Does PCGS Grade And Holder A Coin For A Buck?

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Author	Replies: 5 / Views: 1,164
KauaiHawaiiGuy Pillar of the Community United States 612 Posts	Posted 06/07/2021 4:19 pm I'm having a hard time understanding their grading fees they must be charging some folks other than us commoners. Today I'm looking at some national park quarters all PCGS slabbed and graded 69DCAM, and it's "Buy-IT-NOW" for $34.95. Now I was never a real wizz at math, but PCGS says that their lowest grading fee is $17 for modern coins, so 5 times $17 is $85, and then there is shipping to and from PCGS and insurance and a piece of their yearly membership, and anyway you slice it, it would cost me around $125 to get my 5 raw 2014 coins graded. But this seller is making a profit selling all 5 for 35 bucks. So what's going on? https://www.ebay.com/itm/224286206262 Report this Post to the Staff

Eagle4Life Valued Member United States 346 Posts	Posted 06/07/2021 4:32 pm Also add in the cost of acquiring the original set. Edited by Eagle4Life 06/07/2021 4:33 pm Report this Post to the Staff
hfjacinto Pillar of the Community United States 7273 Posts	Posted 06/07/2021 4:32 pm No, the seller is not really making a profit. Here is the way it works, as dealer who send in much coins you get a special rate. I believe its around $10 per coin. What you do as a dealer is send in lots of coins and hope that the majority get PF 70 so you can sell those at a profit and hope that the rest are PF69 so you don't lose much money on those. The ones that sell at PF 70 pay for all the other coins that grade lower. I've purchased a slabbed coin for $2, there was no way that the person on that coin made money, but if they sent in enough they made money on the rest. This is why its almost never worth it for you to slab a coin. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Edited by hfjacinto 06/07/2021 4:33 pm Report this Post to the Staff
jbuck Moderator United States 187851 Posts	Posted 06/07/2021 4:37 pm I have bought plenty of slabbed Ikes for way less than it would have been for me to buy raw and send it for grade. The original owners took a hit on those, but hopefully made up for it on the ones that graded higher. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19127 Posts	Posted 06/07/2021 4:49 pm Yes with the above. Report this Post to the Staff
bobby131313 Forum Dad United States 24150 Posts	Posted 06/07/2021 5:06 pm Yeah I've bought tons of 68s and 69s for a few bucks to give away to kids at shows. It was awesome to give a 10 year old his/her first certified coin. Shop CCF Members on eBay. Report this Post to the Staff
	Replies: 5 / Views: 1,164

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