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<p>[QUOTE=&quot;Conder101, post: 80121, member: 66&quot;]Sure I would if by putting in a $140 low grade damaged 1877 I could sell several hundred grab bags of a roll of wheat cents for $15 each.&nbsp; That&#039;s a 1500 return on a $140 investment.&nbsp; Sounds like a good deal to me.</p><p><br /></p><p><br /></p><p>Because it lets you sell a lot MORE bags for way over their value.</p><p><br /></p><p><br /></p><p>If as a dealer I buy&nbsp; several bags of wheats, maybe a bag of Mercuries and a bunch of other things, believe it or not I am probably NOT going to spend hours going through tens of thousands of coins on the slim chance of finding that $600 coin.&nbsp; There are more profitable things I can be doing with my time.&nbsp; Plus I can probably make more money by tossing in a couple of better pieces and then grab bagging the lot.</p><p><br /></p><p>Say I have a bag of wheats.&nbsp; Those trade at what $125 - $200.&nbsp; I toss in a 09-S Lincoln in Good, trends $80.&nbsp; So I have $280 in the group.&nbsp; I put it into half pound bags (about 70 bags) and sell them for $10 each, with the hype that there is guaranteed to be at least an 09-S cent in one of the bags.&nbsp; I get a return of $700 on a $280 investment for a profit of $420 plus I can probably scam at least another dollar from the S&amp;H on each bag for a total profit of $490.</p><p><br /></p><p>Or I can spend two to three hours scanning through the coins, finding nothing, and then sell them for $15 over my cost.&nbsp; Figuring in the value of my time, that&#039;s a $15 loss.</p><p><br /></p><p>Sure I might miss finding a key with the bulk method, but the feedback I will get will make it easier to run the grab bags in the future, and possibly get $15 per bag in the future on the strength of the &quot;great finds&quot; from my previous sales.&nbsp; ($15 per nets a profit of $700 for the bag.&nbsp; At that rate as long as there are suckers there will be grab bags.) </p><p><br /></p><p>Sure[/QUOTE]</p><p><br /></p>

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