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<p>[QUOTE=&quot;Volodya, post: 2289043, member: 19615&quot;]I spent over an hour on the phone with David Vagi last year, talking about this. David stressed two main points. The first was that a lot of serious collectors of US coins might like to get started with ancients but simply aren&#039;t comfortable with a coin that hasn&#039;t been vetted by a reputable third party. The second followed from the first: since there clearly is a market for slabbed ancient coins, someone will see a way to make a buck. Inevitably, someone <i>is </i>going to grade and slab ancients; better it be done by someone who is knowledgeable about them than a US guy who can&#039;t get past the fact that they aren&#039;t even round. For what it&#039;s worth, although the grading system used is unquestionably flawed, it is something David gave a lot of thought to before putting it in place.</p><p><br /></p><p>I hate slabs as much as anyone--hell, my own coins aren&#039;t even in flips. The only slabbed coin I&#039;ve personally bought was out of its tomb within an hour. That said, I honestly can&#039;t disagree with either point. This is the direction the market is going to take. It&#039;s less stressful to try to mitigate the worst abuses and lure new collectors towards the light than simply to rail against the wind.</p><p><br /></p><p>Phil Davis[/QUOTE]</p><p><br /></p>

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