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Are the grading services ruining coin collecting?
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<p>[QUOTE="Shortgapbob, post: 223423, member: 6088"]I think that grading services are generally a good thing. Many of the issues that exist, such as people slipping problem coins past the services, would be much worse if all coins were purchased raw, as even less knowledgeable collectors would be fooled. They are a necessity for the general authentication and recognition of problem coins, although they do miss a few from time to time.</p><p> </p><p>I believe that a major problem with the outlook toward the grading services by many is the same problem that existed during the bubble and crash of 1989-1991. Many see slabbed coins as a commodity. Just because 10 different Morgans say MS-65 does not mean that those coins are all homogeneous and of the exact same quality. </p><p> </p><p>If used correctly, the grading companies provide a valuable service to the hobby, one that the coin market demands. But, many need to also learn to evaluate coins, and not just holders.[/QUOTE]</p><p><br /></p>
[QUOTE="Shortgapbob, post: 223423, member: 6088"]I think that grading services are generally a good thing. Many of the issues that exist, such as people slipping problem coins past the services, would be much worse if all coins were purchased raw, as even less knowledgeable collectors would be fooled. They are a necessity for the general authentication and recognition of problem coins, although they do miss a few from time to time. I believe that a major problem with the outlook toward the grading services by many is the same problem that existed during the bubble and crash of 1989-1991. Many see slabbed coins as a commodity. Just because 10 different Morgans say MS-65 does not mean that those coins are all homogeneous and of the exact same quality. If used correctly, the grading companies provide a valuable service to the hobby, one that the coin market demands. But, many need to also learn to evaluate coins, and not just holders.[/QUOTE]
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