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<p>[QUOTE="tmoneyeagles, post: 4490746, member: 17557"]The market where people are buying coins.</p><p><br /></p><p><br /></p><p><br /></p><p>I was unaware that ICG and ANACS had closed up shop, and that all basement slabbers had retired as well. The market where people are buying coins have decided that PCGS and NGC are the two best choices. The market where people are buying coins have decided that anyone not PCGS and NGC is by and large irrelevant. No one has forced anybody to buy only PCGS and NGC coinage, and both companies would go bankrupt tomorrow if collectors willed it so.</p><p><br /></p><p><br /></p><p><br /></p><p>We are driving their profit. Every time we engage in a voluntary transaction, by where we send off coinage to any TPG, we are making the decision that the value they provide through their service is worth more than the value we have created through our own means, and are holding in the form of dollars, which we will use as payment.</p><p><br /></p><p>There are collectors that will only buy slabbed coinage, to boot collectors that only buy PCGS or NGC because they are registry collectors, or believe--rightly so from the perspective of realized prices--that PCGS plastic is worth more to collectors than NGC plastic.</p><p><br /></p><p>Their profit does not happen without us engaging in that voluntary transaction to get our coins graded, as well as the demand for said plastic on the market.</p><p><br /></p><p>The evil empires of PCGS and NGC cannot just do whatever they want without repercussion. Again, tomorrow we could all decide to stop sending coins in for grading, and stop buying all slabbed coinage. Tomorrow we could all decide this, until those dastardly TPGs clam up and listen to our demands--whatever those even are.</p><p><br /></p><p><br /></p><p><br /></p><p>The most disgusting thing grading companies do is outright refuse to grade coins according to the scale we've agreed upon. Grading is subjective, but not <i>that </i>subjective.</p><p><br /></p><p>This is a key date R-5, so wear doesn't matter, MS65+. <i>Excuse me, what?</i></p><p><i><br /></i></p><p><b>We either have a grading scale or we don't.</b></p><p><br /></p><p><br /></p><p><br /></p><p>I think we have a good balance between a grading scale that allows us to express the details present on a coin, and at the same time a scale that is not overly confusing. We start to upset that balance once we start talking about grades with decimal places in them.</p><p><br /></p><p>What we have now is better than a scale with 60-65-70 as its only mint state options. If it wasn't, collectors would stop using it.[/QUOTE]</p><p><br /></p>
[QUOTE="tmoneyeagles, post: 4490746, member: 17557"]The market where people are buying coins. I was unaware that ICG and ANACS had closed up shop, and that all basement slabbers had retired as well. The market where people are buying coins have decided that PCGS and NGC are the two best choices. The market where people are buying coins have decided that anyone not PCGS and NGC is by and large irrelevant. No one has forced anybody to buy only PCGS and NGC coinage, and both companies would go bankrupt tomorrow if collectors willed it so. We are driving their profit. Every time we engage in a voluntary transaction, by where we send off coinage to any TPG, we are making the decision that the value they provide through their service is worth more than the value we have created through our own means, and are holding in the form of dollars, which we will use as payment. There are collectors that will only buy slabbed coinage, to boot collectors that only buy PCGS or NGC because they are registry collectors, or believe--rightly so from the perspective of realized prices--that PCGS plastic is worth more to collectors than NGC plastic. Their profit does not happen without us engaging in that voluntary transaction to get our coins graded, as well as the demand for said plastic on the market. The evil empires of PCGS and NGC cannot just do whatever they want without repercussion. Again, tomorrow we could all decide to stop sending coins in for grading, and stop buying all slabbed coinage. Tomorrow we could all decide this, until those dastardly TPGs clam up and listen to our demands--whatever those even are. The most disgusting thing grading companies do is outright refuse to grade coins according to the scale we've agreed upon. Grading is subjective, but not [I]that [/I]subjective. This is a key date R-5, so wear doesn't matter, MS65+. [I]Excuse me, what? [/I] [B]We either have a grading scale or we don't.[/B] I think we have a good balance between a grading scale that allows us to express the details present on a coin, and at the same time a scale that is not overly confusing. We start to upset that balance once we start talking about grades with decimal places in them. What we have now is better than a scale with 60-65-70 as its only mint state options. If it wasn't, collectors would stop using it.[/QUOTE]
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