Prices below slabbing cost

badger

What do you think are the indications for the coin market for coins selling for less than slabbing cost? Does it indicate a segment of the collectable market that is not popular or rare enough to warrant the certifications?

Compa

It signifies that a lot of submissions aren't making that 1 point above where you are seeing all these others. That one 70 makes up for all those 69 loss-leaders.

CarlWohlforth

I agree. The submitters were hoping for a higher grade.

solid

The coins may or may not be selling for less than the slabbing cost. I would imagine
that someone submitting 200 or 500 or 1,000 perfect-looking proof coins can get a
fairly low cost-per-coin to slab, and are hoping for a few 70's to make the deal
worthwhile.

Ken

DennisH

Solid is right.

Most of us assume $16 per coin is the minimum grading fee, but not so. I've been told by several dealer friends they've heard of big bulk submitters getting rates as low as $6-$8 per coin

johnk

I have asked about bulk and was told $8 min 100 coins. must beminh. 25 coins same date and mint and you can but min. grade. also if 60% of coins slab at min. grade the rest of the coin you will not be charged if not there is a $5 dollar charge per coin.

Johnk

badger

Thanks, I appreciate the information and insight from the forum members.

LindeDad

I'm kind of new here. But why does PCGS price guide list coin values even lower than these minium grading fees?

CarlWohlforth

Welcome!

The PCGS price guide attempts to list the retail price of coins. So if a coin retails for below the cost of slabbing that is what they would and should list. In general you can buy coins on eBay and other places for less that the prices listed in the PCGS price guide.

Steve27

" The coins may or may not be selling for less than the slabbing cost. I would imagine
that someone submitting 200 or 500 or 1,000 perfect-looking proof coins can get a
fairly low cost-per-coin to slab, and are hoping for a few 70's to make the deal
worthwhile."

I don't think you can get a "70" this way. I believe Bulk submiiters can only get up to a "69" (it's one of the bulk submission rules).

relayer

A $2 coin doesn't become a $15 coin just because it's inside a plastic holder

DennisH

Very true! But that doesn't mean it won't SELL for $15 just because it is in a plastic holder.

Just ask the folks who collect sample slabs!

Robgetty

I know that I have sent in 1 coin that was worth only about the grading fee. I'm
sure that other people do the same thing, in addition to the ones who were
hoping for a higher grade.