http://cgi.ebay.com/1932-D-WASHINGT...em&pt=Coins_US_Individual&hash=item53e248154f Almost seems he has a time machine or something that allows him to have an endless supply of near perfect very desirable coins. Most are blazing white and appear undamaged. Why doesn't he just have them slabbed by PCGS or another TPG so he can double or triple his return? :rollling: *I am in no way associated with this seller. Just curious where someone would find so many nice coins.
Well sure, he has hundreds of them for sale right there, but where does he get them? And why doesn't he get them graded and sell them for three times as much?
Well obviously he's willing to pay for them. As far as sending them in for grading, thats an overhead expense that would cut into his profits no doubt.
My dealer doesnt grade anything......hes about 80 and has complete sets of BU peace dollars, 1936-1942 mint sets, 3 1916D G4 dimes, all kinds of things that I see in his shop and think if it was my shop they would be slabbed and sold a long time ago
Id be willing to bet he would make more coin on them if they were graded and the overhead expense would matter
Well being out of New York and with over 57,000 posative feedback I'm sure he is a huge estate buyer or somthing. Lots of money up there, i'm sure there were a lot of coin collectors among them. With regards to getting them graded it goes both ways. With the volume he turns it would be a lot of time, cost and hassle. Some stuff sells cheaper then the final grade would be, some higher. Who knows, email them and ask, you never know
Well I don't know about PCGS or IGC, but NGC requires a paid membership, and at the very least would be $30 per coin, then there's shipping both ways.
Don't know anything about this seller. But, as a general rule, I have to get a REALLY good price on a high end coin that isn't slabbed, because if it doesn't slab that equals a big loss. Another general rule I go by is, I don't buy coins when I can't tell from the photo what's been done to them. Clearly, in order for old coins to look bright white, they have to have been dipped, probably many times over the years, which could cause them to be "body bagged". Another general rule I believe is, if a high end coin isn't in a slab, there's probably a good reason, like it has a problem.
I will agree that the guy has what appears to be super nice raw coins. But raw coins over Ebay, not for me.
Because the majority of them would not grade as high as you seem to think they would. From what I can see, those pics make the coins look better than they really are.
I don't know if this has been said or not but that particular eBay seller does not have as nice of coins as his camera portrays. He is simply a very good photographer (for selling coins).
On the pther hand, I'd be willing to bet that if he did have the coins graded, they would either get body bagged or grade at a level no where near what you think you are seeing. But..............that's just my opinion.
