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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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<p>[QUOTE="GoldFinger1969, post: 3394936, member: 73489"]I agree. Even if someone is an expert, I don't see how they can grade (old) coins in the time that they allot to each one.</p><p><br /></p><p>And when you have a coin that is rare and/or can be worth a mulitple of $$$ if it goes up 1 or 2 grades....then the TPGs have a responsibility to get it right. Don't spend the same 15 seconds on a 1907 Saint or a 1948 Franklin that you would on a newly-minted "First Release" 1 oz. Gold Eagle or Buffalo. If you miss there -- whether it's an MS69 or MS70 -- who gives a damn.</p><p><br /></p><p><b><u>Ultimately, and unfortunately, these are businessess (PCGS is publicly-traded) and they have a higher (?) fiduciary duty to their shareholders/owners than they do their customers/clients. If they doubled the time they spent on each coin -- still probably under 1 minute -- that would cut their revenues in half (assuming they don't increase the number of graders, who can offset the loss of volumnes assuming they are competent).</u></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3394936, member: 73489"]I agree. Even if someone is an expert, I don't see how they can grade (old) coins in the time that they allot to each one. And when you have a coin that is rare and/or can be worth a mulitple of $$$ if it goes up 1 or 2 grades....then the TPGs have a responsibility to get it right. Don't spend the same 15 seconds on a 1907 Saint or a 1948 Franklin that you would on a newly-minted "First Release" 1 oz. Gold Eagle or Buffalo. If you miss there -- whether it's an MS69 or MS70 -- who gives a damn. [B][U]Ultimately, and unfortunately, these are businessess (PCGS is publicly-traded) and they have a higher (?) fiduciary duty to their shareholders/owners than they do their customers/clients. If they doubled the time they spent on each coin -- still probably under 1 minute -- that would cut their revenues in half (assuming they don't increase the number of graders, who can offset the loss of volumnes assuming they are competent).[/U][/B][/QUOTE]
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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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