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<p>[QUOTE="Troodon, post: 25515182, member: 4626"]It seems opinions were mixed when this was first announced, at least based on my not very scientific evaluation: reading the YouTube comments on the video I watched announcing it. I'm very much in the "if it ain't broke, don't fix it" camp. Putting a new system out brings the problem of not being able to easily compare grades that have been in use for over 50 years. I don't see how it improves things, and I don't see trying to bring over the comic book collectors into coins is that necessary. The "bring more people into the hobby" argument I always thought was strange, because the hobby is not endangered; coin collecting is almost as old as coins themselves, and there's no risk of it going away anytime soon (and if less people are collecting, it just means less demand, so I can get my coins cheaper). I quickly decided that whatever else anyone else was doing, I would refuse to buy any coins graded this way, and would not submit any coins graded this way. Again, not a scientific survey, but last coin show I literally couldn't find a single seller selling coins graded on the 10-point system. Even on eBay it's hard to find any, and they'll sell anything. For the most part those established in the hobby seemed to have mostly rejected it, and good thing IMO.</p><p><br /></p><p>As far as I know this is exclusive to NGC and even then it's only an option (you can still choose to have them use the old scale if you submit coins to them). Based on the lack of much prevalence in the market, it's safe to say the experiment has pretty much failed in terms of how "market acceptable" the new system is, but NGC hasn't officially abandoned it, yet. It's probably inevitable they will eventually though. If people aren't buying something, eventually you have to give up trying to sell it.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 25515182, member: 4626"]It seems opinions were mixed when this was first announced, at least based on my not very scientific evaluation: reading the YouTube comments on the video I watched announcing it. I'm very much in the "if it ain't broke, don't fix it" camp. Putting a new system out brings the problem of not being able to easily compare grades that have been in use for over 50 years. I don't see how it improves things, and I don't see trying to bring over the comic book collectors into coins is that necessary. The "bring more people into the hobby" argument I always thought was strange, because the hobby is not endangered; coin collecting is almost as old as coins themselves, and there's no risk of it going away anytime soon (and if less people are collecting, it just means less demand, so I can get my coins cheaper). I quickly decided that whatever else anyone else was doing, I would refuse to buy any coins graded this way, and would not submit any coins graded this way. Again, not a scientific survey, but last coin show I literally couldn't find a single seller selling coins graded on the 10-point system. Even on eBay it's hard to find any, and they'll sell anything. For the most part those established in the hobby seemed to have mostly rejected it, and good thing IMO. As far as I know this is exclusive to NGC and even then it's only an option (you can still choose to have them use the old scale if you submit coins to them). Based on the lack of much prevalence in the market, it's safe to say the experiment has pretty much failed in terms of how "market acceptable" the new system is, but NGC hasn't officially abandoned it, yet. It's probably inevitable they will eventually though. If people aren't buying something, eventually you have to give up trying to sell it.[/QUOTE]
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