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<p>[QUOTE="ToughCOINS, post: 1885703, member: 20480"]First of all, do not misplace your confidence in coins offered by the major auction houses. I have seen absolutely horrible coins offered in TPG holders - badly overgraded, or problem coins without being so noted - bring all of the money because a couple of buyers have foregone honing their skills in favor of relying on the holders. The more the market embraces this mentailty, the more our skills will atrophy, and the greater our dependence will become upon the TPGs . . . talk about playing into their hands.</p><p> </p><p>Regarding dealers, there are definitely abuses in this industry, and we must strike a sensible balance between when we need to depend on our own skill, and when a TPG opinion is truly necessary. No coin buyer should be unable to grade . . . if someone wants to invest without being a collector, I encourage them to come back and see me after they've spent some time learning.</p><p> </p><p>As for avoiding uncertified coins over a certain value, that is understandable for the inexperienced collector, but I view that as potentially self-serving advice on the part of the experts, especially if addressed at the market at large . . . it can really undermine the confidence of those with decent grading ability, opening up more of the fresh-material-market to those most experienced dealers.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1885703, member: 20480"]First of all, do not misplace your confidence in coins offered by the major auction houses. I have seen absolutely horrible coins offered in TPG holders - badly overgraded, or problem coins without being so noted - bring all of the money because a couple of buyers have foregone honing their skills in favor of relying on the holders. The more the market embraces this mentailty, the more our skills will atrophy, and the greater our dependence will become upon the TPGs . . . talk about playing into their hands. Regarding dealers, there are definitely abuses in this industry, and we must strike a sensible balance between when we need to depend on our own skill, and when a TPG opinion is truly necessary. No coin buyer should be unable to grade . . . if someone wants to invest without being a collector, I encourage them to come back and see me after they've spent some time learning. As for avoiding uncertified coins over a certain value, that is understandable for the inexperienced collector, but I view that as potentially self-serving advice on the part of the experts, especially if addressed at the market at large . . . it can really undermine the confidence of those with decent grading ability, opening up more of the fresh-material-market to those most experienced dealers.[/QUOTE]
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