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Does PCGS Grade And Holder A Coin For A Buck?

 
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Author Previous TopicReplies: 5 / Views: 184Next Topic  
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 Posted 06/07/2021  4:19 pm Show Profile   Bookmark this topic Add KauaiHawaiiGuy to your friends list Get a Link to this Message
I'm having a hard time understanding their grading fees they must be charging some folks other than us commoners.

Today I'm looking at some national park quarters all PCGS slabbed and graded 69DCAM, and it's "Buy-IT-NOW" for $34.95. Now I was never a real wizz at math, but PCGS says that their lowest grading fee is $17 for modern coins, so 5 times $17 is $85, and then there is shipping to and from PCGS and insurance and a piece of their yearly membership, and anyway you slice it, it would cost me around $125 to get my 5 raw 2014 coins graded. But this seller is making a profit selling all 5 for 35 bucks. So what's going on?

https://www.ebay.com/itm/224286206262
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 Posted 06/07/2021  4:32 pm  Show Profile   Bookmark this reply Add Eagle4Life to your friends list Get a Link to this Reply
Also add in the cost of acquiring the original set.
Edited by Eagle4Life
06/07/2021 4:33 pm
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 Posted 06/07/2021  4:32 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
No, the seller is not really making a profit. Here is the way it works, as dealer who send in much coins you get a special rate. I believe its around $10 per coin. What you do as a dealer is send in lots of coins and hope that the majority get PF 70 so you can sell those at a profit and hope that the rest are PF69 so you don't lose much money on those. The ones that sell at PF 70 pay for all the other coins that grade lower.

I've purchased a slabbed coin for $2, there was no way that the person on that coin made money, but if they sent in enough they made money on the rest. This is why its almost never worth it for you to slab a coin.
Edited by hfjacinto
06/07/2021 4:33 pm
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 Posted 06/07/2021  4:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply


I have bought plenty of slabbed Ikes for way less than it would have been for me to buy raw and send it for grade. The original owners took a hit on those, but hopefully made up for it on the ones that graded higher.
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 Posted 06/07/2021  4:49 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Yes with the above.
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 Posted 06/07/2021  5:06 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Yeah I've bought tons of 68s and 69s for a few bucks to give away to kids at shows. It was awesome to give a 10 year old his/her first certified coin.
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