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<p>[QUOTE="Bonedigger, post: 178139, member: 4367"]So nothing has really changed for the better in the five years since you wrote this or however many years since competition with ANACS began. Your right Doug, there's no single standard all grading companies adhere to and there are many more (new and different ones almost daily) grading now than ever. It's really Out-Of-Control...</p><p><br /></p><p>When a quick buck is to be made standards go out the window. The ANA needs to get a powerful attorney and parlay with the Federal Reserve System/Mint. Sit down over coffee and inform them exactly what the goings on in Coin Collecting are. Has this ever been tried?</p><p><br /></p><p>I mean if the FED and the U.S. Mint can make the (New, Unique, and Extremely Valuable) material which collectors fawn over then they should be aware of the shenanigans being pulled in the name of the game. I'll be willing to bet if Ben Bernanke got burned on a Golden Buffalo from Star Grading Service with a First Strike, MS-70 designation that had a giant thumb-print there would be some rumblings in the belly of the beast. </p><p><br /></p><p>Since coin collecting is turning into an investment method and many times a large part of ones portfolio Federal Regulation needs to be implemented. Just like banks and credit unions Third Party Grading Companies have got to be held to a upfront, transparent, and established standard... </p><p><br /></p><p>We've all heard the jokes about Joe's or Fred's bank <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Ben[/QUOTE]</p><p><br /></p>
[QUOTE="Bonedigger, post: 178139, member: 4367"]So nothing has really changed for the better in the five years since you wrote this or however many years since competition with ANACS began. Your right Doug, there's no single standard all grading companies adhere to and there are many more (new and different ones almost daily) grading now than ever. It's really Out-Of-Control... When a quick buck is to be made standards go out the window. The ANA needs to get a powerful attorney and parlay with the Federal Reserve System/Mint. Sit down over coffee and inform them exactly what the goings on in Coin Collecting are. Has this ever been tried? I mean if the FED and the U.S. Mint can make the (New, Unique, and Extremely Valuable) material which collectors fawn over then they should be aware of the shenanigans being pulled in the name of the game. I'll be willing to bet if Ben Bernanke got burned on a Golden Buffalo from Star Grading Service with a First Strike, MS-70 designation that had a giant thumb-print there would be some rumblings in the belly of the beast. Since coin collecting is turning into an investment method and many times a large part of ones portfolio Federal Regulation needs to be implemented. Just like banks and credit unions Third Party Grading Companies have got to be held to a upfront, transparent, and established standard... We've all heard the jokes about Joe's or Fred's bank :) Ben[/QUOTE]
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