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<p>[QUOTE=&quot;Hobo, post: 329893, member: 11521&quot;]The following coin is on Teletrade&#039;s auction today. <a href="http://www.teletrade.com/coins/lot.asp?auction=2484&amp;lot=1026" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/lot.asp?auction=2484&amp;lot=1026" rel="nofollow">Link to auction</a></p><p>&nbsp;</p><p><a href="http://www.teletrade.com/coins/lot.asp?auction=2484&amp;lot=1026&amp;imagetype=j" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/lot.asp?auction=2484&amp;lot=1026&amp;imagetype=j" rel="nofollow"><img src="http://www.teletrade.com/lotimgs/coins/24/84/c24841026-a.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a></p><p>&nbsp;</p><p>(Mods: I hope it is OK to post the above pic from Teletrade&#039;s site. If not feel free to delete it.)</p><p>&nbsp;</p><p>This coin is a common 1900 Indian Head Cent that has been graded ANACS GD-6 Details Cleaned. A 1900 IHC Grey Sheets $1.20/$1.35 in Good. You can buy rolls of these coins all day long for $60 or $70, less for cleaned coins.</p><p>&nbsp;</p><p>Someone paid at least $12 to have this coin slabbed. Assuming someone buys the coin on Teletrade the minimum seller&#039;s fee will be $5. So the seller has at least $17 in fees to slab and sell a coin that I would not pay more than $1 for. (Don&#039;t forget he also has shipping costs in shipping the coin to and from ANACS and to Teletrade.) </p><p>&nbsp;</p><p>If someone buys this coin on Teletrade the minimum buyer&#039;s fee is $8. Add to that $4.75 shipping for a total of $12.75 over and above his winning bid.</p><p>&nbsp;</p><p>Does $29.75 in fees (seller and buyer) to slab, sell, buy and ship a $1 coin make any sense to anyone?&nbsp; </p><p>&nbsp;</p><p>I don&#039;t get it. Why do people waste good money on such low value coins?[/QUOTE]</p><p><br /></p>

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