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<p>[QUOTE=&quot;Bonedigger, post: 291022, member: 4367&quot;]Great post Doug.&nbsp; I would just like to add a couple of points, we all know TPGing is dependent on collectors sending in coins for their (human, subjective) graders to review.&nbsp; The collector who submits their coins must consider, #1. Humans make mistakes, and #2. A happy satisified submitter is a repeat customer, the TPGs know this and do what is &#039;necessary&#039; for (LARGE LOT) repeat customers.</p><p><br /></p><p>Additionally, here is an excerpt from a thread I&#039;d posted a couple of years ago, but was locked for some reason.&nbsp; </p><p><br /></p><p>It quotes David Hall...</p><p>But back to coins, When David Hall wrote this famous letter in 1988 and I read it albeit some time afterwards. I was dumbfounded. Surly some could see he was leading lambs to slaughter and he was holding the knife behind his back.</p><p><br /></p><p><b><span style="color: Red">&quot;The Word is Out!!!</span></b></p><p><b><span style="color: Red">We&#039;ve had a ten year honeymoon with the coin buying public, but we&#039;ve betrayed their trust, and the word is out. The word is out in the financial planning community; in the hard money circuit; and to the coin investing public. Coin dealers are rip-off artists; the rare coin market is a trap. </span></b></p><p><b><span style="color: Red">For ten years, we&#039;ve sold coins to the coin buying public as MS-65, only to tell them that the grading standards had changed and their coins graded MS-63 when it was time for them to sell.</span></b></p><p><b><span style="color: Red">For ten years, we&#039;ve told them that rare coin prices have gone up and up and up and up, only to tell them that the buyers bidding those higher prices were very fussy, very selective, sight-seen buyers who bought only the coins that they liked and not the coins that the public owned.</span></b></p><p><b><span style="color: Red">For five years, we&#039;ve supplied the telemarketers who have pounded the coin-buying public with Salomon Brothers fantasies while [selling them] viciously overgraded coins.</span></b></p><p><b><span style="color: Red">We are currently paying the consequences of the abuses of the past ten years. And frankly, we deserve it!&quot;</span></b></p><p><b><span style="color: Red"><br /></span></b></p><p><b><span style="color: Red">David Hall, dealer and a principal in the Professional Coin Grading Service </span></b></p><p><b><span style="color: Red">[in a 1988 letter to coin dealers about past abuses and PCGS&#039;s new standard]</span></b></p><p><br /></p><p><a href="http://www.cointalk.org/showthread.php?t=12285" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cointalk.org/showthread.php?t=12285" rel="nofollow">http://www.cointalk.org/showthread.php?t=12285</a></p><p><br /></p><p>Take Care</p><p>Ben[/QUOTE]</p><p><br /></p>

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