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<p>[QUOTE="Conder101, post: 1412921, member: 66"]Let's take that state quarter example. The price guide says the PF-69 is a $25 coin. What is a PF70 worth? What happens is a dealer preselects a few hundred that he thinks have a chance at getting that 70 and submits them. Now since he is submitting several hundred of the same date mint and type he gets a deal of only say $6 each for the slabbing. Say 5 to 10% get the 70 grade. Those coins pay for the entire submission. The dealer has now broken even and he still has 90% of the coins and say they are split 75% PF 69 and 25% PF 68. But it is going to take forever to sell of a couple hundred PF 69's at $25 each and his money is tied up. Since the 70's means he now has nothing in them he blows them out a $5 each. Even selling them well below the guide price, and at less that the slabbing fee, he still clears $500 to $1k[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1412921, member: 66"]Let's take that state quarter example. The price guide says the PF-69 is a $25 coin. What is a PF70 worth? What happens is a dealer preselects a few hundred that he thinks have a chance at getting that 70 and submits them. Now since he is submitting several hundred of the same date mint and type he gets a deal of only say $6 each for the slabbing. Say 5 to 10% get the 70 grade. Those coins pay for the entire submission. The dealer has now broken even and he still has 90% of the coins and say they are split 75% PF 69 and 25% PF 68. But it is going to take forever to sell of a couple hundred PF 69's at $25 each and his money is tied up. Since the 70's means he now has nothing in them he blows them out a $5 each. Even selling them well below the guide price, and at less that the slabbing fee, he still clears $500 to $1k[/QUOTE]
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Getting cheap coins slabbed.
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