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Myth or Not? Do dealers cherry pick mint rolls?
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<p>[QUOTE="purple88, post: 1797184, member: 56032"]<font face="georgia"><font size="3">I certainly agree with you when it comes to a collection or "unsearched rolls".</font></font></p><p> </p><p><span style="color: #333333"><font size="3"><font face="georgia">But let's apply this scenario to modern freshly minted coins.</font></font></span></p><p><font face="Verdana"><span style="color: #333333"><font face="georgia"><font size="3">This trend of modern semi-numis being slabbed by the boatload. I'll use a 2013 Panda as an example. Single coin in OMP retail is $30... MS-69 it's $40 and an MS-70 is $55. I know the TPG have introduced reduced price grading services for modern coins but even at the reduced rate, a volume discount, shipping and handling, and then the marketing and overhead a dealer must pay how do they make any real profit? </font></font></span></font></p><p><font face="Verdana"><span style="color: #333333"><font face="georgia"><font size="3">I know they get the coins at wholesale but even then 7 out of 10 coins they submit would have to come back MS-70 and the other three as MS-69s. Do they cherry pick mint rolls? </font></font></span></font></p><p><font face="Verdana"><span style="color: #333333"><font face="georgia"><font size="3"> Have a crew go through each mint roll and examine each coin to only select the "best" for grading? And the others go up on eBay or are sold on there websites to retail customers?</font></font></span></font></p><p><font face="Verdana"><span style="color: #333333"><font face="georgia"><font size="3">A modern minted coin in a mint roll fresh from the mint should automatically already be an MS-69 or MS-70. For goodness sake it's brand new and has never been handled.</font></font></span></font>[/QUOTE]</p><p><br /></p>
[QUOTE="purple88, post: 1797184, member: 56032"][FONT=georgia][SIZE=3]I certainly agree with you when it comes to a collection or "unsearched rolls".[/SIZE][/FONT] [COLOR=#333333][SIZE=3][FONT=georgia]But let's apply this scenario to modern freshly minted coins.[/FONT][/SIZE][/COLOR] [FONT=Verdana][COLOR=#333333][FONT=georgia][SIZE=3]This trend of modern semi-numis being slabbed by the boatload. I'll use a 2013 Panda as an example. Single coin in OMP retail is $30... MS-69 it's $40 and an MS-70 is $55. I know the TPG have introduced reduced price grading services for modern coins but even at the reduced rate, a volume discount, shipping and handling, and then the marketing and overhead a dealer must pay how do they make any real profit? [/SIZE][/FONT][/COLOR][/FONT] [FONT=Verdana][COLOR=#333333][FONT=georgia][SIZE=3]I know they get the coins at wholesale but even then 7 out of 10 coins they submit would have to come back MS-70 and the other three as MS-69s. Do they cherry pick mint rolls? [/SIZE][/FONT][/COLOR][/FONT] [FONT=Verdana][COLOR=#333333][FONT=georgia][SIZE=3] Have a crew go through each mint roll and examine each coin to only select the "best" for grading? And the others go up on eBay or are sold on there websites to retail customers?[/SIZE][/FONT][/COLOR][/FONT] [FONT=Verdana][COLOR=#333333][FONT=georgia][SIZE=3]A modern minted coin in a mint roll fresh from the mint should automatically already be an MS-69 or MS-70. For goodness sake it's brand new and has never been handled.[/SIZE][/FONT][/COLOR][/FONT][/QUOTE]
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