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The "Peter Principle" for Slabbing Coins
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<p>[QUOTE="vavet, post: 401212, member: 11630"]Speedy,</p><p> </p><p>I think you have the carriage before the horse concerning market grading. The market doesn't demand that grading get sloppy just so they can have a coin that someone says is a certain grade. It's the market manipulators who start grading sloppy in order to satify the demand for a certain grade. What is supposed to happen when demand for a certain grade exceeds supply is a price adjustment for that grade.</p><p> </p><p>Whether one wants to call it changes in standards or changes in the application of standards makes little difference. It's just a play on simantics that doesn't deserve more that a one sentance explanation. In that sense, Bonedigger is right on target when he states that standards have changed. </p><p> </p><p>Actually either standards have changed (or the application thereof) or the alleged pros can't grade for squat because I personally know someone who made a living over a period of years cracking out Morgan Dollars and resubmitting for higher grades. He started doing that before eBay when he had to buy from dealers and than sell back to dealers, at times even the same dealer.</p><p> </p><p>The term market grading is nothing more than putting lipstick on a pig. If today's collector would stop looking at the label and start studying about their hobby, market grading would die of it's own stupidity.[/QUOTE]</p><p><br /></p>
[QUOTE="vavet, post: 401212, member: 11630"]Speedy, I think you have the carriage before the horse concerning market grading. The market doesn't demand that grading get sloppy just so they can have a coin that someone says is a certain grade. It's the market manipulators who start grading sloppy in order to satify the demand for a certain grade. What is supposed to happen when demand for a certain grade exceeds supply is a price adjustment for that grade. Whether one wants to call it changes in standards or changes in the application of standards makes little difference. It's just a play on simantics that doesn't deserve more that a one sentance explanation. In that sense, Bonedigger is right on target when he states that standards have changed. Actually either standards have changed (or the application thereof) or the alleged pros can't grade for squat because I personally know someone who made a living over a period of years cracking out Morgan Dollars and resubmitting for higher grades. He started doing that before eBay when he had to buy from dealers and than sell back to dealers, at times even the same dealer. The term market grading is nothing more than putting lipstick on a pig. If today's collector would stop looking at the label and start studying about their hobby, market grading would die of it's own stupidity.[/QUOTE]
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