NGC current backlog

Discussion in 'Coin Chat' started by Vess1, May 4, 2021.

  1. Vess1

    Vess1 CT SP VIP

    I just checked on the status of a recent submission and it says current wait times for US Economy is 53 days! Has anyone seen it get this bad? Isn't economy usually supposed to be 24 working days? I can't imagine what it looks like there right now. They say they're hiring in all departments. They say they're working 7 days a week.

    So if you want a coin graded, you can ship it down there, pay the $22 plus fees and shipping. It'll sit in their P.O. box at the building for weeks until it is actually opened and accepted and then there's a nearly 3 month turn around time to get it graded because weekends don't count.

    Should we revisit "The hobby is dying" claim?
     
    Last edited: May 4, 2021
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  3. baseball21

    baseball21 Well-Known Member

    It’s really slow all over. Just be happy you aren’t into cards where PSA had to stop submissions they were so behind with the insane volume.
     
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  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Wouldn’t the wait time seem to indicate that the hobby is thriving?
     
  5. Vess1

    Vess1 CT SP VIP

    Yes. You just see people on forums and hear people on podcasts complaining that the hobby is dying out. Where are they now? Many if not most indicators would point to it thriving today. I wish it wasn't so things I wanted were cheaper!
     
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  6. Evan Saltis

    Evan Saltis 2 years on CT! Supporter

    TPGs don't define the numismatic hobby ;)
    You can collect things other than graded.

    The hobby is growing but heading towards being even more of a cashgrab.
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This I agree with.
     
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  8. Evan Saltis

    Evan Saltis 2 years on CT! Supporter

    To say the least, 2021 Morgan and Peace is just the start :dead:
     
  9. longarm

    longarm Just another Jewish Carpenter

    Why?
     
  10. JeffC

    JeffC Hogwarts Numismatist Apprentice Supporter

    I've been seeing lots of full-page ads offering sign-on cash incentives, and enticing applicants with opportunities to "travel the world!" 20210504_204358.jpg
     
  11. Evan Saltis

    Evan Saltis 2 years on CT! Supporter

    I mean I've looked at their job lsitings before and considered. WOuld have been someone sealing slabs I think.

    maybe :rolleyes:
     
  12. JeffC

    JeffC Hogwarts Numismatist Apprentice Supporter

    Looks like they're looking for all tiers: entry level, specialist, and management positions. You should apply! You get to travel the world!
     
  13. longarm

    longarm Just another Jewish Carpenter

    I haven't had any problems at all submitting to PCGS, in fact, my last submission I've already got back.
     
  14. Insider

    Insider Talent on loan from...

    Actually, it is not slow all over. It is just extremely slow at NGC & PCGS. We have dealers who send coins in, get them back, list them, and sell them long before folks using the big two even get a message that their coins are in QC. I'll bet the "little collector" is getting the slow boat treatment over there. What big dealer is going to wait over three weeks for their coins? ;)
     
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  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Help wanted is just about everywhere you look but a strong number of people would rather stay home and collect that unemployment check than work for it.
     
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  16. baseball21

    baseball21 Well-Known Member

    Sorry, it's slow at the first tier TPGs and that includes things other than coins such as cards.
     
  17. tibor

    tibor Well-Known Member

    Go over to the Trading Card Forum at Collectors Universe. 53 days? That's
    a brief moment in time. Collectors over there have waited for 365+ days.
    PSA has cut off submissions until July. At this point in time the coin collecting
    world is very small potatoes compared to the Trading Card market in the
    TPG world. In a year or two things will start to get back to normal.
     
  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Because I do believe we have made the cost of this hobby dangerously high.
     
  19. cplradar

    cplradar Talmud Chuchum


    the black market in coins is what kills it
     
  20. longarm

    longarm Just another Jewish Carpenter

    I think the cost of everything is going to go dangerously high.
     
  21. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I don't disagree with that either.
     
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