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<p>[QUOTE=&quot;Blissskr, post: 2624124, member: 34882&quot;][USER=76863]@baseball21[/USER] you can believe whatever you want. But sorry economically it doesn&#039;t make any sense for a dealer to buy a coin for x amount, then spend even more to have reholdered. Unless via gradeflation the regrade adds value not only above the net acquisition cost including the fee&#039;s for regrading but also enhances their profit as the result. Collectors maybe, but dealers at least those whose businesses are going to survive aren&#039;t going to waste money doing this unless it adds value. Do some coins come out as losses, sure but the overall wins must have been great enough to drive the entire crack out game process. If it didn&#039;t it would quickly stop as continued losses mean going out of business.</p><p><br /></p><p>And sure a small margin of coins get cracked out for other reasons absolutely, but I bet it&#039;s less than a few % total. Where are all the millions of coins slabbed for the last 30 years at then if they didn&#039;t get reholdered over and over as grading standards loosened to what was market acceptable. Market acceptability driven by the TPG&#039;s who are in the business to make a profit not preserve the purity of Numismatic grading standards. I will agree with your point on not every older holder upgrading though. That ship has largely sailed as it&#039;s mostly dogs left in older holders at this point besides those that have been held in long term collections which come to market infrequently.[/QUOTE]</p><p><br /></p>

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