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<p>[QUOTE=&quot;GDJMSP, post: 2625507, member: 112&quot;]I&#039;m not saying that Kurt, not in any way. Are there still raw classic coins out there ? Of course there are, but they simply don&#039;t exist in large numbers. There may well be tens of thousands of them, even hundreds of thousands, but so what ? On a percentage basis that&#039;s nothing ! Back in 2004 NGC and PCGS alone had graded 25 million coins, the vast majority of them being classic coins. Now add in all the other coins graded and slabbed by all the other TPGs. </p><p><br /></p><p>Today, the total number of coins graded by NGC and PCGS alone is approaching 80 million. With half that number being classic coins. Do you really think there are untold millions of classic coins out there having been sitting in collections for 4 or more decades, never having seen a slab ? We don&#039;t even have enough collectors for that to be true. </p><p><br /></p><p>But let&#039;s just assume there was a thousand collectors out there holding classic coins like that, that have never been slabbed. And I don&#039;t believe that there is for a minute, but let&#039;s assume there is. For them to have just 1 million coins, each one would have to be holding a thousand coins. Sounds pretty far fetched to me. So let&#039;s divide by 10, and multiply by 10. Ten thousand collectors, each one holding 100 classic coins that have never been slabbed. Again, sounds pretty far fetched to me. </p><p><br /></p><p>It is estimated that we have at best, maybe 300,000 serious collectors - total. Collectors who would be holding the type of classic coins you&#039;re talking about. Do you really think there&#039;s ten thousand of them who have been holding these raw coins for decades ? But even if there were, that&#039;s how many there&#039;d have to be just to make up 1 million coins. Which again is nothing in the overall scheme of things. </p><p><br /></p><p>I&#039;d also comment that a lot of those raw classic coins you see - came out of slabs. Astute dealers know all too well that cracking out previously slabbed classic coins and offering them as raw coins allows them to present them to the unsuspecting public as &quot;fresh coins on the market&quot; when there is nothing fresh about them. But that simple tactic allows the coins to be sold to those hoping to &quot;hit the lottery&quot;. And I can assure you there is a huge number of people like that out there !</p><p><br /></p><p>Bottom line, the number of classic coins in existence is a finite number. And there are no where near enough of them out there, still raw, to even come to close to supporting the TPGs. So they have no choice but to do what they have been doing - IF they want to stay in business.[/QUOTE]</p><p><br /></p>

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