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Message:: [QUOTE="GDJMSP, post: 43210, member: 112"]cwt - Just about anyone that knows me also knows how I feel about the grading companies. I agree wholeheartedly with most if not all of your comments. I have long campaigned for reforms within the grading industry. No two of them follow the same set of standards and they all make mistakes in respect to grade. And yes it is entirely possible the grade mistakes are also label mistakes. And while label mistakes are well known, they are not all THAT common. It should be noted though, that if a label mistake is made, the company will re-slab the coin for free. They also have a grade guarantee. So they do stand behind their product. But a collector also bears some responsibility - it is the collector's responsibility to KNOW what it is he is buying. He should be able to tell the difference between a 66 & a 67 which is what is meant by the saying buy the coin not the slab. And to a large degree a collector should also be familiar with various varieties & errors if he wishes these designations on a slab. In other words, it is my opinion that if you don't know what it is you are buying then you have no business buying it. Not very many people are fond of that comment when I make it - but that is how I feel. And even with all the mistakes made by the grading companies, whether they are label mistakes, grade mistakes, attribution mistakes or what have you - the grading companies are a far better alternative to the way it was before the grading companies existed. That alternative of course was trusting a dealer to do the same thing the grading companies do today. I lived through that period, it is still very much present today as well. I'll take the grading companies - even with their mistakes.[/QUOTE]

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