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<p>[QUOTE="Conder101, post: 390193, member: 66"]Well I'm not sure I fully understand your example but . . .</p><p><br /></p><p><br /></p><p>OK, you paid $361 plus shipping. Apparently from later comments you are in at a total of $370. You say if it is an XF or an AU you are into it way too high and you will apparently try to send it back for a refund. This will cost you return shipping so youwill show a loss of $18.</p><p><br /></p><p><br /></p><p>Assuming you can find someone willing to buy it raw as an Unc at graysheet. Considering the risk if it didn't come back as Unc and the dealers expense of having to get it slabbed you may find getting that kind of an offer difficult. Even if they do feel it is Unc, with the expense of having it slabbed they may only offer $380 to $390. You make $10 to $20.</p><p><br /></p><p><br /></p><p>This I'm not sure I follow. If you send it in for grading you are now into it around the $390 level, and the AU quote is $300. (for a 58 not a 55) Sounds like a $90 loss not a break even.</p><p><br /></p><p><br /></p><p>Once again I don't follow. If it comes back a 60 you're into it at $390 and sheet is at $415. How does this translate into a $70 - $150 profit?</p><p><br /></p><p><br /></p><p>Could be, I don't know what 62 sheet is so I don't know how well you will do. And as the saying goes, "Sometimes even a blind pig finds an acorn."</p><p><br /></p><p>Then we have to consider what happens if it happens to come back bodybagged for cleaning or a problem (that either you missed, or they imagined). You are into it at $390 and it's now maybe worth XF money. You have a $105 loss.</p><p><br /></p><p>And if it just happens to come back "questionable authenticity" you're into it at $390 and it is worth bullion, currently about $230 for a loss of $160.</p><p><br /></p><p>So as I see it unless you happen to luck into a 62 or better you are looking at a potential upside of $15 -$25 versus a potential downside of $18 - $160 dollars. And you are going to have to win 6 to 9 times for every loss (other than immediate returns which only require a two to one win ratio) to come out significantly ahead.</p><p><br /></p><p>And if the picture you posted is what you are working from I would really be concerned. I can't see how you can tell anything or come to any conclusions from that picture. If I was bidding based on it I would not go higher than XF money. Too much downside risk.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 390193, member: 66"]Well I'm not sure I fully understand your example but . . . OK, you paid $361 plus shipping. Apparently from later comments you are in at a total of $370. You say if it is an XF or an AU you are into it way too high and you will apparently try to send it back for a refund. This will cost you return shipping so youwill show a loss of $18. Assuming you can find someone willing to buy it raw as an Unc at graysheet. Considering the risk if it didn't come back as Unc and the dealers expense of having to get it slabbed you may find getting that kind of an offer difficult. Even if they do feel it is Unc, with the expense of having it slabbed they may only offer $380 to $390. You make $10 to $20. This I'm not sure I follow. If you send it in for grading you are now into it around the $390 level, and the AU quote is $300. (for a 58 not a 55) Sounds like a $90 loss not a break even. Once again I don't follow. If it comes back a 60 you're into it at $390 and sheet is at $415. How does this translate into a $70 - $150 profit? Could be, I don't know what 62 sheet is so I don't know how well you will do. And as the saying goes, "Sometimes even a blind pig finds an acorn." Then we have to consider what happens if it happens to come back bodybagged for cleaning or a problem (that either you missed, or they imagined). You are into it at $390 and it's now maybe worth XF money. You have a $105 loss. And if it just happens to come back "questionable authenticity" you're into it at $390 and it is worth bullion, currently about $230 for a loss of $160. So as I see it unless you happen to luck into a 62 or better you are looking at a potential upside of $15 -$25 versus a potential downside of $18 - $160 dollars. And you are going to have to win 6 to 9 times for every loss (other than immediate returns which only require a two to one win ratio) to come out significantly ahead. And if the picture you posted is what you are working from I would really be concerned. I can't see how you can tell anything or come to any conclusions from that picture. If I was bidding based on it I would not go higher than XF money. Too much downside risk.[/QUOTE]
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