226K coin certs in the last 30 days. Running at 600k+ for the qtr (last qtr was 359k)
and look at this backlog:
Estimated Submission Turnaround Time
Service U.S. Coins World Coins
Express target: 5 business days 7 business days 7 business days
Regular target: 15 business days 19 business days 30 business days
Economy target: 20 business days 40 business days 55 business days
Modern target: 10 business days 18 business days 23 business days
40 business days!! That's 2 months worth of work.
55 business days for World Coins!!! That's almost 3 months of work
232k coin certs in last 30 days now. Run rate of nearly 700K, almost DOUBLE last qtr. I understand with the Jan 1 price increase that they probably got a huge influx in December on submits so as to beat the price increase. But that would not apply to bulk modern submissions like 2013 Silver Eagles, 2013 Gold Eagles as they had not been produced yet
So this huge number of coin certs that is now into the middle of February is very promising. The FUN show was great with the $10M coin. The Long Beach Show was the best in over 25 years. there is a PCGS only show end of this month in Las Vegas with a Legend/Morphy auction. Backlog is 2-3 months so we are now talking about huge volumes well into next quarter already.