Message:

<p>[QUOTE=&quot;Numismatist47, post: 951694, member: 24577&quot;]Go check the online auction sites like eBay. A vast majority of sellers with MS/PR-70 anything bought a bunch in quantity, sent them in, and were lucky enough to have a certain percentage of what they sent in for grading and slabbing come back with 70 after MS or PR. They&#039;re tripling fair market values on their investement. </p><p>&nbsp;</p><p>I can find PR-70 SEs for under, and at $50 price, compared to $150-$200, which I see being asked online. </p><p>&nbsp;</p><p>The point of the matter is simply this: A proof is a proof and a MS-70 is still MS-70 and is still the same coin before it was submitted for grading and slabbing. </p><p>&nbsp;</p><p>I don&#039;t submit coins to TPG&#039;s because I&#039;m not looking for a quick turnaround for a profit. </p><p>&nbsp;</p><p>If you&#039;ve read the Red Book: A Guide Book of Morgan Silver Dollars, by Q. David Bowers; you&#039;re paying for someone else&#039;s opinion on the grade of your coin, and you can submit that same coin to 3 other TPG&#039;s and may get the same grade or differing grade. No matter which happens, you&#039;re still paying for an opinion. He lists an example of a Barry Cutler, at one time legal council for the FTC, who conducted a symposium at an ANA Convention regarding certified coins. He conducted an experiment by taking a group of 1908 Double Eagles, placing masking tape over the TPG label so as to hide the grade of each coin. On the tape, randomly, each coin was lettered. Several leading numismatists were given the chance to test their grading skills, and the results were that each one, had a different grade opinion from the other, as well as differing from the TPGs grade on the label. </p><p>&nbsp;</p><p>Mr. Cutler&#039;s point was to show that grading is not only inconsistant, but only the opinion of the individual doing the grading.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in