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<p>[QUOTE=&quot;GDJMSP, post: 1797200, member: 112&quot;]When I read your first post you had me thinking about something entirely different than what you explained in your next post. But to answer your question about whether or not dealers search new rolls, some do and some don&#039;t. But before I explain that I think I need to mention a few other things so as not to give some folks the wrong idea.</p><p>&nbsp;</p><p>Most dealers don&#039;t even sell modern coins struck for circulation. Bullion coins are a bit different, a lot of dealers sell them but they sell them only as bullion and would not even dream of sending them in for grading.</p><p>&nbsp;</p><p>But since there is a small niche of collectors out there who like to collect modern bullion coins that have been graded there are some dealers, just not a whole lot of them, who will send them in for grading. The same is true with moderns struck for circulation and modern Mint &amp; Proof sets.</p><p>&nbsp;</p><p>There are two ways they go about doing this. 1 - some of them will search through rolls and/or bags, pick out the best examples and send them in for grading. 2 - they will just buy a bunch of the coins, send them all in but specify a minimum grade. When they do this only those coins that meet that minimum grade requirement are graded and slabbed and the others are returned to the submitter ungraded and&nbsp; not slabbed.</p><p>&nbsp;</p><p>As to how they can afford to do this, it&#039;s like any other business decision. With bullion coins yes they lose money on the coins that do not grade 70. But by sending in huge numbers of the coins they get a discount on grading fees. And they know that there are enough people out there who will overpay for the 70&#039;s to cover their expenses and provide a profit. And it&#039;s much easier to do that today than it was even a few years ago because today and much larger percentage of the coins are graded as 70&#039;s. In many cases the majority of them and sometimes a large majority are graded as 70&#039;s. A quick look at the pop reports will show you this.</p><p>&nbsp;</p><p>With coins struck for circulation and Mint/Proof sets things are a bit different but the principles are the same. In some cases a 67 is about the best you can hope for, in others it will be a 68 or 69. And there are some 70&#039;s given. But things work out the same, they make enough on the higher graded coins to pay for all the rest.[/QUOTE]</p><p><br /></p>

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