To slab or not to slab...

tresgatos

Say you go to the bank and ask for a roll of pennies and when you get home
you find they are all wheat ears in AU condition and each cent is worth about $100,
according to the Red Book. You decide to sell them on Ebay; do you spend the $18
each to get them slabbed or do you sell them raw?

WaterSport

Hard call, while those PCGS will bring more bidders and bucks, it may be by only the $18 it cost you. BTW, its more than $18 per coin. More like $23 once you add the shipping, ins., etc.

WS

commoncents05

Depends on the coin, but I think if slabbing is necessary, ANACS would probably be better. (cheaper)

-Paul

JRocco

I would first really re-evaluate my opinion on the coins. You might want to pick out the few real AU58 lookers. As for slabbing a $100 coin...you have to consider that you will have about 25% of the profit locked up in the slabbing fees, it might not be as profitable as it first appears.
What year coins are we talking here?

tahoe98

was this hypothetical or do you have dates in mind?

tresgatos

dates in mind are d and s mintmarks from 1909 to the late 20s minus the usual suspects.

DennisH

Go back to the bank, get another roll of the same stuff, then you'll have 100 coins and can do a bulk submission for about $8 each.

I would get them graded, but that's just me and my O/C nature.

Type2

<< <i>Go back to the bank, get another roll of the same stuff, then you'll have 100 coins and can do a bulk submission for about $8 each.

I would get them graded, but that's just me and my O/C nature. >>

Yes or it may be worth sending them in singly if they are nice key's for the big $$$$$. and if you did nice pick up's.

droopyd

<< <i>Go back to the bank, get another roll of the same stuff, then you'll have 100 coins and can do a bulk submission for about $8 each. >>



If in fact such a roll were obtained from a bank teller, I'd be back in a flash to scoop up every other roll they had available.

oxy8890

<< <i>Go back to the bank, get another roll of the same stuff, then you'll have 100 coins and can do a bulk submission for about $8 each.

I would get them graded, but that's just me and my O/C nature. >>



Good idea but bulk submissions are only good for MS coins and after 1935 for Lincolns.

oxy8890

<< <i>Say you go to the bank and ask for a roll of pennies and when you get home
you find they are all wheat ears in AU condition and each cent is worth about $100,
according to the Red Book. You decide to sell them on Ebay; do you spend the $18
each to get them slabbed or do you sell them raw? >>



Where the he!! is this bank? Who was the teller? How many more rolls were in the drawer?

tightbudget

If this seriously happened, I'd go back for more and give that teller (if female) a big big hug.

lasvegasteddy

pic's???...this sounds like a huge you suck...50@$100.=$5,000 for a $.50 purchase...i'd like to know details too...more please on these details

ahooka454

wow. thats crazy. i get some good ones now and then but thats nuts.