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<p>[QUOTE="rick, post: 86398, member: 1235"]<i>everyone</i> who collects coins knows how to grade coins - fewer of those people know how to do it according to the market accepted principles - far fewer of those people know how to do that very well - vastly fewer of those people are aware that they don't do it very well - infinitely fewer of those people agree with the other people that get to this stage. I fall into one of the earlier catagories, and I'm well aware of it. I get better as time goes by.</p><p> </p><p>Coin grading, by all business ethics, should be strictly independant of product sales. Reasons for this are right out in the open. The immediate issue being temptation for profits over truth in advertising.</p><p> </p><p>Over refunds and guarantees - I want simplicity. A grading company performs a service. That service should be quality, constant (within reason), and consistant. If a grading company gives these things, they will catch on in the hobby, given time, a little luck, and good marketing.</p><p> </p><p>The problem new grading companies face today is the dozens, if not hundreds, of unethical business that have practiced before them. Afterall, it costs close to nothing to open up your own - no overhead, no pesky credentials to worry about... It's a scam artist breeding ground. Still, there is room to improve - before you look to start a new grading company, I think the right question is: can I do better than the big three or four that exist now? If not, pick something else.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 86398, member: 1235"][i]everyone[/i] who collects coins knows how to grade coins - fewer of those people know how to do it according to the market accepted principles - far fewer of those people know how to do that very well - vastly fewer of those people are aware that they don't do it very well - infinitely fewer of those people agree with the other people that get to this stage. I fall into one of the earlier catagories, and I'm well aware of it. I get better as time goes by. Coin grading, by all business ethics, should be strictly independant of product sales. Reasons for this are right out in the open. The immediate issue being temptation for profits over truth in advertising. Over refunds and guarantees - I want simplicity. A grading company performs a service. That service should be quality, constant (within reason), and consistant. If a grading company gives these things, they will catch on in the hobby, given time, a little luck, and good marketing. The problem new grading companies face today is the dozens, if not hundreds, of unethical business that have practiced before them. Afterall, it costs close to nothing to open up your own - no overhead, no pesky credentials to worry about... It's a scam artist breeding ground. Still, there is room to improve - before you look to start a new grading company, I think the right question is: can I do better than the big three or four that exist now? If not, pick something else.[/QUOTE]
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