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<p>[QUOTE="TypeCoin971793, post: 3587252, member: 78244"]Modern mass-produced coins are different from ancient coins in that (relatively) accurate grading matters. An UNC is worth more than an XF, and an improperly-cleaned XF is worth less than a problem-free XF. Back in the days before the internet, knowledge about grading could not be easily shared, so collectors relied on dealers to grade their wares accurately. Unfortunately, many dealers did not, and would, for example, try to pass a cleaned XF as an UNC. The collectors needed to be protected from their ignorance and unscrupulous dealers, so PCGS, NGC, and ANACS came into the picture to provide a service to set a grade backed by a professional opinion. Now there’s nothing wrong with that.</p><p><br /></p><p>However, things got carried away when the expert opinions were treated as God-sent facts, and their values were absolutely determined by the holders. Collectors found they never had to learn how to grade because it was done for them, despite increased knowledge available on the internet. This caused the grading services (namely PCGS and NGC) to be blindly trusted by a collector base which did not have the skills to hold the TPGs accountable. Then we had the Registry Sets, where collectors competed is a “mine is better than yours” contest. This boosted the demand for certified coins. The slabs have caused the coins to be easily traded as a legitimized commodity, making it desirable to have the coins in slabs. </p><p><br /></p><p>I believe this suitably scratches the surface of the slab addiction for US coins.</p><p><br /></p><p><br /></p><p><br /></p><p>I’m happy you have found your niche! I always recommend trying a little bit of everything and seeing what sticks. What sticks is always what you will enjoy collecting for years.</p><p><br /></p><p>I first tried collecting full sets of various types, but that got really boring very quickly. I liked having a variety of different designs, so I started a US type set. I pursued that collection for many years and really enjoyed it. However, I found that my type set would never be fully completed without a 6-figure budget, and there were several types (half dimes) that I really had no interest in. I eventually lost interest in the type set, especially once I got introduced to ancient/medieval coins.</p><p><br /></p><p>I found that my niche is coins that I can use to tell stories. I sold off all of my coins which I bought primarily to fill holes. As a result, my collection is far more interesting and rewarding than it was previously.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3587252, member: 78244"]Modern mass-produced coins are different from ancient coins in that (relatively) accurate grading matters. An UNC is worth more than an XF, and an improperly-cleaned XF is worth less than a problem-free XF. Back in the days before the internet, knowledge about grading could not be easily shared, so collectors relied on dealers to grade their wares accurately. Unfortunately, many dealers did not, and would, for example, try to pass a cleaned XF as an UNC. The collectors needed to be protected from their ignorance and unscrupulous dealers, so PCGS, NGC, and ANACS came into the picture to provide a service to set a grade backed by a professional opinion. Now there’s nothing wrong with that. However, things got carried away when the expert opinions were treated as God-sent facts, and their values were absolutely determined by the holders. Collectors found they never had to learn how to grade because it was done for them, despite increased knowledge available on the internet. This caused the grading services (namely PCGS and NGC) to be blindly trusted by a collector base which did not have the skills to hold the TPGs accountable. Then we had the Registry Sets, where collectors competed is a “mine is better than yours” contest. This boosted the demand for certified coins. The slabs have caused the coins to be easily traded as a legitimized commodity, making it desirable to have the coins in slabs. I believe this suitably scratches the surface of the slab addiction for US coins. I’m happy you have found your niche! I always recommend trying a little bit of everything and seeing what sticks. What sticks is always what you will enjoy collecting for years. I first tried collecting full sets of various types, but that got really boring very quickly. I liked having a variety of different designs, so I started a US type set. I pursued that collection for many years and really enjoyed it. However, I found that my type set would never be fully completed without a 6-figure budget, and there were several types (half dimes) that I really had no interest in. I eventually lost interest in the type set, especially once I got introduced to ancient/medieval coins. I found that my niche is coins that I can use to tell stories. I sold off all of my coins which I bought primarily to fill holes. As a result, my collection is far more interesting and rewarding than it was previously.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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