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<p>[QUOTE=&quot;mikenoodle, post: 223405, member: 307&quot;]My question to everybody is this:</p><p><br /></p><p>Are the grading services ( NGC, PCGS, et al ) ruining coin collecting? </p><p><br /></p><p>IMHO they contribute significantly to the number of people who invest in coins rather than collect them. Investing is quite different since it depends on turning a profit not necessarily one&#039;s interest in the coins invested in. As more investors enter the arena, demand ( especially in rare and high end pieces ) will drive prices up and eventually down when the investment potential declines. Typically this hurts the hobbyists by inflating prices in the short term and in their wake creating a bubble to pop later.</p><p><br /></p><p>This is not at all to mention that when big $$$ are paid for coins, and the authority on those coins becomes the grading services via the &quot;slab&quot;, it creates an incentive to get coins into overgraded holders. Whenever there is a financial incentive, the devious mind will become involved at some point, and more and more coins will become altered. Some will get past the grading services and people will pay huge amounts for them. Whether or not you are the knowledgeable person who won&#039;t buy the altered coins, you will pay more even for lower grade coins because of the price inflation. </p><p><br /></p><p>I apologise for neing wordy, but I wanted to make sure you all knew where I was coming from before you respond.[/QUOTE]</p><p><br /></p>

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