My First NGC Bulk Coin Submission Reveal - I Goofed! My coin shop website portsmouthcoinshop.com/ Need coin help? Go here Mint State Coin Technologies mintstate.com/Website/Home.aspx
Hello Daniel, thank you for your great videos. I am interested in knowing how to package 100 and more coins for bulk submission to NGC & PCGS. A detailed video in this regard would be wonderful. Thank you and have a nice day. And congrats for your beautiful and very helpful videos. Greetings from Switzerland.
Generally the grading services have been positive for the hobby, but there are so many examples of grading oddities and irregularities that we are often left scratching our heads about what the grader saw in the coin to make its MS-x either higher than we ever thought it could be, or lower. When the grading services have the power of creating increased value out of nothing -- or of destroying it -- by notching the MS up or down by a few points over what an experienced collector would conclude, it is almost incredible that there is no recourse for an explanation. Granted that we often are examining nice but common coins where 3 or 4 points might imply less than a $100 difference, but just 1 point in granting an MS-61 to a coin that many would estimate as MS-60 at best for (say) an 1884-S Morgan has an impact of $1,000+. Also, a $100 difference might imply a 100% relative difference in value. So why is some 1884-S in MS-61 and so many others MS-60: No explanation. No one will ever know. The abracadabra boys at the grading service just granted the owner of the coin the right to charge someone $1,000+ more for the coin in less than one minute. The problem becomes extreme when we examine higher grades, MS-65 through -68 for many coins. As a case study for myself, I selected a nice raw coin which I had acquired at a local show -- a 1937 Walker -- and spent a fairly long time grading it by written and photo-grade standards. It is a fully brilliant coin which has only the faintest bag-mark on the obverse and a perfect reverse. Its strike is average+ so that it is not particularly strong or weak at that points where Walkers are known to be rather mushy, but altogether it is above average. I concluded that it is an MS-65, perhaps MS-66 but not certainly. I then took enlarged images from the PCGS web page for the 1937 Walker and compared my Walker only with the PCGS images in which the coins were brilliant, not toned. My conclusion was that my coin was as good as some of the MS-66's which they show, but also similar to some MS-65's and 64's, detail by detail. I have to confess that with barely detectable differences in coins, which aren't consistently observed even by the PCGS professionals themselves, it makes the most sense often to search for the nicest coins you can find in MS-62, 63, 64, 65 and avoid the MS-66, 67, 68's and the large premiums they entail unless you are convinced that the coin's quality and eye-appeal are that striking. Otherwise, you will be paying a lot of money for phantom qualities you yourself cannot even detect -- and many people at the grading could not either.
Great looking Morgan's. Graded or not it's a Morgan with so much history behind them. In your case you want to get the best return on your purchase. The results look great for you on first time box submission.
DANIEL, I RECEIVED MY COINS YOU SENT. I LOVE THEM. THANK YOU SO MUCH. YOU SENT THEM SO QUICKLY TOO. GREAT SERVICE AND GREAT COINS...AGAIN, THANK YOU SO MUCH.
The coin you showed with the "below minimum grade" insert means it passed the initial sorter/grader as MS63 or higher but the second grader disagreed with his assessment.
I would like to have a NGC/PCGS rep grade your two PL coins at a trade show without knowing how they graded them. I would bet they would differ from their own experts if put on the spot. Both of those coins should be graded the same. I would also like if these companies would provide more details on how they determined a specific grade on a coin, I would pay extra for this service on high value coins.
Awesome looking Morgans. Congrats on getting some 63 thru 66 graded Morgans, It would have been nice if NGC would have told you in details, why they did not grade some of the coins..
Since there is so much controversy about grading and Daniel is a very trusted and informative source of information to us coin collectors, wouldn't it be a great service to all of us if NGC or PCGS would invite Daniel to sit in with them for a couple of days to see what and how they grade coins. Daniel could then do a video to help all of us understand the process. An educated public is a happy public. I think we need PCGS, and NGC to be the experts in grading. They are kind of like the supreme court of grading.
They would never in a million years put an outsider in that type of situation. I don't think they would put Sheldon in that way. Too scared of positive results.
There is actually a video of NGC taking in a person for a private sitting showing how coins are graded by the president of NGC. I don't remember the name of this video but it can't be that hard to find.
