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Message:: [QUOTE="C-B-D, post: 2315234, member: 43130"]Most of us know what gradeflation is: resubmitting a coin to a top TPG repeatedly until it gets a higher grade, thus making the coin more "valuable," or at least, desirable, to collectors and dealers alike. I have resubmitted coins myself that I thought should have been graded higher, as have many folks here on CT. I had a 1894 PR64CAM Morgan that came back 64+ the first time I sent it in for regrade. I tried to sell it for $5750 at the Chicago ANA and no one wanted to touch it. The big dealers would take a long look, but all passed. The next day I sent it in for regrade again at the show and it came back PR65CAM. I sold it to one of those same dealers within minutes for $7100. Was I happy to move it and free up some money to put into something else I was interested in? - Yeah! BUT WHAT EFFECT WILL THIS HAVE ON THE HOBBY LONGTERM? I spoke to several dealers yesterday at the Tampa FUN show and every coin they were bidding on in the Heritage auction were coins that they planned to resubmit 20 times in order to get the higher grade. They flat out told me this. Because as they said, they could make $10-$20k once it upgraded. The U.S. coin market as a whole has been undergoing a slow correction over the past 1-2 years, IMO, as I see the slow down of enthusiasm as compared to 3 years ago. Will this correction continue? Will it pick up pace? Will the TPG'S tighten up grading standards? What effect do you think gradeflation will have? Here's a coin for the thread. I bought it yesterday, here at the FUN show, for more than AU58 money. 5 dealers told me it was Uncirculated, and one told me it was a solid MS63. Would I ever resubmit it? Uh, no. Not this time. Love the rattler.[ATTACH=full]467099[/ATTACH][/QUOTE]

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