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<p>[QUOTE="SuperDave, post: 2920656, member: 1892"]First, to just lay the blame on "PCGS was deceived" would be to give the doctors too little credit. These were lifelong coin people, genuine experts in the field who had a pretty clear idea of how the coin <b>should</b> look in order to pass inspection, long experience interacting with the TPG's, and the technical skill to alter the coins in near-unrecognizable fashion. They weren't rookies dipping coins at the kitchen sink. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Second, it would not be at all surprising if, down the road, it's revealed that PCGS (or <i>all</i> of the TPG's) knew this practice was common amongst high-level submitters, and allowed it to happen by straight-slabbing the results. They then decided that too much information regarding it was getting out into the public eye (this would be a good time to start worshiping Laura Sperber if you don't already), and decided to cut off the gravy train. The lawsuit was the notice that they were ending the "arrangement," and having sent the message it wasn't really necessary to force the suit to a conclusion.</p><p><br /></p><p>Third, given the carefully-crafted <b>subjective</b> nature of coin evaluation, I can't say I'm sure that deliberate alteration of coins violates any law and/or rule which gives a lawsuit something solid enough to push against. To my mind, this is likely the reason the suit went away; it would have backed PCGS into declaring a much more objective standards set which they're incapable of conforming to (beause it's not possible).</p><p><br /></p><p><br /></p><p><br /></p><p>As to your specific question, I'm no fan of TPG's at all but the fact that they play a <b>vital</b> role in the hobby is inarguable. If your coins are of a type normally recognized by reasonable collectors as "submission-worthy," related to the need for authenticity verification and/or resale value down the road, by all means submit them with reasonable confidence. There's plenty of anecdotal evidence - all of it true - that TPG's sometimes really screw up an opinion of a single coin, but the thousands they get right don't receive any publicity.[/QUOTE]</p><p><br /></p>
[QUOTE="SuperDave, post: 2920656, member: 1892"]First, to just lay the blame on "PCGS was deceived" would be to give the doctors too little credit. These were lifelong coin people, genuine experts in the field who had a pretty clear idea of how the coin [B]should[/B] look in order to pass inspection, long experience interacting with the TPG's, and the technical skill to alter the coins in near-unrecognizable fashion. They weren't rookies dipping coins at the kitchen sink. :) Second, it would not be at all surprising if, down the road, it's revealed that PCGS (or [I]all[/I] of the TPG's) knew this practice was common amongst high-level submitters, and allowed it to happen by straight-slabbing the results. They then decided that too much information regarding it was getting out into the public eye (this would be a good time to start worshiping Laura Sperber if you don't already), and decided to cut off the gravy train. The lawsuit was the notice that they were ending the "arrangement," and having sent the message it wasn't really necessary to force the suit to a conclusion. Third, given the carefully-crafted [B]subjective[/B] nature of coin evaluation, I can't say I'm sure that deliberate alteration of coins violates any law and/or rule which gives a lawsuit something solid enough to push against. To my mind, this is likely the reason the suit went away; it would have backed PCGS into declaring a much more objective standards set which they're incapable of conforming to (beause it's not possible). As to your specific question, I'm no fan of TPG's at all but the fact that they play a [B]vital[/B] role in the hobby is inarguable. If your coins are of a type normally recognized by reasonable collectors as "submission-worthy," related to the need for authenticity verification and/or resale value down the road, by all means submit them with reasonable confidence. There's plenty of anecdotal evidence - all of it true - that TPG's sometimes really screw up an opinion of a single coin, but the thousands they get right don't receive any publicity.[/QUOTE]
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