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<p>[QUOTE="tcore, post: 153610, member: 2949"]I am sick of people doing resubmissions to third party grading companies. Now, hear me correctly...if the coin in the holder truly is deserving of a higher grade and is undergraded as currently labeled, that's one thing (and I am not talking about this).</p><p> </p><p>I keep hearing stories about and reading about people sending the same coin back to a service over and over again until it gets <i>labeled</i> with the grade that they want only so that they can sell it at a much higher price than they payed for it. This is bad on SO many levels and completely hurts the numismatic hobby (and business).</p><p> </p><p>For the coins that I personally own or might potentially own, I want the coins slabbed by the TPGs to be graded accurately. I know that this is much more difficult than it sounds and I don't really want to open that can of worms. I personally don't want to own an MS63 coin in an MS64 holder for example. I really do want the grade on the slab to reflect the coin that's inside. Also, if I go to sell a coin, yes, it's nice to make a few bucks profit, but not at the expense of other collectors. What good does that do if I sell them an overgraded coin? Now they have an overgraded coin and I made more profit than I would have - at honesty's and integrity's expense.</p><p> </p><p>Not to mention the fact that resubmissions of this nature make an already confusing hobby more confusing. For consistency's sake, the grades on slabs become less meaningful if there are lots of people out there doing resubmissions for their own gain.</p><p> </p><p>Let's say you have three coins in MS64 holders that are all graded accurately. So now, let's say that you submitted one of those MS64 coins three times and it finally came back in an MS65 holder. Now what are we left with? Three MS64 coins in MS64 slabs and one more MS64 coin in an MS65 slab. Yeah, that really helps! :computer: </p><p> </p><p>With it being hard enough to get consistency in grading from the grading companies and with all of the other potentially confusing and inconsistent issues in this hobby, I just wish that people wouldn't do things like this to compound the situation. Unfortunately, too many people are driven by money I suppose.</p><p> </p><p>I guess this may open up several cans of worms, but I'd like to hear your thoughts.[/QUOTE]</p><p><br /></p>
[QUOTE="tcore, post: 153610, member: 2949"]I am sick of people doing resubmissions to third party grading companies. Now, hear me correctly...if the coin in the holder truly is deserving of a higher grade and is undergraded as currently labeled, that's one thing (and I am not talking about this). I keep hearing stories about and reading about people sending the same coin back to a service over and over again until it gets [I]labeled[/I] with the grade that they want only so that they can sell it at a much higher price than they payed for it. This is bad on SO many levels and completely hurts the numismatic hobby (and business). For the coins that I personally own or might potentially own, I want the coins slabbed by the TPGs to be graded accurately. I know that this is much more difficult than it sounds and I don't really want to open that can of worms. I personally don't want to own an MS63 coin in an MS64 holder for example. I really do want the grade on the slab to reflect the coin that's inside. Also, if I go to sell a coin, yes, it's nice to make a few bucks profit, but not at the expense of other collectors. What good does that do if I sell them an overgraded coin? Now they have an overgraded coin and I made more profit than I would have - at honesty's and integrity's expense. Not to mention the fact that resubmissions of this nature make an already confusing hobby more confusing. For consistency's sake, the grades on slabs become less meaningful if there are lots of people out there doing resubmissions for their own gain. Let's say you have three coins in MS64 holders that are all graded accurately. So now, let's say that you submitted one of those MS64 coins three times and it finally came back in an MS65 holder. Now what are we left with? Three MS64 coins in MS64 slabs and one more MS64 coin in an MS65 slab. Yeah, that really helps! :computer: With it being hard enough to get consistency in grading from the grading companies and with all of the other potentially confusing and inconsistent issues in this hobby, I just wish that people wouldn't do things like this to compound the situation. Unfortunately, too many people are driven by money I suppose. I guess this may open up several cans of worms, but I'd like to hear your thoughts.[/QUOTE]
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