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<p>[QUOTE=&quot;GDJMSP, post: 1208905, member: 112&quot;]Eddie - if you took a raw coin and gave it your own grade, say MS66 and then offered it for sale at MS66 money, how many people do you think there are that would pay you MS66 money for that coin ?</p><p><br /></p><p>If you took the same coin and it got into a PCGS slab that said MS66 - now how many people do you think there are that would offer 66 money for that coin ?</p><p><br /></p><p>I absolutely guarantee you there would be far, far more people willing to buy the slabbed coin at 66 money than there would be willing to buy the raw coin at 66 money. That is precisely why the TPGs even exist. That is precisely why they were invented. It&#039;s because people don&#039;t trust other people, nor do they trust the grading ability of those other people.</p><p><br /></p><p>Now you have to understand, the statements I am making are generalities. And of course there are exceptions to those generalities. I myself, as anybody who reads this forum should know, do not have blind faith in the TPGs when it comes to grading. Never once in my life did I ever buy a coin based on what the TPG said it graded. I only bought coins when I either agreed with the TPG grade, or the coin was priced such that it agreed with the grade that<u> I </u>assigned to the coin. And yes, there are others just like me.</p><p><br /></p><p>But the sad truth is that probably 90%, or maybe even more, of the collectors out there cannot accurately grade coins for themselves. And they admit this to themselves, even if they won&#039;t admit it to others. And because of that they will not spend large sums of money on raw coins. But they will spend large sums of money on slabbed coins. This is a fact. And no matter much we don&#039;t like it, it is undeniable.</p><p><br /></p><p>So to answer your question as to what people are collecting - they are collecting coins, but only coins that HAVE a 3rd party opinion. And they are doing it, because quite simply, they can&#039;t do it themselves. And again, that is a generality. That is what <u>most</u> collectors are doing, but certainly not all.[/QUOTE]</p><p><br /></p>

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