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<p>[QUOTE=&quot;Lehigh96, post: 4505588, member: 15309&quot;]Truthfully, collectors were at an extreme disadvantage because the people setting both buy grades and sale grades were the coin dealers.</p><p><br /></p><p>What do you think?&nbsp; That you walked into a coin shop and told the owner that he was going to buy your gem grade Morgans and pay gem prices?&nbsp; No way, he slapped you around, told you that your coins weren’t gem grade, told you he was the expert, and if you don’t want to leave empty handed, you will leave with MS63 money.&nbsp; And ya know what, you took it.&nbsp; A week later, the dealer had a fresh new inventory of gem grade Morgan Dollars listed at full MS65 retail prices in his display case.</p><p><br /></p><p>The TPGs provide an insurance policy for collectors, and usually the person who pays for that policy is a dealer.&nbsp; So rather than being able to exploit collectors by buying at MS63 and selling at MS65, now they pay you wholesale value and sell it at retail value which is typically a small and reasonable markup percentage.</p><p><br /></p><p>Instead of railing against the TPGs, you should be sending them thank you letters.[/QUOTE]</p><p><br /></p>

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