To Cert Or Not To Cert, What Is The Threshold? - Page 2

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Author	Replies: 19 / Views: 2,932	Page: of 2

BuffalosRock Pillar of the Community United States 500 Posts	Posted 05/20/2014 11:22 am Quote: I bought a '90-CC Tailbar, raw for $110. Listed it on ebay, best offer I got was $125 after fees. Declined it. Sent it in for grading ($21) then to CAC ($12), creating a cost position of $143. I sold it to a dealer for $165. tailbar, I see you amended the grading "cost" to $23.3 with s&h as you save up and send 15-20 in at a time. So that is at least $2.3 less in actual profit. I would have sold for the net $125 and taken the $15 profit rather than spend all the time and extra $ to get it graded AND cac-ed both - IMO you are understating at $23.3/coin and didn't factor the s&h into the $12 CAC cost either. So your profit wasn't $22 after grading and IMO you wasted a lot of time and extra $ for what probably ended up netting the same $15 or so profit in actuality. I would need a lot more than $7 more to make all that hassle worth it - if you had even made that much more per coin. I am 95% collector and 5% seller ( to upgrade principally ), but I would want to realize a decent profit margin per coin in order to justify all the packaging and sending etc. My time is not that cheap! $50/coin AFTER ACTUAL COSTS would be my minimum. So I probably wouldn't bother with anything that is lower than $300 or that I didn't buy at a major bargain - as well - to make it worth it. JMHO Report this Post to the Staff
chasingtailbar Pillar of the Community 968 Posts	Posted 05/20/2014 2:37 pm You're right about the CAC fee, but I didn't pay shipping since my in-laws live nearby. At any rate, like I said, I overpaid for that coin, so not really a good example, plus I feel PCGS missed the mark on the grade, it was a solid F15 imho. Let's take a coin from my current submission; a '99-S Morgan. Cost basis is $55. Grade is, imho, at least 63. I put it up and was offered $300 as a BIN, before fees and shipping. Declined it. If it comes back 63 or lower, it's going to CAC... so $23 (grading, yes it's econ) +$12 (CAC) is a cost basis of $90. I fully expect it would bean at 63 and I could flip it quick to a dealer for $525 or so. So... Raw=$300-10% fees=$270-$55=$215 profit. Graded=$525-$55-$23-$12= $435 profit. Or perhaps another tailbar I paid $95 for, this one probably a VF25... Best offer I had on it was $150. Raw=$150-10% fees=$135-$95=$40 profit Graded=$250-$95-$23-$12= $120 profit Report this Post to the Staff
fasttalker27 Valued Member United States 55 Posts	Posted 05/22/2014 8:11 pm I have never slabbed a coin based solely on its value. If it is a VAM or another rarity, or I want to have it authenticated, then yes, I would. Report this Post to the Staff
Pertinax Pillar of the Community United Kingdom 2133 Posts	Posted 05/30/2014 3:02 pm chasingtailbar, I don't understand your 99S Morgan example. http://www.numismedia.com/fmv/price...ices61.shtml lists $534 for MS63 http://www.ngccoin.com/price-guide/...ig-ms-page-4 lists $525 for MS63 If a dealer can sell it for say $530 why on earth would they pay $525 for it ? If you can sell at retail to a dealer, sell him everything, buy elsewhere until he runs out of money or the bank forecloses. I really can't see how a raw MS63 can be worth significantly less than a slabbed MS63; especially to a dealer who can presumably grade raw coins. Please explain. Report this Post to the Staff
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