How many coins get graded today??

Anyone care to guess the TOTAL combined number of coins/tokens/medals that are being graded today by NGC, PCGS, SEGS, ICG, and ANACS? That's US, foreign, ancients, and tokens/medals. No paper money.

There are probably at least 40 graders working today, possibly closer to 60!

 

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275,000

Chris

 

Yep, today as Monday's are always busy.

 

My economics professor who was taught by Keynes personally had a few favorite sayings when I was an undergrad in the 1970's. One was, "we pay one huge group of people to create garbage, and we pay another whole group to carry it away."

Now why did I think of that by reading a post that included the acronyms SEGS, ICG, and ANACS? I'm not sure why, but I did. If I were a VAMmer, I wouldn't put today's ANACS in that list, but I'm not even an active Morgan fan, much less a VAMmer. To me, anyone but PCGS and NGC immediately takes me back to Professor Lyons' quip.

But then again, so does 90%+ of the popular music industry.

 

@V. Kurt Bellman

My organic chemistry professor once told me that it was a good idea not to raise my hand so he would actually think I really had the answer to the question.

IMHO it is EDIT like this that "queers" threads. I should have expected as one of the more informed members on CT that you would have had some important input to add. Now, I hope you can get over your allegiance to specific TPGS's, put your thinking cap on, and add a guess.

I also hope members don't follow your example; but that won't happen.

 

Here's my guess - I'm not sure why I'd care. Beyond that, I'm assuming that it is far more than would be wise, and that it is inflated by mass gradings of coins like some modern new issues that have only three grades - 68, 69, and 70. You may insert the appropriate two-letter prefix. I have heard from those who know, at numismatic talks, that VERY inexperienced graders do moderns all day at a hellacious rate with very little care taken. Does that square with your knowledge? They are basically told, "Here is the most frequent place to find a mark. If it has it, but is otherwise clean, it's a 69. If it doesn't have that mark and looks clean, it's a 70. If it has obvious other marks, it's a 68."

 

I agree with all of the above ... and at the end (this may be the end as no one else seems to be curious) we can talk about how we arrived at our numbers. It does not change the question except for the fact that the moderns are graded quicker and ADD much to the total.

BUT FOR NOW, I hope some here provide some thought as to only the NUMBER OF COINS that were graded today. I'm saving my guess for now. I will say IMO 10,000 is too low and 275,000 is too high.

 

Let's do some math. Assuming a 5-day work week. 10K per day would be 50K per week? 220K per month? A million in less than 5 months? Does this sound plausible? 2.6 million or so per year? Sounds highish to me.

 

My Econ 101 Prof used to throw out candy bars to the students who got the highest scores on tests. He stopped when I handed him a bill from my dentist for repairing a cavity.

Chris

 

THANK YOU

So your guess is also 10,000 for the one day (today) count.

HINT: More than one grader has told me they grade between 200 & 300 coins a day. That seems a bit much to me.

I'll bet the modern graders can do closer to 1000 (if the coins are there to grade which is especially true when the SE's are first released). So I think the modern guys at only PCGS and NGC take us over 10,000.

 

Our senior Econ major class sold t-shirts with the Grateful Dead logo on it with the Keynes quote (with a capital letter added), "In the long run, we're all Dead."

 

@cpm9ball Wish to lower your total although it may be correct?

 

Well, 60 graders doing 1 coin/minute for 8 hours works out to 28800 coins/day being graded. Round up to 30000 and realize that this is probably an underestimate, and I'd say the number falls between 30000 and 75000.

 

So in other words, during and just after the winter F.U.N. show. I have witnessed the delivery of the pallet at F.U.N.

 

Careful! Have you seen a video of coins being graded live and in real time? I have. One a minute is not anything like the rate I saw. Every coin was seen by two graders and a finalizer and it took MUCH more than a minute, plus they do their own data entry.

 

No! By the way, I used 7.5 hours per day because of lunch.

Chris

 

10K is the top I'd consider possible.

 

Just to stir the pot - how many get DE-SLABBED per day? I once saw a high end dealer put a slab on the floor of his booth with one end of it on the steel tube that ran along the floor of a molded chair in his booth. The tube was between 1/2 and 3/4 of an inch in diameter. The dealer proceeded to stomp on the slab with the heel of his cowboy boot and extract the coin from the carnage. I'm guessing it was a Details Only coin that instantly became a choice raw coin.