how many coins would you send to our host for grading

coin4sale

if the slabbing fee was say, a mere $6.00 per coin, but say limited to coins worth less than say $100?

A HYPOTHETICAL EXERCISE.

Would you slab more coins or tokens in your collection that you thought were "real ' nice" but only maybe catalog for $25-$100?


I believe i would, - for several reasons.

After all, if it works for the grading companies to already offer significantly reduced submission fees ( $ single digit) for bulk submissions (usually 100+ of a single coin type), couldn't a similar model be made that allowed for a fast and less costly grading for this "tier" of coins, potentially opening up a whole new market of coins to get slabbed?


Could it be done and profitable for the grading co?

Could they handle the influx this may generate?

How many coins would have to get graded per hour at this level to be able to compensate for employment of extra graders ?

What else could they do to get the cost down to this level?

Maybe the slabs get shipped back to customer in a cardboard box instead of hard plastic, or submitter can pay $x and get the box...

or maybe the "warranty" or grade/authentication guarantee for these is slightly different than other certification tiers. ie, different color insert...

dbcoin

they've gone on record and said at $5 it's not worth their time. So $6 is probably not worth their time either. From a shareholder perspective, this would be a disaster if they did this. Margins would be crushed. Tens of millions of shareholder value would be lost.

Bulk submission lowest fee is $5 per SEC docs.

mrdq

I'd send in a BUNCH. Couple hundred easily.

lasvegasteddy

i think the additional sub fees with no multi-discount or free sub fees after the 1st of an order... in one order received

why can't "separate service levels" in one order be returned in one package as that separate return shipping for each service level really-really bites hard...REALLY

price level cut off for service levels are yucky too...."pcgs price guide" doesn't come close to what actual fair trade or market value of coins are to begin with

those concerns are more so important then a low value special

Broadstruck

At $6 a pop I'd probably send some items in I wound never consider having graded just to have in a protective holder.

sparky64

The sub $100 value would hit my sweet spot.
I would send in several.

Manorcourtman

Wait times would be 6 months plus

coin4sale

<< <i>they've gone on record and said at $5 it's not worth their time. So $6 is probably not worth their time either. From a shareholder perspective, this would be a disaster if they did this. Margins would be crushed. Tens of millions of shareholder value would be lost.

Bulk submission lowest fee is $5 per SEC docs. >>




i am a share holder, and i disagree. I see it as more revenue, there are countless coins to be slabbed
i contend small margins but big volume is viable. Look at the bullion trade.

dbcoin

<< <i>

<< <i>they've gone on record and said at $5 it's not worth their time. So $6 is probably not worth their time either. From a shareholder perspective, this would be a disaster if they did this. Margins would be crushed. Tens of millions of shareholder value would be lost.

Bulk submission lowest fee is $5 per SEC docs. >>




i am a share holder, and i disagree. I see it as more revenue, there are countless coins to be slabbed
i contend small margins but big volume is viable. Look at the bullion trade. >>



Really? Let's look at the bullion company AMRK. PE of what, 10? Margin of less than 1%. CLCT's PE is almost 25 and their margin is 64%. I am happy to leave the high volume, low margin stuff to bullion companies.

coin4sale

apples to apples please.

I propose that the lower margins earned on these inexpensive coins would not replace the current model, rather supplement it. There are lots more "modest" coins that could go into holders, but at the current price point it is hard to justify.

Jinx86

With that kind of volume I could see a laps in quality trying to keep up with demand.

I could see me sending in 5-6 BU rolls of coins a month and I'm small time. Larger players sending in pallets of coins would overwhelm every aspect of the company.

DollarAfterDollar

Slabbing common junk is why it takes a month and a half to get back real collector coins now. Cluttering the system with common coins of low value will just slow the process down even further.

Spend that clad dreck!!




hehehehehe

LindeDad

It's already being done look at most of the Silver American Eagles on the market.

BTW a bunch of people still have a lot of rolls of then too. Myself even at the bulk rate see no need as I can buy them for less than make them.

TwoSides2aCoin

I just sent 33 coins in that are costing $32 per coin to get graded.
If it was $6, I would have sent 33 coins.