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<p>[QUOTE="Mark Feld, post: 328960, member: 11467"]Your point/argument that if I haven't heard of it , how can I be sure it's incorrect, makes no sense. I haven't heard of 5c or 10c per coin grading fees either, yet I also know that would be incorrect. And I never said that people paid $15 for bulk submissions of "common coins".</p><p> </p><p>More relevant, however, is the fact that I worked at NGC full time for 7 years, so I have some idea of what the materials cost, as well as the lowest grading fees that were charged, even to the largest submitters. I also know many large submitters and none of them get fees even remotely approaching as low as $1/coin - perhaps approximately $8-$10 per coin, but either way, your figure of $1 is way off. Frankly, you threw out a ridiculously low number based on pure speculation, and it was way off. </p><p> </p><p>Lastly, many people do end up paying more to have their coins certified than they are "worth" after slabbing. Some do it because they are unknowledgeable and guess wrong about the grades that their coins will receive. Others, who are experts, submit bulk groups knowing that they will lose money on coins that grade a particular grade or less, but that that will be made up for by the ones which grade higher.[/QUOTE]</p><p><br /></p>
[QUOTE="Mark Feld, post: 328960, member: 11467"]Your point/argument that if I haven't heard of it , how can I be sure it's incorrect, makes no sense. I haven't heard of 5c or 10c per coin grading fees either, yet I also know that would be incorrect. And I never said that people paid $15 for bulk submissions of "common coins". More relevant, however, is the fact that I worked at NGC full time for 7 years, so I have some idea of what the materials cost, as well as the lowest grading fees that were charged, even to the largest submitters. I also know many large submitters and none of them get fees even remotely approaching as low as $1/coin - perhaps approximately $8-$10 per coin, but either way, your figure of $1 is way off. Frankly, you threw out a ridiculously low number based on pure speculation, and it was way off. Lastly, many people do end up paying more to have their coins certified than they are "worth" after slabbing. Some do it because they are unknowledgeable and guess wrong about the grades that their coins will receive. Others, who are experts, submit bulk groups knowing that they will lose money on coins that grade a particular grade or less, but that that will be made up for by the ones which grade higher.[/QUOTE]
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