Different Labels - Different Priced

The market may show that it's worth paying to put these labels on the coins, but does it show that it's worth paying the extra money for them on the secondary market, or does it simply show that labels are a good one-time flip?

 

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In todays labeled modern market the plain old boring blue label is the rare one.

Just checked the PCGS graded Apollo coins on Ebay.
17 of the 258 graded had the plain old blue label.

 

It really depends. One of the things I do is consider the final value for a graded 70 to determine if its worth it to add that as a collector. The recent 30k mintage ASE for example was a no brainier to add it. But on the flip side the 2017 enhanced uncirculated 10 coin mint set you would have gotten crushed submitting that as a collector and adding it to every coin.

I'd say generally speaking if a 70 is worth $50 then the special labels will generally be in the $55 to $70 range with the standard FS label being the $55 and some of the exclusive bulk labels that look extra nice being on the high end. Now if the coin is $500 that's a different story. The premium for the label generally holds up or at least mostly holds up when the price has settled in over the regular issues even if the overall price of all of them drops from the grade value declining. If nothing else even if they're the same price people will often pick the special label over the regular one making it easier to sell if someone decides too.

The cost alone often makes it not worth it for many of the issues for a collector to add it and they would be better off just buying one already the way they want it. In terms of submitting vs buying generally the most sought after ones are ones not available to normal collector submissions such as signature labels and such, though the Baltimore labels have proven to be popular on a couple different occasions.

 

There were two special labels for the Apollo coins. One you had to submit a bunch of coins to get. I ended up with the label that only lowly submitters can get. Never again, after that fiasco with PCGS, will I pay for any special label. I had to pay extra for a label I couldn't get, and got a label I didn't want. Could anyone call from PCGS and say hey we can't do that label. No they sure didn't, just slabbed the coins with a label I didn't ask for. I had no idea until I got the coins back. I would have been fine with regular labels and a refund of the money I spent for the special labels. Didn't even get the choice. &%#$ their special labels.

 

All of them are pretty clear what labels are and aren't available to regular submitters on their website

 

Personally, I'm a coin collector. Not a holder collector. Others collect both, so as long as this exists there are some who pay the premium set by other like-minded buyers. Whether or not I or other think it foolish is irrelevant. Numbers don't lie.

 

So the way I read it, get the special holder if you are a collector of a modern series with the special label and just getting one for your collection. But not if you want to sell it or try to flip it for a profit. Unless you are a dealer slabbing a large number of them and selling them to collectors.

I am so confused...

 

There’s really no one across the board answer, it varies on a case by case basis. There’s sometimes if you’re submitting it it’s a no brainier, other times where you should, and other times where you’d be better off buying one already done.

 

Don't be confused. This is plainly a gimmick that has paid off for the TPG's... and those who want to make extra money off of the hype.

 

They were not clear. Pretty clear and absolutely clear are worlds apart. Did you submit Apollo coins? It wasn't about regular vs. occasional submitter. I am a regular submitter and have paid dues for years. It was a coin count. The submitter had to submit a large quantity of coins. I don't remember the exact number, except it was more than the ten(both dollars, half dollars and the set) I submitted. That wasn't cheap. I can accept the fact I missed the fine print. That's not the point. Customer service is the point.

The fact that some obscure print on a webpage absolves PCGS of better customer service is laughable. I guarantee if I had submitted coins without payment, PCGS would have contacted me or sent the coins back. Or if I submitted coins under a modern tier and they were 19th century coins, they would have contacted me or sent the coins back. Think of all the submissions that could be submitted in error where the submitter OWED PCGS money to complete the transaction. Guaranteed PCGS contacts those customers. Why couldn't they contact me? Because I had paid them enough money for any option that was available for that coin. Any option. But, I can't get a call for my submission error?

Not everyone that submits coins to TPGs are looking for an advantage to sell the coin. I happened to like the label I had picked out for my coin, for my collection. I didn't choose the label with future financial rewards in mind. Nothing more than that is how I wanted to display my coin. Not now, thanks PCGS. Some of us are hobbyists. We actually collect coins for enjoyment.

 

These are the labels collector submitters can get.

https://www.pcgs.com/labels

Bulk submission labels are overwhelmingly owned by the SUBMITTER not the TPGs as they are exclusive. It works the same way with NGC and ANACS too. Many of the labels are only available to the submitter that has the rights too them.

It's not a matter of submitting a bulk submission or not, it's a matter of who has the rights to a particular label.

If you do a bulk submission then you could try and get your own label though I have no idea what the cost or requirement for that is.

 

Most PCGS MS-70 would have tto be FS i think

 

They can be, but they don't have to be

 

Oh. You just got a best answer in my book

 

I need to save up so I can try to get a "No Respect" label.