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Has anyone ever given up on getting coins graded?
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<p>[QUOTE="GDJMSP, post: 2851260, member: 112"]Having a coin graded does not change its value. Any coin is worth the same amount raw as it is in a slab.</p><p><br /></p><p>And yes, liquidity is a valid reason to have a coin graded and slabbed. In simple terms it makes it easier to sell the coin. The reason it does this is because there are so many people who do not know how to grade coins and or authenticate them. So having a coin graded and slabbed greatly increases the number of potential buyers. </p><p><br /></p><p><br /></p><p><br /></p><p>First of all, investing in coins is a fools errand. 95% or more of all collectors lose money on their collections. Regardless of how long they keep the coins.</p><p><br /></p><p>There are multiple reasons that this happens. The vast majority of collectors do not know how to grade, nor do they have the ability to identify problem coins, nor do they have ability to identify counterfeits. </p><p><br /></p><p>And while the situation has improved in recent years, there are still many collectors who do not even know who the bad TPGs are. Let alone how to identify fake TPG slabs. </p><p><br /></p><p>What I'm trying to tell you, and others who read this, is that cards are stacked against you. And when you throw in the fickleness of the coin market - you don't have a chance.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2851260, member: 112"]Having a coin graded does not change its value. Any coin is worth the same amount raw as it is in a slab. And yes, liquidity is a valid reason to have a coin graded and slabbed. In simple terms it makes it easier to sell the coin. The reason it does this is because there are so many people who do not know how to grade coins and or authenticate them. So having a coin graded and slabbed greatly increases the number of potential buyers. First of all, investing in coins is a fools errand. 95% or more of all collectors lose money on their collections. Regardless of how long they keep the coins. There are multiple reasons that this happens. The vast majority of collectors do not know how to grade, nor do they have the ability to identify problem coins, nor do they have ability to identify counterfeits. And while the situation has improved in recent years, there are still many collectors who do not even know who the bad TPGs are. Let alone how to identify fake TPG slabs. What I'm trying to tell you, and others who read this, is that cards are stacked against you. And when you throw in the fickleness of the coin market - you don't have a chance.[/QUOTE]
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Has anyone ever given up on getting coins graded?
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