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<p>[QUOTE="GDJMSP, post: 628208, member: 112"]Mark gave you his answer and I will add this. Most dealers don't even consider it because they simply don't have the time to break down all of the associated costs that go into what they pay for a coin. They only care about 1 thing - the total. To that total most dealers just add their given precentage and that's it - end of story. For example, if they pay $100 for a coin and their personal markup is 20% then they ask $120 for the coin. </p><p><br /></p><p>And don't forget, the majority of coins that a dealer buys are already slabbed when he buys them - he has no cost to add in.</p><p><br /></p><p>And the argument that at some point along the line the cost for slabbing is added in by somebody doesn't fly either. Do you think that if a person, any person dealer or collector, buys a raw coin for $80, submits it and it comes back as MS64 and worth $150 that he is going to then ask $170 for the coin ? He can try I suppose, but if the list price is $150 he is going to be waiting a long time.</p><p><br /></p><p>The listed value of coins is the listed value - not the listed value <b>plus</b> grading fees.</p><p><br /></p><p>People submit coins to the TPG's, and to CAC for one primary reason - it makes it easier to sell them. It doesn't necessarily get them more money - but it does help them to get their money back out of a coin faster. And that's what it's all about to a dealer. Most would rather lose $20 on a coin than they would have it sit in the cases for a year.</p><p><br /></p><p>They could care less about grading fees and consider them to be inconsequential. Merely part of the cost of doing business, just like the elctric bill. It's all covered by their standard percentage markup.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 628208, member: 112"]Mark gave you his answer and I will add this. Most dealers don't even consider it because they simply don't have the time to break down all of the associated costs that go into what they pay for a coin. They only care about 1 thing - the total. To that total most dealers just add their given precentage and that's it - end of story. For example, if they pay $100 for a coin and their personal markup is 20% then they ask $120 for the coin. And don't forget, the majority of coins that a dealer buys are already slabbed when he buys them - he has no cost to add in. And the argument that at some point along the line the cost for slabbing is added in by somebody doesn't fly either. Do you think that if a person, any person dealer or collector, buys a raw coin for $80, submits it and it comes back as MS64 and worth $150 that he is going to then ask $170 for the coin ? He can try I suppose, but if the list price is $150 he is going to be waiting a long time. The listed value of coins is the listed value - not the listed value [B]plus[/B] grading fees. People submit coins to the TPG's, and to CAC for one primary reason - it makes it easier to sell them. It doesn't necessarily get them more money - but it does help them to get their money back out of a coin faster. And that's what it's all about to a dealer. Most would rather lose $20 on a coin than they would have it sit in the cases for a year. They could care less about grading fees and consider them to be inconsequential. Merely part of the cost of doing business, just like the elctric bill. It's all covered by their standard percentage markup.[/QUOTE]
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