Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Cac
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 627864, member: 5629"]When submitting hundreds of coins to a grading company at a time, we both know that the profits from returned averages will greatly outweigh the submission fees. However, when the slab has received a sticker and then begins to circulate through the secondary market, it will more likely than not eventually end up in the hands of an opportunist. Whether using fast talking, sleight of hand, hype and tall-telling, or whatever, this individual will eventually make the sale for the inflated price.</p><p><br /></p><p>The inflated price will eventually trickle into the analysis of market experts and, with enough instances in a short period of time, skew the market, thus artificially raising the published price levels for such coins.</p><p><br /></p><p>The reasoning for the inflated ask price would be submission fees. I just fenced this weekend with our closest dealer (four hour round trip) over a raw Close AM proof cent and he tried to use grading fees as an excuse to give a low bid for the coin, but eventually we both came to the agreement that we both knew better and compromised a fair price for the both of us.</p><p><br /></p><p>But, the point is, submission prices for both grading and CAC alike will most likely eventually make its way into the price of the slabbed coin multiple times over the years, but now I've even forgotten if I'm still on topic with what we were discussing, so I'll zip it for a few. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 627864, member: 5629"]When submitting hundreds of coins to a grading company at a time, we both know that the profits from returned averages will greatly outweigh the submission fees. However, when the slab has received a sticker and then begins to circulate through the secondary market, it will more likely than not eventually end up in the hands of an opportunist. Whether using fast talking, sleight of hand, hype and tall-telling, or whatever, this individual will eventually make the sale for the inflated price. The inflated price will eventually trickle into the analysis of market experts and, with enough instances in a short period of time, skew the market, thus artificially raising the published price levels for such coins. The reasoning for the inflated ask price would be submission fees. I just fenced this weekend with our closest dealer (four hour round trip) over a raw Close AM proof cent and he tried to use grading fees as an excuse to give a low bid for the coin, but eventually we both came to the agreement that we both knew better and compromised a fair price for the both of us. But, the point is, submission prices for both grading and CAC alike will most likely eventually make its way into the price of the slabbed coin multiple times over the years, but now I've even forgotten if I'm still on topic with what we were discussing, so I'll zip it for a few. :)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Cac
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...