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<p>[QUOTE=&quot;gmarguli, post: 309178, member: 246&quot;]The market has clearly changed with respect to moderns over the past 20 years. Early on there were far fewer people willing to pay a strong premium for slabbed moderns. One grading service went as far as to ban their submission. TeleTrade refused to sell them for some time. There were no Internet sales. Most local dealers laughed at them and would not buy them from customers, so there was little-to-no market for them. Grading fees were also higher. If you wanted a modern coin slabbed, you needed to pay $22-$25 to have it graded. You also needed to go thru an authorized dealer, of which there were far fewer than today.</p><p><br /></p><p>Today, everything is much simpler and cheaper. If you want them graded you do not need an authorized dealer. Costs are $6-$12 for slabbing. You can sell them on eBay, TeleTrade, and a host of other sites. Dealers will buy them more than in the past. Bulk submissions have also been introduced. Instead of having to pay for every coin submitted no matter how poorly it grades, you can only pay for those that meet your minimum grade and even then the submission costs are significantly lower.</p><p><br /></p><p>Also, quality levels have drastically changed. 20 years ago if you wanted to get high grades, you actually had to know how to grade and look thru sets for the nice coins. Today, you just place an order for a large quantity of sets from the Mint and ship them off to a TPG without looking at them. A few days later you get them back in shiny slabs. Today, anyone can do it and if you know the game, you can make money. </p><p><br /></p><p>As for gold Buffalos, there is a large group of people who are willing to pay a small premium for the coin in a slab. You&#039;re talking an $800 intrinsic value. Add a $20 premium for the numismatic value. To get it slabbed you&#039;re looking at $6-$12 more. The big submitters submit in massive quantities and they know they&#039;re going to get a bunch of MS70s that will bring more than the cost back. The MS69s can still bring a minor premium. </p><p><br /></p><p>The census numbers are available for the gold Buffalos at NGC. They&#039;re listed in the Gold Eagles section. </p><p><br /></p><p>I do not believe you will find a coin for sale at the Mint that will <i>not</i> be heavily submitted. Too many people know the game and as more people figure out how to play it properly, more and more coins are going to be submitted.[/QUOTE]</p><p><br /></p>

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