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The "Peter Principle" for Slabbing Coins
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<p>[QUOTE="mikenoodle, post: 401549, member: 307"]I was operating under the assumption that the accurate grade could be ascertained by someone with knowledge of the coin regardless of what a slab says. It may or may NOT be accurately graded by the TPG. I was hoping that the person looking at it was right and the TPG was overgradng it.</p><p><br /></p><p>My original point was that if the people continuously try to upgrade coins until they get a grade at which EVERYONE agrees is MAXED out for that particular coin and at which any FURTHER upgrade is unreasonable to try because of the risk of downgrade, then eventually ALL slabbed coins will be seen as overgraded, and people will once again have to learn to accurately grade for themselves instead of having to have a TPG tell them what the grade is.</p><p><br /></p><p>IIRC, the original purpose of the TPGs was to make for sight-unseen coin trading, and as we all know from eBay, etc. just because a coin is graded by a top-tier TPG, the chances of it ever being sold sight-unseen for typical money is slim.</p><p><br /></p><p>We have begun to see the cracks in the PCGS and NGC armor, the CAC sticker. The more people rely on it, the less the credibility of the top 2 will seem to carry in the marketplace.</p><p><br /></p><p>just my 2¢[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 401549, member: 307"]I was operating under the assumption that the accurate grade could be ascertained by someone with knowledge of the coin regardless of what a slab says. It may or may NOT be accurately graded by the TPG. I was hoping that the person looking at it was right and the TPG was overgradng it. My original point was that if the people continuously try to upgrade coins until they get a grade at which EVERYONE agrees is MAXED out for that particular coin and at which any FURTHER upgrade is unreasonable to try because of the risk of downgrade, then eventually ALL slabbed coins will be seen as overgraded, and people will once again have to learn to accurately grade for themselves instead of having to have a TPG tell them what the grade is. IIRC, the original purpose of the TPGs was to make for sight-unseen coin trading, and as we all know from eBay, etc. just because a coin is graded by a top-tier TPG, the chances of it ever being sold sight-unseen for typical money is slim. We have begun to see the cracks in the PCGS and NGC armor, the CAC sticker. The more people rely on it, the less the credibility of the top 2 will seem to carry in the marketplace. just my 2¢[/QUOTE]
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