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Unscrupulous grading by third party graders??
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<p>[QUOTE="funkee, post: 1815614, member: 37925"]I don't have concerns about PMG:</p><p><br /></p><p>- Their graders are forbidden from buying and selling currency, so they have no conflict of interest</p><p>- Two graders review each note, to ensure that there are no discrepancies</p><p><br /></p><p>Sure, you could bribe two graders, but you're not going to get a 60+ grade out of an XF note. The difference between 30 and 35, and 53 and 55 is arguable. But with grading standards known far and wide, any dramatic over-grade will be obvious and would harm the TPG tremendously in terms of future business. It will also hurt collectors and reduce the value of previously graded notes from that TPG.</p><p><br /></p><p>Just look at CGA. The very name still carries a stigma due to over-graded notes and seriously affects the resale value to this day, despite new ownership and grading standards. A CGA 67 might bring only as much as a PMG 64, and a PMG 67 would bring considerably more.</p><p><br /></p><p>Really, the truth of the matter is that you should buy the note, not the holder. The TPGs just facilitate transactions over the web, where you can't examine the note in hand. The numismatic community relies on their impartiality to buy, sell and trade. And buyers will pay a premium for the TPG's opinion. The TPG's reliability will determine that premium.</p><p><br /></p><p>I find it hard to believe any graders would take bribes, or that someone would think that a bribe could even work, considering the rather rigid standards. With the money you spend attempting to bribe a grader, you might as well just make a fradulent holder and label. Much easier and cheaper.</p><p><br /></p><p>I have a good opinion of PMG, PCGS and RCGS. They generally cross-grade without issue. CEC and CGA are shaky with me, and I generally avoid them unless I can examine the note myself.</p><p><br /></p><p>I'm not even going to mention CEC... the company where every note gets a 70. I'm sure if you bribed that guy, you might end up with one of these:</p><p><br /></p><p>[ATTACH=full]297236[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1815614, member: 37925"]I don't have concerns about PMG: - Their graders are forbidden from buying and selling currency, so they have no conflict of interest - Two graders review each note, to ensure that there are no discrepancies Sure, you could bribe two graders, but you're not going to get a 60+ grade out of an XF note. The difference between 30 and 35, and 53 and 55 is arguable. But with grading standards known far and wide, any dramatic over-grade will be obvious and would harm the TPG tremendously in terms of future business. It will also hurt collectors and reduce the value of previously graded notes from that TPG. Just look at CGA. The very name still carries a stigma due to over-graded notes and seriously affects the resale value to this day, despite new ownership and grading standards. A CGA 67 might bring only as much as a PMG 64, and a PMG 67 would bring considerably more. Really, the truth of the matter is that you should buy the note, not the holder. The TPGs just facilitate transactions over the web, where you can't examine the note in hand. The numismatic community relies on their impartiality to buy, sell and trade. And buyers will pay a premium for the TPG's opinion. The TPG's reliability will determine that premium. I find it hard to believe any graders would take bribes, or that someone would think that a bribe could even work, considering the rather rigid standards. With the money you spend attempting to bribe a grader, you might as well just make a fradulent holder and label. Much easier and cheaper. I have a good opinion of PMG, PCGS and RCGS. They generally cross-grade without issue. CEC and CGA are shaky with me, and I generally avoid them unless I can examine the note myself. I'm not even going to mention CEC... the company where every note gets a 70. I'm sure if you bribed that guy, you might end up with one of these: [ATTACH=full]297236[/ATTACH][/QUOTE]
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Unscrupulous grading by third party graders??
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