Although we are in the "slow" summer months, the backlog has been steadily increasing. The company appears to be back to a "normal" schedule of coin grading rather than an accelerated/OT schedule. 30 day cert rate is down to 141K, but it appears about 19K coins were submitted at the Las Vegas show last week. Not sure if the Shanghai office totals have been incorporated yet either. Backlog is as follows:
Estimated Submission Turnaround Time
Service U.S. Coins World Coins
Express 6 business days 8 business days
Regular 16 business days 26 business days
Economy 24 business days 64 business days
Modern 15 business days 27 business days
World Coins are really backed up. I think we can maintain a "slow" summer pace of 450K coin certs between now and end of year. That is sufficient revenue to be cash flow neutral with the dividend included.
reports on PCGS chat boards that backlog is increasing due in part to US graders going to China and Europe to grade coins there. I hope they are thinking of hiring some graders in those countries as volumes dictate to stop this. A grader flying across the world isn't grading. A grader grading in US/Europe/China is bringing in basically the same income
It's you that's backed up! I knew it wouldn't be long before anal-retentive dooshbg would start identifying with his bodily functions. Try a laxative if you're that backed up! HAHAHAHAHAHAHAHAHAHAHA!