Love your CZcams I have three penny's I need help understanding there value first a1935-P weight 2.92 grams and its magnatised looks like there's a steel platting. Second 1941P weight 2.85 grams same description ass first coin third 1944-D weight 2.97 looks like other two but a magnet pushes it away like trying to push two wrong ends of a maganet
I'm about to send in a double submission soon, 1 has 14 morgans, the other will be one modern variety which I paid 180$ that is worth at least twice as much if I get it in a holder. A couple of the coins I would consider DMPL. Thanks for another video.
Thank you for you're answer to my Question, is 67 too old to start collecting coins. My mind Wants something to do, other than reading. I'm down for the penny collection. And for the Silver I will go for mostly all the silver. this is for fun.This is not to make big buck on, so there is no worries. My Mind Is happy Now.... That is My Rap
I've commented on here a couple times - I think PCGS has been SEVERELY compromised - their grades are ALL over the map and I have NO confidence in their grades on the whole. NGC seems to be right on when it comes to grade , however this time , I'm with you again - those two ungraded Morgans are a little perplexing to me !?!? Grading companies each have their own peculiar idiosyncrasies apparently !!
I have been thinking about selling some of my collection. If you are interested let me know before I look for other venues. Do you have a email, not finding it?🐎
Nice grades. I wish I knew how NGC determines grades DPL and PL but I don't. I own a few of both so this interest me to. On my own hunting roles of coins. I was role hunting Morgans the other day and found a top 100 - 1888-O VAM4 hot lips. So that was pretty amazing to find as all Morgans and Peace dollar's are VAMs. The only thing about a Morgan or Peace dollar to determine is is it a known VAM or a new die stage VAM. But I believe it to be AU58. I hope anyway. We will see. Congratulations on your first bulk submission.
The 1879-S appears to have spent too much time in a dipping solution. The 1888 has a major mark on the neck of Lady Liberty. Congratulations on that 94-S.
Does pcgs do bulk subs.? Is it one price for the entire bulk?In other words does the whole submission cost one price, even if some of the coins recieve a no grade?
Love the reveals on your returns Daniel. Allot of nice submissions. Yea, would have been nice to get VF20 on that CC. As you mentioned, the "goof" might be good though. Thank for sharing Daniel.
My guess on the ones that were sent back in vinyl. They made the grade initially but were downgraded by the re-grader who does the final pass on the coins.
Enjoyed your train wreck joke. Had not heard that one before. Always interested in learning more about grading and grading companies. I would love it if you made a pcgs bulk grading video. Detailing the cheapest way to do bulk submissions. Special volume discounts for people who submit way over the 100 coin minimum. What is the cheapest graded per slab price you have heard of a dealer getting on huge bulk grading submission.
I got a ANACS EF 45 Details Cleaned - VAM-18 "Spaghetti Wings" Die Gouges In Wings and I can find much about this so can someone brake this down and say what I got? How much is this worth, I paid 54 was that a good deal? I am 23 and want to learn as much as someone can tell me thank you!
I am sorry you're "bummed" but the coins will still be the same whether we put them all in one container or two separate. Whenever you're not happy you can always contact us, call or email. Thanks!
You know my stance on NGC and PCGS. I am done with their bull crap. If I want a coin graded will send to ANACS. Especially if I am going to keep it. I'll send you my raw Morgans for sale. Trust your opinion on price. But I refuse to bow down to the big two for their "grading". Just my rant. Thanks Daniel.
I so understand the frustration w/the "big two"...the worst part for me personally about it: (my experience): THEY DO NOT HOLD THEIR GRADERS TO THEIR OWN DEFINITIONS OF (GRADE/SURFACE DESIGNATION ETC). This, makes the entire thing a crap-shoot. the majority that I've submitted (that held the greatest disappointment), were those better dates, that had a STRONG MIRROR finish on them: one in particular that I could read a small book cover at more than two and a half feet away, (among the most beautiful of Morgans that I've ever seen) and they did not give PL, and gave a low MS grade...as I pushed for an explanation (which is another problem area about them, in my opinion), I finally got an answer that it was "too" reflective/mirrorlike to get the PL. Bottom Line: it's their inconsistency (and arrogance) that bothers me the most. I really wish something would change the near-monopoly-like stranglehold that I blv they have; something that would/could give ppl assurance that it's an original coin, w/o all of their nonsense.
