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Fixing the Third Party Grading (TPG) Problem
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<p>[QUOTE="Cloudsweeper99, post: 322902, member: 3011"]I don't think the TPGs will be able to improve themselves, but here are a few ideas. Government regulation will only double the cost, hardly an "improvement." It would help to have the TPGs and other professional organizations get together and agree upon a single grading standard to be followed by all. It might also help to separate the actual grading of the coins from the marketing and packaging to better utilize scarce grading resources and possibly reduce the cost. If there was a single pool of professional graders utilized by all TPGs for a fee, the grading might be more consistent and the TPGs could compete on price and service. Slabs graded by this pool could carry some sort of special marking regardless of the slab. I'd also like to see every coin submitted slabbed and described even if they are counterfeit, cleaned, damaged or whatever. However, these things would require the TPGs to give up a little independence, so it will never happen.</p><p><br /></p><p>Edit: The grader pool idea would also make it easier for new TPGs to get into the business because they could outsource the actual grading and concentrate on new slab designs, additional services, price, etc. But this is another reason why the existing TPGs won't permit it. However, it might be a reasonable business idea for a group of graders to consider who don't want to form a TPG company but want to service them all.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 322902, member: 3011"]I don't think the TPGs will be able to improve themselves, but here are a few ideas. Government regulation will only double the cost, hardly an "improvement." It would help to have the TPGs and other professional organizations get together and agree upon a single grading standard to be followed by all. It might also help to separate the actual grading of the coins from the marketing and packaging to better utilize scarce grading resources and possibly reduce the cost. If there was a single pool of professional graders utilized by all TPGs for a fee, the grading might be more consistent and the TPGs could compete on price and service. Slabs graded by this pool could carry some sort of special marking regardless of the slab. I'd also like to see every coin submitted slabbed and described even if they are counterfeit, cleaned, damaged or whatever. However, these things would require the TPGs to give up a little independence, so it will never happen. Edit: The grader pool idea would also make it easier for new TPGs to get into the business because they could outsource the actual grading and concentrate on new slab designs, additional services, price, etc. But this is another reason why the existing TPGs won't permit it. However, it might be a reasonable business idea for a group of graders to consider who don't want to form a TPG company but want to service them all.[/QUOTE]
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