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<p>[QUOTE=&quot;brg5658, post: 1959307, member: 29751&quot;]I don&#039;t think it&#039;s as &quot;dramatic&quot; as you suggest.</p><p><br /></p><p>Firstly, the majority of those coins in the first 200 are from a handful of large volume sellers.&nbsp; They don&#039;t pay the same price you and I do for certification of coins -- they get discounts for large submissions and they ship many (sometimes hundreds of) coins in some submissions such that shipping / insurance almost become negligible on a per coin basis.&nbsp; Remember, these high volume sellers on eBay also aren&#039;t paying 10% eBay fees per transaction -- most are paying I think 6% if they have an eBay store.</p><p><br /></p><p>Secondly, many of the coins being slabbed and sold that are selling at these low prices are themselves very inexpensive (as you already noted).&nbsp; If you take a look at the sellers, they often have 2 or more of the same coin graded -- and the ones with higher grades do sell for higher prices -- so someone is paying attention to the TPG holders (even if you and I both don&#039;t really care about the difference between a PF68UC and a PF66UC modern Russian clad proof).</p><p><br /></p><p>Lastly, again because most of these coins are sold by high volume sellers, they can afford to sell many coins for less than their investment in them so long as their overall sell-through is above and beyond their costs.&nbsp; The higher price tag items likely more than make up for the few items they sell at a loss.</p><p><br /></p><p>As a buyer, I&#039;m actually loving these kinds of sellers.&nbsp; I can sometimes find an example of an obscure modern coin slabbed and pay less than a raw example in original packaging.&nbsp; To include items like this in my custom NGC registry set (which requires that coins be certified by NGC or PCGS), these sellers save me the cost of having to submit these items to NGC for certifications myself.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Here&#039;s a nice recent coin I picked up for $27.&nbsp; I have dozens of coins in the range of what certification would cost alone.</p><p><br /></p><p><img src="http://i1202.photobucket.com/albums/bb364/brg5658/Photography-4/1993R_Italy_500L_DeathOfHorace_NGC_MS69_composite_zps842facff.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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