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<p>[QUOTE="jtlee321, post: 2452814, member: 73983"]The question that the OP has asked is nearly impossible to answer. It's asking how often is someone's opinion wrong. It all depends on who you ask.</p><p><br /></p><p>The job of the TPG's is to give an educated estimate and opinion on the condition of a coin. Something that is very important when someone sells a coin to a buyer. The seller has skin in the game in that they want as much money as they can get for a specific coin. Whereas the buyer wants to buy the coin for as little money as possible. Since a coins condition typically is what dictates it's price, the dealer will sell the coin at grade X and the buyer will want to buy it at grade Y. Both have an opinion on the condition of the coin, both rarely coincide. The TPG is an outside opinion that typically both buyer and seller agree with. This then makes the transaction much easier between both buyer and seller, as someone else's opinion on the condition of the coin has made the deal seem fair.</p><p><br /></p><p>Now a person can send a coin to a TPG and when it comes back, disagrees with the TPG's opinion. This happens a lot. What can happen frequently is that the person whom sent the coin in will simply crack it out of the plastic holder and send it somewhere else hoping for an opinion that is closer to their own.</p><p><br /></p><p>So asking how accurate a TPG service is, is like asking the accuracy of a movie critic's opinion. They are all subjective and you either agree with their opinion or you don't. There is no way to measure the accuracy of a TPG unless you measure it to your own opinion.</p><p><br /></p><p>Right now, if you asked me how accurate the opinions of PCGS are, I'd say about 50%. But that's because I've had a few coins come back recently that I totally did not agree with. And that is my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="jtlee321, post: 2452814, member: 73983"]The question that the OP has asked is nearly impossible to answer. It's asking how often is someone's opinion wrong. It all depends on who you ask. The job of the TPG's is to give an educated estimate and opinion on the condition of a coin. Something that is very important when someone sells a coin to a buyer. The seller has skin in the game in that they want as much money as they can get for a specific coin. Whereas the buyer wants to buy the coin for as little money as possible. Since a coins condition typically is what dictates it's price, the dealer will sell the coin at grade X and the buyer will want to buy it at grade Y. Both have an opinion on the condition of the coin, both rarely coincide. The TPG is an outside opinion that typically both buyer and seller agree with. This then makes the transaction much easier between both buyer and seller, as someone else's opinion on the condition of the coin has made the deal seem fair. Now a person can send a coin to a TPG and when it comes back, disagrees with the TPG's opinion. This happens a lot. What can happen frequently is that the person whom sent the coin in will simply crack it out of the plastic holder and send it somewhere else hoping for an opinion that is closer to their own. So asking how accurate a TPG service is, is like asking the accuracy of a movie critic's opinion. They are all subjective and you either agree with their opinion or you don't. There is no way to measure the accuracy of a TPG unless you measure it to your own opinion. Right now, if you asked me how accurate the opinions of PCGS are, I'd say about 50%. But that's because I've had a few coins come back recently that I totally did not agree with. And that is my opinion.[/QUOTE]
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