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Am I the only one who thinks grading is a ripoff?
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<p>[QUOTE="aschwars, post: 1159796, member: 28921"]When I was at the santa clara coin show on saturday, I found that the least expensive </p><p> </p><p>graded slabbed coin was $10. The coin itself was a modern presidential dollar that you</p><p> </p><p>could get about the same contition if you went to the bank. Apperently, this was a good</p><p> </p><p>price because it was in a "bargain bin". I have seen the price hike up especially on good</p><p> </p><p>condition (ms) coins. At the coin show, I saw wheat cents from the 1950's that had full</p><p> </p><p>mint luster and were in great condition in sets for 10 dollars at the most. graded slabbed</p><p> </p><p>coins in about the same condition seemed to be $20 minimum. can someone tell me why</p><p> </p><p>it is worth so much to get a coin that is $20 raw for sometimes $50? I understand that</p><p> </p><p>people want their coins authenticated, but can't you just go to a dealer for that?[/QUOTE]</p><p><br /></p>
[QUOTE="aschwars, post: 1159796, member: 28921"]When I was at the santa clara coin show on saturday, I found that the least expensive graded slabbed coin was $10. The coin itself was a modern presidential dollar that you could get about the same contition if you went to the bank. Apperently, this was a good price because it was in a "bargain bin". I have seen the price hike up especially on good condition (ms) coins. At the coin show, I saw wheat cents from the 1950's that had full mint luster and were in great condition in sets for 10 dollars at the most. graded slabbed coins in about the same condition seemed to be $20 minimum. can someone tell me why it is worth so much to get a coin that is $20 raw for sometimes $50? I understand that people want their coins authenticated, but can't you just go to a dealer for that?[/QUOTE]
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