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<p>[QUOTE="Troodon, post: 443276, member: 4626"]I'm amused that the grading companies get away with this kind of scam. The top TPG's are no better than outfits like SGS... worse in a way, because nobody's calling them on it!</p><p><br /></p><p>The plastic case with a grade on it isn't supposed to make the <i>coin</i> more valuable, is it? If an almost perfect coin is worth about $20, why's it worth 30 times that an extra point higher? Logic would dictate to me if you want to collect one of these, you'd be a fool to pay a rediculous price for an allegedly perfect one instead of the almost perfect one, especially given how arbitrary that 1 point difference is.</p><p><br /></p><p>Even if you're investing instead of collecting... it can't be ignored that there's a risk down the road of people deciding that MS 70's of these shouldn't really be worth 30 times an MS 69... or that the company overgraded them ,and they really are only a 69. Then you paid $6000 for a $20 coin!</p><p><br /></p><p>Another possibility is those realized auction prices are a result of people who can afford the vanity to be the one with a registry set of a bunch of 70's... and want it so bad they'll pay rediculous money to get them, since who knows when the TPG's will be in a mood to gives 70's to any of them? At one time some TPG's beleived there was no such thing as perfect, and nothing should get a 70, then those who want the perfect registry set, even of common coins, won't be able to stoke their pride at any price.</p><p><br /></p><p>At the end of the day all you really have is a common coin only marginally better than one you could have got at 1/30 the price. That's something to be proud of?!!! Next people will be bragging about how much they spent on magic beans!</p><p><br /></p><p>A common coin is a common coin... even if some TPG slaps the best grade possible on it, an allegedly perfect coin should logically only be worth marginally more than an almost perfect one! Especially since perfection is just an arbitrary judgement call anyway. (The TPGs often can't agree, even amonst graders in the same company, how perfect perfect actually is, and 69 to 70 is a rediculously thin line to have such a huge value jump!)</p><p><br /></p><p>This is seriously insane... please tell me I'm not alone in thinking that!</p><p><br /></p><p><br /></p><p><br /></p><p>I'll go ahead and discount it. A mintage figure is a fact. A condition is an opinion. I'm supposed to believe that a coin with a mintage in the hundreds of millions is worth $5000 just because some TPG thinks it's perfect today? Sorry, not buying it. The fact that MS 70 is a rarely achieved grade says a lot more about the graders than the coins, and maybe someday they'll loosen or tighten the standards... suddenly it may be eaiser to get a 70, or someday that might decide the 70's are actually 69's... and then how smart will the people who shelled out tons of money on the TPG's opinions of perfection going to feel? I honestly hope that happens, because that's one more step towards people storming the TPG's with torches and pitchforks for ripping them off all these years.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 443276, member: 4626"]I'm amused that the grading companies get away with this kind of scam. The top TPG's are no better than outfits like SGS... worse in a way, because nobody's calling them on it! The plastic case with a grade on it isn't supposed to make the [I]coin[/I] more valuable, is it? If an almost perfect coin is worth about $20, why's it worth 30 times that an extra point higher? Logic would dictate to me if you want to collect one of these, you'd be a fool to pay a rediculous price for an allegedly perfect one instead of the almost perfect one, especially given how arbitrary that 1 point difference is. Even if you're investing instead of collecting... it can't be ignored that there's a risk down the road of people deciding that MS 70's of these shouldn't really be worth 30 times an MS 69... or that the company overgraded them ,and they really are only a 69. Then you paid $6000 for a $20 coin! Another possibility is those realized auction prices are a result of people who can afford the vanity to be the one with a registry set of a bunch of 70's... and want it so bad they'll pay rediculous money to get them, since who knows when the TPG's will be in a mood to gives 70's to any of them? At one time some TPG's beleived there was no such thing as perfect, and nothing should get a 70, then those who want the perfect registry set, even of common coins, won't be able to stoke their pride at any price. At the end of the day all you really have is a common coin only marginally better than one you could have got at 1/30 the price. That's something to be proud of?!!! Next people will be bragging about how much they spent on magic beans! A common coin is a common coin... even if some TPG slaps the best grade possible on it, an allegedly perfect coin should logically only be worth marginally more than an almost perfect one! Especially since perfection is just an arbitrary judgement call anyway. (The TPGs often can't agree, even amonst graders in the same company, how perfect perfect actually is, and 69 to 70 is a rediculously thin line to have such a huge value jump!) This is seriously insane... please tell me I'm not alone in thinking that! I'll go ahead and discount it. A mintage figure is a fact. A condition is an opinion. I'm supposed to believe that a coin with a mintage in the hundreds of millions is worth $5000 just because some TPG thinks it's perfect today? Sorry, not buying it. The fact that MS 70 is a rarely achieved grade says a lot more about the graders than the coins, and maybe someday they'll loosen or tighten the standards... suddenly it may be eaiser to get a 70, or someday that might decide the 70's are actually 69's... and then how smart will the people who shelled out tons of money on the TPG's opinions of perfection going to feel? I honestly hope that happens, because that's one more step towards people storming the TPG's with torches and pitchforks for ripping them off all these years.[/QUOTE]
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