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Price Point For Slabbing Morgans

 
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117 Posts
 Posted 10/18/2019  1:58 pm Show Profile   Bookmark this topic Add Hunter611 to your friends list Get a Link to this Message
I'd appreciate input as to what price point do you start slabbing your coins. Thanks in advance
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 Posted 10/18/2019  2:31 pm  Show Profile   Bookmark this reply Add flag4 to your friends list Get a Link to this Reply
Educate yourself on how the grading process works. There is a wealth of material online about it. A key date coin is usually but not always worth the expense of grading, depending on the condition. If you're grading for resale, a general rule of thumb is a documented value of $150 or more will make it worth your while.
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United States
117 Posts
 Posted 10/18/2019  3:39 pm  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
Thanks for the feedback.
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17900 Posts
 Posted 10/18/2019  4:11 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It depends on what you are doing with the graded coin and how much you have into the coin.

In almost all cases it's better to buy the coin already TPG ed. It takes a genuine knack to buy raw coins for the purpose of stabbing them for a profit. You REALLY have to know the series you buy into.

I very rarely buy raw coins, and when I do they are in my hand. At shows or LCS I do find the occasional good buy. But not often. And I NEVER buy raw from photos only unless it is from a TRULY reliable source, or they are still in their original mint issue containers.

The one exception is Modern Commemorative. I scour every one still in original containers because the difference in price from a 69 to a 70 can be astronomical. Even if I only hit one in three 70 grade coins I still make a good profit even with the TPG costs.

There again, you need to know your specialty. I have a $200 minimum value and only ship when I have at least 20 coins to send.
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 Posted 10/18/2019  5:59 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Another hand is $200 or more for a single. But, if you're getting 50+ slabbed that amount goes down. Just as an example
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: http://goccf.com/t/359443&whichpage=1
If you want to buy something or sell something or just talk, shoot me a PM!
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113 Posts
 Posted 10/22/2019  7:43 pm  Show Profile   Bookmark this reply Add BGLI to your friends list Get a Link to this Reply
Good topic. Wondering why there are so many slabbed Morgan's like MS62 and 63s. I know these are common dates but seem worth buying for $40:to $60 since already slabbed. My question is why did someone get these slabbed? Assuming the seller thought they would slab at a much higher grade?
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 Posted 10/22/2019  9:19 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I'll leak a secret. Dealers usually don't pay anywhere close to what the common man pays to get stuff slabbed. But you didn't hear that from me.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: http://goccf.com/t/359443&whichpage=1
If you want to buy something or sell something or just talk, shoot me a PM!
Valued Member
United States
117 Posts
 Posted 11/21/2019  3:02 pm  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
In terms of grading/slabbing cost I checked with a LCS and the cost for sending in a coin for me was ~$100. Just wondering what does a dealer pay roughly, if I may inquire?
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 Posted 11/24/2019  11:29 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply

Quote:
In terms of grading/slabbing cost I checked with a LCS and the cost for sending in a coin for me was ~$100.


I would never go back to that dealer. For anything. Unless they also told you it's cheaper to do it yourself.

Which would be about $60 for one coin. Cost per coin decreases if you submit multiples.
Edited by tdziemia
11/24/2019 11:30 am
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