Grading, done by companies that are in the business of grading to literally make themselves a profit. Besides moderns the only way for them to continue to maintain growth is to regrade the same coins over and over and over again. With an ever loosing set of standards in order to maintain the efficiency at which they produce that profit for themselves. And these days too many people first look at that assigned grade rather than the coin itself imo.
Oh, dear me. What to do....What to do? Answer? We all need to take a step backwards and rethink what we're doing to the hobby we love....while we're chasing the ALMIGHTY grade. Are we so different from the TPGs???? I personally think not. Breathe and reassess
I'm not chasing a grade, just thought we could use it as an example. I plan to pass this coin on, so I have no idea who will see it when I'm long gone. I just don't want some Yahoo in 50 years telling my family it's fake when it isn't. Just as previously I had a dealer tell me one of my proof Mercury dimes was a business strike when it wasn't. ( it was graded in old anacs holder ) I generally don't like slabs but this is an exception.
I feel the same way about some of my better coins. I've already instructed my son on what to do with my collection if a situation arises where he inherits it and wants to sell it. I think everyone should have a plan for their heirs regarding their collection.
How did this thread go from "Grading is bs" to making plans for "after death"? How about we stay on subject until all feel it has been exhausted. Just an "on point " thought.
Could be, but if they ( PCGS) allows room for huge gouges on coins. See my 1899 VF 20 BQ in New Acquisitions, I think this coin will pass.
Amen! Having been a well-established collector for 47 years, I have purchased just two certified coins, both of them 1994-D proof-like commemoratives. I bought these two certified coins for two reasons, keep my post-1981 commemorative clad and silver collection complete and the prices for the two coins were right. There are no plans to sell, just enjoy them until my last days, hopefully long in the future. Collectors that are deep into grading and all its benefits can enjoy their market and the debate. I buy coins for their enjoyment, design, beauty, history, political relevance and, as often as possible, in original government packaging. The price must be right for the quality, state of preservation, strike, underlying bullion value (if a modern coin of precious metal) and the brilliance of their surfaces irrespective of composition. Rarity can sometimes play a role in my choice. If I begin collecting a series of proof or uncirculated coins or sets, I continue with it. Regardless, the enjoyment of opening that package that comes in the mail never gets old.
Now that statement is just danged wrong, and if you believe it, you're gonna be snookered by a whole lot of bad grades. If you can't tell the difference between an '60 coin and an '66 coin then heaven help ya........you need to polish up on your grading skills.
Hear is a quantifiable question. If one grader grades 800 coins a day he/she is generating nearly $26,000/day. So now the question: Do the TPG's need to charge $32.00 per coin? Where I come from.... that's a bunch of dollars!
Are you saying all the TPGs will have three graders per coin...all coins... every day ... day in and day out? Where's the Kool-Aid?
You can save a ton of money if you can learn to grade youself. Playing the grade game can be very expensive. Do it yourself, and you save a ton of money.......I'm talkin' collectors folks.
Well that's what I pay. Am I being overcharged so they can change another what all would agree is the "reasonable" cost? Is that what you are implying? And if so .... can you explain that bit of " fill in the word"?
I guess it's like anything in life. Either you trust people or you don't. Whether they stick to their advertised policy or not people like you and me won't know. I like both raw and slabbed coins. No matter how you feel about the major TPGs, if you want to sell a coin you will probably have better luck if it is slabbed.
It''s simple business. Bulk grading rates are cheaper. Massive sellers that can assure them 6 figures worth of business a year also get better rates then someone who will give them 10 coins. Its no different than anything else in life. The more business you can provide the better rate you get
