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An example of "grade-flation" lowering specific grade market values
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<p>[QUOTE="johnmilton, post: 3591439, member: 101855"]Yes, but the supply of "low hanging fruit" is much lower. Those fruits are coins that are easy to authenticate, easy to attribute as the the variety, if it's needed, and easy for generalist dealers to sell.</p><p><br /></p><p>Whether is true or not, the TPGs perceive that they are in the mature phase of their product life cycles. Their easy alternatives are to push gimmicks in the modern coin series ("first strike," special labels edt.) or encourage crack-outs and re-grades with the older stuff. In order to get the latter, they have to water down the grading standards to encourage or force owners of those coins to have them re-graded.</p><p><br /></p><p>Getting into the variety attribution business involves hiring specialist experts, and there are not a lot of them. Historically PCGS has not been good in the coin attribution business. I've seen them blow "Red Book" varieties, which rather inexcusable. NGC has been better at it, but their generally loser grading standards have sometimes hindered those efforts.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3591439, member: 101855"]Yes, but the supply of "low hanging fruit" is much lower. Those fruits are coins that are easy to authenticate, easy to attribute as the the variety, if it's needed, and easy for generalist dealers to sell. Whether is true or not, the TPGs perceive that they are in the mature phase of their product life cycles. Their easy alternatives are to push gimmicks in the modern coin series ("first strike," special labels edt.) or encourage crack-outs and re-grades with the older stuff. In order to get the latter, they have to water down the grading standards to encourage or force owners of those coins to have them re-graded. Getting into the variety attribution business involves hiring specialist experts, and there are not a lot of them. Historically PCGS has not been good in the coin attribution business. I've seen them blow "Red Book" varieties, which rather inexcusable. NGC has been better at it, but their generally loser grading standards have sometimes hindered those efforts.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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