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<p>[QUOTE=&quot;rbm86, post: 9272, member: 854&quot;]Thanks for your post, GDJMSP.&nbsp; </p><p><br /></p><p>Actually, I am more comfortable now with the grading system than ever before.&nbsp; I have been collecting coins since I was a kid, but got turned off by the market in the late 80s when grading was very inconsistent and coin prices for mint state coins were crazy (i.e. 1881-S Morgans going for $1000 in MS-65).&nbsp; For years, all I did was buy proof sets from the mint, but now have sort of &quot;re-entered&quot; the market because prices are more sane and grading appears to be more consistent.&nbsp; </p><p><br /></p><p>My main concern is people getting ripped off through misleading grading.&nbsp; On the positive side, it seems that the grading system we have now has reduced the huge ripoffs that the FTC clamped down on.&nbsp; It just appears now that small-scale ripoffs are proliferating in areas such as Ebay and TV, which may invite unwanted regulation of the coin industry if the current self-regulation is not tightened.&nbsp; </p><p><br /></p><p>I guess I am somewhat perplexed as to why the dealer/collector community would not want to adopt something like &quot;generally accepted grading standards&quot; (GAGS???).&nbsp; Perhaps there is a natural preference for less regulation, but I would think this would be good as it would help weed out unethical dealers and stave off outside regulation.&nbsp; Frankly, I prefer less regulation too, so I hope I am wrong about unwanted government regulation.</p><p><br /></p><p>By the way, which books did you write???[/QUOTE]</p><p><br /></p>

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