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An example of "grade-flation" lowering specific grade market values
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<p>[QUOTE="medoraman, post: 3581627, member: 26302"]Yep. Continuing game to force people to pay them ever more money. Someday, it will come to a point where everything is overgraded, than they will come out with a "green holder" special grade that is tougher, and everyone will be forced to send all of their coins in again. Must be great to get paid tens of millions in the coin industry without actually having to sell coins.</p><p><br /></p><p>This game is allowed because of one original sin: No one demanded that they grade based upon ANA standards. Since they themselves determine what is a MS63, they can never misgrade it because by their definition if they grade it a 63, it IS a 63. Now, if the hobby truly demanded that they grade according to a third party standard, those coins misgraded could hold the graders responsible. However, no one likes to be held responsible for your work, (heaven forbid), so this I doubt will ever happen. I will pledge publicly if a slabber would ever put in writing they grade based upon ANA standards, I would collect those coins in those slabs exclusively.</p><p><br /></p><p>To me, I appreciate verifying authenticity as well as making sure problem coins are identified as such. Those were two very real problems slabbing helped cure in the 1980's. As such, I do treat a slab much like a very good dealer's verification that the coin is a good coin, but ignore the grade they assign. I crack open the slab, but keep the insert with the flip.</p><p><br /></p><p>Get ready for a few TPG apologists to slam this thread.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3581627, member: 26302"]Yep. Continuing game to force people to pay them ever more money. Someday, it will come to a point where everything is overgraded, than they will come out with a "green holder" special grade that is tougher, and everyone will be forced to send all of their coins in again. Must be great to get paid tens of millions in the coin industry without actually having to sell coins. This game is allowed because of one original sin: No one demanded that they grade based upon ANA standards. Since they themselves determine what is a MS63, they can never misgrade it because by their definition if they grade it a 63, it IS a 63. Now, if the hobby truly demanded that they grade according to a third party standard, those coins misgraded could hold the graders responsible. However, no one likes to be held responsible for your work, (heaven forbid), so this I doubt will ever happen. I will pledge publicly if a slabber would ever put in writing they grade based upon ANA standards, I would collect those coins in those slabs exclusively. To me, I appreciate verifying authenticity as well as making sure problem coins are identified as such. Those were two very real problems slabbing helped cure in the 1980's. As such, I do treat a slab much like a very good dealer's verification that the coin is a good coin, but ignore the grade they assign. I crack open the slab, but keep the insert with the flip. Get ready for a few TPG apologists to slam this thread.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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