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<p>[QUOTE=&quot;Onofrio Bacigalupo, post: 2404413, member: 67122&quot;] <ol> <li>The coin dealers and coin graders control this whole hobby. It is not about the customer the coin collector it is about fat profits for the dealers and graders. The coin graders such as NGC cater to the dealers thus special labels etc. and those are just what you can see. I’m sure the grading times and grades protect dealer interest as well. The collector’s wallet is the prize for them. I’ve been a serious collector for almost ten years now and I’ve seen this play out over and over. Not many coin books speak to this fact. One that does is Eric Jordan’s “Modern Commemorative Coins” great book and honest and open in an industry that is anything but those two things. I will be moving away from collecting graded coins and trusting NGC to be objective, they are all about the dealers. Bullion from a reputable seller such as APMEX has much less risk, and buying more non US coins at that. The industry has probably always been corrupt and the grading companies have done very little if anything to change that. I’ve lost all respect for NGC’s Credibility as to neutrality between collector and dealer. It’s the later they cater too at the expense of the former. Their view of the collector is that of an endless supply of suckers to be plucked. <br /> </li> </ol><p>[/QUOTE]</p><p><br /></p>

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