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Posted 07/09/2014 11:02 pm
Quote:
Those are usually from a bulk grading order. The submitter makes their money on the 70 grades received and they dump the lesser grades on ebay. They don't lose money, trust me.
Those are usually from a bulk grading order. The submitter makes their money on the 70 grades received and they dump the lesser grades on ebay. They don't lose money, trust me.
I agree. These guys are submitting coins in the thousands which allows them to get a very nice discount on the slabs and whatever minimal amount the lose on the coins that don't grade as they wish, they make up on the The coins they buy for Rock Bottom Prices, such as ASE's for close to melt and then sell them for $70+ each.
I personally only slab coins for two reasons: To preserve the coins or to guarantee authenticity/grade.
Mostly to preserve toning, "Friction Wear" meaning the result of my coins wearing out their rims/details slowly rubbing against the sides of their flips and going from a MS-64 to an AU-58.
@penny guy: That's an amazing collection. You and Westcoin should talk, you both seem to have a deep interest in 2-Cent's
Gord, If you are publishing a book with Bob and John then I'm sure you know them well!
