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 Replies: 8 / Views: 1,598 |
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Pillar of the Community
United States
767 Posts |
I was reading one of those ebay buying guide things, and the author was saying that coin dealers really don't care if a coin is graded and slabbed or not, a proof silver eagle is a proof silver eagle, and they will only buy it for their standard price. Is this true? I don't have any graded coins. I have a couple of raw proof halves, and I like them - was thinking of buying a raw proof ASE, but paying twice the price for a slab... is it worth it? Edited by scottk
06/10/2014 3:44 pm
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Valued Member
United States
291 Posts |
Like everything else, it depends on the coin. Using your example, older proof silver eagles graded a 70 command a substantial premium over their ungraded counterparts. In these cases, honest dealers would pay more because they know they can sell them for more.
In terms of what dealers pay to get their coins slabbed, if a dealer submits bulk order to TPGs they pay under $12 per coin.
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Pillar of the Community
United States
1699 Posts |
A dealer may not realize it, may not admit it, but they do pay extra for TPG graded coins, generally. With Proof eagles, being TPG graded makes a huge difference, since a pf70 would worth much more than a pf69, but a raw proof is just a raw proof and a dealer would likely not pay any extra for a raw one that "looks pf70". |
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Pillar of the Community
United States
5205 Posts |
I was at a coin show back in March and was looking at the table of a dealer who is a member of our local club. A customer picked out a slabbed Mercury dime graded "Unc Detail" and the price on it was $4. The dealers son asked him if the price was right and he said yes. After the customer left he told his son he paid the person who came into the store and sold off their stuff melt for it. I would have been all over it for $4 if I had seen it first  So I guess in this case the slab or Unc didn't mean anything when selling to a dealer instead of ebay or elsewhere. |
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Pillar of the Community
United States
7840 Posts |
The B&M store in my town will pay less for unslabbed coins. They don't recognize varieties either. IT's amazing that they are still in business, but not getting any of mine.
There are quite a few Big Name dealers who are not interested in varieties, only the parent (date, mintmark and condition) coin itself, even when the variety commands a substantial premium.
Edited by oih82w8
06/10/2014 9:19 pm
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Bedrock of the Community
United States
20753 Posts |
Many people and some dealers too send in almost anything in coins for grading. They almost always ASSUME that it will sell for a lot more if in a slab. Usually not. In so many instances I've seen coins worth a few dollars in slabs selling for exactly that, a few dollars. So many people will just not pay for the slabbing.
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Pillar of the Community
United States
1531 Posts |
 , carl. I have a 1954-S Lincoln Cent in a PCGS slab, MS-65RD, that I bought for $5, I think. I also have a garbage Ike in a PCGS slab, some SP-68 satin finish coins, MS-65 1980 quarter, all of which I got for a few bucks! Why would anyone pay $20 to get a coin worth under $10 graded, I don't know. |
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Bedrock of the Community
United States
17884 Posts |
Quote:With Proof eagles, being TPG graded makes a huge difference, since a pf70 would worth much more than a pf69, but a raw proof is just a raw proof and a dealer would likely not pay any extra for a raw one that "looks pf70". It may make a difference if it is slabbed as a PF 70, but it may not make any difference at all if it is slabbed PF 69 or less. Those you would probably get the same price as for a raw proof. |
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Pillar of the Community
United States
1699 Posts |
Quote:
It may make a difference if it is slabbed as a PF 70, but it may not make any difference at all if it is slabbed PF 69 or less. Those you would probably get the same price as for a raw proof. Good point. And a details authenticated proof eagle (though unusual) may even command less from a dealer. In a slab, the details graded piece has the issue displayed clearly across the label while the same coin raw may be dismissed as a regular, old, common, undamaged proof without close inspection from the dealer. Plus, when the issue is on the slab, it's an easy negotiating point for the dealer. Edited by ErrorCoins222
06/10/2014 11:53 pm
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Replies: 8 / Views: 1,598 |
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Posted 06/10/2014 7:12 pm
