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<p>[QUOTE=&quot;ctrl, post: 1470057, member: 13378&quot;]Collectible coins are not stocks and bonds with associated income, costs, and projected earnings. The coin market is not regulated.</p><p><br /></p><p>A coin grade is not even in anyway itself comparable to a credit rating. A coin grade is fixed and atomic, simply an observation of its state of conservation on a given scale. The grade isn&#039;t variable and dependent on unknown factors from independent actors or market conditions (gradeflation and net-grading aside, I mean that a grade isn&#039;t going to change because of the economy of China, for example, or because there was a drought in California). </p><p><br /></p><p>The process is totally different. Coin grading is something that is immediately visible. You have all the information you need right there in the coin itself. All you need is the skill to grade it properly and you can do the same job the TPGs and CAC do. Rating the creditworthiness of a company or organization is far more complicated and opaque with infinite more factors to consider, incomes, costs, debt, market projections, etc. </p><p><br /></p><p>However, even in the world of stocks and bonds, there are multiple credit rating agencies and many times institutions require a fund/bond/stock to have multiple ratings before considering it. There is no law stating that you can&#039;t agree or disagree with a rating. There are regulations in place to stop conflicts of interest, both from issuers wanting higher ratings and from competitors wanting lower ratings. Neither of those situations are relevant to coin collecting, TPGs or CAC.[/QUOTE]</p><p><br /></p>

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