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How do PCGS & NGC “Guarantee” their grading?
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<p>[QUOTE="eddiespin, post: 5395021, member: 4920"]But doesn't their price guides put them in a pickle, is what I'm saying, when they can't stand behind them? They're their own representations of value. Forget what the coins actually sell for in the auctions, which are truer representations of fair market value, at any given point in time. Take PCGS. What are they representing goes into their price guides? Auctions. Actual live market data. As their price guide is being adjusted up or down from week to week even at times day to day, they're representing those aren't bullshit, but the professional appraisals of timely market composites. It's like the faith we have in the stock market. We buy and sell on those prices. These price guides are no different. They're stock markets for coins. They're purportedly tracking in real time the fair market value of coins. Think if PCGS represented otherwise. They'd be laughed out of the business like they're clowns. And therein lies the dilemma when the moment of truth arrives and the time comes to deliver on their bigshot guarantees they go on and on about to instill consumer confidence in their professionalism. Why trust them to market grade our coins if their market data is bullshit? Trust me, I'll market grade your coins. Why not, what's the difference? So there's what I'm saying. I want their price guide price. They represent that's the price? Deliver on that representation when the time to comes. Stand by your good word. Otherwise, you're <span style="color: #ff4d4d">edited</span>. That's how I see it.[/QUOTE]</p><p><br /></p>
[QUOTE="eddiespin, post: 5395021, member: 4920"]But doesn't their price guides put them in a pickle, is what I'm saying, when they can't stand behind them? They're their own representations of value. Forget what the coins actually sell for in the auctions, which are truer representations of fair market value, at any given point in time. Take PCGS. What are they representing goes into their price guides? Auctions. Actual live market data. As their price guide is being adjusted up or down from week to week even at times day to day, they're representing those aren't bullshit, but the professional appraisals of timely market composites. It's like the faith we have in the stock market. We buy and sell on those prices. These price guides are no different. They're stock markets for coins. They're purportedly tracking in real time the fair market value of coins. Think if PCGS represented otherwise. They'd be laughed out of the business like they're clowns. And therein lies the dilemma when the moment of truth arrives and the time comes to deliver on their bigshot guarantees they go on and on about to instill consumer confidence in their professionalism. Why trust them to market grade our coins if their market data is bullshit? Trust me, I'll market grade your coins. Why not, what's the difference? So there's what I'm saying. I want their price guide price. They represent that's the price? Deliver on that representation when the time to comes. Stand by your good word. Otherwise, you're [COLOR=#ff4d4d]edited[/COLOR]. That's how I see it.[/QUOTE]
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How do PCGS & NGC “Guarantee” their grading?
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