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Am I the only one who thinks grading is a ripoff?
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<p>[QUOTE="swagge1, post: 1160600, member: 22402"]Chris it makes pretty good sense to me why these caoins aren't valued higher. You submitted lets say 50 coins and 7 came back MS68. That is 14%. Even though 50 coins probably isn't enough to be a good gauge of the average grading of the series it does allow you to make some assumptions. One might assume that roughly 14% of all of those coins minted in 2005 were MS68. How many millions of these coins were minted? How many other collectors have bags and rolls of these tucked away and haven't submitted them to the TGP's? This is kind of the same logic people use who see graded bullion as a poor investment. These coins are made by the MILLIONS and only a small fraction of these are sent off the the TGPS. If only 1 MS70 is known and there are millions of ungraded coins out there the MS70 may not be particulary rare or valuable.[/QUOTE]</p><p><br /></p>
[QUOTE="swagge1, post: 1160600, member: 22402"]Chris it makes pretty good sense to me why these caoins aren't valued higher. You submitted lets say 50 coins and 7 came back MS68. That is 14%. Even though 50 coins probably isn't enough to be a good gauge of the average grading of the series it does allow you to make some assumptions. One might assume that roughly 14% of all of those coins minted in 2005 were MS68. How many millions of these coins were minted? How many other collectors have bags and rolls of these tucked away and haven't submitted them to the TGP's? This is kind of the same logic people use who see graded bullion as a poor investment. These coins are made by the MILLIONS and only a small fraction of these are sent off the the TGPS. If only 1 MS70 is known and there are millions of ungraded coins out there the MS70 may not be particulary rare or valuable.[/QUOTE]
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