Message:

<p>[QUOTE=&quot;Conder101, post: 734246, member: 66&quot;]Those who have commented that a marginal coin may not be worth resubmitting, and definitely wouldn&#039;t be worth resubmitting multiple times are missing one thing.&nbsp; Who ever said the multiple submissions would come from the same person?</p><p><br /></p><p>Take that theoretical AU Indian.&nbsp; If he can get it bumped from AU to MS-61 there is a $70 upvalue potential.&nbsp; So he makes his $30 shot and fails.&nbsp; Takes has $30 lumps and sels it off to the next guy.&nbsp; This guy loks at that $70 possibility (and not knowing it has already been attempted) and takes his $30 shot and fails.&nbsp; Takes his lumps and sells it to the next guy.&nbsp; This keeps repeating, no one taking more than one shot at the upgrade until after say a dozen attempts it finally succeeds.&nbsp; Now it is overgraded in a holder so no one takes any further upgrade shots.&nbsp; But the service has been pais $360 so far in grading fees for this $230 coin.&nbsp; No one person in his right mind would have submitted that coins a dozen times, but a dozen people in THEIR right minds would and eventualy the coin winds up in a coffin.&nbsp; And this process keeps repeating for other coins as long as there is a fair to moderate, sometimes even just a slight chance, that the coin will upgrade.</p><p><br /></p><p>The services tell you they have graded millions and millions of coins.&nbsp; How many of those millions are repeats?&nbsp; Going by their figures roughly one out of every 7 PCGS slabs should be a rattler.&nbsp; Almost one out of every two should either be a old green label (1990 - 95) or a new green label (95 - 1999)&nbsp; Yet in the market I see a sea of blue labels and most of those being with the barcode on the front and no coin or series numbers, a figure which should be one in five slabs.&nbsp; There aren&#039;t 20 to 25 million PCGS slabs out there, it is the same 5 to 10 million coins being recycled, regraded, reholdered, crossed, crossed back</p><p><br /></p><p>And like Mark said, over time the overgrading becomes accepted, and the overgraded coins in the slabs DO become what the new &quot;standard&quot; is.&nbsp; We tell the newbies they need to learn to grade and the way to do it is to look at a lot of coins graded by the big boys. But if the standards have slipped what we are in effect telling them is to adopt these overgraded coins as the new standard.&nbsp; It then just sets things up for a new round of gradeflation.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in