Worth The Cost Of Slabbing? - Coin Community Forum

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Author	Replies: 4 / Views: 2,139
spaceace Pillar of the Community United States 797 Posts	Posted 10/30/2009 12:48 pm how is it possible/profitable for reputable companies to slab coins (PCGS, NCG, etc, not bottom tier slabbers) that are fairly recent and not worth much more than $5-10? I have no idea how much slabbing can cost but it seems like for somebody to slab a coin from PCGS (for example) and sell it for $5-10 is not going to keep you in business for long. Is it because somebody does such a high volume? I have seen some on ebay and in coin shops and was curious how somebody can do that with numerous coins. Report this Post to the Staff

SeatedNut Pillar of the Community United States 2797 Posts	Posted 10/30/2009 1:07 pm Bulk submissions of same type/date coins, single level of service, one box out, one box back. That's the only way they can come close to breaking even. Many who do this count on a few true "gems" to make up the difference. Report this Post to the Staff
spaceace Pillar of the Community United States 797 Posts	Posted 10/30/2009 2:45 pm Kind of what I figured. My dad just got some coins from LC coins (online direct and some ebay) and one was graded by PCGS and it cost him $6 or so. It was a proof DCAM MS69 State Quarter from 2001 or 2002. Not really concerned about how much it is actually "worth" I just thought it would be next to impossible to get a coin graded and slabbed and sell it for that price point. Edited by spaceace 10/30/2009 2:46 pm Report this Post to the Staff
snowman Pillar of the Community United States 1840 Posts	Posted 10/30/2009 2:46 pm I agree with SeatedNut. The registry set crowd will pay big bucks for a top-pop coin. The coins you see going for $10 are likely the ones that people thought would grade higher than they actually did. Report this Post to the Staff
spaceace Pillar of the Community United States 797 Posts	Posted 10/30/2009 3:35 pm Makes sense, although MS69 is a pretty top notch grade. Seems like $6 for a MS69 wouldn't even cover the slabbing costs. But like was mentioned before volume makes up the difference I guess. It makes for a nice way to get some recent coins at pretty high grade at a cheap price. Edited by spaceace 10/30/2009 3:35 pm Report this Post to the Staff
	Replies: 4 / Views: 2,139

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