim missing (a gouge big enough to stick a pen tip all the way inside). How that made it though quality control is beyond me. No grader is perfect. Thats what I get for buying sight unseen

 

Sure, now all you have to do is convince that highly successful dealer to give up his business and go to work for you. And of course you are going to have to pay him more than he made as a highly successful dealer. For some reason they don't get a lot of takers.

They also guarantee the grade too, and I would suspect they have to pay off more often on that guarantee than they do for authenticity. That is why consistency in the graders is so important You get mind numbed at the end of the day or week and your grading starts to become more erratic that can cost the company down the line.

 

Sometimes I think patience and coin collecting are mutually exclusive.

 

Except among us old timers who learned our patience years ago ordering proof sets in February and hoping they would arrive in time for Christmas. Orders from the mint had to be paid for in advance (and the Mint did cash the checks), you couldn't get updates on your order, and you couldn't cancel them. You could gripe to other collectors, which did no good, or you could learn patience and accept it. Same goes for waiting for your grades from the TPGers. Your squacking about a 36 day turnaround. Back in 86 to 88 turnarounds of three to four months were the norm.

 

I don't have patience for economy. I tried it twice--the first time I did a submission, and the result was spectacular, well worth the wait, a submission through the ANA. A rare $20 Liberty "O" mint went from an AU 50 to 58 and a $30 1932 Washington quarter got into a MS65 holder!

PCGS states its current times are:
Current Turnaround Times


REGULAR SERVICE:
• 18 business days.
Economy Service:
• 31 business days.
Modern Service:
• 16 business days.
World Service:
• 30 business days.

And NGC is about the same: http://www.ngccoin.com/services/services.asp

Too bad there isn't a third alternative with the same standards...

 

I got mine back from NGC finally and it took 38 days. All I say is they were brutal this go around with grades. I don't get it. It makes you wonder if they get so far behind they speed grade and are ultra conservative just to get caught back up. I have two I'm thinking about re-submitting, but I'm going to wait until the turn around time improves.

 

I feel like it would give you a headache, but you are constantly analyzing and thinking, and you also would get to see so many different types of coins with different toning and varieties. I guess it would be a little repetitive if you got presidential dollars all day though.

 

How would you like to be the grader that gets a monster box of ASEs set next to you submitted by a dealer. There you go. Look at ASE's all day and pick out the 70s. Man. Thanks but no thanks.

It would be interesting to hear from an actual grader, just to see what the typical day is like and how many coins they might grade themselves in a day. Unless that's supposed to be shrouded in secrecy.

 

well this is the job they chose. if they dont like it that can get a job somewhere else

 

I've spoken to some. It seems that some of the newer ones get the Modern Stuff like Monster Box's.

But yea the Bulk submissions would be really boring.

 

they all need to work on their summer tan also.. I used to collect Hockey cards and I waited over 2 years for a redemption card to come in.

 

Shoot...why they so slow?

 

I was just checking for fun and noticed that they are up to a 40 day turn around.