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Gradeflation or so I have been told.
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<p>[QUOTE="kaparthy, post: 65065, member: 57463"]Ah, the old can of worms is open again! No, BZ, that is not the reason why NNC or NNT or whatever do not sell for the money of the grade on the holder. It is all a matter of so-called "market acceptance." I am not defending either side of this. The fact is that four firms are just just "well-known" but that they are "best known." </p><p><br /></p><p>That familiarity might not be objectively based. It might be faddish or trendy or bought and paid for, but it is reflected in the way coins are bought and sold. And that is real, even if it is not "rational" or "empirical."</p><p><br /></p><p>Modern foreign coins are slabbed in the USA. American tokens are slabbed. Paper money has recently come into this circle, as well. Even so, there are many areas of numismatics where slabbing is not part of the common culture.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 65065, member: 57463"]Ah, the old can of worms is open again! No, BZ, that is not the reason why NNC or NNT or whatever do not sell for the money of the grade on the holder. It is all a matter of so-called "market acceptance." I am not defending either side of this. The fact is that four firms are just just "well-known" but that they are "best known." That familiarity might not be objectively based. It might be faddish or trendy or bought and paid for, but it is reflected in the way coins are bought and sold. And that is real, even if it is not "rational" or "empirical." Modern foreign coins are slabbed in the USA. American tokens are slabbed. Paper money has recently come into this circle, as well. Even so, there are many areas of numismatics where slabbing is not part of the common culture.[/QUOTE]
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Gradeflation or so I have been told.
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