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<p>[QUOTE="GDJMSP, post: 3232805, member: 112"]Meow - based on the tone of your post it kinda sounds like you're thinking about playing the crackout game. Well, a word of warning - while knowledgeable collectors and dealers can do that, and in point of fact they do it all the time and very effectively, if you don't have that requisite knowledge you'll not be very successful at it.</p><p><br /></p><p>With big dealers and large auction companies the highest paid employees they have are what they call buyers. And all the big companies have them, usually several. Their sole job is to travel to auctions and coin shows and cherry pick coins. Then they buy them, crack them out and resubmit them for grading. And almost without exception the coins are upgraded. And they do this day after day after day. And they have done it for as long as the TPGs have existed. It generates a continuous and rather high stream of income for the companies. The thing you have to realize is this, these buyers, they are the best, the very best, there are at doing this.</p><p><br /></p><p>Because they have been doing it for so long, and because other dealers and collectors play the same game and always have, between all of these people doing it the coins in previous generations of slabs tend to disappear rather quickly. And the ones that are left, the ones still out there, well most of them were overgraded to begin with so if resubmitted the odds of them upgrading is rather slim. These coins will basically stay in their present holders until the next time the TPGs loosen their standards even further. Then, they too will be upgraded.</p><p><br /></p><p>Bottom line, the average collector has a slim to none chance of success for a couple of reasons. One, he does not have the knowledge he needs. And two, somebody has almost always already been there before you ever saw the coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3232805, member: 112"]Meow - based on the tone of your post it kinda sounds like you're thinking about playing the crackout game. Well, a word of warning - while knowledgeable collectors and dealers can do that, and in point of fact they do it all the time and very effectively, if you don't have that requisite knowledge you'll not be very successful at it. With big dealers and large auction companies the highest paid employees they have are what they call buyers. And all the big companies have them, usually several. Their sole job is to travel to auctions and coin shows and cherry pick coins. Then they buy them, crack them out and resubmit them for grading. And almost without exception the coins are upgraded. And they do this day after day after day. And they have done it for as long as the TPGs have existed. It generates a continuous and rather high stream of income for the companies. The thing you have to realize is this, these buyers, they are the best, the very best, there are at doing this. Because they have been doing it for so long, and because other dealers and collectors play the same game and always have, between all of these people doing it the coins in previous generations of slabs tend to disappear rather quickly. And the ones that are left, the ones still out there, well most of them were overgraded to begin with so if resubmitted the odds of them upgrading is rather slim. These coins will basically stay in their present holders until the next time the TPGs loosen their standards even further. Then, they too will be upgraded. Bottom line, the average collector has a slim to none chance of success for a couple of reasons. One, he does not have the knowledge he needs. And two, somebody has almost always already been there before you ever saw the coins.[/QUOTE]
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