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Dishonesty of TPGs Beyond Over Grading
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<p>[QUOTE="cwtokenman, post: 207395, member: 2100"]Then none of the letters DH (of PCGS) has written that mention how the grading services have taken advantage of collectors bother you? Or how about his conviction along those same lines in his early slabbing days?</p><p><br /></p><p><br /></p><p><br /></p><p>I guess that is easy to say if there are many raw examples also available. But about 3/4 of the cwt varieties (my primary collecting interest) fall into the 4 highest rarity groups, which means that they have pops between 1 and 20. Passing on a slab could easily mean passing on the only opportunity in my lifetime to own that variety. Unlike regular coinage, slabs have virtually no benefits with cwts IMO. Yet, to compete with the investors that slabbing has brought, often 4 or 5 times the value of the token must be paid for the addition of a plastic tomb. As a collector, I do not see how paying multiples of a token's worth can be viewed as a good thing. I'm sure sellers have no problem with that scenario. Not to mention that I feel their identification and grading skills are not much above a novice level, although they have improved some of late. There are some dies that the tpgs have incorrectly identified on EVERY pertinent slab, and I predict they will continue to do so, because they do not know what they are doing in this area. A read of the book would point them to their error(s), but I imagine them too busy counting their profits to worry about accuracy.[/QUOTE]</p><p><br /></p>
[QUOTE="cwtokenman, post: 207395, member: 2100"]Then none of the letters DH (of PCGS) has written that mention how the grading services have taken advantage of collectors bother you? Or how about his conviction along those same lines in his early slabbing days? I guess that is easy to say if there are many raw examples also available. But about 3/4 of the cwt varieties (my primary collecting interest) fall into the 4 highest rarity groups, which means that they have pops between 1 and 20. Passing on a slab could easily mean passing on the only opportunity in my lifetime to own that variety. Unlike regular coinage, slabs have virtually no benefits with cwts IMO. Yet, to compete with the investors that slabbing has brought, often 4 or 5 times the value of the token must be paid for the addition of a plastic tomb. As a collector, I do not see how paying multiples of a token's worth can be viewed as a good thing. I'm sure sellers have no problem with that scenario. Not to mention that I feel their identification and grading skills are not much above a novice level, although they have improved some of late. There are some dies that the tpgs have incorrectly identified on EVERY pertinent slab, and I predict they will continue to do so, because they do not know what they are doing in this area. A read of the book would point them to their error(s), but I imagine them too busy counting their profits to worry about accuracy.[/QUOTE]
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Dishonesty of TPGs Beyond Over Grading
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