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Does this MS61 have wear?
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<p>[QUOTE="Lehigh96, post: 837566, member: 15309"]Anyone submitting a coin for grading is hoping for the highest grade. Higher grades equal more money for the submitter. Not only must the TPG perform a balancing act, the submitters must engage in a balancing act of their own. After all, they could just submit their coins to ICG and get higher grades than PCGS or NGC. The problem is that ICG does not have the reputation for grading accuracy that both PCGS & NGC do and the consumers will not pay the price for the grade that is on the label. When choosing between PCGS & NGC, they still play the same game. It is believed that NGC gives higher grades, but it is fact that PCGS holdered coins drive higher prices across many different series. </p><p> </p><p> </p><p> </p><p><br /></p><p>The TPG's must adjust to the market and I submit they do. If they relax their standards, it is due to pressure to increase submission revenues. If they tighten their standards it is usually to build consumer confidence in the accuracy and consistency of their assigned grades. If they never tighten their standards, both PCGS & NGC risk falling out of the top tier and joining ICG & ANACS in the second tier.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 837566, member: 15309"]Anyone submitting a coin for grading is hoping for the highest grade. Higher grades equal more money for the submitter. Not only must the TPG perform a balancing act, the submitters must engage in a balancing act of their own. After all, they could just submit their coins to ICG and get higher grades than PCGS or NGC. The problem is that ICG does not have the reputation for grading accuracy that both PCGS & NGC do and the consumers will not pay the price for the grade that is on the label. When choosing between PCGS & NGC, they still play the same game. It is believed that NGC gives higher grades, but it is fact that PCGS holdered coins drive higher prices across many different series. The TPG's must adjust to the market and I submit they do. If they relax their standards, it is due to pressure to increase submission revenues. If they tighten their standards it is usually to build consumer confidence in the accuracy and consistency of their assigned grades. If they never tighten their standards, both PCGS & NGC risk falling out of the top tier and joining ICG & ANACS in the second tier.[/QUOTE]
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Does this MS61 have wear?
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