CLOSED Shameless Self Promotion - 1952 Shilling in PCGS MS66

[emu666]

Would it be fair to say that PPH, WWWW etc lose on the majority of coins that they slab but make it up on the ones like this shilling?

No.

And yet I see more slabbed pre decimals sell for sub $40 than above $40. For example on Numisbid of 202 QEII sixpences sold in PCGS slabs only 80 coins made $40 or more. Plenty sold below $20 and some were a steal (1962 MS65 for $7.50 or 1958 MS63 for $1.50).
So alot of people are getting it wrong in selecting coins to slab, but like racehorses you only need to pick a few winners to recoup on the wrong punts.

You are incorrect.


Every day at work I select coins to be sent to PCGS.
For obvious commercial reasons I am not at liberty to disclose what percentage we make a profit on or the way we decide what to send and how they arwe sent but can assure you there are very few coins we lose on.

We can actually just break even on selling a late date sixpence for $20. If it had been submitted two years ago we would have made a small profit.

By the way

YOU ARE INCORRECT

[trout]

Every day at work I select coins to be sent to PCGS.

From what you have shown us of your Slabbed Dollar coin collection I say you select rather well Mate :yahoo:

[robbiegal]

If a dealer gets it wrong too many times they will go hungry.

I would think that there are FAR more collectors driving about in "Flash" Cars than Dealers do :ok:

hummmm or local coin dealer owns ... what it is now? 6 houses?

[nealeffendi]

We can actually just break even on selling a late date sixpence for $20. If it had been submitted two years ago we would have made a small profit.

By the way

YOU ARE INCORRECT

Didn't know emus could shout (Yeah, I know I can be a grating bugger).
 Between buying the raw coins, paying overheads, registered post and insurance (both to/from California) you/Stuart Anderson must be getting a good bulk rate on slabbing to break even at $20.
At that rate ($20) over a quarter of the QEII sixpences still come up in the red on Numisbid. I'll take both PPH and our word that your selection batting average is much better than that; I'm also confident that Walter is also very experienced at choosing the right coins to slab. But SOMEBODY has to be getting it wrong because I've had no difficulty in picking up nice QEII slabs for less than $20 on fleabay and dozens of other buyers have done the same at Numisbid.
I see plenty of coins make under $20 in a decent grade and just a grade higher they are over $100. It's a numbers game and the seller of a sub $20 coin will more than recoup his loss on another similar coin that grades slightly higher.
BTW I am surprised that coins that were slabbed over 2 years ago can be profitable at sub $20. Even if the slabbing was effectively cheaper then (especially as the AUD was above parity) the opportunity cost (or interest) on the tied up funds cuts that benefit down.

[trout]

Didn't know emus could shout (Yeah, I know I can be a grating bugger).
 Between buying the raw coins, paying overheads, registered post and insurance (both to/from California) you/Stuart Anderson must be getting a good bulk rate on slabbing to break even at $20.
 At that rate ($20) over a quarter of the QEII sixpences still come up in the red on Numisbid. I'll take both PPH and our word that your selection batting average is much better than that; I'm also confident that Walter is also very experienced at choosing the right coins to slab. But SOMEBODY has to be getting it wrong because I've had no difficulty in picking up nice QEII slabs for less than $20 on fleabay and dozens of other buyers have done the same at Numisbid.
 I see plenty of coins make under $20 in a decent grade and just a grade higher they are over $100. It's a numbers game and the seller of a sub $20 coin will more than recoup his loss on another similar coin that grades slightly higher.
 BTW I am surprised that coins that were slabbed over 2 years ago can be profitable at sub $20. Even if the slabbing was effectively cheaper then (especially as the AUD was above parity) the opportunity cost (or interest) on the tied up funds cuts that benefit down.

