Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Price List(s) and Grading Standards
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1824131, member: 112"]That was actually done, in fact that was how it all started back in the 1970's. The ANA started its own grading company - ANACS. But it was plagued with problems from the very beginning. Back then they issued certificates, not slabs, slabs came much later. Many different things happened and many things changed from time to time, including grading standards. There were even law suits regarding changing grading standards. </p><p><br /></p><p>And in the decades that have followed there have been many more changes regarding standards, ownership of the company, the opening of new grading companies, etc etc etc. Eventually it has evolved into what we have today - a mess. True, it's a better mess than what we used to have, but nonetheless it is still a mess.</p><p><br /></p><p>While I readily agree with you that we need, what the hobby needs, is a single universal set of grading standards that is followed religiously by ALL of the grading companies, and all collectors and all dealers alike; and that those grading standards are set in stone and never change - it is extremely unlikely to ever happen.</p><p><br /></p><p>Why ? Because it would in effect put all of these businesses (grading companies) out of business. The purpose of any business is to make money. And if all of the businesses were exactly the same and all followed the same set of grading standards they would have nothing unique to offer their customers. You see it is the <u>customers</u> who are the problem, not the companies. The companies only give their customers what they want, like any good company that wants to stay in business. And customers want their coins graded the way they want them graded. So they gravitate to the different company who does that for them.</p><p><br /></p><p>But if the standards were more strict and coins that are currently graded as 65 came back as 63's then people, the customers, would not be happy. And the next coins they sent in to be graded would go to a different company.</p><p><br /></p><p>The customers are in charge, not the companies. It is the customers who have the money, control the money, and choose where to spend it, choose what company to give their money to. So until the customers change and decide that they want a universal and unchanging set of grading standards that is to be followed by everybody - nothing will change.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1824131, member: 112"]That was actually done, in fact that was how it all started back in the 1970's. The ANA started its own grading company - ANACS. But it was plagued with problems from the very beginning. Back then they issued certificates, not slabs, slabs came much later. Many different things happened and many things changed from time to time, including grading standards. There were even law suits regarding changing grading standards. And in the decades that have followed there have been many more changes regarding standards, ownership of the company, the opening of new grading companies, etc etc etc. Eventually it has evolved into what we have today - a mess. True, it's a better mess than what we used to have, but nonetheless it is still a mess. While I readily agree with you that we need, what the hobby needs, is a single universal set of grading standards that is followed religiously by ALL of the grading companies, and all collectors and all dealers alike; and that those grading standards are set in stone and never change - it is extremely unlikely to ever happen. Why ? Because it would in effect put all of these businesses (grading companies) out of business. The purpose of any business is to make money. And if all of the businesses were exactly the same and all followed the same set of grading standards they would have nothing unique to offer their customers. You see it is the [U]customers[/U] who are the problem, not the companies. The companies only give their customers what they want, like any good company that wants to stay in business. And customers want their coins graded the way they want them graded. So they gravitate to the different company who does that for them. But if the standards were more strict and coins that are currently graded as 65 came back as 63's then people, the customers, would not be happy. And the next coins they sent in to be graded would go to a different company. The customers are in charge, not the companies. It is the customers who have the money, control the money, and choose where to spend it, choose what company to give their money to. So until the customers change and decide that they want a universal and unchanging set of grading standards that is to be followed by everybody - nothing will change.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Price List(s) and Grading Standards
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...