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<p>[QUOTE=&quot;Razor, post: 593720, member: 18742&quot;]Everyone says, &quot;buy the coin, not the holder&quot;.&nbsp; I have a question about that.&nbsp; I realize there may not be a black-and-white right-or-wrong answer, but here goes anyway.</p><p><br /></p><p>Let&#039;s say I bought a Lincoln silver UNC dollar coin (this part is not hypothetical since I really bought one) from the mint in February.&nbsp; It cost $32 plus $5 shipping = $37.&nbsp; I believe it is an MS70 specimen, but I could be wrong.&nbsp; Let&#039;s say I want to find out.&nbsp; Assuming I was able to submit it to PCGS, it would cost $20 shipping each way, plus the grading fee which is $15 for economy 3 to 4 week turnaround time.&nbsp; That would be another $55 bringing my total investment in the coin up to $87.</p><p><br /></p><p>For $73 I could buy, right now, <a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&amp;ssPageName=STRK:MEWAX:IT&amp;item=280330878970" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&amp;ssPageName=STRK:MEWAX:IT&amp;item=280330878970" rel="nofollow">this MS69 coin</a> on ebay.&nbsp; Please note this is not my coin that I am selling, nor do I have any plans to buy it.&nbsp; I use it only as an example.</p><p><br /></p><p>What would be my incentive to ratchet up my investment to almost $90 on the coin I currently have?&nbsp; Furthermore, for those who say, &quot;don&#039;t buy the holder&quot;, in some cases it seems the buyer has no choice.&nbsp; If I submitted my coin for grading the extra $55 would be factored into my price when (and if) I wanted to sell it.&nbsp; There is no way I would let it go for less than the $87 I invested in it to begin with.&nbsp; In that case, the buyer would most definitely be &quot;buying the holder&quot; as well as the coin.&nbsp; Of course, if it came back from PCGS as MS70 then it would be worth more than it would at MS69.&nbsp; Maybe.</p><p><br /></p><p>The other side of that coin (heh, no pun intended) is if I wanted to buy the example Lincoln for $73, there&#039;s no doubt in my mind that part of the purchase price would be because of the expense involved to get it graded.&nbsp; It seems to me there&#039;s no way you can separate the coin from the holder (and what the holder states in writing) when deciding on a purchase.</p><p><br /></p><p>Maybe this is a better question: how can someone sell a coin (such as the above example for $73) when it had to have cost them more than that to purchase it in the first place and then get it graded?&nbsp; Does PCGS give hefty discounts to dealers who regularly submit a lot of coins?[/QUOTE]</p><p><br /></p>

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