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<p>[QUOTE="jolumoga, post: 26778331, member: 41780"]I think this is, in the numismatic world, a first-world problem so to speak. So I will agree that if you are very skilled as a grader, you don't need TPGs. But what about counterfeit coins that have led to thousands of dollars in losses? If I am ever going to spend more than $1,000 on a coin, you can bet it will be graded. It's the same if I decide to buy a sports card or poster for more than that amount. I want to make sure an expert has looked it over, with the knowledge that I lack the same skill in grading. To me, given the liquidity of the U.S. market - and again this is just my preference - it's fine if other countries use different standards of grading. Maybe this can be taken advantage of in arbitrage? Generally, and this is me being blunt, TPGs lead to increased prices for collectibles, because they give buyers more confidence, boosting liquidity. So we can be proud of our collections in the boonies somewhere, admiring our collections by ourselves, but I think if we are honest, we all take some pride in the value of our collections.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 26778331, member: 41780"]I think this is, in the numismatic world, a first-world problem so to speak. So I will agree that if you are very skilled as a grader, you don't need TPGs. But what about counterfeit coins that have led to thousands of dollars in losses? If I am ever going to spend more than $1,000 on a coin, you can bet it will be graded. It's the same if I decide to buy a sports card or poster for more than that amount. I want to make sure an expert has looked it over, with the knowledge that I lack the same skill in grading. To me, given the liquidity of the U.S. market - and again this is just my preference - it's fine if other countries use different standards of grading. Maybe this can be taken advantage of in arbitrage? Generally, and this is me being blunt, TPGs lead to increased prices for collectibles, because they give buyers more confidence, boosting liquidity. So we can be proud of our collections in the boonies somewhere, admiring our collections by ourselves, but I think if we are honest, we all take some pride in the value of our collections.[/QUOTE]
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