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Was researching Capped Bust Halves on Heritage when I stumbled on this atrocity.
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<p>[QUOTE="GDJMSP, post: 3182636, member: 112"]Well that's the easy part in my eyes - it's simply the next step in their loosening of grading standards. </p><p><br /></p><p>Conder described the concept quite well. They start out gradually, loosening this, allowing that. Then they see if the public accepts it because it is the mighty PCGS doing it. And of course the public does. But each time they (PCGS) do it they stretch the envelope, push the limit, seeing just how far they can go and still get the public to accept it. This coin, it's merely the next step on the ladder.</p><p><br /></p><p>The bottom line is there is and always has been a finite number of coins to grade. And the only way they can keep submission numbers up is to keep extending what they will do. It's a pattern that they have been repeating for almost 15 years now.</p><p><br /></p><p>Eventually they will reach the end. At some point the public as a whole will simply begin rejecting what they are doing. It'll be just like it was back when the TPGs first started Mike, you were there so I'm sure you remember. The public was rejecting what dealers were doing in regard to grading, defining what was or was not a problem coin. It was that general sense of rejection that allowed the TPGs to come into existence. And when they did everything changed.</p><p><br /></p><p>So when that point arrives, again, and it will, they'll change again - and revert back to the way it should be. And all those coins in all those slabs, well they'll all have to be slabbed all over again. It's the only business model that allows them to stay in business.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3182636, member: 112"]Well that's the easy part in my eyes - it's simply the next step in their loosening of grading standards. Conder described the concept quite well. They start out gradually, loosening this, allowing that. Then they see if the public accepts it because it is the mighty PCGS doing it. And of course the public does. But each time they (PCGS) do it they stretch the envelope, push the limit, seeing just how far they can go and still get the public to accept it. This coin, it's merely the next step on the ladder. The bottom line is there is and always has been a finite number of coins to grade. And the only way they can keep submission numbers up is to keep extending what they will do. It's a pattern that they have been repeating for almost 15 years now. Eventually they will reach the end. At some point the public as a whole will simply begin rejecting what they are doing. It'll be just like it was back when the TPGs first started Mike, you were there so I'm sure you remember. The public was rejecting what dealers were doing in regard to grading, defining what was or was not a problem coin. It was that general sense of rejection that allowed the TPGs to come into existence. And when they did everything changed. So when that point arrives, again, and it will, they'll change again - and revert back to the way it should be. And all those coins in all those slabs, well they'll all have to be slabbed all over again. It's the only business model that allows them to stay in business.[/QUOTE]
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Was researching Capped Bust Halves on Heritage when I stumbled on this atrocity.
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