Economy without the pic's is $20 per coin and Modern without the pic's is $16 per coin I imagine that these would average out to be $20 with the postage if sent in large submissions (The more you send the cheaper the postage per coin) :ok:
I am an absolute novice at the "Slabbing game" but I haven't fallen down a hole yet and have sent well over 100 coins away in the last 8 months.
I may have an angel looking over my shoulder because I have actually made a few quid doing this.
I used to spend $1500 - $2000 per month of my own money on coins , I still spend a few quid but nowhere near as much because the money I derive from selling a few slabs subsidises my coin affliction.
Anyway it is a hell of a lot of fun doing it :yahoo:
I still add to my collections all the time and this way I get to "Cherry pick" as well :dance2:
Getting back to the original post.
I recon this is a  $50 coin any day and was unfortunate to not to get a MS66 grade :ok:

[robbiegal]

yes I am surprised that runway hasn't popped into remind us about topics!

you're slippin runway - hop to it!!

[trout]

Getting back to the original post.
 I recon this is a $50 coin any day and was unfortunate to not to get a MS66 grade Ok

Looking at the wrong coin:blush:
This is the one I meant
http://www.thepurplepenny.com/1000,australia-1962-shilling-1s-gem-uncirculated-pcgs-ms65.html

[emu666]

Getting back to the original post.
 I recon this is a $50 coin any day and was unfortunate to not to get a MS66 grade Ok

Looking at the wrong coin:blush:
This is the one I meant
http://www.thepurplepenny.com/1000,australia-1962-shilling-1s-gem-uncirculated-pcgs-ms65.html

You are a brave man to attempt to grade a coin of that high a grade from a photograph.

[trout]

I have a MS66 1962 shilling and PP's coin looks pretty much the same as mine :ok:
http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2628282-010

[emu666]

The photograph is taken from just one angle. It can miss nasties such as a hairline scratch or two which you would pick up by looking at the coin from different angles. For that you need to have the coin in hand.

[markn]

I have a MS66 1962 shilling and PP's coin looks pretty much the same as mine :ok:
http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2628282-010

NGC and PCGS do not grade the same way.  Do not make the mistake of comparing the two and expecting a 1 to 1 relationship.  That isn't me saying that, that's the market.  The general perception is that NGC does not grade as harshly as PCGS.

[trout]

The photograph is taken from just one angle. It can miss nasties such as a hairline scratch or two which you would pick up by looking at the coin from different angles. For that you need to have the coin in hand.

I intend to do just that :angel:

[emu666]

The photograph is taken from just one angle. It can miss nasties such as a hairline scratch or two which you would pick up by looking at the coin from different angles. For that you need to have the coin in hand.

I intend to do just that :angel:

Congratulations.

The coin does look pretty.

[trout]

Congratulations.

 The coin does look pretty.

It will also be an outstanding way to check how the 2 TPG's grade as well :good:

[trout]

NGC and PCGS do not grade the same way. Do not make the mistake of comparing the two and expecting a 1 to 1 relationship. That isn't me saying that, that's the market. The general perception is that NGC does not grade as harshly as PCGS.

This why it is a great opportunity for me personally to test that theory by looking at the 2 coins side by side.
If they are identical quality coins then I will have to agree with you But if the MS65 coin is not as nice as the MS66 coin then that would make the 2 companies on a par.
As these are totally random coins I would think this is a far test.

I have tested NGC out previously by sending a 1938 Crown graded AU58 by PCGS that I "Cracked out" and it came back in an NGC slab as AU58
To be totally fair with the appraisal of these two coins I suggest that after I have had a good squiz at these coins, I send them to Mark so that He can make his decision then he sends them to Emu for his appraisal.

After everyone has had a good look at them and if Emu is willing It would be nice if Emu could sell them and send the funds to Ozcoins for his "Beyond Blue" Project.
These are the 2 coins we are talking about :ok:

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2628282-010
http://www.thepurplepenny.com/1000,australia-1962-shilling-1s-gem-uncirculated-pcgs-ms65.html