It takes a good idea, and lots of info but.. Has anyone thought of the possibility of buying raw coins and submitting them to a TPG to make a profit on?
If you ask TPG advocates, they claim there is no premium for slabbed coins, so theoretically it's not a very sound business plan. But, thats all speculative theory. In reality, thats how a lot of dealers make quick money. Guy
Um....I'm not really sure if you are serious, or just trying provoke a response. But I gotta ask.....who do you think submits more coins to the TPG's, dealers or collectors?
What Condor101 said and there are also those who crack out coins from slabs and send them in to try to get a higher grade or to get varieties attributed. Not a new concept.
thats why i am getting my 1796 large cent graded on ebay raw they are going for $80 ish the only one graded went for $175. i paid $25 for mine, plus $30 to get graded its amazing 02 then flip and hopefully make 200% or more. i think it is easier to get a good deal on a raw coin then graded one. so like other said, if you know your stuff go for it. there is an 1880 O morgan around town for sale for $175 i am considering buying it but ms 60 i would lose a lot of money if it came back 63 i would be doing alright
Yes...lots of people do it. The problem is, it is very hard to be good at it. You have to have a solid understanding of both the grading of the coin as well as how the TPGs grade. With that knowledge, you must then look for raw coins that are undergraded...determine that they should be graded and then get them for a price that allows you to pay the TPG fee and still have room for profit. Also, remember that one mistake in grading can cause you to take a large loss and eat up the profit from other sales. It's a risky and though game that takes a lot of knowledge and some luck.
