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At what $ amount is it worth it to you to submit coins to PCGS/NGC?
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<p>[QUOTE="baseball21, post: 2426987, member: 76863"]That's really how I look at it too especially with the internet being the quickest and easiest way to sell things now the certification certainly helps a lot in that arena. I would be perfectly fine with a break even cost for the grading for the added liquidity. </p><p><br /></p><p><br /></p><p><br /></p><p>You can get lower pricing with bulk submissions, personally I wouldn't want to go through the effort or tie up that kind of capital though in a bunch of coins I had to bulk submit to make like 2 dollars each on. Generally bigger submissions are better as it spreads the cost of the shipping ect through more coins. The fewer the coins the larger the value return you would have to have to break even or come out on top with that factored in. It all just kind of depends what your purpose for submitting is. Is it increased value, liquidity, protection, authentication, your favorite coin ect?</p><p><br /></p><p>That is how I generally do cheaper coins though, as throw ins with submissions I was going to do whether or not it was there. But as far as rarity I guess it really depends what kind of rarity we are talking about. An actually rare coin period, that likely won't make the economy level unless a very low grade, but say varieties or something like a good number can still make the economy. If you're close in value they generally don't say anything if you sort of sneak something in, but in the rare instance something happens to it the value you put on the forum is the max they will payout if the actual market value is higher. I generally don't like to undervalue things on the insurance but if you expect it to be like a 320 dollar coin valuing it at 300 isn't really a big deal.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2426987, member: 76863"]That's really how I look at it too especially with the internet being the quickest and easiest way to sell things now the certification certainly helps a lot in that arena. I would be perfectly fine with a break even cost for the grading for the added liquidity. You can get lower pricing with bulk submissions, personally I wouldn't want to go through the effort or tie up that kind of capital though in a bunch of coins I had to bulk submit to make like 2 dollars each on. Generally bigger submissions are better as it spreads the cost of the shipping ect through more coins. The fewer the coins the larger the value return you would have to have to break even or come out on top with that factored in. It all just kind of depends what your purpose for submitting is. Is it increased value, liquidity, protection, authentication, your favorite coin ect? That is how I generally do cheaper coins though, as throw ins with submissions I was going to do whether or not it was there. But as far as rarity I guess it really depends what kind of rarity we are talking about. An actually rare coin period, that likely won't make the economy level unless a very low grade, but say varieties or something like a good number can still make the economy. If you're close in value they generally don't say anything if you sort of sneak something in, but in the rare instance something happens to it the value you put on the forum is the max they will payout if the actual market value is higher. I generally don't like to undervalue things on the insurance but if you expect it to be like a 320 dollar coin valuing it at 300 isn't really a big deal.[/QUOTE]
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At what $ amount is it worth it to you to submit coins to PCGS/NGC?
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