Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Slabbing Moderns?
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1847599, member: 112"]Yeah the gold coin may be worth hundreds of dollars. But if you took a hammer and beat into a ball shape - it would still be worth the same number of dollars. That's because the coin has no numismatic value, it only has metal content value. That's why it's not worth spending another $40 or more to have it graded. That $40 just increases your cost basis and adds nothing to the value of the coin.</p><p><br /></p><p>Grading never adds any value to a coin. All it does is make them easier to sell.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, as stated by others many of the coins you are talking about come to be from dealers making bulk submissions. But countless others come from dealers and private individuals sending in coins to be graded because they think the coin will get a 70 grade. But they are greatly disappointed when it is returned with a 69 or lower. At that point there's nothing they can do except to sell the coin at a loss and get whatever they can out of it. Even it's only a dollar or two.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1847599, member: 112"]Yeah the gold coin may be worth hundreds of dollars. But if you took a hammer and beat into a ball shape - it would still be worth the same number of dollars. That's because the coin has no numismatic value, it only has metal content value. That's why it's not worth spending another $40 or more to have it graded. That $40 just increases your cost basis and adds nothing to the value of the coin. Grading never adds any value to a coin. All it does is make them easier to sell. Yes, as stated by others many of the coins you are talking about come to be from dealers making bulk submissions. But countless others come from dealers and private individuals sending in coins to be graded because they think the coin will get a 70 grade. But they are greatly disappointed when it is returned with a 69 or lower. At that point there's nothing they can do except to sell the coin at a loss and get whatever they can out of it. Even it's only a dollar or two.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Slabbing Moderns?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...