Are TPGs TOO big of a deal?

When people can no longer think rationally for themselves, and they need to rely on the opinion of others blindly then that is not a healthy market.

 

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Based on the number of new posts that read something like, “I have this real shiny penny in my change. Should I have it graded?” That alone tells me the whole TPG thing has become a bit out of hand. Thing is.... They are a business. And business does what business does. They promote their product for profit..... Back in the 70’s and 80’s would I have dreamed of where we are today? No... But then I wouldn’t have dreamed of the booming counterfeit market we are faced with either. Yes, TPG’s have their place. However to the extend that they control our hobby’s market and direction. No, I find that to be unhealthy.

 

I really don’t have a lot of mundane material in slabs. I’m planning soon to start selling some slabs that I have replaced with higher grades, PLs, DMPLs etc.

 

All coins should come slabbed from the mint.
Alter vending machines to accept slabbed coins.

Done.

 

Yup, end of problem.

 

Thanks for posting that link. @Vess1

 

There’s only one dealer I would ever consider buying raw classic gold from. You can probably guess who he is.

It seems virtually all the reliable dealers I am comfortable trading with offer a raw coin only once in a blue moon.

 

I know when I'm in over my head. I know how silver is supposed to look. I am NO kind of expert on how gold should look.

 

I think unless you are buying something high dollar, it is pointless. Everyone should be doing their own grading. You see some silly stuff out there; a $50 coin in a slab; ridiculous.

If I am looking at a coin less that $1000, I won't buy anything in plastic. I'm not going to pay for the extra cost of a slab on the coin.

 

When I see PCGS slabbing McDonalds "coins" then I have to agree, it's gone too far. I prefer slabbed coins when dealing with high value coins, or coins that require special conservation (like ancient bronze) because I'm lazy, but most of the items that are slabbed today are just ridiculous.

 

Larry Stendebach?

 

I guess they never watched the original Caddyshack...the reverend would have shown them....

 

I wish I was there with silver.

 

Hey. I'm serious. Just poor

 

I purfer a metal latter

 

My first year out of graduate school I was in Clemson SC where I had a friend that was into U-control aircraft. We were out flying when a storm was approaching and I wanted to get in one last flight. After I got the plane up, I suddenly felt a strong electrical impulse and realized I was standing at the end of a 50-foot long electrical antenna...not wanting to crash the plane, I flew about a foot off the ground till the gas ran out!!!

 

You did, or the plane did?

 

If TPGs were worth the cost there would be NO coins in slabs for sale for less than $35. If they ARE less than $35 then someone is paying you to purchase that coin.

 

"Lutting your cosses."