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How much does a PCGS grade add to a coins value?
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<p>[QUOTE="oz_in_ohio, post: 3187000, member: 89534"]Speaking as a retired coin and stamp dealer from Australia ( 1977 - 2011 ) , there is no way in the world that any dealer will buy at 80% unless they can flick it off immediately with a local phone call....Reasoning is as follws:</p><p>1. Wages to pay himself or herself and staff</p><p>2. Rent on premises , phone and business advertising</p><p>3. The running of a company car if applicable</p><p>4. Rent of stalls if attending collectibles shows , lunches for workers, air fares</p><p> if coming from interstate, acomodation expenses etc etc etc.</p><p><br /></p><p>All these cannot be paid and make a profit on 20% markup...Buying price tht i have experienced is approx 40 % - 60% of retail if buying singl items....If it is a huge mixed collection, then it may go much less as dealers have to pay staff to do all the </p><p>research and there is a possiblity of no gems in there..... Personally i attended stamp and coin shows in Australia and i sold on my table nothing over $1 or any 12 items for $10.00..... The other dealers did not like it as collectors in general are parasites and only go for cheap prices...The item can be of no value at all to them and not what they collect but when they see an item priced at $.50 in the $1 bin, they cannot help themselves....I know you people out there are going to disagree with me but you know for a fact it is true....Have a nice day...OIO[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 3187000, member: 89534"]Speaking as a retired coin and stamp dealer from Australia ( 1977 - 2011 ) , there is no way in the world that any dealer will buy at 80% unless they can flick it off immediately with a local phone call....Reasoning is as follws: 1. Wages to pay himself or herself and staff 2. Rent on premises , phone and business advertising 3. The running of a company car if applicable 4. Rent of stalls if attending collectibles shows , lunches for workers, air fares if coming from interstate, acomodation expenses etc etc etc. All these cannot be paid and make a profit on 20% markup...Buying price tht i have experienced is approx 40 % - 60% of retail if buying singl items....If it is a huge mixed collection, then it may go much less as dealers have to pay staff to do all the research and there is a possiblity of no gems in there..... Personally i attended stamp and coin shows in Australia and i sold on my table nothing over $1 or any 12 items for $10.00..... The other dealers did not like it as collectors in general are parasites and only go for cheap prices...The item can be of no value at all to them and not what they collect but when they see an item priced at $.50 in the $1 bin, they cannot help themselves....I know you people out there are going to disagree with me but you know for a fact it is true....Have a nice day...OIO[/QUOTE]
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How much does a PCGS grade add to a coins value?
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