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<p>[QUOTE="Bill in Burl, post: 1413723, member: 23692"]Granted, dealers can bulk submit a large group at one time and get the individual cost down to well less than $10 each. However, I don't think that that is how so many worthless (or almost so) coins are showing up in slabs. It starts with GDJMSP's statement that very few people know how to grade (or even close). And then, these same nongraders are duped into believing that they HAVE to have their coins certified to be worthy of being in a collection.... and that comes partially from bad or ill-gotten advise from some coin websites. Couple that with the visions of sugarplums dancing before their eyes when they see a potentially nice coin ... and then whamo, TPG fever sets in. They look in the "book" and see that their coin (purchased for $80) is worth $200, in spite of the fact that he's actually missed the grade by 3-5 points. Their $200 coin, honestly graded, is now only worth $30 because his grading stinks . Because the "book" that he referenced is a retail guide, the $30 book price can be bought on the open market or Ebay for $10 and he has now already spent $25 to have the bad news readable through plastic. The end result is that the non-grader/newbie is out of pocket $105 (plus postage) for what he thought was a $200 coin and is only worth $10. For dealers and for people who have very valuable collections, or who have heirs that really know nothing about coins or who don't have access to a climate-controlled space, then TPG is the way to go for those few. But way way too many people have been brain-washed into thinking that all coins need to be certified to be "worthy" of being collected. Nothing is further from the truth, but the propaganda that floats around on the coin sites and from the TPG's themselves somehow turns some folk's grey matter to mush, enticing them to throw $25 at $5-$10 coins. And then they keep shooting themselves in the foot because it feels so good .. then only their heirs can see the stupid monetary choices that he has made, once he's looking at the underside of the sod and the wife's trying to resell them after the fact.[/QUOTE]</p><p><br /></p>
[QUOTE="Bill in Burl, post: 1413723, member: 23692"]Granted, dealers can bulk submit a large group at one time and get the individual cost down to well less than $10 each. However, I don't think that that is how so many worthless (or almost so) coins are showing up in slabs. It starts with GDJMSP's statement that very few people know how to grade (or even close). And then, these same nongraders are duped into believing that they HAVE to have their coins certified to be worthy of being in a collection.... and that comes partially from bad or ill-gotten advise from some coin websites. Couple that with the visions of sugarplums dancing before their eyes when they see a potentially nice coin ... and then whamo, TPG fever sets in. They look in the "book" and see that their coin (purchased for $80) is worth $200, in spite of the fact that he's actually missed the grade by 3-5 points. Their $200 coin, honestly graded, is now only worth $30 because his grading stinks . Because the "book" that he referenced is a retail guide, the $30 book price can be bought on the open market or Ebay for $10 and he has now already spent $25 to have the bad news readable through plastic. The end result is that the non-grader/newbie is out of pocket $105 (plus postage) for what he thought was a $200 coin and is only worth $10. For dealers and for people who have very valuable collections, or who have heirs that really know nothing about coins or who don't have access to a climate-controlled space, then TPG is the way to go for those few. But way way too many people have been brain-washed into thinking that all coins need to be certified to be "worthy" of being collected. Nothing is further from the truth, but the propaganda that floats around on the coin sites and from the TPG's themselves somehow turns some folk's grey matter to mush, enticing them to throw $25 at $5-$10 coins. And then they keep shooting themselves in the foot because it feels so good .. then only their heirs can see the stupid monetary choices that he has made, once he's looking at the underside of the sod and the wife's trying to resell them after the fact.[/QUOTE]
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Getting cheap coins slabbed.
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