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<p>[QUOTE="quarter-back, post: 1981354, member: 47022"]Actually, I really was not thinking of random, but rather, a situation that apparently occurs frequently - resubmission until the desired grade is acquired, and when to give up. One thing I am assuming is that the greater the price jump, the longer people will keep trying. Eventually, it reaches a point where the cost of further submission becomes counter-productive. My bet is that the coins and grades with the greatest price bump, will have less accurate accurate figures on the low end. In other words, if a 64 to 65 bump is large, the 65 population numbers should be pretty accurate, but the 64 population values will be skewed toward the high end. Take the 32D quarter. PCGS lists a 64 at $3850 for a "+" coin and $11,500 for a regular 65. Assuming $50 a pop for re-submission, one could resubmit the coin 100 times and still make a $2600 profit if it bumped on the 100th try. Given the inconsistencies in the grading that have been discussed here frequently, I would think that many people would do at least 10 resubmissions before giving up. Recall the number of posts describing upgrades, sometimes after three or four tries, of various sorts in posts over the past year. I don't think the supply of candidates for resubmission has dried up yet.[/QUOTE]</p><p><br /></p>
[QUOTE="quarter-back, post: 1981354, member: 47022"]Actually, I really was not thinking of random, but rather, a situation that apparently occurs frequently - resubmission until the desired grade is acquired, and when to give up. One thing I am assuming is that the greater the price jump, the longer people will keep trying. Eventually, it reaches a point where the cost of further submission becomes counter-productive. My bet is that the coins and grades with the greatest price bump, will have less accurate accurate figures on the low end. In other words, if a 64 to 65 bump is large, the 65 population numbers should be pretty accurate, but the 64 population values will be skewed toward the high end. Take the 32D quarter. PCGS lists a 64 at $3850 for a "+" coin and $11,500 for a regular 65. Assuming $50 a pop for re-submission, one could resubmit the coin 100 times and still make a $2600 profit if it bumped on the 100th try. Given the inconsistencies in the grading that have been discussed here frequently, I would think that many people would do at least 10 resubmissions before giving up. Recall the number of posts describing upgrades, sometimes after three or four tries, of various sorts in posts over the past year. I don't think the supply of candidates for resubmission has dried up yet.[/QUOTE]
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