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<p>[QUOTE=&quot;Hobo, post: 1040704, member: 11521&quot;]Grandma might buy a coin for her coin-collector grandson. A coin in a slab with an insert that has an official-sounding name and a high grade probably looks like a safe purchase to her. She can look up the coin&#039;s value in any of the available price guides (Red Book, Coin Values, etc.) based on the assigned grade. Little does she know the coin is grossly overgraded and probably worth a fraction of the purchase price. </p><p>&nbsp;</p><p>Also, there are plenty of collectors who don&#039;t know how to grade and (unfortunately) rely on the grade someone placed on a slab. </p><p><br /></p><p><br /></p><p>The looser their grading (i.e., the higher the grades they assign) the more business they get.[/QUOTE]</p><p><br /></p>

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