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The "Peter Principle" for Slabbing Coins
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<p>[QUOTE="Speedy, post: 401198, member: 705"]I think something that hasn't even been brought up....but should have been is Market Grading.</p><p>Both NGC and PCGS grade coins by the market--Market grading is made, changed, and updated by the market....by YOU and I. If the market says that a Buffalo Nickel can grade VF without a full horn then the grading companies say ok....if the market says that to grade VF the horn must be full then they would do that. </p><p>Demand is how all of this works--when YOU and I change our grading standers is when NGC and PCGS seem to go along.</p><p><br /></p><p>This is how any business works. In the business I co-own we look at what the market is wanting. I do nitch marketing....I go to people who work in that market and ask questions on how they want something to work....how they want stuff to work, etc. Then I go to someone else and ask the same thing. What comes out is something that is MARKET GRADED. The people who use my product like it better than any other on the market....because it was/is made FOR them BY them.</p><p><br /></p><p>It's not NGC and PCGS that has changed...it is the MARKET...in other words: You and I.</p><p><br /></p><p>Speedy[/QUOTE]</p><p><br /></p>
[QUOTE="Speedy, post: 401198, member: 705"]I think something that hasn't even been brought up....but should have been is Market Grading. Both NGC and PCGS grade coins by the market--Market grading is made, changed, and updated by the market....by YOU and I. If the market says that a Buffalo Nickel can grade VF without a full horn then the grading companies say ok....if the market says that to grade VF the horn must be full then they would do that. Demand is how all of this works--when YOU and I change our grading standers is when NGC and PCGS seem to go along. This is how any business works. In the business I co-own we look at what the market is wanting. I do nitch marketing....I go to people who work in that market and ask questions on how they want something to work....how they want stuff to work, etc. Then I go to someone else and ask the same thing. What comes out is something that is MARKET GRADED. The people who use my product like it better than any other on the market....because it was/is made FOR them BY them. It's not NGC and PCGS that has changed...it is the MARKET...in other words: You and I. Speedy[/QUOTE]
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The "Peter Principle" for Slabbing Coins
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