i see coins on ebay that are ms 67 ms 68 that sell for 40 to lets say 60 dollara some more i mean cents from 1970,s t0 1990,s i am confused i asked the coin graders how much to grade a coin they tell me 45 dollars and 51 or 52 dollars and people are selling for much less in many cases on ebay i am sure they know 2nd grade math these people are preficinal not stupid how do you pay 45 dollars to grade a coin and sell it for 28 dollars i an old school how does this new school work please help me
Bulk submitters pay less per coin, so they can sell for less and not lose money. Sometimes people just end up losing money.
$45-52? Where are you getting those prices? https://www.ngccoin.com/submit/services-fees/ The tier charge for NGC "Modern" is only $16 + shipping & insurance. I think this is for a 5-coin minimum, but I'm not 100% positive. Chris
The shipping and the submission service charge are spread over the entire submission, sending in one coin at a time unless it is of high value is the wrong way to do it. Most people usually submit about 10 or more especially for moderns which brings the cost down significantly per coin on the shipping and handling
It's much cheaper to send in multiple coins at the same time. If you send in just one coin at a time, you're cutting your own throat. Chris
I always wait until I have at least 10 coins to submit. and if I screw up and have a coin not qualified for that tier they generaly just up the cost on me for that one coin to meet the tier rather than having to submit the minimum of 5 for the higher tier.
Is there a cut off for what's considered modern coins. I'm sure it's extra if you have an error coin you want examined.
Or you can try your local coin dealer. Mine takes submissions from all of his customers and submits them all at once (he usually waits to have at least 40 pieces) and then spreads the "extras" (postage, insurance, etc.) over all the coins. It's cost-effective and the only downside is that I sometimes have to wait for other customers to submit their coins so there are enough coins to make it worth everyone's while. But if it saves me $25 bucks, I'll wait the extra month. By the way, he always tells customers ahead of time how he thinks their coins will grade and he's never been off by more than a point. He's also told me when he thinks it's not worth submitting a coin, which has saved me a ton of money over the years.
