Posted 10/24/2016 8:59 pm
This is my opinion... you're likely to get some margin of error in any business...
Let's say they make $8 per submission of which they have to cover their expenses and pay their salaries. My best guess is that they would then have to grade approximately 80-100 coins minimum per day. At 8 hours in a day that would give you just over 4.5 minutes from start to finish.... from opening the package all the way through grading it and putting it back into a package to be sent out.
That's honestly not a lot of time... I would also estimate that they would probably need to do around 30K of coins per year to be a sustainable business. I would guess that there will be some mistakes that will happen.
A typo on a certificate I could understand. But what are you paying for when you submit a coin? You're paying for one person's opinion on the grade. That's it! Unfortunately one thing I would expect is that a person that wants be an authority on grades would also catch counterfeits. The above and previous examples simply show that errors will occur.
What margin of error can you tolerate? And what do you expect for $8-$12? I don't think any of the big TPG's from south of the border are going to come up North at any time as Canada is just too small of a market.
Let's say they make $8 per submission of which they have to cover their expenses and pay their salaries. My best guess is that they would then have to grade approximately 80-100 coins minimum per day. At 8 hours in a day that would give you just over 4.5 minutes from start to finish.... from opening the package all the way through grading it and putting it back into a package to be sent out.
That's honestly not a lot of time... I would also estimate that they would probably need to do around 30K of coins per year to be a sustainable business. I would guess that there will be some mistakes that will happen.
A typo on a certificate I could understand. But what are you paying for when you submit a coin? You're paying for one person's opinion on the grade. That's it! Unfortunately one thing I would expect is that a person that wants be an authority on grades would also catch counterfeits. The above and previous examples simply show that errors will occur.
What margin of error can you tolerate? And what do you expect for $8-$12? I don't think any of the big TPG's from south of the border are going to come up North at any time as Canada is just too small of a market.
