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<p>[QUOTE="cpm9ball, post: 2636313, member: 24633"]It has been several years since I stopped submitting coins because of a drastic change in my income, but if I were able to, I would do it the same way.</p><p><br /></p><p>Things really haven't changed that much. Most people are still submitting business strikes from the Mint Sets thinking they get the best coins from those sets. I don't believe that. I've always had better luck with bags. The Mint Sets cost more per coin and you have to order a bunch of them just to break even.</p><p><br /></p><p>You also have to contend with getting other denominations that you may not want to mess with which is a waste of your time and money. I had far better luck just concentrating on one type of coin ($, 50c or 25c) at a time.</p><p><br /></p><p>For example, one of my last submissions was the 2007-P Sac. I submitted 52 from a $250 bag. The cost of the bag was $375 (if I recall correctly), and the NGC tier charge (Modern) was $12.50 per coin. I can't remember exactly what the cost was for shipping and insurance, but it was less than $50 (one way because the coins were submitted at the FUN Show). Fourteen of them came back MS68 (It should have been more but that's another story.) and I sold them for an average of $150 each.</p><p><br /></p><p>To recap, the total cost to me was about $1075. I sold 14 of them for $2100 and I still had $198 left from the bag that I didn't submit.</p><p><br /></p><p>$2298 - $1075 = $1223 (Profit)</p><p><br /></p><p>Granted, the tier charges have since increased somewhat, but if you can search through a Mint bag of one denomination to get the "best of the best", it can be far more profitable than searching the Mint Sets.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 2636313, member: 24633"]It has been several years since I stopped submitting coins because of a drastic change in my income, but if I were able to, I would do it the same way. Things really haven't changed that much. Most people are still submitting business strikes from the Mint Sets thinking they get the best coins from those sets. I don't believe that. I've always had better luck with bags. The Mint Sets cost more per coin and you have to order a bunch of them just to break even. You also have to contend with getting other denominations that you may not want to mess with which is a waste of your time and money. I had far better luck just concentrating on one type of coin ($, 50c or 25c) at a time. For example, one of my last submissions was the 2007-P Sac. I submitted 52 from a $250 bag. The cost of the bag was $375 (if I recall correctly), and the NGC tier charge (Modern) was $12.50 per coin. I can't remember exactly what the cost was for shipping and insurance, but it was less than $50 (one way because the coins were submitted at the FUN Show). Fourteen of them came back MS68 (It should have been more but that's another story.) and I sold them for an average of $150 each. To recap, the total cost to me was about $1075. I sold 14 of them for $2100 and I still had $198 left from the bag that I didn't submit. $2298 - $1075 = $1223 (Profit) Granted, the tier charges have since increased somewhat, but if you can search through a Mint bag of one denomination to get the "best of the best", it can be far more profitable than searching the Mint Sets. Chris[/QUOTE]
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