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Does Any One Know What The Bulk Cost For PCGS Holder Is?

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stephen's Avatar
United States
206 Posts
 Posted 05/09/2009  11:39 pm Show Profile   Bookmark this topic Add stephen to your friends list Get a Link to this Message Number of Subscribers
I am seeing on ebay PGCS modern Roosevelt's going for $5 to $10 in a 69dcam grade and $30 to $100 in a 70dcam grade.
Can not understand how one can sell a coin for that little?
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Sap's Avatar
Australia
16809 Posts
 Posted 05/10/2009  12:04 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I can't understand people paying that much for common modern coins, myself.
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BadThad's Avatar
United States
19935 Posts
 Posted 05/10/2009  11:54 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
It's simple, they lose money....not just on the grading fee, sending registered mail with insurance is also expensive.
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ErrorCoins222's Avatar
United States
1699 Posts
 Posted 05/10/2009  1:55 pm  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list Get a Link to this Reply
I was suprised what people could buy on there for so little. I saw a NGC Slabbed MS65 First Day of Issue 2007 George Washington Dollar go for $3.50. Yeah, they must be losing money on these.
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vermontensium's Avatar
United States
16677 Posts
 Posted 05/10/2009  2:27 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I have a 1950-D Jefferson that I submitted because of the incredible toning it has. Looked 63-64 before I sent to PCGS. Came back AU58. Numismedia lists for $10.80
Can't see myself selling this one anytime soon.
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United States
99 Posts
 Posted 05/10/2009  3:04 pm  Show Profile   Bookmark this reply Add Dnickels to your friends list Get a Link to this Reply
I've wondered why people sell graded coins for less than the cost of getting it graded too. I assume this happens because they pick out coins they think will grade 70. Then some come back 69 or less and they have to take a loss on those, but they can make money on the ones graded 70? Unless some people do get a discount on grading large numbers at the same time or something.
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wif99's Avatar
United States
377 Posts
 Posted 05/10/2009  3:28 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply
PCGS Does have Bulk Grading ,but it also is expensive

http://www.pcgs.com/bulksubmissionagreement.html
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rustyboy's Avatar
United States
278 Posts
 Posted 05/10/2009  5:30 pm  Show Profile   Bookmark this reply Add rustyboy to your friends list Get a Link to this Reply
The bulk thing only works if you want to call them "Uncirculated" or something like that. I don't know how they can afford to do all these modern coins at a loss.
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 Posted 05/10/2009  5:40 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
Major dealers who submit to a TPG tend to get s better rate than the averasge person. They spend more money with the TPG and the TPG gives them a discount.

For example take HSN (not really a coin dealer) they claim in their sales pitch that each coin grading is worth $30. When a company submits at a minimum, tens of thousands of coins a year to a TPG, they are not paying $30 a coin. Major bulk business= major discount.

If a person is sending in a bulk order to have graded, they are hoping for enough 70's to pay for the grading fees and any 69's they have to sell for less than the grading fee of each coin.

To me, there isn't anyone around who can tell the difference between a 69 & a 70. Unless you only count looking at a label!

Break 'em out or Crack 'em out, but either way set your coins free
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stephen's Avatar
United States
206 Posts
 Posted 05/21/2009  12:51 am  Show Profile   Bookmark this reply Add stephen to your friends list Get a Link to this Reply
thanks for the info I was very helpfull steve
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