Message:

<p>[QUOTE=&quot;Vegas Vic, post: 1914250, member: 58810&quot;]I think this is the single best explanation for the gradeflation concept I have ever heard. Systems logic thinking is required with analyzing the results of subjective grading coupled with 10&#039;s of millions of graded coins. A good question would be how many total intact holdered coins exist vs total number pcgs/ngc graded ever. We all hear stories about the guy who sent his coin in 20 or more times. </p><p><br /></p><p>personally I think that the tpg&#039;s rescued the hobby. The bottom line is while we all talk a good game about how important it is for the collector to be educated the collector statistically speaking will never even approach the knowledge base of the professional. I&#039;m too busy working to spend 10 hours a day every day studying and grading coins.&nbsp; If you need my professional help unless you are trained and certified you will never come close to knowing what I know. This is the same for collectors vs dealers. The tpg helps protect the collector because almost by definition the collector will never be able to grade and judge coins as well as the dealer. </p><p><br /></p><p>People are predatory not just coin dealers. In any field when someone is not constrained by a fiduciary legal relationship they will almost always want to take advantage of the other person.&nbsp; This is why fiduciary relationship laws were created, to prevent a professional from taking advantage of someone who is basically clueless. My lawyer can&#039;t write a contract that I use with employees that has a buried tiny print clause signing away all of my possessions to her. This is because I have to relay on her since I don&#039;t know anything about writing contracts.</p><p><br /></p><p>Coin dealers have extensive knowledge that collectors lack. I&#039;m not advocating making a coin dealer/ collector relationship a fiduciary one. What I&#039;m saying is the tpg&#039;s take away a very large but not total advantage from the dealer and allow the collector the ability to purchase coins knowing the coin they buy is at least close to as advertised. collectors don&#039;t have to worry about buying a slider at 65 money. Sure the tpg&#039;s May grade off a point up or down but at least they give the collector confidence that they are not totally getting screwed.[/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