I don't understand why if you pay the price for a 100+ coins to get graded you put a minimum grade request? If they all get graded even if less than MS63 at least they are graded..
Like I said, I made a mistake. I was going to put MS60, but AU58 graded coins would push the envelope of potential value versus cost of grading. So I needed an minimum.
Daniel, can a person send in an entire collection for a " blanket" grade? For instance a Lincoln set in a Dansco album? How is this done exactly? Thankyou
~~WAVES~~HI DANIEL, AWESOME!!! I WILL BE SELLING OFF ABIG PART OF MY COLLECTION, IF I THINK I SEE SOMETHING YOU MIGHT LIKE I WILL SEND YOU PICS EMAIL, BE SAFE ,THANK YOU, BILL
Daniel, unless you are submitting for channel content it is always best to bulk or bucket to save big money on fees. If you are not aware of bucket tier reply and I'll give you a contact at NGC. PNG dealer.
Hum, I talked to Miles Standish and he never mentioned anything and I think he forgot to have them adjust the minimum grade. So tell me what you mean. Thanks
Hey Fly. Don't you think we have to have an organization that has the last say in a grade? NGC and PCGS get paid to grade coins yet they don't sell them.
Put it in a airtite and hold on to it for 100 years then send it in. then it will have some history behind it. Should get high grade if you took care of it.
@@dalestoner2928 With my luck, they will find that airtights damage coins like the old PVC flips. Or what if they find that slabs eventually damage coins? I'm thinking maybe make the airtight out of glass and pump it full of an inert gas like helium.
Hello From the U.K...I love you're Morgan Dollars, Thank you for showing us.
WOW that's a lot of Morgan's, nice stack of Morgan's
Grat information thanks for sharing!
Hello from the great state of Michigan
Wow. Thanks Daniel. Nice coins.
Another wonderful video
Good Info Thank you
Nice set of coins I think you done pretty good for your bulk submission
Thanks for sharing your Silver coins Colorado Silverback777.
I forgot I love All You're Videos
Hello Daniel, thank you for your great videos. I am interested in knowing how to package 100 and more coins for bulk submission to NGC & PCGS. A detailed video in this regard would be wonderful. Thank you and have a nice day. And congrats for your beautiful and very helpful videos. Greetings from Switzerland.
I just sent off 3 1968 d pennies and 2 came back ms 67 red pretty excited about it lol
Daniel, I wish lived closer, I'd love to come by your shop.
Good Morning 😃☀️
Good morning!
Hello from the rising sun Japan another awesome video and submission haul.
Oh you got ROBBED on that 89-CC !!!
I wish I could see and buy some of your coins that you have for sale. I wish you would put more of your nicer Morgans on your website.
I do you just have to check often
Generally the grading services have been positive for the hobby, but there are so many examples of grading oddities and irregularities that we are often left scratching our heads about what the grader saw in the coin to make its MS-x either higher than we ever thought it could be, or lower. When the grading services have the power of creating increased value out of nothing -- or of destroying it -- by notching the MS up or down by a few points over what an experienced collector would conclude, it is almost incredible that there is no recourse for an explanation. Granted that we often are examining nice but common coins where 3 or 4 points might imply less than a $100 difference, but just 1 point in granting an MS-61 to a coin that many would estimate as MS-60 at best for (say) an 1884-S Morgan has an impact of $1,000+. Also, a $100 difference might imply a 100% relative difference in value. So why is some 1884-S in MS-61 and so many others MS-60: No explanation. No one will ever know. The abracadabra boys at the grading service just granted the owner of the coin the right to charge someone $1,000+ more for the coin in less than one minute. The problem becomes extreme when we examine higher grades, MS-65 through -68 for many coins. As a case study for myself, I selected a nice raw coin which I had acquired at a local show -- a 1937 Walker -- and spent a fairly long time grading it by written and photo-grade standards. It is a fully brilliant coin which has only the faintest bag-mark on the obverse and a perfect reverse. Its strike is average+ so that it is not particularly strong or weak at that points where Walkers are known to be rather mushy, but altogether it is above average. I concluded that it is an MS-65, perhaps MS-66 but not certainly. I then took enlarged images from the PCGS web page for the 1937 Walker and compared my Walker only with the PCGS images in which the coins were brilliant, not toned. My conclusion was that my coin was as good as some of the MS-66's which they show, but also similar to some MS-65's and 64's, detail by detail. I have to confess that with barely detectable differences in coins, which aren't consistently observed even by the PCGS professionals themselves, it makes the most sense often to search for the nicest coins you can find in MS-62, 63, 64, 65 and avoid the MS-66, 67, 68's and the large premiums they entail unless you are convinced that the coin's quality and eye-appeal are that striking. Otherwise, you will be paying a lot of money for phantom qualities you yourself cannot even detect -- and many people at the grading could not either.
