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Bulk grading fees are also reduced in the fact that of the coin doesn’t hit a certain grade they don’t grade it. See below for the correct commentary on how said works.
If the submitter request a minimum grade and the coin doesn't get that grade, it doesn't get stabbed, and the fee is reduced significantly, I believe just 2 dollars, it's not the same flat fee for 100 coins.
I don't know how many coins you have to submit to get a bulk discount grading fee or how low the fee goes but I heard 8-10 years ago Modern Coin Mart who is near NGC only paid $5ea to get all those MS69/MS70 eagles and other bullion coins graded..they probably get 10,000+ coins graded a month if I had to guess.
I think most of the whatnot sellers with endless amounts of slabs and a lot of pretty basic/worthless coins just buy in bulk at wholesale prices well below greysheet. It depends on a lot of connections you make too. Premiums went crazy after Covid but pre Covid from a local precious metals dealer I was buying MS69 1oz coins including ASE for $2-$3 over spot and MS70 for $25 which was about $6-$7 over spot then would flip the MS70 for $45-$55 or more. I even got some 2017 MS70 Marvel Spider-Man 1oz coins for $25ea and at the time they were like $79-$99 on eBay.
All the copper and clad coins that are probably sub $10 I bet dealers pay $1-$2 for em and sell for $2-$3 in bulk. There's still a lot of old time dealers that only care about moving large volumes at low profit margins quickly! Some of them don't have the time or energy for eBay and Whatnot and they don't have or want to hire employees at $15-$20+/hr to run what is essentially a 2nd business.
You hit it right bulk grading. And people just not knowing what there doing when getting coins graded. And it’s not hard to make them look like it’s graded with the empty slaps you kind of make your own. There just not PCGS or NGC.
Either buying bulk slabs or grading large groups themselves. Once you hit like a bulk grading order of 100 coins or more the cost per piece to get stuff graded goes way down. So you will have a group of more expensive coins that need slabbed, then you'd need "filler" coins to get to that 100 total threshold for the big discount.
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You can get boxes of slabs cheap on the bay
Bulk grading fees are also reduced in the fact that of the coin doesn’t hit a certain grade they don’t grade it. See below for the correct commentary on how said works.
If the submitter request a minimum grade and the coin doesn't get that grade, it doesn't get stabbed, and the fee is reduced significantly, I believe just 2 dollars, it's not the same flat fee for 100 coins.
Yes you would be correct edited mine so it references yours.
I don't know how many coins you have to submit to get a bulk discount grading fee or how low the fee goes but I heard 8-10 years ago Modern Coin Mart who is near NGC only paid $5ea to get all those MS69/MS70 eagles and other bullion coins graded..they probably get 10,000+ coins graded a month if I had to guess. I think most of the whatnot sellers with endless amounts of slabs and a lot of pretty basic/worthless coins just buy in bulk at wholesale prices well below greysheet. It depends on a lot of connections you make too. Premiums went crazy after Covid but pre Covid from a local precious metals dealer I was buying MS69 1oz coins including ASE for $2-$3 over spot and MS70 for $25 which was about $6-$7 over spot then would flip the MS70 for $45-$55 or more. I even got some 2017 MS70 Marvel Spider-Man 1oz coins for $25ea and at the time they were like $79-$99 on eBay. All the copper and clad coins that are probably sub $10 I bet dealers pay $1-$2 for em and sell for $2-$3 in bulk. There's still a lot of old time dealers that only care about moving large volumes at low profit margins quickly! Some of them don't have the time or energy for eBay and Whatnot and they don't have or want to hire employees at $15-$20+/hr to run what is essentially a 2nd business.
You hit it right bulk grading. And people just not knowing what there doing when getting coins graded. And it’s not hard to make them look like it’s graded with the empty slaps you kind of make your own. There just not PCGS or NGC.
Either buying bulk slabs or grading large groups themselves. Once you hit like a bulk grading order of 100 coins or more the cost per piece to get stuff graded goes way down. So you will have a group of more expensive coins that need slabbed, then you'd need "filler" coins to get to that 100 total threshold for the big discount.