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<p>[QUOTE="Speedie, post: 1313964, member: 28064"]You have to keep in mind that MCM is in close proximity to NGC, and that the owner (I believe) used to work there as a grader. NGC are at $17/coin for grading or $105 per set (not sure what dealers pay?), and MCM are selling on their website at $1,049 for 69s and $1,899 for 70s. Assume 1 x 70 and 4 x 69 from a box of 5 as a worst case scenario: cost = ($700 x 5) + ($105 x 5) = $4,025....sell = ($1,049 x 4) + ($1,899 x 1) = $6,095 which is > 50% profit.</p><p><br /></p><p>Considering that we're talking NGC, 1 set of 70s from a box of 5 is fairly unlikely. Also they're probably submitting hundreds of sets and would be averaging a lot higher than 20% 70s. The math is pretty good for them.</p><p><br /></p><p>Also NGC's deadline for "Early Releases" is 8th December 2011, and they differ from PCGS in that they won't give ER designation to sets received after the cutoff even if they are in the original Mint shipping box postmarked prior to the cutoff. Sooooo...just one more week and then NGC ER is gone forever for these.[/QUOTE]</p><p><br /></p>
[QUOTE="Speedie, post: 1313964, member: 28064"]You have to keep in mind that MCM is in close proximity to NGC, and that the owner (I believe) used to work there as a grader. NGC are at $17/coin for grading or $105 per set (not sure what dealers pay?), and MCM are selling on their website at $1,049 for 69s and $1,899 for 70s. Assume 1 x 70 and 4 x 69 from a box of 5 as a worst case scenario: cost = ($700 x 5) + ($105 x 5) = $4,025....sell = ($1,049 x 4) + ($1,899 x 1) = $6,095 which is > 50% profit. Considering that we're talking NGC, 1 set of 70s from a box of 5 is fairly unlikely. Also they're probably submitting hundreds of sets and would be averaging a lot higher than 20% 70s. The math is pretty good for them. Also NGC's deadline for "Early Releases" is 8th December 2011, and they differ from PCGS in that they won't give ER designation to sets received after the cutoff even if they are in the original Mint shipping box postmarked prior to the cutoff. Sooooo...just one more week and then NGC ER is gone forever for these.[/QUOTE]
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25th Anniversary Silver Eagle Set PRICE WATCH
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