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<p>[QUOTE="physics-fan3.14, post: 2963396, member: 19165"]Okay, just wanted to check.</p><p><br /></p><p>So, for the past several years, people have been complaining about "gradeflation." </p><p><br /></p><p>For several years, we've also been in a bull (upwards) market. In a bull market, optimism prevails and grades tend to loosen. </p><p><br /></p><p>However, now that the coin market is in a downward trend, there is a linked tightening of grades. That is completely expected. Values are decreasing, and so market grading (which is really judging the value of coins) is getting tighter. For the past year or so, the market has been in a secular trend, and grading has been getting tighter. Both of these are good things for the collector/buyer. </p><p><br /></p><p>I would argue that this is a natural, healthy, and expected trend in grading. It also follows previous downturns in the market (if there was a way to accurately correlate the date graded to the slab number, you could fairly accurately predict which coins were undergraded. This is one of the true advantages of slab-historians and old-timers in a bull market). </p><p><br /></p><p>However, people newer to the hobby perceive this as an unjust tightening, restrictive grading, and unfair practices. They lack the long term perspective of the hobby, and market cycles. Not saying this is where you're at, but don't be influenced by newer hobbyists. </p><p><br /></p><p>For example, Insider loves to brag about how long he's been in the hobby. Doug loves to talk about gradeflation. These old timers have seen these cycles, and we can all benefit from their longer perspective (even if they come across as slightly crazy, now and then).[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 2963396, member: 19165"]Okay, just wanted to check. So, for the past several years, people have been complaining about "gradeflation." For several years, we've also been in a bull (upwards) market. In a bull market, optimism prevails and grades tend to loosen. However, now that the coin market is in a downward trend, there is a linked tightening of grades. That is completely expected. Values are decreasing, and so market grading (which is really judging the value of coins) is getting tighter. For the past year or so, the market has been in a secular trend, and grading has been getting tighter. Both of these are good things for the collector/buyer. I would argue that this is a natural, healthy, and expected trend in grading. It also follows previous downturns in the market (if there was a way to accurately correlate the date graded to the slab number, you could fairly accurately predict which coins were undergraded. This is one of the true advantages of slab-historians and old-timers in a bull market). However, people newer to the hobby perceive this as an unjust tightening, restrictive grading, and unfair practices. They lack the long term perspective of the hobby, and market cycles. Not saying this is where you're at, but don't be influenced by newer hobbyists. For example, Insider loves to brag about how long he's been in the hobby. Doug loves to talk about gradeflation. These old timers have seen these cycles, and we can all benefit from their longer perspective (even if they come across as slightly crazy, now and then).[/QUOTE]
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