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Graded TPG Slabs vs Insurance Companies??
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<p>[QUOTE="Silver Striker, post: 115740, member: 1745"]Ok, were back to the argument that Coin Grading is an opinion. However, the collector's argument can be made that SGS has graded thousands of coins so the coins should be graded closely. The further argument is that who is the appraiser and what is his/her expertise on grading coins? What makes the insurance appraiser's opinion gospel? I know let's send in the SGS grader for their expert opinion and appraisal.</p><p><br /></p><p>Has anyone here had their collections insured? Was the slabbed graded value knocked down for not being graded by one of the top tier grading companies? I can understand the appraiser giving lower value for unslabbed and graded coins but...</p><p><br /></p><p>I wonder how this would fair out in court? A battle for insuring a collection verses the insurance company's appraisers and the TPG Company’s so called expert opinion.</p><p><br /></p><p>After all grading is a subjective opinion.</p><p><br /></p><p>Looking at the coins I've seen so far I seriously doubt SGS even looking at their graded coins through any maginifyer to expertly examine and grade the coins properly. They just give them the old eyeball test. Or if it comes directly from the mint it MUST be PR70 or MS70 and just slab the darn things.[/QUOTE]</p><p><br /></p>
[QUOTE="Silver Striker, post: 115740, member: 1745"]Ok, were back to the argument that Coin Grading is an opinion. However, the collector's argument can be made that SGS has graded thousands of coins so the coins should be graded closely. The further argument is that who is the appraiser and what is his/her expertise on grading coins? What makes the insurance appraiser's opinion gospel? I know let's send in the SGS grader for their expert opinion and appraisal. Has anyone here had their collections insured? Was the slabbed graded value knocked down for not being graded by one of the top tier grading companies? I can understand the appraiser giving lower value for unslabbed and graded coins but... I wonder how this would fair out in court? A battle for insuring a collection verses the insurance company's appraisers and the TPG Company’s so called expert opinion. After all grading is a subjective opinion. Looking at the coins I've seen so far I seriously doubt SGS even looking at their graded coins through any maginifyer to expertly examine and grade the coins properly. They just give them the old eyeball test. Or if it comes directly from the mint it MUST be PR70 or MS70 and just slab the darn things.[/QUOTE]
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