Question About PCGS Graded Coins And Ebay

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Author	Replies: 4 / Views: 1,747
PocketChangeJunk Valued Member United States 125 Posts	Posted 09/20/2011 11:08 am I was wondering how ebay sellers are able to sell PCGS graded coins so cheap. Earlier this year I decided to add some to my collection and have not spent over $5 for a single coin. Most are Presidential and Native American coins MS-65 - MS-66. I bought a set of 2010 Native American coins MS-65 (P&D - Positions A&B) for less than $10 including shipping. That's $2.50 a coin, and the min. it cost to get coins graded is $14.00. Just curious thanks. Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 09/20/2011 12:39 pm Imagine yourself a dealer, submitting Moderns to PCGS by the box. The overwhelming majority of it comes back MS65-66, essentially worthless at auction. But a few, just a few.....a few come back MS69 or PF70, and the "more money than brains" types line up to give you multiples of your original cost. An SP69 Pos B Harrison sold for $895 on ebay last week. It doesn't take many of them to justify a whole pile of MS65's. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/20/2011 10:07 pm And something Superdave didn't mention is that when you submit those moderns by the box it is possible to get that grading cost down to around $7 to $8 per coin. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/20/2011 11:19 pm Then you have another group of people who couldn't properly grade a coin to save their lives. They send in a coin for grading, thinking it will achieve a high grade and be worth alot of money. Then they get it back with a grade four or five points lower than they thought and it ends up being worth less than the submission fees. Report this Post to the Staff
PocketChangeJunk Valued Member United States 125 Posts	Posted 09/21/2011 12:38 am Thanks for the info guys. I still don't mind paying $2-$3 for an MS-65 or MS-66 coin that's PCGS graded. Report this Post to the Staff
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