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<p>[QUOTE=&quot;TypeCoin971793, post: 2771969, member: 78244&quot;]I am sure most of you know what the resubmission game is. If not, it is when an individual repeatedly submits a coin to a TPG in hopes of getting a higher grade, which can be sold at a substantial profit. The practice is less-than-ethical at best.</p><p><br /></p><p>So, let&#039;s take the Sunnywood 1881 S Morgan Dollar. It was graded by PCGS as MS-67. It was resubmitted over 40 times, while maintaining the same grade. PCGS even sent a letter saying that the coin did not meet their standards for an MS-68. But it eventually got into an MS-68 holder, and was sold for thousands of dollars in profit.</p><p><br /></p><p>This happens a lot, and the population reports are screwed up as a result (higher number of examples in a grade than there are actually). I have read about it happening to rarities (early US), popular coins (key dates), and conditional rarities (top pops).</p><p><br /></p><p>Between each resubmission, the coin does not change. The coin repeatedly merits the qualifications of the lower grade. But then it finally gets the grade bump the owner was wanting. Was it because the standards changed? Was it a mistake? Or were the graders tired of seeing it (biased opinion)? The coin stayed the same.</p><p><br /></p><p>Prior to the MS-68 designation, the Sunnywood 1881 S was valued in the thousands. Afterward, it was worth tens of thousands. All because of a single point bump in grade.</p><p><br /></p><p>This is my question: The same coin brings two different prices depending on the holder it is in, and the coin consistently got the lower grade. At what point is the coin&#039;s value solely dictated by the holder it is in instead of the coin itself? Is there such a point?</p><p><br /></p><p>Yell at me all you want about my bias against the TPGs, but this is a topic worthy of discussion. Maybe I will learn something. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie26" alt=":bookworm:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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