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<p>[QUOTE="medoraman, post: 1075667, member: 26302"]I thought the sniffer was to detect added substances on coins. How does that pertain to grades except for the fact these substances may alter the grade? Substance on a coin is where TPGer is always liable, so they are protecting themselves.</p><p><br /></p><p><br /></p><p><br /></p><p>How is that? TPG'ers set their own grading standards, so they are responsible to no one. They guarantee the grade against their own opinion. When they changed standards in the 80's no one got refunds or won in a lawsuit over the grades. The TPG'ers simply changed their standards, requiring everyone to resubmit their coins for a new grade in a new grading standard. Sounds like good business to me, something that could be repeated continuously once every 30-40 years, long enough for the people burned the first time to forget about it.</p><p><br /></p><p><br /></p><p><br /></p><p>You know very well that isn't how things are done. Nothing is ever verbal or written, it is coerced through feedback and maybe slowly changing the coins in the reference set. I am not saying this happened, but things like this happen all of the time in the military, business, government, etc without anything ever being documented in writing or even verbally. Having no written proof is hardly unexpected IF it ever happened.</p><p><br /></p><p> </p><p><br /></p><p>The danger with this is when the market no longer values toning, this coin will still be in a 65 holder when it doesn't deserve it. Who loses? The sucker who overpays for a 65 when it clearly is not a 65.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1075667, member: 26302"]I thought the sniffer was to detect added substances on coins. How does that pertain to grades except for the fact these substances may alter the grade? Substance on a coin is where TPGer is always liable, so they are protecting themselves. How is that? TPG'ers set their own grading standards, so they are responsible to no one. They guarantee the grade against their own opinion. When they changed standards in the 80's no one got refunds or won in a lawsuit over the grades. The TPG'ers simply changed their standards, requiring everyone to resubmit their coins for a new grade in a new grading standard. Sounds like good business to me, something that could be repeated continuously once every 30-40 years, long enough for the people burned the first time to forget about it. You know very well that isn't how things are done. Nothing is ever verbal or written, it is coerced through feedback and maybe slowly changing the coins in the reference set. I am not saying this happened, but things like this happen all of the time in the military, business, government, etc without anything ever being documented in writing or even verbally. Having no written proof is hardly unexpected IF it ever happened. The danger with this is when the market no longer values toning, this coin will still be in a 65 holder when it doesn't deserve it. Who loses? The sucker who overpays for a 65 when it clearly is not a 65.[/QUOTE]
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