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Worth sending in to be slabbed?
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<p>[QUOTE="900fine, post: 292350, member: 6036"]I submit to NGC from time to time, but have never joined. I joined ANA, and that gives submission privileges to NGC / NCS.</p><p> </p><p>For some coins, the cost of grading simply doesn't warrant submission. For instance, common date Morgans in low MS. Why submit a $20 coin for $30 grading fee ? It still sells for $20 slabbed or not.</p><p> </p><p>In your case, the 8 submissions are "free". But are they ? Not really.</p><p> </p><p>Take the cost of joining ($99) and divide by 8 submissions - that's about <b>$12.50 per coin</b>. Add in the cost of postage there and back (maybe $20). In reality, you're investing about $120.</p><p> </p><p>So what's the market value of the coins ? Grade 'em yourself and see. In my mind, they should be worth at least 3x the cost of grading, or $360.</p><p> </p><p>Also... why slab at all ? What's the "value add" ? Well, it makes 'em more marketable - saleable at Heritage and Teletrade, for one.</p><p> </p><p>It also gives the buyer confidence that they aren't altered, cleaned, or counterfeit. But late date Lincolns don't suffer much from those problems.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 292350, member: 6036"]I submit to NGC from time to time, but have never joined. I joined ANA, and that gives submission privileges to NGC / NCS. For some coins, the cost of grading simply doesn't warrant submission. For instance, common date Morgans in low MS. Why submit a $20 coin for $30 grading fee ? It still sells for $20 slabbed or not. In your case, the 8 submissions are "free". But are they ? Not really. Take the cost of joining ($99) and divide by 8 submissions - that's about [B]$12.50 per coin[/B]. Add in the cost of postage there and back (maybe $20). In reality, you're investing about $120. So what's the market value of the coins ? Grade 'em yourself and see. In my mind, they should be worth at least 3x the cost of grading, or $360. Also... why slab at all ? What's the "value add" ? Well, it makes 'em more marketable - saleable at Heritage and Teletrade, for one. It also gives the buyer confidence that they aren't altered, cleaned, or counterfeit. But late date Lincolns don't suffer much from those problems.[/QUOTE]
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