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<p>[QUOTE=&quot;Jaelus, post: 2060664, member: 46237&quot;]You are correct in that I did not collect before TPGs, however, most of the coins I buy are raw. Clearly a seller word grading is not an objective party either because they have a financial stake in the transaction. I don&#039;t always agree with the dealer&#039;s grade when I&#039;m buying a raw coin. I judge the coin for myself and make an offer (or not) accordingly. I only consider CAC to be an objective third party and one of the main reasons is that they don&#039;t have any serious competition.</p><p><br /></p><p>I agree that TPGs have led to more uniformity in grading, but TPGs have also led to looser grading standards. As TPGs enable sight unseen transactions for slabbed coins, there is pressure for looser grades over time due to market competition. For example, if I have a borderline coin that&#039;s worth considerably more in AU than in XF, and I know that NGC is more likely to grade it an AU than PCGS is, I&#039;m going to give my business to NGC. Other TPGs see this and re-evaluate their grading slightly to adjust (per series). Over time the market readily accepts these borderline coins as AU and the grading loosens a little across the board. Dealers who are still textbook grading at that point end up undergrading (and underpricing) their coins and lamenting how the market grading is wrong. Technically they are correct but it doesn&#039;t matter; the market dictates what is acceptable.[/QUOTE]</p><p><br /></p>

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