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<p>[QUOTE="Endeavor, post: 1897507, member: 60292"]Yup. The internet made TPG's huge. Not that they weren't providing a needed service before the internet, but they went to a whole new level. So big in fact that PCGS is listed on NASDAQ. I think they deserve credit for making coin collecting more popular, but hopefully they also don't lead it to its destruction. Since they have shareholders, they are now "obligated" to make profit for them. Right now the hobby is on fire so all is well. Kind of reminds me of the baseball card collecting hobby when I was a kid. The problems will come (if they do) when the TPG's start coming up with all different types of gimmicks to make money for those shareholders. Shenanigans like different "special" labels, different holders, different sub-levels on grades (like +), different designations on labels, etc. Start doing too many of these gimmicks and people will just give up. What's the point of buying something "special" when something newer comes out every 6 months? Especially if the economy goes into a rut. Let's be honest here, collectors don't just collect for the sake of collecting. Many (as in most) buy their coins with the thought in mind that they will go up in value.[/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 1897507, member: 60292"]Yup. The internet made TPG's huge. Not that they weren't providing a needed service before the internet, but they went to a whole new level. So big in fact that PCGS is listed on NASDAQ. I think they deserve credit for making coin collecting more popular, but hopefully they also don't lead it to its destruction. Since they have shareholders, they are now "obligated" to make profit for them. Right now the hobby is on fire so all is well. Kind of reminds me of the baseball card collecting hobby when I was a kid. The problems will come (if they do) when the TPG's start coming up with all different types of gimmicks to make money for those shareholders. Shenanigans like different "special" labels, different holders, different sub-levels on grades (like +), different designations on labels, etc. Start doing too many of these gimmicks and people will just give up. What's the point of buying something "special" when something newer comes out every 6 months? Especially if the economy goes into a rut. Let's be honest here, collectors don't just collect for the sake of collecting. Many (as in most) buy their coins with the thought in mind that they will go up in value.[/QUOTE]
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