30 day coin cert rate: 227K. Almost no warranty claims
coins certs are well ahead of last years record pace. No slowdown at all. Warranty claims are almost at zero as well. Backlogs are steady but not exceptionally long. They seem to be able to process items as fast as people submit them with acceptable backlog.
18K coins and 5K cards yesterday. 30 day rate now at 236K+
75K+ coins in past week. A new record
Also noticed that it seems about 4K people took advantage of the "free" crossover special at Long Beach based on increased numbers on the stats page. It was "free" if the coin was rejected. There is a 1% total value fee if the coin crossed. Crossed coins are typically $10K+ value coins. This was an exceptionally high margin gain for PCGS and generated a huge amount of profit. This looks like it generated maybe $250K-$500K alone in revenue for the quarter or upwards of 3% of total revenue.
Warranty claims again did not increase. Typically they do after a show.