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<p>[QUOTE=&quot;TubeRider, post: 2310215, member: 76481&quot;]Ok, I have spent years trying to figure the logic of what I posted above regarding what happened at the Summer Seminar.&nbsp; To confuse me even more, most of what I have read in CW and here on CT is the exact opposite of what I heard back then.&nbsp; I also recently spoke with a longtime dealer who has successfully played the ‘crack out’ game for many years.&nbsp; He was very clear on the fact that the Grey Sheet and the price jumps between grades was one of his main determining factors in what he sends in.&nbsp; He stated that it was much easier to get a coin raised a grade if the price increase was a few hundred dollars than it was to if the increase was in the many thousands.&nbsp; He basically said, ”You give me a coin AND a price guide and I’ll tell you what your chances are.”</p><p>&nbsp;&nbsp; Now in my uneducated opinion here is what I believe is going on and why I am hearing two completely different opinions, #1). The TPG do <b>NOT WANT</b> to raise the grade if the price jump is too large. And #2) The TPG’s <b>WANT</b> higher grades and coin prices and will do whatever they can to blur the grading lines to do so.</p><p>&nbsp;&nbsp; &nbsp;&nbsp; So #1&nbsp; (The TPG do <b>NOT WANT</b> to raise the grade if the price jump is too large.) As to their guarantee policy: <i>If PCGS over grades a coin they are responsible to buy it back at the over graded price….If the grade determined under such </i><a href="http://www.pcgs.com/servicesandfees/#gr" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/servicesandfees/#gr" rel="nofollow"><i>&quot;Guarantee Resubmission&quot;</i></a><i> procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed or non-authentic, PCGS shall pay the current market value for the coin in question at the <b><u>originally</u></b> assigned grade</i>…. Not that big of a deal at a few hundred dollars but maybe a little different at $15,000 $30,000-$100,000 or more.</p><p>&nbsp;&nbsp;&nbsp; Now #2. (The TPG’s WANT higher grades and coin prices and will do whatever they can to blur the grading lines in order to do so).&nbsp; News worthy coins, pedigreed, public interest etc are well worth the risk of over grading as they bring multi millions of dollars in free advertising.&nbsp; The risk to reward is much different between pushing a coin from Hank the mechanic’s great uncle Cletus’s collection from 55 to MS than it is to do the same with an Eliasburg Sr. or Norweb pedigree (CW March 2013 ‘Pedigrees That Live Forever’ to see how often these coins get bumped up).&nbsp; The TPG has nothing to &#039;gain&#039; by risking a $50,000 or $100,000 bump with Cletus’s coin but when Norweb’s coin hits the blocks it makes news and is pictured with the TPG label shining brightly in every picture.&nbsp; Who could even begin to estimate the value in free advertising and name recognition PCGS received from the Saddle Ridge Hoard alone. Any coin from that hoard that may come back someday as over graded will have already paid for itself many, many times over. Collectors instantly pay high premiums on pedigreed or historic coins but I am sure the TPG (as I read it) is in no way responsible for that inflated pedigree price only the book price of the coin, determined of course by ‘themselves’. Then they can just resell the said coin at the pedigreed price, even if at a lower grade.... it&#039;s a TPG no lose situation.&nbsp; Thus my take on why TPG&#039;s are often so eager to upgrade some coins and seemingly very reluctant to upgrade others.&nbsp; Just thought I would throw one more grenade...back to the bunker.[/QUOTE]</p><p><br /></p>

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