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<p>[QUOTE="lackluster, post: 903794, member: 21103"]I know the TPGs don't set the price, but the fact is those prices weren't paid before the advent of the slab and they would not be paid not without the slab grade of 70. We know that no one pays close to that price thinking it will come back a 70. I think the practice is to send in a bunch of moderns hoping for a certain percent of MS70's or PR70 .</p><p> </p><p>I talked to dealer recently about this at a show and he told of another who would send in a large group of the newest coins to PCGS and get a certain percentage of 70's back, then resend those same coins with some others added and get back more 70s. He said basically he resubmit the same coins and get back some 70's that were 69's previous. </p><p>Sounds like a moneymaking business to me....This dealer agreed, he also told me he wished he was the one selling all the 2x2's and flips.</p><p> </p><p>BTW-I have never bought a coin graded MS or PR70 and probably never will because I feel it is a total fabricated market.</p><p> </p><p>Lack[/QUOTE]</p><p><br /></p>
[QUOTE="lackluster, post: 903794, member: 21103"]I know the TPGs don't set the price, but the fact is those prices weren't paid before the advent of the slab and they would not be paid not without the slab grade of 70. We know that no one pays close to that price thinking it will come back a 70. I think the practice is to send in a bunch of moderns hoping for a certain percent of MS70's or PR70 . I talked to dealer recently about this at a show and he told of another who would send in a large group of the newest coins to PCGS and get a certain percentage of 70's back, then resend those same coins with some others added and get back more 70s. He said basically he resubmit the same coins and get back some 70's that were 69's previous. Sounds like a moneymaking business to me....This dealer agreed, he also told me he wished he was the one selling all the 2x2's and flips. BTW-I have never bought a coin graded MS or PR70 and probably never will because I feel it is a total fabricated market. Lack[/QUOTE]
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