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Posted 01/13/2015 8:34 pm
Penny Guy's two-cent pieces are fantastic, and the presentation is great! Thanks for giving me my daily dose of eye candy!
On the original topic, I believe that large dealers - and telemarketers - get special deals from the TPGs that can make it worthwhile for them to get rather low value coins graded, especially moderns. First of all, some fraction of the submission will grade MS70 or PF70, more than making up for the wasted fees for the rest of the submission. Also, there are collectors who are willing to shell out a premium for even the most common coins to complete a collection.
One can easily find PCGS and NGC slabbed moderns, especially proofs, on ebay for less than $5.
On the original topic, I believe that large dealers - and telemarketers - get special deals from the TPGs that can make it worthwhile for them to get rather low value coins graded, especially moderns. First of all, some fraction of the submission will grade MS70 or PF70, more than making up for the wasted fees for the rest of the submission. Also, there are collectors who are willing to shell out a premium for even the most common coins to complete a collection.
One can easily find PCGS and NGC slabbed moderns, especially proofs, on ebay for less than $5.