I agree, good comment.
Great video Daniel. Thank you for sharing.
Good Evening Daniel!!🍷 You are welcome!! Glad you are happy with the submission!!!
Daniel are you going to the ANA coin show in Chicago next week??
I don't have plans too.
Very nice, that would be fun opening a bulk submission. 👍👍
nice! When you think a coin is PL, do you pay extra for that or do they give you that grade on their own?
I don't pay extra.
Great looking Morgan's. Graded or not it's a Morgan with so much history behind them. In your case you want to get the best return on your purchase. The results look great for you on first time box submission.
How have you been getting along lately?
@@samsmobilepressurewashing8422 Okay, new medication takes some time to get use to. Thanks for asking.
That 79 ms65 star is amazing
Great selection you have gonna check your choices again for another order
DANIEL, I RECEIVED MY COINS YOU SENT. I LOVE THEM. THANK YOU SO MUCH. YOU SENT THEM SO QUICKLY TOO. GREAT SERVICE AND GREAT COINS...AGAIN, THANK YOU SO MUCH.
Thank you!
Thank you for sharing Love The deep mirror proof like silver dollars.
Please speak to us as how to insure coins before shipping.
Please call NGC or PCGS for that answer or your local post office.
Very nice Morgan’s. Thanks Daniel.
Should I make this my first ever "first" post? Deliberating...
The coin you showed with the "below minimum grade" insert means it passed the initial sorter/grader as MS63 or higher but the second grader disagreed with his assessment.
I would like to have a NGC/PCGS rep grade your two PL coins at a trade show without knowing how they graded them. I would bet they would differ from their own experts if put on the spot. Both of those coins should be graded the same. I would also like if these companies would provide more details on how they determined a specific grade on a coin, I would pay extra for this service on high value coins.
Awesome looking Morgans. Congrats on getting some 63 thru 66 graded Morgans, It would have been nice if NGC would have told you in details, why they did not grade some of the coins..
Be interested to know what the value of some of those better dates were
Get a 2022 red book price guide.
Dang Dan 102 Morgan's I have only 17
I only have five. Someday I’ll get more but I’m actually thinking about starting a three cent set soon
👍
Those are really beautiful coins! I'll try to get a couple of your graded ones if I can. Great submission! Have a great day sir!
Thank you
I thoroughly enjoy your videos thanks for the share
Since there is so much controversy about grading and Daniel is a very trusted and informative source of information to us coin collectors, wouldn't it be a great service to all of us if NGC or PCGS would invite Daniel to sit in with them for a couple of days to see what and how they grade coins. Daniel could then do a video to help all of us understand the process. An educated public is a happy public. I think we need PCGS, and NGC to be the experts in grading. They are kind of like the supreme court of grading.
They would never in a million years put an outsider in that type of situation. I don't think they would put Sheldon in that way. Too scared of positive results.
There is actually a video of NGC taking in a person for a private sitting showing how coins are graded by the president of NGC. I don't remember the name of this video but it can't be that hard to find.
Love your CZcams I have three penny's I need help understanding there value first a1935-P weight 2.92 grams and its magnatised looks like there's a steel platting. Second 1941P weight 2.85 grams same description ass first coin third 1944-D weight 2.97 looks like other two but a magnet pushes it away like trying to push two wrong ends of a maganet
That would be great an inside look at grading
Is the 89cc for sale is already sold?
I'm about to send in a double submission soon, 1 has 14 morgans, the other will be one modern variety which I paid 180$ that is worth at least twice as much if I get it in a holder. A couple of the coins I would consider DMPL.
