Thread: Recent cents graded by NGC or PCGS

I believe its because some dealers send them in bulk in hopes of getting a MS70. One coin can sell for hundreds of dollars. The rest get sold to try to recoup what ever they can. They probably get additional discounts as well when they send them in bulk

sellers like lccoins and coindiva sent them in huge lots to the grading service, get a reduction in price, and then get a handful of 70s back which is actually quite profitable

Correct. Their generosity to you helps their bottom line. As I've stated so often, "It's all about the Benjamins".

I go to coin shows all the time and aways wonder why there are so many coins worth only a few dollars and in a slab. And then too, some are graded as MS-62 or even less. I've seen coins of all denominations and dated as recently as the 2009's in slabs and selling for a few dollars. I suspect some people are just slab happy and think having coins in a slab will make them worth more. At almost every show I see about 40% to 50% of all coins in slabs. One dealer always tells me to igore his slabbed coins since he sells them as if they were raw since most should have been. He too pays practically nothing for many of them. People are just slab happy.

Some of my coins Like Silver Eagles I like to have slabbed for the grading and the protection, And if you send one in for grading and you get that 70 grade it makes it a lot better if you sell the coin down the road. I am no expert just a normal blue collar worker trying to learn about coins.