I wondering if anyone has figured out the art of selling graded coins.
A deal is presently offering more than ten 1980-P Anthony dollars that have a NCS grade of MS65 for $12 dollars, plus shipping.
To cover the expense of getting the coins graded, it appears to me that he would have to be hoping that they would be graded at least MS67 to break even on costs.
My wonder is "how would an experienced dealer miss grading more that ten coins by two grades".....And if he really didn't, how can he afford to do business like this?
:)
selling graded coins
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
6. No spam. Do not post any links to your coin or other non-coin websites.
7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
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Paul
- Master Die Variety Examiner
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Re: selling graded coins
may iask if that is a "NGC" or 'NCS' grade plz....??pocketchange wrote:I wondering if anyone has figured out the art of selling graded coins.
A deal is presently offering more than ten 1980-P Anthony dollars that have a NCS grade of MS65 for $12 dollars, plus shipping.
To cover the expense of getting the coins graded, it appears to me that he would have to be hoping that they would be graded at least MS67 to break even on costs.
My wonder is "how would an experienced dealer miss grading more that ten coins by two grades".....And if he really didn't, how can he afford to do business like this?
:)
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Daniel
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Re: selling graded coins
Yeah, if it's NCS then it is not a real grading service and they make money because they buy the holders and label (which are cheap) and grade their own coins.
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pocketchange
- Coin Collector
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Re: selling graded coins
Sorry......Translation error!
It's NGC.
That should put the "my wondering" back on track!
It's NGC.
That should put the "my wondering" back on track!
Re: selling graded coins
A lot of times a dealer will send bulk coins to NGC and specify a minimum grade, All gem or better in a holder, below gem return. If there are enough coins, NGC will not charge for the ungraded coins.. I did this with 1959 pennies, gem or better. Well, 1959 P pennies are low quality. Out of 200 coins 15 graded MS65. One graded MS66. The rest were returned to me in body bags. That is how you get less than valuable coins graded. By the way, the bulk submissions guy asked me not to send any more 1959 P pennies. Anybody interested in ms65 1959P NGC pennies?....
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Paul
- Master Die Variety Examiner
- Posts: 19035
- Joined: Wed May 29, 2013 9:19 pm
- Location: Wisconsin
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Re: selling graded coins
remember "WHAT" it is were doing here......
collecting "COINS".......
we are buying the 'lumps of metal' inside the plastic cases.... not the plastic case.....
:eureka:
your 'graded coin',...in it's "slab",.....is a coin that has been inspected by a third party, & deemed "genuine"....
MY PERSONAL PHILOSOPHY:
there are only 4 reasons to "encapsulate a coin".....
1. AUTHENTICITY
2. PRESERVATION
3. VARIETY RECOGNITION (if they recognize that var)
4. PROOF DESIGNATION
collecting "COINS".......
we are buying the 'lumps of metal' inside the plastic cases.... not the plastic case.....
:eureka:
your 'graded coin',...in it's "slab",.....is a coin that has been inspected by a third party, & deemed "genuine"....
MY PERSONAL PHILOSOPHY:
there are only 4 reasons to "encapsulate a coin".....
1. AUTHENTICITY
2. PRESERVATION
3. VARIETY RECOGNITION (if they recognize that var)
4. PROOF DESIGNATION
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