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<p>[QUOTE=&quot;johnmilton, post: 24810575, member: 101855&quot;]If you are going to survive in the coin business as a dealer, you have to be able to grade coins. Even when pieces have been certified, all slab grades are not the same. Some coins, with the same assigned grade, are better than others. The better coins are worth more than the lesser examples for the grade. </p><p><br /></p><p>A dealer has to grade the coin before he or she sends it in for grading. He might not get the grade exactly, but it has to be close. Given the high costs of grading and shipping fees, I think that a piece has to be worth at least $500 to be worthwhile for grading. If there are still bulk grading deals left, it might be less. </p><p><br /></p><p>I knew a dealer who couldn’t grade coins who thought he could succeed by buying and selling using the numbers on the slabs. He was out of business within a few months. Many of the coins he bought to sell were “low end” for the grade. He couldn’t sell them to make money, in fact he lost money. </p><p><br /></p><p>When grading started, some thought that buying coins would be like buying cans of Campbell’s soup. Every can was the same. It has not and never will work that way.[/QUOTE]</p><p><br /></p>

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