Coin Grading Facts

Post anything about coin grading holders, questions, images, facts announcements. If it's in, or about, or is a coin holders this is where to post it.

Moderator: Daniel

Post Reply
Message
Author
User avatar
PALH1
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 3551
Joined: Wed May 29, 2013 9:19 pm

Coin Grading Facts

#1 Unread post by PALH1 » Sat Apr 19, 2014 12:43 am

COIN GRADING FACTS:
NGC Reports a ‘graded’ population of ≈27 million in 3/13, & 30 million in 4/14
3 million ‘graded’ coins in 13 months // 3m ÷ 13 = 230,770 coins/mo.
230,770 ÷ 30 days/mo. = 7692 coins/day
7692 ÷ 8 hr./day = 961 coins/hr. (idealistic)
961 ÷ 60 min./hr. = 16 coins/min.(idealistic)
________________________________________
30 “Full Time” graders employed. Assuming a 100% 30 grader/day work force….
7692 coins/day ÷ 30 graders = 256 coins/grader/day (whew!)
8 hour work day: 15 min. am break, 15 min. pm break, & a 1 hr. lunch = 6.5 hrs. of “actual work time”
256 ÷ 6.5 hrs. ≈ 40 coins/hr.
40 ÷ 60 min./hr. = 1.5 min./coin, or 90 seconds (idealistic)
________________________________________
These numbers represent that you never leave your seat, coins are delivered to/taken from your work station, you speak to no one, you have absolutely no distractions, everything flows ‘robotic smoothly’, & you are ‘head down’ grading 100% of the time (non-realistic).
90 SECOND BREAKDOWN: picking up the coin in its insert, handling it (not inspecting it), checking the ‘submit form’, & returning it to the ‘caddy’….say ≈ 20 seconds. Time keying/entering info your computer, including ‘notes’ & ‘printing the label’….say ≈ 60 seconds. This leaves, by the numbers, 10 seconds to “grade your coin”. Realistically this is only 4-5 seconds…..NOT USING A LOUPE!... (which a vast majority do not use….WAY TO SLOW).
Attachments
NGC GRADE VOL 2.JPG
NGC GRADE VOL 1.JPG



User avatar
Daniel
Administrator
Administrator
Posts: 11227
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Contact:

Re: Coin Grading Facts

#2 Unread post by Daniel » Sat Apr 19, 2014 7:47 am

Interesting breakdown. I would like to know the exact number of graders on hand on a daily basis.

User avatar
PALH1
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 3551
Joined: Wed May 29, 2013 9:19 pm

Re: Coin Grading Facts

#3 Unread post by PALH1 » Fri Apr 25, 2014 5:33 am

:eureka:
i belong to several 'coin clubs' around the world....
here is one from hawaii
Attachments
CH JOE GRADE INFO.JPG

User avatar
PALH1
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 3551
Joined: Wed May 29, 2013 9:19 pm

Re: Coin Grading Facts

#4 Unread post by PALH1 » Tue May 13, 2014 9:10 pm

It’s Only a Buck or Two……..
:eureka:
ECONOMY & MODERN TIER…..+$1 / Coin
230,770 Coins/Mo. X 40%A = 92,308 Coins @ +$1 / Coin X 12 MO. = $1,107,696/Yr.

MODERN SPECIAL TIER1…..+$2 / Coin
230,770 Coins/Mo. X 60%B = 138,462 Coins @ +$2 / Coin X 12 Mo. = $3,323,088/Yr.


Additional income from JUST THESE TWO SERVICES: $4,430,784.00

1. Most Common Service?.....60% Low?
A. & B. I did not include the BIG DOLLAR / HIGH VALUE coin submits here. I do not see/believe 230/month of these, which is only 1%, are actually submitted??
Attachments
NGC NEW FEES.JPG
NGC NOW FEES.JPG

Post Reply

Who is online

Users browsing this forum: No registered users and 20 guests