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At what price level is a coin worth being graded?
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<p>[QUOTE="physics-fan3.14, post: 2931201, member: 19165"]The answer varies widely based on your collecting goals, and financial decisions. There are the aesthetic and storage questions mentioned above - some people really like slabs, and some people don't. That may factor into your decision.</p><p><br /></p><p>However, let's look at it just from a cost perspective:</p><p><br /></p><p>Submitting a coin costs about $25 - $30 each. So, if you're talking about a $100 coin, lets say you got a really good deal and bought it for $80. You put another $30 in, and now it cost you $110. You're may be able to sell it for $95.... which means you lost money on the deal.</p><p><br /></p><p>I have plenty of certified world coins worth less than $100, but I sure didn't submit them, and I'm betting someone lost some money on them!</p><p><br /></p><p>The fees become more palatable at a higher value. If you're talking about a $300 coin, it starts to make more sense. For me, somewhere in the $200 - $300 range is where I start to think about submitting. The exceptions here would be if the coin is hard to authenticate, or highly counterfeited, submitting will make the coin more liquid. That is, much easier to sell for a better price.</p><p><br /></p><p>The short answer is: there is no solid answer. It's a decision you have to make for yourself.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 2931201, member: 19165"]The answer varies widely based on your collecting goals, and financial decisions. There are the aesthetic and storage questions mentioned above - some people really like slabs, and some people don't. That may factor into your decision. However, let's look at it just from a cost perspective: Submitting a coin costs about $25 - $30 each. So, if you're talking about a $100 coin, lets say you got a really good deal and bought it for $80. You put another $30 in, and now it cost you $110. You're may be able to sell it for $95.... which means you lost money on the deal. I have plenty of certified world coins worth less than $100, but I sure didn't submit them, and I'm betting someone lost some money on them! The fees become more palatable at a higher value. If you're talking about a $300 coin, it starts to make more sense. For me, somewhere in the $200 - $300 range is where I start to think about submitting. The exceptions here would be if the coin is hard to authenticate, or highly counterfeited, submitting will make the coin more liquid. That is, much easier to sell for a better price. The short answer is: there is no solid answer. It's a decision you have to make for yourself.[/QUOTE]
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At what price level is a coin worth being graded?
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