Thanks for another video.
Great video Daniel, as always. The one with the fine grade was actually my favorite, after the cameo obverse. Thank you for sharing this with us
Very nice! 👍
They charge for everything they attempt to grade. That's the grading fee brother.
Thank you for you're answer to my Question, is 67 too old to start collecting coins.
My mind Wants something to do, other than reading.
I'm down for the penny collection.
And for the Silver I will go for mostly all the silver.
this is for fun.This is not to make big buck on, so there is no worries.
My Mind Is happy Now....
That is My Rap
There's no such thing as too old for something, unless you wanted to play professional sports, but not for collecting something.
What the issue with the 1921 morgans?? Why are the treated like the step child of the set?
Because people felt about them as they did about the new 2021 morgans, also they made too many.
I've commented on here a couple times - I think PCGS has been SEVERELY compromised - their grades are ALL over the map and I have NO confidence in their grades on the whole. NGC seems to be right on when it comes to grade , however this time , I'm with you again - those two ungraded Morgans are a little perplexing to me !?!? Grading companies each have their own peculiar idiosyncrasies apparently !!
I have been thinking about selling some of my collection. If you are interested let me know before I look for other venues. Do you have a email, not finding it?🐎
portsmouthcoinshop@gmail.com
Nice grades. I wish I knew how NGC determines grades DPL and PL but I don't. I own a few of both so this interest me to. On my own hunting roles of coins. I was role hunting Morgans the other day and found a top 100 - 1888-O VAM4 hot lips. So that was pretty amazing to find as all Morgans and Peace dollar's are VAMs. The only thing about a Morgan or Peace dollar to determine is is it a known VAM or a new die stage VAM. But I believe it to be AU58. I hope anyway. We will see. Congratulations on your first bulk submission.
The 1879-S appears to have spent too much time in a dipping solution. The 1888 has a major mark on the neck of Lady Liberty. Congratulations on that 94-S.
You did very well, Daniel. Nice video
What prices to look for on more common dates like 83,84,80
I recommend using mintstate.com or any price guide on the market. Condition determines the price.
That's PCGS for you.
It was NGC
Each to his/her own but i do not lie toned coins. I like them looking shiny and new as possible.
Does pcgs do bulk subs.? Is it one price for the entire bulk?In other words does the whole submission cost one price, even if some of the coins recieve a no grade?
Yes and you can go to their website and read on how and what they do for bulk.
When is the 03-o going to be on your site
I think it’s sold
You goof!
Great job
I liked that '88-0, which probably means it's gone already, lol.
Love the reveals on your returns Daniel. Allot of nice submissions. Yea, would have been nice to get VF20 on that CC. As you mentioned, the "goof" might be good though. Thank for sharing Daniel.
My guess on the ones that were sent back in vinyl. They made the grade initially but were downgraded by the re-grader who does the final pass on the coins.
Enjoyed your train wreck joke. Had not heard that one before. Always interested in learning more about grading and grading companies. I would love it if you made a pcgs bulk grading video. Detailing the cheapest way to do bulk submissions. Special volume discounts for people who submit way over the 100 coin minimum. What is the cheapest graded per slab price you have heard of a dealer getting on huge bulk grading submission.
I am not that experienced at this and never talk to other dealers about bulk submissions so I would not know that.
@@CoinHELPu Thank you. and Thank you for all the great videos you make.
Great coins
I really like the 1903
1878 reverse rim nick?
78S with face roller marks, reverse @ 12 rim nick or bump..
Those are some nice coins
I got a ANACS EF 45 Details Cleaned - VAM-18 "Spaghetti Wings" Die Gouges In Wings and I can find much about this so can someone brake this down and say what I got? How much is this worth, I paid 54 was that a good deal? I am 23 and want to learn as much as someone can tell me thank you!
I would stay away from problem details coins, too hard to find values.
Very Informative Video. Should not have gotten charged for ungraded coins.
I didn’t
NGC and other graders are like slot machines.
below minimum grade but still got charged.....the absolute state of coin grading.
I'm unclear. Did they charge the same fee as if the coin was slabbed (not details or below min. grade)?
I never got charge I am pretty sure I said that but maybe I didn’t. I had just over $10 in each graded coin. Great deal
@@CoinHELPu thats good
Do you have any of those PLs left?
