You can question the motivation of these "new collectors", and you can question their chances, but you can't question that they represent a revenue stream. And we are talking about a company that's owned by a hedge fund.
NGC has turned the corporate corner. Their desire to sell, sell, sell has made them just another corporate entity committed to profit over anything else.
This is exactly why. As well as sports cards and other collectible cards. Now that this has been out for a few years, I don't know that it has really affected the market. I have no desire to change from the Sheldon scale. I don't own any of them and don't feel it has as of yet amounted to much but I could be wrong. If it eventually goes by the wayside, there'll be a big push some day to get coins out of those holders into normally graded ones. Whatever the market does, seems like NGC wins either way.
Can I submit a 1916-S Half Eagle and get a label saying "Last Year of Issue Before a 13 Year Pause With Production Resuming in 1929"?