If I start sending my coins to PCGS will I make more money?

RobertMillerFnd

I'm not a big time seller by any means...I usually sell on eBay maybe 5-25 coins per week, average values being $40-$150...Stuff like mid grade Bust Halves, And various keydates such as 31-S wheats, 14-D wheats, and the occasional higher grade Barber coin, among others, just to give you some idea. I may also have the occasional $500 coin such as a 16-D Mercury or some jazz like that. So far all my sales are raw coins unless I had bought it in a slab previously....My question is, would a small cat like me benefit from the expenses involved with submitting these kinda things to PCGS for grading? Do you think my profits would rise enough to be worth it all? As it stands right now, I usually just break even on my sales once covering all the auction costs and Paypal, so I am looking for a way to actually make a little something here and there..

Whitby

Easy answer: Get moderns from the mint: Get them slabbed. Any 70's you get will pay for everything else.

Wolf359

Yes, $500 raw coins should go to PCGS. Don't know about 16-D mercury dimes, but Morgans can double in price in a PCGS holder.

Coxe

As long as they don't have problems. Bodybags will gnaw away profits like nothing else.

Barry

It's highly doubtful you'll get any return on the "investment" of slabbing $40-$150 coins once you figure slabbing costs, postage, a certain percentage of bodybags, etc. $500 coins are a different story.

PerryHall

Some coins yes and other coins no. The only thing you can be sure of is that PCGS will make more money.

AUandAG

Be careful to pick and choose. I do the same each week and mostly small, cheap
stuff. However, the cost of economy grading with insurance and all is about $20
a coin is all. As a buyer I'd be looking at 14d's, 31's, 16d's, etc , with a worried mind
and not pay near what I'd be willing if it were slabbed. Take a look at what you
actually realized on a few coins then check what you would have gotted had they
been in a PCGS holder for the same coin/grade. That will tell you if it's worth it
and if you should do it. Search the "completed" auctions on Ebay for a quick refer-
ence. Easy to do and worth the effort. Good luck,
bob

ColonialCoinUnion

It depends on what grades you get.

If you are selling overdescribed schlock, then no, slabbing won't increase your profits. A number of CW advertisers have already figured this out.

If you are selling nice material in the upper end of your price range, I think it will almost certainly broaden the bidding participation on your items which should lead to iincreased prices and more profit. But it all depends on what grades you get.

kranky

And don't forget to factor in the opportunity cost for the period of time your coins are out being graded.

tahoe98

<< <i>Some coins yes and other coins no. The only thing you can be sure of is that PCGS will make more money. >>

RYK

If I start sending my coins to PCGS will I make more money?

Maybe yes, maybe no, but PCGS will definitely make more money.

LeeBone

Same coin/same grade...PCGS will bring more money 100% of the time.

Only slab the higher valued items as fees on the cheaper stuff will only be a waste of time, IMO.

PerryHall

<< <i>If I start sending my coins to PCGS will I make more money?

Maybe yes, maybe no, but PCGS will definitely make more money. >>



RYK---Read my post a few posts before yours. Two great minds thinking alike?