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Anyone get to hear Rick Snow's speech?
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<p>[QUOTE="baseball21, post: 2480386, member: 76863"]Agreed, and some of it is also that a percentage of buyers are only interested if they feel they could immediately make money off it. Some of the less popular series are absolutely dead right now. </p><p><br /></p><p><br /></p><p><br /></p><p>It was basically how properly graded coins are going for basement prices because of poor examples being the new expected price point. I think its clear that whatever it is it will be a way to encourage higher prices for certain pieces. We already have CAC for that/+ grades/*grades and even his own Photoseal. </p><p><br /></p><p>He does have a good point for some areas and eBay has certainly messed up a lot of values with their price races to the bottom, but grading a grade is already done by collectors and CAC. I'll be interested to hear what he proposes but again I don't see anything coming from it. </p><p><br /></p><p><br /></p><p><br /></p><p>If they could have they would have by now. Redoing the entire scale in my opinion is the quickest way to destroy the value of everything and really kill collecting in general. Too many people would just dump what they have and call it a day instead of hoping their coins are still as good on the ranking scale as they once bought them. With billions of dollars in value already slabbed there is no way to overhaul everything without destroying the market.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2480386, member: 76863"]Agreed, and some of it is also that a percentage of buyers are only interested if they feel they could immediately make money off it. Some of the less popular series are absolutely dead right now. It was basically how properly graded coins are going for basement prices because of poor examples being the new expected price point. I think its clear that whatever it is it will be a way to encourage higher prices for certain pieces. We already have CAC for that/+ grades/*grades and even his own Photoseal. He does have a good point for some areas and eBay has certainly messed up a lot of values with their price races to the bottom, but grading a grade is already done by collectors and CAC. I'll be interested to hear what he proposes but again I don't see anything coming from it. If they could have they would have by now. Redoing the entire scale in my opinion is the quickest way to destroy the value of everything and really kill collecting in general. Too many people would just dump what they have and call it a day instead of hoping their coins are still as good on the ranking scale as they once bought them. With billions of dollars in value already slabbed there is no way to overhaul everything without destroying the market.[/QUOTE]
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