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<p>[QUOTE=&quot;Lehigh96, post: 957634, member: 15309&quot;]If that is true, then the public statements by David Hall (PCGS) about stopping gradeflation are nothing more than theater as they secretly want gradeflation to continue in order to boost revenues.</p><p><br /></p><p>I wonder if anyone has statistics as to the percentage of revenues based on source for the TPG&#039;s.&nbsp; I am willing to bet that the largest source is moderns, followed by classics, and that resubmissions are a very small percentage of their overall revenue.</p><p><br /></p><p>And under my theory, the TPG&#039;s don&#039;t need to modify their standards at all in order to capture the resubmission market.&nbsp; The crackout artists will resubmit coins based on the potential profit of an upgrade relying on the inherent incosistencies of the grading process.&nbsp; Your theory basically states that the TPG&#039;s are willing to sacrifice their consumer confidence in order to increase their revenues of one of their smallest sources.&nbsp; I am not buying that!</p><p><br /></p><p>If you had said they loosen their standards in order to steal market share from their competitors, I could see that happening.&nbsp; Personally, I think that is a terrible long term decision because as soon as you get the reputation as being more liberal with your grading standards than the other guy, your prices will start to fall, and you will lose customers in droves to the competition.</p><p><br /></p><p>Again, it is my firm belief that gradeflation is a natural result of the inherent inconsistencies of the grading process.&nbsp; I am not disputing that the TPG&#039;s dont make minor changes to grading standards for particular series from time to time.&nbsp; However, I do not believe that they intentionally loosen standards to boost revenues.[/QUOTE]</p><p><br /></p>

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