PCGS Attribution Service Question

@messydesk

Easy peasy.

 

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Wouldn't hurt to double check but PCGS does the No FG 901. I've seen pictures of them in the current slab generations.

 

Are you recommending IGS as a reputable grading service? Tell me you’re not.

 

Reading some of this guy’s old posts (from a few years back) should be an enlightening experience and say much about who/what he is.

 

You’re right.

 

Yes it is the FS-901. I would certainly love to keep the grade for obvious reasons so your advice to contact them before doing any more is certainly appreciated and likely the road that I will take. I know that it had been posted above that they will do an attribution for the fee plus an additional reholder fee, which is fair in this situation for sure. Contacting them will still likely be my best step forward before sending it in. Wise advice though because I myself can almost never be lucky enough to get the attribution AND have it upgrade to a 68. No need to gamble on this one that was already a huge win.

 

Yes, I realize that and was clarified in a later post. At the time I was too lazy to look it up, but thank you.

 

You almost might as well do the regrade with the attribution. The reholder is 12 dollars and a regrade for a modern is only 16.

 

Yes I'm familiar with Vamworld I honestly stumbled on to the Super CD's by accident through their site. What a great service already! I have checked into the VSS and definitely plan to use them for the CD's, but I'm not entirely ready quite yet since I only have one so far that was unattributed..the "Trigger". It certainly sparked my interest and intent once I get my ducks in a row here. Thank you for your offer and I would like to take you up on the offer when I am ready to start having them done!

 

If it drops to 66 it would drop dramatically in value. Not that I think it would but why gamble? Best case it could go up to a 68, which it could, but I've already gotten lucky to even find it unattributed in high grade. Worst case, it drops from $2500 book price to $650. The reholder fee is still less than grading fees anyways, plus the attribution fee that's charged either way in this situation.

 

The guarantee would kick in if it did that

 

From the PCGS webdite:

If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed or non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade (in which case, PCGS shall become the owner of the coin), or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned (in which case, the coin at the newly established grade will be returned to the owner)

The issue would be that if it were to drop and be attributed, the difference in price would become trivial. Currently value on an unattributed SP67 is what, $36? I think it would be a very gray area that wouldn't be worth it.

 

No sarcasm. I'm just telling you what I notice people do who resell their coins online. I really don't like cracking out coins. Each time is a risk and there's only one direction a coin can go from such an undertaking.

 

You know when you're dealing with coins worth around $36 or so it's not worth all this effort for attribution. Really slabbing coins worth less than $100 seems questionable a proposition at best. I've slabbed cheap coins before and am learning my lesson and reselling them for the little extra for the effort isn't worth it.

 

Would you care to elaborate more on that? At any rate thanks for reading what I have to say. Having an audience means people care about what my opinions are so for that I have to say thanks.

 

I am aware that it's not worth paying grading fees in situations that you have a $36 coin....the attribution is to get the FS-901 Designation at this point. I'm thinkin you're maybe pretty new at this?

 

There’s no need, but since you want specifics and aside from the obvious, perhaps an interested party could start with your Secret Santa participation. Very telling stuff.

Yeah... keep telling yourself that while ignoring the fact this is a written discussion forum where reading the posts of others is a simple necessity. Whatever floats your boat.

 

You mean the Secret Santa for 2013? Ha, had you not brought it up I'd have forgotten about this totally. I reread the posts and I remember this now. It's potluck. Some people though seemed a bit disappointed with their exchange. That's the nature of this. Meh, win some, lose some. I think I gave something a bit more unusual out, maybe exonumia related. I don't recall for sure. I'll give it a shot this year. Might do it from overseas though. Depends on the circumstances I am dealing with at the time.

Well I speak my mind and don't appreciate past censorship as what I've had to deal with before here yet there are rules. One thing I will relate though, Cointalk is better than dealing with eBay or Amazon. Any small start-up that runs itself like them would cease to exist. Big arrogant outfits. The only reason I continue with eBay is given the size of their buyer marketplace and availability of goods. I was getting some business on www.bonanza.com but now they require a subscription to sell on their site and they have no phone support anymore. I want to try out www.ma-shops.de instead. Does anyone do business there and how much turnaround does the site get?

 

Not new at this. Been submitting coins for years now to ANACS, SEGS and NTC. A lot of work but interesting to see the finished product results. I've been willing to try the big two but the bureaucracy and money one needs to lay out with them first turns me off. I also don't think they do better work or grade better than the second and third tier competitors anymore. They're getting sloppy, not taking the needed time with the specimens and are making plenty of holder related mistakes these days. Not that I've sent them anything, but it is based on what I see from auction sites and videos I watch. They're both making mistakes that are unacceptable.

I think it's time the marketplace opened up more for coin grading. Better work for our coins can be done if we divide up the load of submissions among the various competitors. If everything goes to PCGS & NGC they have too much to deal with and then coins don't get the proper evaluations they deserve. If the business could be broken up among 10 companies or so the grading and slabbing process could be dealt with much better and given the care it deserves for the fees we're paying to have the work done.

 

But you are not going to get it split up amount 10 companies as long as everyone in the market believes that NGC and especially PCGS are the best and will bring the most money. As long as the exact same coin in the exact same grade brings significantly more money in an NGC or PCGS slab everything will gravitate to those two. And it won't change because people already have the mindset NGC and PCGS are better. Even nice coins that would get a small downgrade going to the big two get cracked and submitted to them because it improves their marketability.