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MS70 collectors, get ready for a beat down
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<p>[QUOTE="19Lyds, post: 2150201, member: 15929"]PCGS's grading standard states:</p><p><br /></p><p>"MS/PR-70 As struck, with full strike"</p><p><br /></p><p>No where does it say "Perfect". The ONLY folks that say "Perfect" are those "selling" the coin.</p><p><br /></p><p>Will the TPG's make a move to alter the current numeric scale in hopes of lining their pockets?</p><p><br /></p><p>I do not believe that they would even consider such a thing as has been pointed out, it would be business suicide.</p><p><br /></p><p>Folks tend to forget why TPG's came into existence and it wasn't for collectors. It was for dealers. There were no Collectors Clubs or Collectors Societies which enabled us common folks to pay a fee and submit coins for grading. That concept didn't come into existence until the early 2000's.</p><p><br /></p><p>TPG's were formed for dealers and by dealers so that sight unseen trading/purchasing would have a third party financial guarantee that a dealer was getting what was being paid for.</p><p><br /></p><p>The Business that the TPG's do directly with collectors is peanuts compared to the Authorized Coin Dealers who submit thousands of coins annually on a regular basis. They know the value of slabs and as such are willing to cough up the necessary funds just to move their products. Changing the grading scale midstream is not an expense that most dealers will do willingly and could very well spell doom for the TPG that moves in that direction.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2150201, member: 15929"]PCGS's grading standard states: "MS/PR-70 As struck, with full strike" No where does it say "Perfect". The ONLY folks that say "Perfect" are those "selling" the coin. Will the TPG's make a move to alter the current numeric scale in hopes of lining their pockets? I do not believe that they would even consider such a thing as has been pointed out, it would be business suicide. Folks tend to forget why TPG's came into existence and it wasn't for collectors. It was for dealers. There were no Collectors Clubs or Collectors Societies which enabled us common folks to pay a fee and submit coins for grading. That concept didn't come into existence until the early 2000's. TPG's were formed for dealers and by dealers so that sight unseen trading/purchasing would have a third party financial guarantee that a dealer was getting what was being paid for. The Business that the TPG's do directly with collectors is peanuts compared to the Authorized Coin Dealers who submit thousands of coins annually on a regular basis. They know the value of slabs and as such are willing to cough up the necessary funds just to move their products. Changing the grading scale midstream is not an expense that most dealers will do willingly and could very well spell doom for the TPG that moves in that direction.[/QUOTE]
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