PCGS Fee increase...

I'm sure many of us knew that PCGS was raising fees for 2013. I can't really blame them, as the cost of doing business is going up for everyone.

But, what was not announced, but recently found out, is that PCGS has raised the return shipping fee to a minimum of $18.95. This is for priority mail.

 

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It's good to be the King, and PCGC is the King (of the TPGs). . TC

http://www.youtube.com/watch?v=9z6zEHG_qQU&feature=youtube_gdata_player

 

CLCT has to cover that 12% dividend somehow. Winner here is NGC.

 

Lol, you beat me to it. I was going to comment on how their dividend, (which they are using to prop up their share price), is way more than earnings. Either they need to cut the dividend or increase earnings.

I looked into this stock due to its yield, but felt bad owning it because:

1. I am nervous about their ability to raise earnings enough
2. I hate them.

 

I'm quite sure that the Graders aren't the folks that slab and package the coins for shipping. As such, I don't have a problem with their return shipping fee's since it's more than likely keeping quite a few folks off the unemployment rolls!

 

*snickers*

 

I love snickers!

 

They are paying a larger dividend than they are making in profit. That can't be sustained. Also the books on CLCT look horrendous.

 

You too can save a lot of money by not slabbing your coins. Learn to grade, don't bother wasting money getting a 3rd party opinion slapped on your collectible that doesn't necessarily raise the value of the coin, at least for collectors who don't buy slabs but buy coins.

 

Right. But when you sell, how do you prove the grade you assigned to them? A buyer may think they are of a lesser grade than you believe. It just makes you coins harder for you to sell at a price you want.

 

Slabbing improves the price, regardless.

For some coins, the diff between MS64 and MS65 can be HUNDREDS of dollars.

Not all buyers are collectors, some are investors, they want to spend $1000 on a coin, and tuck it away for a while, hoping it increases in worth.

Even for collectors, even experienced collectors, some coins are VERY hard to tell the difference between MS64 and MS65.

So if you have a coin, that is worth $2000 in MS64, and $2600 in MS65, if you sell it, you might get 2000 for it. Sure, YOU can say it's a 65, but most people are going to take your opinion with a grain of salt.

Now, if you spend the money and had it slabbed, and it comes back 65, you can get a lot more for it.

 

I was slightly irritated that moderns used to be 1955 to date and are now 1965 to date.

 

Still showing 1955 on my end.

 

Really!?!?!? Where does it say that? I sent a 1958 Quarter a while back and was charged for the modern submission price.

 

LOL.......I don't hate them Chris, but I sure as the devil like their grading service. Like the slabs too but that's just a personal preference. Now, as an investment, would I add it (fill in the stock market acronym) to my investments? Nope. just a collector, not an investor........:devil:

 

Always considered the '65 date as the cutoff. Why '55? What happened that year?

 

If you show me a raw coin and tell me it is a 65 and you want $2600, and I feel it is only a 64 coin worth $2000, and you then get it slabbed as a 65, I'm still only willing to pay the $2000 because that is what I think it is worth. "But the TPG says it's a 65 worth $2600." Fine, sell it to the TPG. I'M only willing to pay $2000, I don't care what the label says.

But yes you will be able to get more from the people that buy labels and not coins. What is silly is if you offered it to them raw as a 64 for $2000 they would pass, but then they will buy the exact same coin for $2600 with the 65 label. Same coin, condition hasn't changed but suddenly the "dog" is desirable. Something strikes me as wrong in that situation.

 

That was not what I meant.

Anyone can assign a grade. I can take a AG-3 large cent, and call it MS69 if I wanted to.

For some coins, telling the diff between MS64 and MS65, is really hard. Not everyone can do it. I can grade just about any US coin, but once coins hit the MS grade, it gets really tough. Even some experts here on CT, have trouble with MS grades, on certain coins.

So if I'm buying a coin, and a seller says it's 64, I may not know for sure. If 64 is worth $2,000, and 63 is worth $1650, do I really want to pay $2000 for it, have it graded, and it come back a 63? NO. I would loose my shirt.

That's how the TPG comes in handy. If the TPG labels the coin as 64, then there is a 95% chance it's a 64.

If the coin is sold graded, as MS-64, by PCGS, or NGC, then I will feel OK paying 64 money for it.

Not everyone can grade MS coins, so the TPG does the homework, and you feel safer buying.

Ever notice how a lot of CT member say "don't spend that much unless it's graded"? Well they are right! You can run into a lot of grief buying MS coins in the raw, if you spend a lot on them.

 

+1 for lgl.

 

I swear it was 1955 before, but in any event it says 1965 now...

http://www.pcgs.com/servicesandfees/

Not sure what happened in 1955, or 1965 either other than the metal change. Not sure why would that would be significant. I guess you have to choose a date somehow. Flip a coin? Ha-ha.