Message:

<p>[QUOTE=&quot;Sallent, post: 2490944, member: 76194&quot;]A large portion of &quot;market acceptable&quot; US coins have already been encapsulated by NGC and PCGS, so they are running out of tricks to attract more submissions.</p><p><br /></p><p>First they started by loosening grading standards, so that a coin in an old NGC holder previously marked AU-58 was now an MS-63, thus encouraging people to resubmit all the coins in older holders. Then they added variety assignations to their grades. Finally, they added + to their grades to try and encourage people to resubmit to see if their coins got the +.&nbsp; On top of that they&#039;ve done their best to change their holders every 2-3 years (even if the changes are insignificant) to encourage people to re-send the coin so that it is in the new holder. I think PCGS has changed holders something like 18 or 19 times in the last 3 decades.</p><p><br /></p><p>The problem is that even with all those tricks, probably most people wont resubmit coins. I doubt your average collector cares less what version of the holder they have, and most probably won&#039;t want to spend the massive amount of cash to resubmit their collections to see if they&#039;ll get a + next to their coin grades. Probably only big time dealers with discounted pricing can afford to do that. So PCGS and NGC have to do something else to attract more people to resubmit.</p><p><br /></p><p>Therefore, it wouldn&#039;t surprise me if at some point they ditch the current grade and adopt the grading system above, thus encouraging everyone to resubmit all their coins once again (and get billed again) to make their coins &quot;market acceptable&quot; again by showing the new grading system instead of the old &quot;obsolete&quot; one.</p><p><br /></p><p>This is also why NGC has also moved to ancients and why the services have moved to things like grading foreign coins and also medals, etc., as well as offering &quot;restoration services.&quot; They can see that unless they think of something else fast to keep the gravy train rolling, they&#039;ll soon be in financial trouble. So they are trying to expand what they&#039;ll grade and the &quot;services&quot; they offer. Anything to make a buck, I guess.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in