Discussion in 'Coin Chat' started by longnine009, Dec 25, 2019.
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Nothing is 100 percent, but there's different levels. This sounds like it's essentially going to be a road map of where coins aka a road map for robbers if they hack the system.
There's really not a lack of confidence. If anything this might exacerbate one of the issues as a number of people feel they should be able to buy from dealer prices or get wholesale pricing for small orders.
I'll wait and see more, but my initial reaction is I don't really see this catching on or being the norm
Yet another gimmick. Becoming all too common in the hobby.
Sounded more like a tracking service to me.
It's basically a tracking sticker put on the slabs. You're supposed to scan it and update the info anytime it changes hands. You're basically supposed to pay to have your coins put into a nationwide inventory from what they were saying.
I'm sure I'm not the only one who won't be paying $10 a coin in order to have it tracked
Maybe not, but there was a time where it was a lot harder for them to find out what those dealer/wholesale prices actually were. In my opinion it's not a lack of confidence that's been the issue or inability to detect fake slabs but the blending of pricing like that. Wholesale sight unseen pricing is for big orders where you don't reject anything yet a lot of people seem to think that's relevant for picking a single best example.
It is what it is and part of the reason for declining prices in common areas since if you have to sell for wholesale than you're going to be buying them under that
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