If people are buying "Labels" it is probably because they are already collectors and have All the other coins in the series and need the two key dates in this set to continue their sets. I believe that NGC may be more "popular" (more collector sets) than PCGS, even though some claim that PCGS is worth more because they have stricter grading standards. I would guess that they will both sell for approx. the same prices. I have an NGC series.
I was looking for the prices to get these graded. I know that PCGS is $14 per coin plus $18 if you want First Strike (not worth it IMO), but I don't see anything for NGC Early Release, except that you have to use the Modern Special (which you would have to use anyway for the 25th labels). My question is, will you get the ER designation if you only pay the $17 for the Modern Special with NGC? Or do they have another fee tier to cover that? Definitely getting these graded unless people start seeing problems when they open them. Has anyone seen how to get OGP back if you send them to NGC? Mine shipped today so I should have them tomorrow, but I will probably sit on them for a few days to be sure I do this grading this correctly. That will also give me time to see what the prices do on ebay.
Actually, I don't know about PCGS, but NGC numbers their slabs by submission so if a set has consecutive slab numbers there is a very high likelihood (although not absolute proof) that they came from the same set
Sequentially numbered or not, can anyone possibly know that all of the set they are buying actually came together originally? Do you think it's even remotely possible that any one set directly from the mint would produce 5 70's?
Do First Strike labels really pay off? I've bought plenty of PCGS FS coins, but I never paid $18 more than the non-FS ones. Maybe these coins are different though. It seems like most folks wouldn't require FS since all their coins prior to 2010 don't have that label anyways. If I submit I'm only doing the coins unique to this set and the plain label.
I'm planing on sending my unopened sets to PCGS. What is the best and safest way to send them? How much should they be insured for? Thanks.
I don't see how people with any knowledge of the 4-5 hour sell out would pay more for a FS designation with the exception unless they thought that they could get it back if they sold them. The "buy the coin and not the label" sentiment is really strained on this one. I think there's a lot of "if you can't beat them, join them" going on.
I think the cost would be this for 5 sets and FS designation: Modern tier cost of $14 + $18 FS designation for each coin = $32/coin 5 sets would equal (32 x 5 x 5) = $800 + shipping Shipping, assuming you got a few 70's on the keys would be probably up to $15k of insurance, above $5k most likely, making the shipping cost back to you $34.95 If it cost the same to ship it to them, then the cost would be 800 + 2(34.95) = $869.90, add on the $8 handling fee for each submission and you are up to: $877.90 Please tell me if I left something out, I have never submitted before, but this is what I can get from the PCGS fee schedule, assuming you have already paid your membership fee.
$450 to have First Strike printed on the slabs!!? At least we know that PGCS is going to make a lot of money on these coins.
Those of you who are sending the sets in for grading, I'd appreciate it if the results were posted here.
The more I think about it the more confused I get. Seriously, how does an early release or first strike label make a coin more valuable or desirable? A 69 is a 69 and a 70 is a 70. So what if it was released a couple of days earlier? What a freaking artificial market we've bought into.
Its because the plastic and the little paper insert is what we collect, right? The little bit of metal inside is just an afterthought. I am waiting for the super-duper ebay listing, "2011 ASE 25th Anniversary set, MS 70, First Strike, CAC tag in mint condition, (with tag), and plastic holder has been encased in plastic and then rubber to make sure not one scratch is on the original mint PCGS plastic. You cannot see the coins anymore, but PCGS and CAC swears they are in there somewhere."
I am thinking of following the same route... Driving to Vegas in December with my sets to decide if to submit them or not... And looking at the PCGS population report to decide the breakdown between 69 and 70 (though NGC is a little more lenient on the grades of course)... Does anyone have an idea on the First Strike vs 25th Anniversary label? Talking to PCGS a set of 5 with standard labels will cost $70 per set, and if you want the First Strike labels it will cost $160 per set. I am not sure about spending an extra $450 for all five sets for First Strike labels when we all know that all sets are truly first strike anyway.
When i have looked at the Price guides it appears that FS yields between $2-$10 premium. The value is in the coin not the label. I will not pay to have the FS label, in fact I'm only going to get the RP & S slabbed because I already have the W & unc. Slabbed.
A word of warning: prior to that post, PCGS told me the cost would be $14 / coin + $65 to have the grading done at the show. After posting, in a separate call, they said it would cost $65 / coin (minimum 5 coins) to have the grading done at the show. I am planning on triple checking once the population reports are out and there is enough bidding on E-bay to determine what premiums are being paid.
Y PCGS told me that I can leave the coins at the show at have them sent back regular service and it would only be $14 per coin. If it is $14 per coin and a surcharge of $65 for the whole submission I would do that, but I doubt that would be the case... More likely $65 per coin IMHO...