Dealers: When you buy a raw coin and it grades (at NGC/PCGS) higher than you expect...

RYK

what do you do?

If the seller is an active coin collector, even a customer, do you pay the seller more for it? Do you price the coin at the grade you expected to get? Somewhere in between?

And what if the seller is the proverbial "old widow"?

lordmarcovan

If I went through the trouble and expense of submitting it, and I already bought it from somebody when it was raw, then I price it for what it's worth in the slab, and I reap all the rewards (or take all the losses) myself.

If it comes back substantially higher than expected (i.e. is worth a large amount of money more than I paid), then I might throw the person I bought it from a modest kickback, if I know where they are and IF I felt they were deserving or in need.

Wolf359

When you buy a raw coin and it grades (at NGC/PCGS) higher than you expect what do you do?

I figure the guy undergrades, so I buy MORE!

Catch22

I figure the grader's must have gotten some the night before and were in a good mood. Just chalk it up to chance.

ScarsdaleCoin

makes up for all the ones that grade lower......

Never be afraid to try something new. Remember that a lone amateur built the Ark. A large group of professionals built the Titanic.

jdimmick

If I were a dealer and I recieved one back higher, I would reap the benefits. I would have been the one that had to risk the downside potential of it possibly not coming back the way I thought or even possibly lower. Thats business. On the otherhand, If I had made an agreement or something to this affect, then of course I would honor it.

jim

darktone

Keep the extra money- things will equal out in the long run. mike