I Just Can't Understand Why..

Ah, I said in my first post, I wasn't picking on this seller. I don't want to get into a fight with another CCF member. I am questioning the thought and expense behind doing this kind of thing.

Stampvirgin, that is a good question. I would also like to know the thought behind this and how it could be profitable with the expense of getting it slabbed.

Maybe he didn't send it in, he could have bought it cheaply already slabbed and is just re-selling.

denco7,

"Why would anyone pay grading fees to grade a penny ? To make it worth $30 plus one cent ?"

No, I had slabbed a 1909-s VDB and a 1914-D because both are heavily altered/counterfeited.
Used ANACS simply to get them authenticated.

It is the 'modern perfection' coins in plastic that drive me nuts.

I agree with basebal21, they are looking to get 70's and make money on them.

And look at the years you listed that would fall into.

Would you consider a 1972 type 2 MS 65 Ike to be worthy of grading? Its a approximately a 1500 dollar coin.

Or a 2007 missing edge lettering washington Presidential dollar which is over 1k in MS 68.

The best advice would really be to browse around http://www.numismedia.com/fmv/fmv.shtml for a bit and youll see approximate values of what people are trying to get when things are sent in.

Theres not one answer to what grade they want if youre going to lump your friends proof years in with ultra moderns.

Really though whether the coin was made in 2012 or 1912 neither coin is being made anymore. Theres plenty of 1800s coins that cost less than 2007 coins in certain grades. Age just makes it less likely high end examples had survived and that part of the mintage had been destroyed over time. Theres ancient coins with miniscule survival rates that sell for far less than things that were minted in the millions. Its all about supply and demand.

I personally like both and though I prefer older coins I do love a good Ike and many others. Whether you mean to or not its coming off a bit snobby with the only 20 years old stuff. Its one thing to tell people they can find something cheaper, but to say something doesn't have value because its modern or imply its not worthy of collecting is another.

For the ultra moderns like the golden dollars any time you see a 69 the submitter was looking for a 70 with proofs and not intended for circulation coins. Theres a few exceptions but theyre few and far between.

Any time you see the special labels on them like the ebay listing you linked its safe to assume it was part of a bulk submission of a 100 coins or more where the 70s will pay for all of them and anything the 69s bring in is a bonus.

Depending on which one yea. They sell for 20+ usually. Bulk grading is 12 dollars a coin max, and if you a huge submitter likely less than that. So 20 bucks is a profit. They dont make a company but if you can make some on it and it brings people to your site or store its worth it. Some sell for closer to 50 too.