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An example of "grade-flation" lowering specific grade market values
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<p>[QUOTE="EyeAppealingCoins, post: 3588821, member: 96749"]1. I didn't realize that CAC forced anyone to buy coins. Assuming it could and does, then why not? It has forced itself onto those in the coin market who didn't want their opinion but must now seek it to sell coins.</p><p><br /></p><p>2. Third party grading is the biggest scam in the history of numismatics in my humble opinion. They offer to guarantee the grade of a coin only to water down the standards later. The guarantees have been in place since 1986 (PCGS) and 1987 (NGC), and both David Hall (PCGS) and Mark Salzberg (1987) have admitted that the standards have changed at least one time since inception. It is not to the benefit of collectors. If JA really cared about combating numismatic fraud, he would go after the services IMHO. The FTC even went after PCGS in 1990. Although some of it was their marketing, the FTC also accused PCGS of lying about offering consistent, objective grading standards. The case resulted in a consent decree.[/QUOTE]</p><p><br /></p>
[QUOTE="EyeAppealingCoins, post: 3588821, member: 96749"]1. I didn't realize that CAC forced anyone to buy coins. Assuming it could and does, then why not? It has forced itself onto those in the coin market who didn't want their opinion but must now seek it to sell coins. 2. Third party grading is the biggest scam in the history of numismatics in my humble opinion. They offer to guarantee the grade of a coin only to water down the standards later. The guarantees have been in place since 1986 (PCGS) and 1987 (NGC), and both David Hall (PCGS) and Mark Salzberg (1987) have admitted that the standards have changed at least one time since inception. It is not to the benefit of collectors. If JA really cared about combating numismatic fraud, he would go after the services IMHO. The FTC even went after PCGS in 1990. Although some of it was their marketing, the FTC also accused PCGS of lying about offering consistent, objective grading standards. The case resulted in a consent decree.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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