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<p>[QUOTE=&quot;GDJMSP, post: 8680878, member: 112&quot;]And that is the real problem, or perhaps saying - it&#039;s the root of the problem - would be a better way to say it.</p><p><br /></p><p>And it&#039;s not so much that the number of gradable coins is declining, it&#039;s more that the number of gradable coins has expired, run out, for all intents and purposes, and it did so almost 20 years ago. Which is why the TPGs began changing, loosening their grading standards back then, and have continued to do so until today. And they did that so coins that had already been graded could sent in again and upgraded. It was the only way they could maintain their revenue stream.</p><p><br /></p><p>And it worked, it kept them going for a long time. But they have finally reached the point where they simply cannot continue to loosen standards even more because collectors and the market have gotten wise - finally ! The TPGs fully realize that the market will simply not accept any more upgrading of coins were never deserving of being upgraded to begin with. They realize that they have gone as far as they can go with that tactic. And there are no other tactics to be employed. They have exhausted the number of ungradeable coins that can be put in slabs (detail slabs) as well.</p><p><br /></p><p>Now I&#039;m not claiming that every single coin there is has been submitted and resubmitted. I&#039;m quite sure there are thousands, tens of thousands of them out there that have never been seen by a TPG. But the TPGs don&#039;t need tens of thousands, or even hundreds of thousands - they need millions of them ! - to keep their revenues, if not up, at least where they already are. But those coins simply do not exist in those numbers or anywhere even approaching those numbers.</p><p><br /></p><p>And yeah, the TPGs can keep grading moderns, the production of modern coins isn&#039;t going to stop. But moderns only account for about half, 50% of revenue. And what company can afford to lose 50% of their revenue and stay in business ? No company can do that.</p><p><br /></p><p>They really have no choice except to do 1 of 2 things. Either come up with - 1, a completely new grading system, or 2, revert back to the older, stricter, tougher grading standards that used to be used. Those are pretty much the only two things there are that will result in coins already graded and slabbed having to be sent in again to be regraded and slabbed.</p><p><br /></p><p><br /></p><p><br /></p><p>I completely agree, they do not want either of those things. But they sure do want something !</p><p><br /></p><p>But the important part is - the TPGs <u>have to have</u> something different, they have to change something. Because they are and always have been operating on a business model with an expiration date. And that date has finally come for they have run out of delaying tactics ![/QUOTE]</p><p><br /></p>

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