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<p>[QUOTE="Ken Dorney, post: 3564483, member: 76086"]The answer is 'it depends'. I am a dealer so I can help out. First off, unless a 'dealer' is a novice or doesn't know what they are doing they wont submit coins to be slabbed at a valued less than the cost of the slab+postage. That simply doesn't make sense, even with bulk discount rates of submission. BUT, it does happen. </p><p><br /></p><p>Sometimes a 'dealer' really doesn't understand what they are doing and will make mistakes. Other times one feels like a coin is a really higher grade, but the slab comes back less so, and they lose. It really is like gambling with US and modern coins and slabs. Nobody understands why grades come back as they do (its really akin to witchcraft). Thus, the whole slab market really is just gambling (one assumes they will get a good grade, and after that they assume they will be able to sell at a premium, neither situations are guaranteed, and thus simple gambles). </p><p><br /></p><p>Add to this the secondary market. One guy pays for a slab, he bears all the cost. But he may put it on Ebay where it sells for 90% less than what he paid.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 3564483, member: 76086"]The answer is 'it depends'. I am a dealer so I can help out. First off, unless a 'dealer' is a novice or doesn't know what they are doing they wont submit coins to be slabbed at a valued less than the cost of the slab+postage. That simply doesn't make sense, even with bulk discount rates of submission. BUT, it does happen. Sometimes a 'dealer' really doesn't understand what they are doing and will make mistakes. Other times one feels like a coin is a really higher grade, but the slab comes back less so, and they lose. It really is like gambling with US and modern coins and slabs. Nobody understands why grades come back as they do (its really akin to witchcraft). Thus, the whole slab market really is just gambling (one assumes they will get a good grade, and after that they assume they will be able to sell at a premium, neither situations are guaranteed, and thus simple gambles). Add to this the secondary market. One guy pays for a slab, he bears all the cost. But he may put it on Ebay where it sells for 90% less than what he paid.[/QUOTE]
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