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<p>[QUOTE="cdb1950, post: 29482, member: 1735"]<a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=10768&item=3943034475" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=10768&item=3943034475" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=10768&item=3943034475</a></p><p><br /></p><p>See Ebay auction # 3943034475</p><p><br /></p><p>This will give you a good idea of how reliable this grading service is. As far as I know, there are NO MS70 mint state quarters, I think MS68 is the top for any year, yet this seller has a COMPLETE SET of D mint state quarters graded MS70! WOW!</p><p><br /></p><p>Can he get away with this? Every time I see something like this, I think about the loving person that wants to leave a valuable legacy to their grandchildren and will spend a ton of money to get something that would be worth thousands of dollars if it were real. Really burns me up!</p><p><br /></p><p>I don't think Ebay is interested in doing anything to remedy this. The problem is that grading is simply an opinion of condition. Rarely would 50 people all come up with the same grade for a coin. Everyone has a right to think their coin is anything they want it to be, so MS70 could legitimately be different things to different people, but being 'officially' encapsulated lends an air of credibility to the grade that some uninitiated folks will take as gospel. As a result, they will feel comfortable spending lots of money for the coins. </p><p><br /></p><p>I suspect Ebay is willing to sit back and let the market take care of its self, that is, this will eventually go away if enough people realize they've been duped and put the seller out of business. The only problem in this case, the buyer may never know that this is a bad deal. A savvy buyer will avoid this seller like the plague, or will, at least, immediately recognize the departure from generally accepted market standards, but in many instances, only the heirs who will try to sell these coins later on will learn of this. Then, they will get mad at the dealer who only wants to pay face value for the coins and think the dealer is trying to rip them off. Bad for business all the way around.</p><p><br /></p><p>I don't know how to protect people from this kind of dealer because if his opinion is that the coins grade MS70, then that's his right. And if he wants to encapsulate them and sell them at his grades, he can do that, too. No TPG company is 100% consistant, and grading/market standards can change over time, so who is really to say that all these MS70 coins can't be graded that way? It's all just a matter of opinion.</p><p><br /></p><p>It's a real quandry. Maybe a computer program that will consistantly grade coins?[/QUOTE]</p><p><br /></p>
[QUOTE="cdb1950, post: 29482, member: 1735"][url]http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=10768&item=3943034475[/url] See Ebay auction # 3943034475 This will give you a good idea of how reliable this grading service is. As far as I know, there are NO MS70 mint state quarters, I think MS68 is the top for any year, yet this seller has a COMPLETE SET of D mint state quarters graded MS70! WOW! Can he get away with this? Every time I see something like this, I think about the loving person that wants to leave a valuable legacy to their grandchildren and will spend a ton of money to get something that would be worth thousands of dollars if it were real. Really burns me up! I don't think Ebay is interested in doing anything to remedy this. The problem is that grading is simply an opinion of condition. Rarely would 50 people all come up with the same grade for a coin. Everyone has a right to think their coin is anything they want it to be, so MS70 could legitimately be different things to different people, but being 'officially' encapsulated lends an air of credibility to the grade that some uninitiated folks will take as gospel. As a result, they will feel comfortable spending lots of money for the coins. I suspect Ebay is willing to sit back and let the market take care of its self, that is, this will eventually go away if enough people realize they've been duped and put the seller out of business. The only problem in this case, the buyer may never know that this is a bad deal. A savvy buyer will avoid this seller like the plague, or will, at least, immediately recognize the departure from generally accepted market standards, but in many instances, only the heirs who will try to sell these coins later on will learn of this. Then, they will get mad at the dealer who only wants to pay face value for the coins and think the dealer is trying to rip them off. Bad for business all the way around. I don't know how to protect people from this kind of dealer because if his opinion is that the coins grade MS70, then that's his right. And if he wants to encapsulate them and sell them at his grades, he can do that, too. No TPG company is 100% consistant, and grading/market standards can change over time, so who is really to say that all these MS70 coins can't be graded that way? It's all just a matter of opinion. It's a real quandry. Maybe a computer program that will consistantly grade coins?[/QUOTE]
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