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<p>[QUOTE="World Colonial, post: 2445232, member: 78153"]I agree with you in that it would successfully kill coins as a business as we know it today and defeat the aims of those who advocate it. The value of everyone's "investment" would plummet making it pointless.</p><p><br /></p><p>The idea of legislating grading standards is absurd. Grading is an art, not a science and it is not possible to make it one to enforce uniformity, either across grading companies or over time.</p><p><br /></p><p>If it was legislated, it still would not create price uniformity across grading companies anyway except maybe for "widgets" because this is not how expensive coins are bought. No legislation can force collectors to treat coins equally where they choose not to do so.</p><p><br /></p><p>As far as damages for breach of contract, aren't existing statutes and existing precedent sufficient? In my opinion even though I am not a lawyer, Common Law is more than sufficient. It isn't necessary to legislate and micromanage every aspect of society.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2445232, member: 78153"]I agree with you in that it would successfully kill coins as a business as we know it today and defeat the aims of those who advocate it. The value of everyone's "investment" would plummet making it pointless. The idea of legislating grading standards is absurd. Grading is an art, not a science and it is not possible to make it one to enforce uniformity, either across grading companies or over time. If it was legislated, it still would not create price uniformity across grading companies anyway except maybe for "widgets" because this is not how expensive coins are bought. No legislation can force collectors to treat coins equally where they choose not to do so. As far as damages for breach of contract, aren't existing statutes and existing precedent sufficient? In my opinion even though I am not a lawyer, Common Law is more than sufficient. It isn't necessary to legislate and micromanage every aspect of society.[/QUOTE]
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