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<p>[QUOTE="Insider, post: 3223480, member: 24314"]"ToughCOINS, posted: "The real problem here is not that very nice coins are being bumped to reflect what they are really worth . . . that's just a symptom of the root cause. The real problem is that we have ignorant players in this market who have absolutely no business buying coins, but the industry has become beholden to them, and will do seemingly anything to keep them involved."</p><p><br /></p><p><i>I disagree. Grading services are to provide a service. The coin is genuine and its condition of preservation is THIS. The "this" is where they have screwed up by "evolving" the old standard and continuing to loosen it further.</i> </p><p><br /></p><p>"As long as the grading services cater to the needs of the ignorant big money (not intending to offend those big spenders who are dyed-in-the-wool collectors who can really grade and arrive at fair value), it's only a half measure to assign a grade to the coin. Why, because the grade in and of itself does not sufficiently assign value. It's like asking a guy with a bum leg to walk with half a cane. If the above coin were graded VF30, he'd not be able to decide if the price asked or offered was fair because he's not familiar with the full spectrum of coins in VF30 holders.</p><p><br /></p><p>I'm not saying that the TPG's are doing the right thing or the wrong thing. They are simply responding more completely to a perceived market need. If they weren't doing that, then they might just as well not be grading at all."</p><p><br /></p><p><i>TPGS's SET THE STANDARD! They have for years. They are the root of the problem.</i></p><p><br /></p><p>"My ultimate position on this is . . . do away with details grading, do away with market grading, do away with numerical grading, and preserve one and only one service . . . authentication."</p><p><br /></p><p><i>That's nuts! </i></p><p><br /></p><p>"That would demand a level of dedication from those who wish to become / remain involved in this market. More importantly, it would increase focus on the cancer of the counterfeiting of collectible coinage.</p><p><br /></p><p>By the way, <b><span style="color: #ff0000">until the grading services stop evolving their grading standards, I will do my level best to walk in lockstep with them.</span></b> As much work as it takes, I consider that better than falling behind."</p><p><br /></p><p><b><i>That's the key to success, learn to swim and follow the rip tide. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie85" alt=":smuggrin:" unselectable="on" unselectable="on" /></i></b>[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 3223480, member: 24314"]"ToughCOINS, posted: "The real problem here is not that very nice coins are being bumped to reflect what they are really worth . . . that's just a symptom of the root cause. The real problem is that we have ignorant players in this market who have absolutely no business buying coins, but the industry has become beholden to them, and will do seemingly anything to keep them involved." [I]I disagree. Grading services are to provide a service. The coin is genuine and its condition of preservation is THIS. The "this" is where they have screwed up by "evolving" the old standard and continuing to loosen it further.[/I] "As long as the grading services cater to the needs of the ignorant big money (not intending to offend those big spenders who are dyed-in-the-wool collectors who can really grade and arrive at fair value), it's only a half measure to assign a grade to the coin. Why, because the grade in and of itself does not sufficiently assign value. It's like asking a guy with a bum leg to walk with half a cane. If the above coin were graded VF30, he'd not be able to decide if the price asked or offered was fair because he's not familiar with the full spectrum of coins in VF30 holders. I'm not saying that the TPG's are doing the right thing or the wrong thing. They are simply responding more completely to a perceived market need. If they weren't doing that, then they might just as well not be grading at all." [I]TPGS's SET THE STANDARD! They have for years. They are the root of the problem.[/I] "My ultimate position on this is . . . do away with details grading, do away with market grading, do away with numerical grading, and preserve one and only one service . . . authentication." [I]That's nuts! [/I] "That would demand a level of dedication from those who wish to become / remain involved in this market. More importantly, it would increase focus on the cancer of the counterfeiting of collectible coinage. By the way, [B][COLOR=#ff0000]until the grading services stop evolving their grading standards, I will do my level best to walk in lockstep with them.[/COLOR][/B] As much work as it takes, I consider that better than falling behind." [B][I]That's the key to success, learn to swim and follow the rip tide. :smuggrin:[/I][/B][/QUOTE]
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