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Grading For Profit?

sagsmisagsmi Posts: 20
in U.S. Coin Forum
Just wondering how many of you send in your coins for grading with the sole purpose of reselling (assumed higher profit) versus the same coin in a raw state. If so, which services do you find best suited to justify this action? Have you established a value for a newly slabbed coin that is the minimum low retail price to offset the grading charge, and still show a higher profit than a raw coin? Meaning.....


18??-CC Morgan XF raw $150

vs.

18??-CC Morgan XF slabbed $175 ( - $20 service/freight) = $155


Just curious.


Comments

  • gmarguligmarguli Posts: 2,225 ✭✭
    It's not just for added value, but also for the ability to sell the coin much faster. It might be worth it to lose a few dollars on the slabbing if I can turn the coin that much faster.

    Moderns: PCGS
    Classics: NGC
    Errors/varieties: ANACS
  • MonstavetMonstavet Posts: 1,235 ✭✭
    You mean faster than their 100+ day Economy service can get them back to you? LOL
    Send Email or PM for free veterinary advice.

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