Is it ok that I sent to PCGS with signature required?

If you insure it and send it registered, everyone who touches it must sign a form with their name and date. (according to my delivery person)
Semper Fi

 

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I was originally going to send them in the mint packaging but I wanted to pre-screen and only send in the ones I thought had a chance at 70.

Because at the time I didn’t know they meant the blue packaging. I thought they meant “sealed” mint packaging. Like this:




I thought If I sent in for grading in mint packaging one coin could have a ginormous scratch and I’d have no clue and end up paying $35 to have it graded when it doesn’t even have a chance at 68 let alone 70. xD

If I had known I could send via the blue packaging for the coin that is in the brown sealed packaging I would have definitely sent them in like that.

 

Yea that's the way to do it for moderns, much easier and protects it a little better in shipping.

You should edit out that tracking number in the picture too

 

Yeah now that I know I will definitely do that next time.

Also I can’t edit my previous post but I think it’s okay because I’ve already received the item so it’s not like the tracking number is useful for anything. I think the only personal info on there is the city I live in but I don’t mind anyone here knowing that.

 

No I sent with FedEx because they accept both USPS and my local USPS was closed for Veteran’s Day.

 

So I just did the math and it looks like I spent on average $146 per coin for the coin purchases themselves, PCGS membership, grading fees (including FS), and shipping fees and supplies.

If every single coin comes back MS69 I should be able to still net a small profit if I can sell each 6 coin set in MS69 FS for at least $880 per set.



Any 70s would just be icing on the cake so I’m relieved to know that I’m not going to lose money if I don’t get enough 70s.

I’ve tried to keep my eye on the average cost per coin rather than each little fee.

Should I keep the OGP boxes and COAs if the coins are getting slabbed?

 

You could offer them with the sale if they want it but most likely you’ll end up just trashing them after the sales. Doesn’t hurt to keep them until after they sell but once they do no reason to keep it

 

I noticed on EBay people tend to sell the packaging without the coin for a decent amount.

This guy sold 3 of the 2021 D Morgan OGP boxes & COAs for $51



Maybe there is a market for people who accidentally damage their own box/COA and want pristine ones?

 

Yes, when selling it can set your listing apart from the others as many collectors like to have all OGP. It’s all in the presentation with added photos, additional words in title it w/mint box COA

 

A number of buyers of those have nefarious means for it. That's surprising to me it went that high assuming it wasnt just a pumped up listing where someone never paid. The majority of people couldnt care less about the OGP when buying a slabbed coin unless it's a special one which standard issues like this wouldnt be

 

And other odd balls would pick up a cheap 69, crack, and stuffer back in the box. I hope that’s not the nefarious part. 69’s are in some cases 70’s in disguise.

 

There certainly are people that buy it for legit reasons. That said there's definitely people that will crack low grades and use them to sell raw or the most nefarious part put counterfeits in them

I have a hard time believing that sale given how prevalent this packaging is and the fact that the last time a lot of 3 boxes was offered it sold for 19. There's just no good reason someone would be paying almost 20 dollars each for a group of these boxes

There's multiple bins of the same thing for less than half that price as well many of which are OBO from the same seller

https://www.ebay.com/sch/i.html?_fr...=0&_osacat=0&_odkw=3+x+2021+morgan+dollar+box

https://www.ebay.com/sch/i.html?_fr...6101c1c16225333&rt=nc&LH_Sold=1&LH_Complete=1

 

I have to admit I sent all of my morgans and the peace dollars in to pgcs unviewed and in the original mint packaging - I saw that they required you to either send it in within 30 days or, if later, in the original mint packaging for first strike designation. I figured this means I can just ship the whole bundle in and let them break everything out of the mint capsules for me (the instructions I think admonish you to remove it from mint packaging and place it into the mylar flips on normal raw submissions). I just considered the extra $18 per coin a service fee for me not having to deal with anything other than shipping the kit-n-caboodle in for them to deal with. Plus as you mentioned, there might be a slight premium for the First Strike label that I hope retains this cost in the coin value.

But basically, I'm lazy. I also don't trust myself not to scratch the crap out of a coin while trying to pry open that government airtite - and I didn't want to spend all day with a hair dryer trying to melt them open.

Besides, any of the coins that are 69 or below I'll just use to cover family Christmas gifts over the next few years.

 

With the condition some of these came in, I would have opened them. I sent two back to the mint. Know someone else who sent three back to the mint.

Also, some of the capsules for some people popped open themselves during shipping. But if you had 20 of them in front of you and you wanted to keep the capsules and not get charged to have them sent back to you, they were a real challenge to get open. I would say 30 seconds a piece, minimum to "carefully" open. I wasn't going to trust someone who opens these 8 hrs a day to be as careful as I would be with them. So I popped them all out and submitted in slips with labels like I would anything else and just kept all the packaging. I wasn't going to pay $12 per for the stupid early release designation.
But yeah, the capsules were a bear. They're meant to be pulled straight out and if you don't have a machine to do it, they have to be pried and spun for about 30 seconds or more to carefully get one out. I'd hate to see how they're doing it with thousands of them to do.

 

NGC charges to ship it back. Unless there's a recent change PCGS does not where he sent it

 

Yeah, I don't recall getting charged for having them send the containers back earlier this year for a couple of ASE's - it must be covered by the first strike fee. Would be irritating for them to require unopened original packaging to gain the designation and then have them charge because I added the unopened original packaging.

That's a valid concern and has me a little worried, now...

 

The people that open them don’t have all day, and have by know perfected the process. Like a well oiled assembly line.

 

Knock on wood to not jinx it, but it's always come back to me as it has been just standard for them and I rarely use the FS.

 

I know what you mean. I accidentally cracked one of my capsules on one of the 2021 D Morgans when I was looking it over to see if I could find any blemishes or striking weaknesses prior to submitting to PCGS.

I managed to get part of the capsule off but when I tried to pry off the rest it cracked. :/ I didn’t know it had to be done in a special way. I assumed they were just like ASE proof capsules.

 

I think the MS69s will still make a decent profit.

My plan if I get a bunch of 69s is to sell them as full sets of all 6 coins.

There are lots of people out there who would be happy with getting a full set in 69 if it saves them a large amount of money.

They may actually prefer to pay $1,000 for a full MS69 set of all 6 coins rather than paying $2,000 for all 70s.

Most collectors would have difficulty distinguishing between a 69 and a 70 anyway and a 69 coin is still an almost flawless coin that still looks beautiful even if it’s not a 70 so I imagine there is probably a market out there for 69s for those kinds of people who just want a full set at a decent price.

I am just hoping that at least 1 out of 3 of each Morgan mint marks comes back a 70 so that I can have a full 70 set for myself and then sell 2x full MS69 sets to recoup all the expense I paid which would basically mean I got my full 70 set for free.