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 Replies: 8 / Views: 936 |
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New Member
United States
21 Posts |
Hello friends, Pardon my "newbie" question. If for example I buy a 1960 Roosevelt dime in "uncirculated" condition for say $3.00 per dime; then I send it in for grading at $21.00 (I am guessing) per coin, plus shipping and receiving fees ($10.00?) and it grades out at MS65 for example, I see them only going for $20.00 on ebay and other sites. What makes people grade a coin that I am sure you can see flaws that it won't grade any higher than a MS65 or maybe a MS66? Now you are losing money correct? Or, is it all about the find and what it's potential "graded" value is? I am asking to gain experience in this area so I know whether or not to send coins in for grading. Regards, Coinology |
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Pillar of the Community
United States
1531 Posts |
I think a lot of dealers send coins in bulk and get lots of money off for it. I've seen so many $1 or $2 coins, even less, in slabs. Kinda ridiculous.
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Rest in Peace
United States
4078 Posts |
I have never sent a coin in for grading. From CCF members knowledge, the value of the coin should be above $100.00.
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Bedrock of the Community
 United States
18712 Posts |
I've been collecting for over 50 years and have never sent a coin for grading
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Pillar of the Community
United States
1963 Posts |
I have a special where I send coins in for between $5 - $7 each. I drop off the coins, and pick them up from ANACS headquarters, so I don't have to pay shipping.
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Rest in Peace
United States
7075 Posts |
I believe there are cases where the TPG's offer bulk pricing. So, I think that dealers might just send in 25 or even 100 coins at a time. Ir's part of the business's costs and they probably make it all back if they get enough to grade high enough. For the ones that don't .... well, I suppose it evens out in the end. |
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Pillar of the Community
Canada
5255 Posts |
Although I am sure that there are special deals to be had in bulk, I am convinced that a lot of coins that are sent for grading are simply not worth the cost.
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Bedrock of the Community
United States
11909 Posts |
Bulk submissions by large grading clients get lower pricing and other perks.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
709 Posts |
Dealers send in bulk. I'm sure they get a good discount, but nobody is getting a coin graded by PCGS for $3. They would still lose money in that scenario. But all it takes is one or two of those MS67s for example and the value increases exponentially, covering the cost of the MS65s and more.
Other than that scenario, it is a waste of money.
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Replies: 8 / Views: 936 |
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Posted 03/23/2017 4:14 pm
