Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
"First Strike" and other nonsense
>
Reply to Thread
Message:
<p>[QUOTE="dreamer94, post: 167326, member: 6449"]I think the fundamental issue here is credibility. If the certification services are willing to certify something that, by general agreement, doesn't exist, what else are they doing that is inaccurate? The problem is that they have an inherent conflict of interest. Their income depends on making customers happy, so they are motivated to upgrade and designate special categories that may or may not exist. I'm sure that if NGC refused to designate coins as "First Strike" the dealers would find someone else to do it and NGC would lose a lot of business. </p><p> </p><p>The best way to do this would be in the same way that scientific publications are reviewed. In the process of "peer review", articles are sent to more than one independent reviewer. Each reviews the work without knowledge of the others' reviews. If they disagree, an editor adjudicates. Neither the reviewer nor the editor stand to gain or lose financially depending on the outcome of the review. In fact, anyone with a financial interest in the subject of the paper is disqualified from reviewing.[/QUOTE]</p><p><br /></p>
[QUOTE="dreamer94, post: 167326, member: 6449"]I think the fundamental issue here is credibility. If the certification services are willing to certify something that, by general agreement, doesn't exist, what else are they doing that is inaccurate? The problem is that they have an inherent conflict of interest. Their income depends on making customers happy, so they are motivated to upgrade and designate special categories that may or may not exist. I'm sure that if NGC refused to designate coins as "First Strike" the dealers would find someone else to do it and NGC would lose a lot of business. The best way to do this would be in the same way that scientific publications are reviewed. In the process of "peer review", articles are sent to more than one independent reviewer. Each reviews the work without knowledge of the others' reviews. If they disagree, an editor adjudicates. Neither the reviewer nor the editor stand to gain or lose financially depending on the outcome of the review. In fact, anyone with a financial interest in the subject of the paper is disqualified from reviewing.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
"First Strike" and other nonsense
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...