Pf69 Slabbed Presidential Dollars - Coin Community Forum

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Author	Replies: 3 / Views: 1,270
swiego Valued Member United States 57 Posts	Posted 12/01/2010 10:03 pm I wanted to put together a set of Presidential dollar proofs for my niece and nephew... in some kind of slab or plastic case since they're youngish. I noticed that there is no shortage of NGC PF69 sets out on ebay, etc., many of which are < $10/coin, in some cases quite a bit less than that. I was trying to get a feel for the "value" quotient here - taking grading fees into account, are these people making much profit off the coins? Or, are they trying to get rid of them at/below cost while making up for it with PF70s they acquire? Just trying to figure out whether I'm being taken for a ride if I try one of these... or whether, when I consider how much they spent to grade/slab these coins, whether the price is reasonable. Thoughts are welcome! Report this Post to the Staff

clairhardesty Pillar of the Community United States 1027 Posts	Posted 12/01/2010 11:24 pm It all depends on where they were slabbed. If it was at one of the top four then they are really just getting costs back so they can do more 70s. If it is an off name TPG then you want to watch what you pay and what you get. Report this Post to the Staff
swiego Valued Member United States 57 Posts	Posted 12/02/2010 12:12 am I was thinking something like this: http://cgi.ebay.com/2010-S-1-PRESID...t_1167wt_998 How much does that cost to slab, assuming they do it in volume? Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 12/02/2010 09:50 am I think done in bulk you can get it down to the $6 to $8 per coin range. When they send in the bulk submissions they are shooting for the 70's and that is where they make their money. If they can get close to their costs back or even lose a little on the rest they are happy. Even if they lose a little they have free up their capital and the profits them make on the 70's makes it worth their while. Report this Post to the Staff
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