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<p>[QUOTE="dougsmit, post: 7844302, member: 19463"]I see it a fair question if the coin has any effect on the value of the unit or if the deciding factor is the label. In modern coins, people have determined that it is worth their while to resubmit 'slider' 63's to get a few 64's. The coin is the same but the price goes up more than the submission fee. No one will be resubmitting MS 5/5 5/5 coins but the $8k coins suggests that buying $800 bulk coins and submitting them for a percentage higher grade return could be money making. Should people be cautious? Certainly. Should they go so far as to learn about the coins or employ an agent who might tell a winner from a loser? Why do that? After all the label clearly reads 'perfect' even if that was not the intent of the grader. All 5's are equal but some 5's are more equal than others. I really don't care if people with more money than sense get good advice or place their bets randomly. A new specialty in our hobby might be buying coins we can document previously sold for twice what we paid. Vest pocket dealers need love, too. What would YOU pay for that $8k coin. Who will give that buyer a profit?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 7844302, member: 19463"]I see it a fair question if the coin has any effect on the value of the unit or if the deciding factor is the label. In modern coins, people have determined that it is worth their while to resubmit 'slider' 63's to get a few 64's. The coin is the same but the price goes up more than the submission fee. No one will be resubmitting MS 5/5 5/5 coins but the $8k coins suggests that buying $800 bulk coins and submitting them for a percentage higher grade return could be money making. Should people be cautious? Certainly. Should they go so far as to learn about the coins or employ an agent who might tell a winner from a loser? Why do that? After all the label clearly reads 'perfect' even if that was not the intent of the grader. All 5's are equal but some 5's are more equal than others. I really don't care if people with more money than sense get good advice or place their bets randomly. A new specialty in our hobby might be buying coins we can document previously sold for twice what we paid. Vest pocket dealers need love, too. What would YOU pay for that $8k coin. Who will give that buyer a profit?[/QUOTE]
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