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<p>[QUOTE=&quot;CamaroDMD, post: 1431949, member: 5233&quot;]Exactly.&nbsp; By submitting in bulk you get a lower rate per coin.&nbsp; The handful that return at high grade make the bulk of the money and the lower grade coins help cover some of that cost.&nbsp; Here is an example:</p><p><br /></p><p>Let&#039;s say I submit 500 coins at $10 each bulk rate...so my cost is $5000.&nbsp; An MS66 sells for $5 and an MS67 sells for $40.&nbsp; If 400 coins come back at MS66...I can then sell those coins for 400 x $5ea which is $2000...so I have covered almost half of my total cost.&nbsp; Now, the remaining 100 come back at MS67 which sell for $40 each...so 100x$40 = $4000.</p><p><br /></p><p>So, the $2000 generated from the MS66 coins plus the $4000 generated from the MS67 coins is $6000...subtract my initial grading expense of $5000 and I have a $1000 profit.&nbsp; That&#039;s how the dealers think of it.</p><p><br /></p><p>They do their best to select coins that have the best chance of a higher grade and hope enough of them are correct to turn a profit.&nbsp; But, those cheaper coins clearly do help to cover the cost.[/QUOTE]</p><p><br /></p>

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