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<p>[QUOTE="johnmilton, post: 5131831, member: 101855"]Why do you think that ANY collector has influence over the grading issue with respect to PCGS and to a lesser extent NGC? Knowledgeable collectors buy the properly graded coins and leave the over graded ones for the those who don’t know any better and those who profit from the “gifts” the grading services sometimes provide to those who send coins into them.</p><p><br /></p><p>There are very few people who are going to send in an over graded coin and demand that it be downgraded. What they will do is sell such coins at the grade on the holder or offer those coins at “bargain prices.”</p><p><br /></p><p>As a practical matter, for most collectors, making money from their collections when it’s time to sell is a distant memory. I know I’d lose money on my collection. If you can stop the bleeding with a slightly over graded coin, especially when it’s one that’s hard to find, you will go for it.</p><p><br /></p><p>The only way a collector to fight back against over grading to reject the slab brand, and that has happened many times. The most famous case involved a slab company that sued those who published articles stating their products were routinely over graded. The idea was to intimidate people into accepting their product. It didn’t work. The company went out of business.</p><p><br /></p><p>As for the “big two,” they very rarely listen to collectors. They are right; you are wrong; now shut up. One company bans those who complain about their grading on their site. The other is far more tolerant, but their blog is, at best a distant second, to the other one.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 5131831, member: 101855"]Why do you think that ANY collector has influence over the grading issue with respect to PCGS and to a lesser extent NGC? Knowledgeable collectors buy the properly graded coins and leave the over graded ones for the those who don’t know any better and those who profit from the “gifts” the grading services sometimes provide to those who send coins into them. There are very few people who are going to send in an over graded coin and demand that it be downgraded. What they will do is sell such coins at the grade on the holder or offer those coins at “bargain prices.” As a practical matter, for most collectors, making money from their collections when it’s time to sell is a distant memory. I know I’d lose money on my collection. If you can stop the bleeding with a slightly over graded coin, especially when it’s one that’s hard to find, you will go for it. The only way a collector to fight back against over grading to reject the slab brand, and that has happened many times. The most famous case involved a slab company that sued those who published articles stating their products were routinely over graded. The idea was to intimidate people into accepting their product. It didn’t work. The company went out of business. As for the “big two,” they very rarely listen to collectors. They are right; you are wrong; now shut up. One company bans those who complain about their grading on their site. The other is far more tolerant, but their blog is, at best a distant second, to the other one.[/QUOTE]
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