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<p>[QUOTE="Lehigh96, post: 4630126, member: 15309"]I'm curious, if you are newbie who is focused on buying raw coins for less than $50, why such animus towards TPGs? The coins you are seeking are very rarely going to be slabbed. You seem to have the idea in your head that all the TPGs do is make coins more expensive and put possible acquisitions out of your price range. Keep in mind, when I say "out of your price range" I don't make any assumptions about your financial situation, rather your price range is more likely to be limited by your own confidence in your grading skills, than your financial resources.</p><p><br /></p><p>Here is the thing that you are missing. If you buy a 1945 PCGS MS63 Walker for $50 (PCGS Price Guide $52, Greysheet $44) and then you crack it out, is it not still an MS63 Walker? And of course, the answer is YES, it is still an MS63 Walker. So why do you have it in your head that the certification of the coin is increasing the price? The answer is that if you tried to sell that same coin for $50, you would need to wait until you found a buyer who was both able to recognize the actual grade of the coin as an MS63 and be willing to pay full price to obtain it, but finding that collector make take a very long time indeed. However, I submit that you would have very little problem selling you raw MS63 Walker for MS61-62 prices in the $30-$40 range. So in your mind as a buyer, you think that TPG certification is raising the prices of the coins you want to buy. In reality, all the TPG certification does in increase the LIQUIDITY of the coin. Raw coins trade at 1 to 2 grades lower than their actual grade with respect to price because buyers don't want to make a mistake and get ripped off. As a result, the only people willing to pay full price for raw coins are the people who are so good at grading that they don't need the TPG crutch. Since this group is exceedingly small, it explains the drop in liquidity.</p><p><br /></p><p>Like most people who insist that TPG certification is "bad" for the hobby, you conveniently place yourself in two important boxes. First you buy relatively cheap coins that are not worthy of submission, and second you have no interest in ever selling your coins and you have no heirs so the inheritance of your collection is an afterthought. I would ask you to consider how many other people fall into those two boxes. Not everyone collects inexpensive coins, and most people, even if they never plan to sell their coins, still have to consider the inheritance problem. The best way to protect heirs from getting ripped off is to have certified coins, as it defines what you have and increases liquidity.</p><p><br /></p><p>So rather than proclaim that TPG grading is bad for the hobby, why not just say, it is bad for you?[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 4630126, member: 15309"]I'm curious, if you are newbie who is focused on buying raw coins for less than $50, why such animus towards TPGs? The coins you are seeking are very rarely going to be slabbed. You seem to have the idea in your head that all the TPGs do is make coins more expensive and put possible acquisitions out of your price range. Keep in mind, when I say "out of your price range" I don't make any assumptions about your financial situation, rather your price range is more likely to be limited by your own confidence in your grading skills, than your financial resources. Here is the thing that you are missing. If you buy a 1945 PCGS MS63 Walker for $50 (PCGS Price Guide $52, Greysheet $44) and then you crack it out, is it not still an MS63 Walker? And of course, the answer is YES, it is still an MS63 Walker. So why do you have it in your head that the certification of the coin is increasing the price? The answer is that if you tried to sell that same coin for $50, you would need to wait until you found a buyer who was both able to recognize the actual grade of the coin as an MS63 and be willing to pay full price to obtain it, but finding that collector make take a very long time indeed. However, I submit that you would have very little problem selling you raw MS63 Walker for MS61-62 prices in the $30-$40 range. So in your mind as a buyer, you think that TPG certification is raising the prices of the coins you want to buy. In reality, all the TPG certification does in increase the LIQUIDITY of the coin. Raw coins trade at 1 to 2 grades lower than their actual grade with respect to price because buyers don't want to make a mistake and get ripped off. As a result, the only people willing to pay full price for raw coins are the people who are so good at grading that they don't need the TPG crutch. Since this group is exceedingly small, it explains the drop in liquidity. Like most people who insist that TPG certification is "bad" for the hobby, you conveniently place yourself in two important boxes. First you buy relatively cheap coins that are not worthy of submission, and second you have no interest in ever selling your coins and you have no heirs so the inheritance of your collection is an afterthought. I would ask you to consider how many other people fall into those two boxes. Not everyone collects inexpensive coins, and most people, even if they never plan to sell their coins, still have to consider the inheritance problem. The best way to protect heirs from getting ripped off is to have certified coins, as it defines what you have and increases liquidity. So rather than proclaim that TPG grading is bad for the hobby, why not just say, it is bad for you?[/QUOTE]
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