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 Replies: 18 / Views: 2,980 |
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Pillar of the Community
United States
3540 Posts |
Just an observation - please add your thoughts as well. With the multitude of pricing guides, auctions, online auctions, etc...... Do YOU calculate TPG grading fees (not including shipping/handling/insurance) when purchasing or selling raw coins? |
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New Member
United States
16 Posts |
When I purchase TPG coins, which is almost always, I'll figure an allowance only if the coin is scarce and the cost of the subject coin is no greater than a 15% discount to FMV. |
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Valued Member
United States
211 Posts |
I have a few series that I am collecting slabbed coins only. In those cases I have considered the economics of grading into my purchasing decision.
Otherwise I go for the best coin for the best price.
I have stopped worrying about resale value in this way when I buy because I am trying to only buy keepers that I would not want to resell for 10 years or more.
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Valued Member
United States
408 Posts |
Never. If you want to grade something later, pay the money then for the grading service. Now, if I was a seller of coins, I think my opinion would be different.
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Pillar of the Community
United States
1314 Posts |
Quote:Do YOU calculate TPG grading fees (not including shipping/handling/insurance) when purchasing or selling raw coins? I don't calculate what the seller might have paid for the TPG fees any more than I would calculate the cost of having a horse carry metal to the mint. The only cost I consider is how much I have to pay to get the slabbed coin. I will pro rate the shipping on multiple coin purchases. If the coin is in a PCGS slab, I am willing to pay more than if it is in a slab from an unknown grader. |
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Pillar of the Community
United States
6370 Posts |
No. I look at the coin, decide what it's worth, and try to get it for that price or below. I couldn't care less if the coin was slabbed. In fact, I'd probably be less likely to buy the coin if it was slabbed.
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Bedrock of the Community
United States
20753 Posts |
Quote:
No. I look at the coin, decide what it's worth, and try to get it for that price or below. I couldn't care less if the coin was slabbed. In fact, I'd probably be less likely to buy the coin if it was slabbed. I was going to say the same thing. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
No. I look at the coin, decide what it's worth, and try to get it for that price or below. I couldn't care less if the coin was slabbed. In fact, I'd probably be less likely to buy the coin if it was slabbed. In the case of a modern average rarity coin I would have to agree with you. But for a high value coin that has a history of being counterfeited or even modern Gold and Silver coins I would pay the premium if the coin was in a NGC/PCGS slab. |
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Moderator
 United States
188952 Posts |
Quote:Do YOU calculate TPG grading fees (not including shipping/handling/insurance) when purchasing or selling raw coins? Generally, no. I am buying a coin, not its holder or any opinion given on it. However, as trout indicates above, that opinion has value when dealing with high end coins. |
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Pillar of the Community
 United States
3540 Posts |
As a buyer, when deciding price you are willing to pay, and the seller has the coin priced at "price guide" - do you expect to purchase the coin for less (minus the TPG grading fee)? As a seller, do you price the coin at "price guide" minus the grading fee? Or full price guide? |
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Pillar of the Community
Australia
7096 Posts |
Quote:As a buyer, when deciding price you are willing to pay, and the seller has the coin priced at "price guide" - do you expect to purchase the coin for less (minus the TPG grading fee)? As a buyer I would never pay the same price for a raw coin as opposed to the same coin that has been graded and slabbed by NGC/PCGS. Nor would I expect to sell a raw coin at the same price as a graded coin. There are too many "Unknowns" with a raw coin and there is also an element of "risk" when buying raw so the prices paid usually reflect that. With the graded coins 99% of that risk and the unknowns are avoided and that is why they usually command a premium over the raw offerings  |
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Pillar of the Community
United States
1314 Posts |
I feel silly. I didn't read the question correctly. This is about buying raw coins. At that point, it has nothing to do with TPG costs, I pay what the coin is worth to me. And if I decide to send it to a TPG, I consider that an additional cost. For my collecting, the TPG has value for the SSDC registry. In the buy and sell game, a PCGS slab costs more and sells for more. Less so for the others. |
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Pillar of the Community
United States
3540 Posts |
I believe everybody understood my question. Just find it interesting on the prices seen on raw coins. Regardless if the coin is a $10, $25, or $458 in the price guide, the coin should be priced less than the TPG opinion would cost. My next question - what if you purchase a raw coin, actually send in for grading, and the coin receives less than grade purchased at? |
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Pillar of the Community
Australia
7096 Posts |
Quote:Just find it interesting on the prices seen on raw coins. Regardless if the coin is a $10, $25, or $458 in the price guide, the coin should be priced less than the TPG opinion would cost. There is absolutely NO way that I would pay $480 for a Raw coin that is valued at $500 in a PCGS/NGC slab, Which is about the same discount as the grading would cost. That is ridicules. Quote:
My next question - what if you purchase a raw coin, actually send in for grading, and the coin receives less than grade purchased at? This is actually what usually happens more often than not . You could also add being cleaned or counterfeit to that question |
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Bedrock of the Community
United States
10038 Posts |
Never. The slabs are plastic and, IMHO, were always/are just a money making scheme. Hence if someone paid the money to get a coin graded, the service was paid for, but the coin's intrinsic value did not change by surrounding it in plastic. I only want the coin. edited to add: Quote:
My next question - what if you purchase a raw coin, actually send in for grading, and the coin receives less than grade purchased at? Since you can send a coin to NGC for a grade, break it out, send it in to PCGS, and get a different grades on the same coin, the perceived values of these TPGs seems unwarranted to me. Add people seeing the CAC sticker as being a viable service to pay for, and the worth of TPGS is even more dubious to me. The only reason I sent a coin in for grading was so if something happens to me, my family will see the "fancy holder," and know the coin must be special. This way the coin won't be dumped at the bank. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2Edited by Earle42
10/12/2016 10:45 pm
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Pillar of the Community
United States
1314 Posts |
Most of the coins I purchase would grade lower than what the seller advertises. I ignore what they say, and rely on my own (budding) skills.
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Replies: 18 / Views: 2,980 |
Posted 10/11/2016 11:26 pm