Nope but thanks for asking.
I was kind of bummed when I bought a $200 mystery grab bag and I got 2 $100 bags. The coins where ok , I was just bummed
I am sorry you're "bummed" but the coins will still be the same whether we put them all in one container or two separate. Whenever you're not happy you can always contact us, call or email. Thanks!
Nice coins even if they didn't get graded. That MS66 looked really good.
They use microscopes to look at the coins.
They use 5x loupes not microscope
What is the price on pcgs coin's when you look up the serial number?
What do you think a price is?
Looked up serial number on graded coin. Is that retail price for that coin ?
Cert verification brings up a pcgs price also
Price guide value. Is that what the coin is worth?
Wish I could make that Ohio show but I have to work. I've been jonesing for some coins.
Definitely sounds like bull submission is the way to go
I may have to do that at some point
Training Bulls is hard work bro
That doesn't look "Under Minimum Grade" to me, but I don't know what you know!
You know my stance on NGC and PCGS. I am done with their bull crap. If I want a coin graded will send to ANACS. Especially if I am going to keep it. I'll send you my raw Morgans for sale. Trust your opinion on price. But I refuse to bow down to the big two for their "grading". Just my rant. Thanks Daniel.
I so understand the frustration w/the "big two"...the worst part for me personally about it: (my experience): THEY DO NOT HOLD THEIR GRADERS TO THEIR OWN DEFINITIONS OF (GRADE/SURFACE DESIGNATION ETC). This, makes the entire thing a crap-shoot. the majority that I've submitted (that held the greatest disappointment), were those better dates, that had a STRONG MIRROR finish on them: one in particular that I could read a small book cover at more than two and a half feet away, (among the most beautiful of Morgans that I've ever seen) and they did not give PL, and gave a low MS grade...as I pushed for an explanation (which is another problem area about them, in my opinion), I finally got an answer that it was "too" reflective/mirrorlike to get the PL. Bottom Line: it's their inconsistency (and arrogance) that bothers me the most. I really wish something would change the near-monopoly-like stranglehold that I blv they have; something that would/could give ppl assurance that it's an original coin, w/o all of their nonsense.
@@jameskerry3826 couldn’t have said it better myself
I don't understand why if you pay the price for a 100+ coins to get graded you put a minimum grade request? If they all get graded even if less than MS63 at least they are graded..
Like I said, I made a mistake. I was going to put MS60, but AU58 graded coins would push the envelope of potential value versus cost of grading. So I needed an minimum.
Are you going to be at the Cleveland coin expo fall show
No plans
Just heard on the news wexlers was broken into and robbed
Link?
Daniel, can a person send in an entire collection for a " blanket" grade? For instance a Lincoln set in a Dansco album? How is this done exactly? Thankyou
Nope but call NGC and ask
~~WAVES~~HI DANIEL, AWESOME!!! I WILL BE SELLING OFF ABIG PART OF MY COLLECTION, IF I THINK I SEE SOMETHING YOU MIGHT LIKE I WILL SEND YOU PICS EMAIL, BE SAFE ,THANK YOU, BILL
Daniel, unless you are submitting for channel content it is always best to bulk or bucket to save big money on fees. If you are not aware of bucket tier reply and I'll give you a contact at NGC. PNG dealer.
Hum, I talked to Miles Standish and he never mentioned anything and I think he forgot to have them adjust the minimum grade. So tell me what you mean. Thanks
Who makes NGC & PCGS the coin God? I would trust you a lot faster than these two grading company's
Hey Fly. Don't you think we have to have an organization that has the last say in a grade? NGC and PCGS get paid to grade coins yet they don't sell them.
Your head is shadowing the light from showing the luster and toneing
It’s the camera
Hi, is it a good idea to get the 2021 morgans certified?
Put it in a airtite and hold on to it for 100 years then send it in. then it will have some history behind it. Should get high grade if you took care of it.
@@dalestoner2928 With my luck, they will find that airtights damage coins like the old PVC flips. Or what if they find that slabs eventually damage coins? I'm thinking maybe make the airtight out of glass and pump it full of an inert gas like helium.
it is all subjective and is nothing more than the person grading the coins opinion....