The "Peter Principle" for Slabbing Coins

Heck you even said so yourself once. It took me some time, but please pay particular attention to post #11. I would consider ANACS a Top Three TPG as would most everyone else here I believe.

http://www.cointalk.org/showthread.php?t=32005

Take Care
Ben

 

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Pls see post #21. It's happened in the past and will happen again when there is a shakeup in the management or boardroom of a large TPG. The bottom line is revenue for their investors, owners, or employees and that can't be made with (collectible coins) sitting in safes, deposit boxes, or cigar boxes.

In order to satisfy these requirements they (the coins) have to be submitted and resubmitted and resubmitted yet again until #1., the vanity of the coin owner is appeased or #2., they've run out of funds to pay for the services at which point (since one cannot eat plastic, etc.) the slabbed coin is sold to another collector where the process often repeats itself.


Take Care
Ben

 

Gee, If standards at the big wonderful two haven't changed, show me one of their VF 1924S Buffalo Nickels with a full horn.

PS. Do your homework before trying to claim the horn is weak because of the strike.

 

Brown and Dunn, Photograde, and the ANA grading standards until recently all state that VF Buffalos should have a full horn except for the very tip. If PCGS and NGC accept anything less, and they do, than the standards have changed.

Are you admitting that a VF 1924 S Buffalo Nickel doesn't have to have a full horn according to P&N?

 

Well, we will see what the future holds. Revenues at the (Top Two ) coming in are dropping and it's directly reflected in the companies stock value, particullary CLCT.

Smart business advice (one can pretty much guarantee the Board of Directors have discussed many drastic ideas) would be to adjust the standards so coins in old holders would be resubmitted en-masse in order to reflect these new standards. I actually foresee a 100 point grading standard in the not too distant future.

Take Care
Ben

 

you know that a 100 point grading standard already exists?

 

Or a 1-70.0,1,2,3,4,5,6,7,8,9 point decimal system like 65.3 or 65.8...

Take Care
Ben

 

Isn't this why the TPGs created the ms70 and pr70 grades and started handing out to moderns so they could charge tens and hundreds and thousands of percents on markups to the suckers, i mean collectors. Really who in their right mind is paying 50,000 for an ms70 2003 cent. I can still get a shiny unc one out of my change if i look hard enough. I mean sheesh, this is why they created registry sets, so you could say hey my unslabbed 1946 dimes looks better than that 1946 dime slabbed ms67, so I'll submit my dime in hopes of getting a ms68 so I can have the FINEST 1946 DIME. Great, awesome, I've got rolls full of unc 1946 dimes. The nicest looking one is in my collection. I feel no need to pay the 30-50 dollars to slab it and prove I've got the nicest one. Its still just a 1946 dime for cryin out loud. The same goes with all post WWII coinage. WHO CARES if you have the nicest coin, just be happy with what you collect. Don't let the TPGs continue to artificially inflate the coin market on the backs of supergraded bullion coins and moderns.

 

David Hall is also on record as saying that nobody could consistantly grade any finer than the 11 MS points. Of course he also runs ads that claim his coins are "high end" for the grade. It all depends on whether you believe David Hall or David Hall.

 

Hmmm, now I can hear the wagons circling...

Take Care
Ben

 

No need to circle the wagons. It's "no contest" when someone is trying to defend the indefensible.

 

That's probably going to happen. PCGS's sister company in the sports card game (PSA) has recently implemented "1/2" steps in grading sports cards. Formerly, you got a 1 to a 10. Well, now there is 7.5, 8.5, etc.

GUESS WHAT??? Everyone thinks their card was a "high end" 8, so they're resubmitting to try for the 8.5.

And I repeat, this is the same company (CLCT) as PCGS.

 

How can that be??? NGC or PCGS has never used B&D, Photograde or the ANA Grading Guide as their guideline. Both companies use their OWN set of standers and those don't say that such a coin has to have a full horn to get VF.

I disagree.

Speedy

 

It had to be around 30 years ago that I wrote a letter to one of the Numismatic publications in which I poked fun at the 11 Ms grades by suggesting that a decimal point be added to facilitate more accurate grading. Little did I know hmmmmmmm.

 

You may be right. P&N changed the accepted standards of the time to what they thought would generate more revenue. But the standards were changed, right?