Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Technical grading vs Market grading
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 293005, member: 112"]Mike that's like saying that people going to casinos is evidence that they will win. But the facts are that 97%-98% of the people lose.</p><p><br /></p><p>So if coins were upgraded all the time when re-submitted I would go along with you. But they aren't. Fact is, about 90% - 95% of all coins re-submitted are not upgraded, depending on which TPG is being used. Yes, that means that 5% of the coins are upgraded. But of that 5% how many were actually undergraded to begin with ?</p><p><br /></p><p>The point is this - they make mistakes, not that many but they make mistakes. They sometimes over-grade and they sometimes under-grade. But most of those mistakes are made with coins that are liners - which means they could go up or they could go down depending upon the decision made by the grader at the time. </p><p><br /></p><p>Given that, that is why the crackout game even exist. People love to gamble - just look at how successful casinos are. So they gamble with coins in the grading game. Yeah, they lose 95% or more of the time - just like in a casino. But just the possibility of winning - makes 'em try it one more time <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>So no, the crackout game isn't evidence of gradeflation - it's evidence that people love to gamble.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 293005, member: 112"]Mike that's like saying that people going to casinos is evidence that they will win. But the facts are that 97%-98% of the people lose. So if coins were upgraded all the time when re-submitted I would go along with you. But they aren't. Fact is, about 90% - 95% of all coins re-submitted are not upgraded, depending on which TPG is being used. Yes, that means that 5% of the coins are upgraded. But of that 5% how many were actually undergraded to begin with ? The point is this - they make mistakes, not that many but they make mistakes. They sometimes over-grade and they sometimes under-grade. But most of those mistakes are made with coins that are liners - which means they could go up or they could go down depending upon the decision made by the grader at the time. Given that, that is why the crackout game even exist. People love to gamble - just look at how successful casinos are. So they gamble with coins in the grading game. Yeah, they lose 95% or more of the time - just like in a casino. But just the possibility of winning - makes 'em try it one more time ;) So no, the crackout game isn't evidence of gradeflation - it's evidence that people love to gamble.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Technical grading vs Market grading
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...