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<p>[QUOTE="Leadfoot, post: 1419829, member: 2972"]I'll offer another analogy (although not as good as Paul's above). I am a very confident driver. Never been in an accident. However, I carry an excess of personal liability insurance on my car -- just in case. That's kind of the way I look at TPG and CAC -- as an insurance policy in case my confidence exceeds my skill level (or something unforseen happens). That's not to say I'm not confident in my driving skills, far from it, but rather it seems to be a prudent thing to do.</p><p><br /></p><p>Same with coins. I'm very confident in my ability to grade within my area of expertise. However, I also solicit the opinions of TPGs and CAC on the more expensive coins, both as an insurance policy should I decide to sell, but also to help validate the asking price and quality of a coin (generally offered on approval and subject to in-hand inspection).</p><p><br /></p><p>And to my first response to you.... It really has nothing at all for "taking someone else's word" and really has all to do with the value of the opinion of an independent third party. That perceived value the market attaches to it as well as the value it provides to me as a buyer, collector, and (occasional) seller of coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 1419829, member: 2972"]I'll offer another analogy (although not as good as Paul's above). I am a very confident driver. Never been in an accident. However, I carry an excess of personal liability insurance on my car -- just in case. That's kind of the way I look at TPG and CAC -- as an insurance policy in case my confidence exceeds my skill level (or something unforseen happens). That's not to say I'm not confident in my driving skills, far from it, but rather it seems to be a prudent thing to do. Same with coins. I'm very confident in my ability to grade within my area of expertise. However, I also solicit the opinions of TPGs and CAC on the more expensive coins, both as an insurance policy should I decide to sell, but also to help validate the asking price and quality of a coin (generally offered on approval and subject to in-hand inspection). And to my first response to you.... It really has nothing at all for "taking someone else's word" and really has all to do with the value of the opinion of an independent third party. That perceived value the market attaches to it as well as the value it provides to me as a buyer, collector, and (occasional) seller of coins.[/QUOTE]
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