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Message:: [QUOTE="rhoggman, post: 419841, member: 13987"]I'm not some sort of cheerleader for TPG's but it is obvious to me that something is worth what someone else is willing to give you in return for that "something". Therefore I would have to argue that by the very nature of exchange graded coins establish their own worth every time they are sold. One actual benefit I can think of is that most people cannot grade as well as the TPG's. If you buy over-graded raw coins I would argue you would be better off financially buying sight-unseen graded coins at bluesheet prices. I can only represent a small chunk of land, but where I live the local coin dealer charges pretty high prices for his over-graded raw coins. In fact I'm not even sure where he gets his prices from, since he uses outdated ways of describing his raw coins. The point is if you can buy coins with accurate industry acceptable descriptions which is backed by a guarantee why not pay a little more? I guess I could go down the street and pay MS64 (pcgs price guide) prices for a "GEM BU" coin, or I could just go on the internet and find the nicest coin I can find from 62-64. I can usually pick these coins up for the same price or cheaper than the stuff my local dealer has in old 2x2's. I guess it just comes down to circumstance. If my local dealer had accurately graded coins for less money I would probably have a different opinion.[/QUOTE]