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<p>[QUOTE="Arizona Jack, post: 481832, member: 9308"]About the grade guarantee.</p><p> </p><p>We have a thread about mentors here, and I used my ace in the hole on this one. </p><p> </p><p>A gentleman whom I will not name, but considered as one of the finest dealers there is. Decades of experience as a buyer, seller, a grader at NGC, his list of accomplishments in the industry is a long one. He has posted here on occasion, and I have bought coins from him. I called him this morning for advise.</p><p> </p><p>I'll paraphrase</p><p> </p><p>" While the intentions are honerable and great, I am against it period "</p><p> </p><p>Too many risks with no potential upside. In a nutshell, this has been tried before and failed quickly. Your coins that grade out go unnoticed, they sell. You only get the losers back, and keep in mind, you are NOT in control of the graders, the graders moods, the graders whims. Even if you KNOW a coin is solid, that means NOTHING to the graders.</p><p> </p><p>Another prominent HUGE dealer tried this and had to stop it after about 3 months when the company started to hemmorage cash. Thats top of the line folks, it didn't work for him, and it won't be any different for me.</p><p> </p><p>The advise I received today was this:</p><p> </p><p>Sell great stuff and offer a great return, thats the best you can do. Anything else would be financial suicide. </p><p> </p><p>Therefore, I will learn from " Ace's" experience and retract my new policy before it starts. Oh, yeah folks, the banners have to chage too , we need to leave that part off.[/QUOTE]</p><p><br /></p>
[QUOTE="Arizona Jack, post: 481832, member: 9308"]About the grade guarantee. We have a thread about mentors here, and I used my ace in the hole on this one. A gentleman whom I will not name, but considered as one of the finest dealers there is. Decades of experience as a buyer, seller, a grader at NGC, his list of accomplishments in the industry is a long one. He has posted here on occasion, and I have bought coins from him. I called him this morning for advise. I'll paraphrase " While the intentions are honerable and great, I am against it period " Too many risks with no potential upside. In a nutshell, this has been tried before and failed quickly. Your coins that grade out go unnoticed, they sell. You only get the losers back, and keep in mind, you are NOT in control of the graders, the graders moods, the graders whims. Even if you KNOW a coin is solid, that means NOTHING to the graders. Another prominent HUGE dealer tried this and had to stop it after about 3 months when the company started to hemmorage cash. Thats top of the line folks, it didn't work for him, and it won't be any different for me. The advise I received today was this: Sell great stuff and offer a great return, thats the best you can do. Anything else would be financial suicide. Therefore, I will learn from " Ace's" experience and retract my new policy before it starts. Oh, yeah folks, the banners have to chage too , we need to leave that part off.[/QUOTE]
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