Nutmeg Coin

You apparently want to justify arbitrary turn-around times, I personally do not know any other business that is taking over a month to open mail: "Now opening packages delivered the week of August 24, 2023". The only thing I can think of is that you have a business association with NGC and therefore have a bias. An honest posted turn-around time would add on the wait to open submissions.

When you have no logic to support your position that whatever the company wants to do with submissions is hunky dory then you have to resort to calling names. If you want to schmooze with the companies at shows that's all well and good, but you're not running a business that depends on reasonable turn around times, many dealers have their capital tied up and don't want to pay high rates for grading. And has been discussed it's not about the grading it's about the slabbing and the order entry that is now happening well over a month after the package arrives. Is there any other business in America that takes over a month to open customer orders like this?

It's standard operating practice to anticipate the delays and hire more staff at busy times. They are making a huge amount of money in this business, so there really is no excuse for these delays unless a genuine extended disaster hit.

80% of the graders at PCGS, NGC, ICG and Anacs agree on grades, so the idea that waiting somehow equates to more accurate or better grading is complete and utter balderdash! Plus it's besides the point. The one submission I have with them was graded a month ago! And it is waiting for final slabbing, and shipping. No responsible business operates with this type of arbitrary business practice, customer service says they will try to find out why the submission is way longer than the projected time but nothing happens week after week!

"Now opening packages delivered the week of August 21, 2023." I have one submission well over 10 days over target time for being done, graded over a month ago waiting for slabbing. When I've called all I get is there was a hurricane and someone was out sick, this with a company of 700 employees according to VKurtB.

Sounds like a propagandist for their irresponsible business operations! Maybe their current management should have their minds checked out for soundness and then hire some competent processing clerks so they can run their business properly! Literally a month waiting for packages to be just opened? And I've seen turn around times jump all over the place from 23 business days to 20 to over 40 to back to 35 or so....after the packages get opened which could be many weeks! And they tell us these are merely estimates. How would you feel if your priority mail item with a target time of 2-3 days ends up taking 10 days?? And what business charges when they log in a submission? Hardly any business charges prior to a service being rendered.

I had a customer whose father was in the car, who I met, when we did a transaction at Starbucks. He had collected gold back in the 30s and had a couple stories.

What happened to the truly rare coins of which we have a record that they were minted and proferred to some VIP? Such as the other 1849 Double Eagle, putatively the rarest US coin?

EF40-45. I'm not seeing much if any luster. Anything in the AU range would likely come back "improperly cleaned" as NGC likes to use if a coin has better details but little luster; and even EF coins should show luster.

The fact there are no Morgan dollars graded by NGC or PCGS as MS70 tells you something. As far as I know there are a few 1880-s Morgans that graded MS69, and that issue usually comes quite nice.

Congratulations! A true colossus in the field of numismatics, I wish that translated into big $$$ for him as well, as book writing isn't as profitable as it once was.

One of our local members has a couple articles this month, one on "Short snorters", ie when dollar bills etc. are signed by a number of military personnel: http://www.crnsputnam.org/index_htm_files/Short Snorter.pdf The other is on Hard times tokens and satirical notes: http://www.crnsputnam.org/index_htm_files/1837 Hard Times Tokens and Saterical Bank Notes.pdf Ralph was the president of the Danbury coin club back in the 60s when he got out of the military. He's been welcomed back.

Sounds like very desperate and scared people...and of course every employer wants workers who will ask no questions, that won't report illegal, immoral or criminal behavior and will do all they're told and are easily replaceable. And if the workers are illegal aliens, that can be a subset of human trafficking. With more and more of them, our society becomes increasingly unstable. We saw in the 1990s how local tech workers were displaced by immigrants with lower wages for those who were able to accept them. The arguments that we can't find people to do the jobs of immigrants just isn't true if you have facilitators who can make it work.

The Fuljienz/Winter book on double eagles is more a sales book, they gave it to collectors free of charge and it is useful for beginning collectors to get a ranking on rarity. Waves of hoards have come out in the last 25 years changing the population figures, shipwrecks, bank hoards from Europe, etc.. Definitely a lot of change in recent history.

Thanks for sharing the factoids from the QDB book, I always found him to be a top notch numismatist and competent writer. Until later in the 1990s gold double eagles were not collected so much by condition as the grading system took off. Type two DEs took off in price and interest in the late 90s and on. It was Anthony Swiatek I believe who told me that as I didn't get into the hobby until about that time.

I've never seen such slow handling by this grading service. I sent express overnight and it has been over a week since arrival and nary a peep in the system having received my package though I was told it got to their po box based on my tracking, don't ask me how. Presumably moderns are the bulk of their business now, but the delays have been going on for years now. Serious profit making businesses adapt quickly. They have expanded the call-in customer service hours but that does us no good. Surely they have a lot of professional mail handlers that would be able to do order entry in a minute or two on my submissions. Even had I sent in walkthroughs the delays would have been significant. I'm thinking the foot-dragging or the back logs incentivize the submitters to bump up their submission tiers, but that is just encouraging a lack of rigorous order-entry and irresponsibility. In the past 24-48 hours was standard on this part of the process.

If I were local I'd probably go. There are too many coin shows as it is in my opinion.

I sent in a couple submissions overnight express last week and was waiting to have them logged in. I was told that they did not pick up mail on Friday and were closed until today. What kind of realistic turn-around times are people seeing on regular submissions?

It was probably worth the submission even with what you had to pay. Clearly they are running a business to make money and have a lot of expenses to pay. On the coin you valued high it may still have fit under a lower tier unless they require a retail valuation for tier submissions. In the past with NGC and NCS, I've been allowed to enter a lower figure on valuation as they let you set that and charge you on a percentage basis for conservation. I've spoken with them on this and it's no problem.

I think that the "high" items, were US mint issues. And rigorous analysis was done, auction records, ebay which goes back 90 days or so, and GS. If you use anything as an infallible guide when buying you will be doing charity work and giving money away which there is already too much of.

A local collector had a Blue book he was consulting as I bought a significant collection from him that did not have any real rarities. I consulted Greysheet and also auction records for the low grade raw coins. The issue of when the book was published did not figure on most of the coins as the price changes on many coins have only glacial updates. And Bluebook was high for market on some of the coins, but not many.

And that is just hate and slander against ICG that has two top graders who from what I have seen do their best to grade coins accurately; they have a guaranty like the other 3 ebay acceptable services, are very user friendly--you can actually call in on one of their certified coins for specifics and the rest of their staff are usually helpful. They just don't have the resources to offer some of the advantages of PCGS and NGC.

You and Burt are badly misinformed on the market viability of Anacs as well as Icg. They both adhere to the ANA grading standards and have good holders. I have bought and sold both as well as the two top grading service holder coins and don't see much difference in their standards. I know a long term high end dealer who used to use the top two services a lot but went to Anacs with $6-$8 bulk grading of many classic US and foreign coins and they sell about as strong as the others. I wish ICG would upgrade their holders but their graders, primarily Randy Campbell and Skip Fazzari are accurate and fair graders. In the under $1000 coin both do very well in most respects. Once you get into the high end rarities the two top companies and cac are of primary interest.

Looks good to me; you could cross it to a service that accepts crossovers in the holder submissions. PCGS does that, ICG does, and probably Anacs as well. NGC will only cross PCGS coins if they pass muster.

Curious what thread was being referenced. There is this thread where collectors are awaiting a final verdict on whether a 1910 $10 Indian is a proof or business strike.... 1910 10 dollar Indian, any chance this is a proof? Update, Back from NGC! - Page 2 — Collectors Universe