There's an interesting item on page 5 of CoinWorld 6/23/08 about PCGS' new "Genuine Slab" for problem coins. They will consider authenticating certain damaged coins but they won't net grade them: "Some people value damage differently" "We'll let the market decide." --Ron Guth What a wonderful idea Mr. Guth! :bow: But now this is getting a bit confusing. If markets can put a value on damaged coins, why can't markets do the same for all coins? Couldn't the same markets look at an Unc coin simply authenticated but not graded and decide what it likes or doesn't like with eye appeal?
The coin market is based on the same principals as a commodities market, even though in reality it isn't one. Simply, it's a supply and demand thing. There's no less a market for all coins versus damaged, authenticated or raw coins, than there ever was. I don't think PCGS will have any effect whatsoever on the way people buy damaged or problem products. Guth is just trying to peddle yet another new sales pitch. Guy~
