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<p>[QUOTE="dougsmit, post: 2013751, member: 19463"]Certainly not. In the long run, it will not increase the collector base but bring in only those buyers I really do not want in the hobby. I see the practice destructive to the hobby because the people it will draw are mostly investor minded or not willing to put the minimal study into the matter needed to buy a $25 raw so they prefer to pay $100 for one in a slab. I also fear the backlash that will come when some of these people decide to sell their $100 purchases but find that many dealers will not return their investment in plastic so they will pay only the $10 they would ordinarily pay for a coin they would sell for $25. These people will feel cheated and decide the hobby is full of crooks. </p><p><br /></p><p>Another matter is that while David Vagi is an expert in coins, he is not the greatest expert I know. There is no single, infallible expert in all fields. There are people on this list whose opinion I would value more highly on certain coins. I would rather pay a top notch dealer I trust for the coin they sell with a 100% lifetime guarantee (find it is a fake and I'll return your money). Everybody makes an occasional mistake. If I buy a mistake from CNG, Harlan Berk or Barry Murphy (one of many VCoins dealers and a person I trust fully), I will expect them to make it right. If NCG makes an error do I even get my $35 back? I have much less a problem with coins certified by David Sear since he does not encapsulate coins but leaves them so I can see, photograph and examine details (edge in particular) if a question later arises. He sells his opinion but does not lessen the coin in the process.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2013751, member: 19463"]Certainly not. In the long run, it will not increase the collector base but bring in only those buyers I really do not want in the hobby. I see the practice destructive to the hobby because the people it will draw are mostly investor minded or not willing to put the minimal study into the matter needed to buy a $25 raw so they prefer to pay $100 for one in a slab. I also fear the backlash that will come when some of these people decide to sell their $100 purchases but find that many dealers will not return their investment in plastic so they will pay only the $10 they would ordinarily pay for a coin they would sell for $25. These people will feel cheated and decide the hobby is full of crooks. Another matter is that while David Vagi is an expert in coins, he is not the greatest expert I know. There is no single, infallible expert in all fields. There are people on this list whose opinion I would value more highly on certain coins. I would rather pay a top notch dealer I trust for the coin they sell with a 100% lifetime guarantee (find it is a fake and I'll return your money). Everybody makes an occasional mistake. If I buy a mistake from CNG, Harlan Berk or Barry Murphy (one of many VCoins dealers and a person I trust fully), I will expect them to make it right. If NCG makes an error do I even get my $35 back? I have much less a problem with coins certified by David Sear since he does not encapsulate coins but leaves them so I can see, photograph and examine details (edge in particular) if a question later arises. He sells his opinion but does not lessen the coin in the process.[/QUOTE]
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