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<p>[QUOTE="Endeavor, post: 2113891, member: 60292"]That's exactly right. That's another reason why collecting <i>could</i> go into oblivion. The price differential between one grade and the next is absurd.</p><p><br /></p><p>Just to give you an idea of how bad collectors are getting hosed by dealers (with help from grading companies), dealers can now submit slabbed coins for reconsideration. Is that not the biggest joke?</p><p><br /></p><p>Since grading companies have become big business the grades will continue to change more and more as the supply of coins worth grading become less and less. It's called self preservation. They will do whatever they can to keep revenue stream up. The result will be a coin that originally graded MS63, turning into MS64. Then MS65, MS66, etc.</p><p><br /></p><p>I don't know the current statistics, but I'm willing to bet that less than 1% of the coins that get a grade change from reconsideration submissions go down a grade. How come all the grade changes are up?? Isn't grading supposed to be impartial and unbiased??</p><p><br /></p><p>At last years ANA Show in Chicago, I read that a major coin dealer (who submits thousands upon thousands each year) submitted something like the first 6 coins released of the 50th Anniversary Kennedy to one of the top grading companies and they all graded MS70. Then something like the next 10 submitted by small timers all graded MS69. Corruption you think?? [Someone please revise the numbers if they are not exact, thank you][/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 2113891, member: 60292"]That's exactly right. That's another reason why collecting [I]could[/I] go into oblivion. The price differential between one grade and the next is absurd. Just to give you an idea of how bad collectors are getting hosed by dealers (with help from grading companies), dealers can now submit slabbed coins for reconsideration. Is that not the biggest joke? Since grading companies have become big business the grades will continue to change more and more as the supply of coins worth grading become less and less. It's called self preservation. They will do whatever they can to keep revenue stream up. The result will be a coin that originally graded MS63, turning into MS64. Then MS65, MS66, etc. I don't know the current statistics, but I'm willing to bet that less than 1% of the coins that get a grade change from reconsideration submissions go down a grade. How come all the grade changes are up?? Isn't grading supposed to be impartial and unbiased?? At last years ANA Show in Chicago, I read that a major coin dealer (who submits thousands upon thousands each year) submitted something like the first 6 coins released of the 50th Anniversary Kennedy to one of the top grading companies and they all graded MS70. Then something like the next 10 submitted by small timers all graded MS69. Corruption you think?? [Someone please revise the numbers if they are not exact, thank you][/QUOTE]
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