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<p>[QUOTE="IdesOfMarch01, post: 2289147, member: 39084"]This is the gist of the "it's inevitable" argument and since slabbing is what NGC does for a living, it's entirely within their business purview to attempt to extend their business into the world of ancient coins. Knowledgeable collectors of ancients will roll their eyes at NGC's fairly lame attempts to create and apply fixed grades to ancient coins, but it's a business to them and I cannot seriously fault their <i>attempt</i> to do so, only their <i>results</i>.</p><p><br /></p><p>Note that it's an entirely different argument as to whether or not NGC will ultimately <i>succeed</i> in establishing slabbing of ancients as a worthwhile service. Personally, I think that after a few more years of doing this, their services will be limited to lower-grade coins purchased only by newcomers who lack knowledge and believe that buying a slabbed ancient coin allays their fear of being duped by counterfeits. </p><p><br /></p><p>And ultimately, this last observation is the reason I believe that NGC will find only limited success in the business of grading and slabbing ancients: there is no actual "Guaranty" in NGC's slabbing and grading process, so in reality what is the purchaser gaining by buying a slabbed coin? Peace of mind is worth only so much if there is no real guarantee behind slabbed coins, and after a few stories of how NGC slabbed and graded some counterfeit coins, the market may come to realize that the NGC slab is really pretty much worthless.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 2289147, member: 39084"]This is the gist of the "it's inevitable" argument and since slabbing is what NGC does for a living, it's entirely within their business purview to attempt to extend their business into the world of ancient coins. Knowledgeable collectors of ancients will roll their eyes at NGC's fairly lame attempts to create and apply fixed grades to ancient coins, but it's a business to them and I cannot seriously fault their [I]attempt[/I] to do so, only their [I]results[/I]. Note that it's an entirely different argument as to whether or not NGC will ultimately [I]succeed[/I] in establishing slabbing of ancients as a worthwhile service. Personally, I think that after a few more years of doing this, their services will be limited to lower-grade coins purchased only by newcomers who lack knowledge and believe that buying a slabbed ancient coin allays their fear of being duped by counterfeits. And ultimately, this last observation is the reason I believe that NGC will find only limited success in the business of grading and slabbing ancients: there is no actual "Guaranty" in NGC's slabbing and grading process, so in reality what is the purchaser gaining by buying a slabbed coin? Peace of mind is worth only so much if there is no real guarantee behind slabbed coins, and after a few stories of how NGC slabbed and graded some counterfeit coins, the market may come to realize that the NGC slab is really pretty much worthless.[/QUOTE]
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