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What percentage of coins are over-graded?
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<p>[QUOTE="John Burgess, post: 5124838, member: 105098"]now that this has been brought back from the dead I want to chime in.</p><p><br /></p><p>Grading is a subjective opinion, it's not gospel or fact, it's a 3rd parties opinion of a coin. And it's worth exactly that, their opinion. </p><p><br /></p><p>You might think it's undergraded, you might think it's overgraded, that's your opinion also, same goes for the coin dealer, owner, or seller of a coin, it's their opinion. </p><p>Even CAC is an opinion of an opinion, and a coin submitted to CAC that doesn't get a sticker, doesn't mean it's overgraded, it just means it's not in the higher end of the grade and not top quality for the grade,,,, again, in their opinion. The green sticker is above average for the grade on the slab, the gold sticker awarded is described as "a coin that would easily green sticker if it was slabbed as grade higher",,, a stunner for the grade that it is.</p><p><br /></p><p>Now overgraded, undergraded, in slabs or 2x2s, it's all an opinion, no different than before there was third party grading, there is a bit more "sense of security" with their opinion I suppose, but you still need to know what you are looking at and your own opinion of the coin and their asking price for it. It didn't make things easier really except to add a lot more confidence that tpg graded coins are genuine. the rest after that, is opinion.</p><p><br /></p><p>the saying "buy the coin, not the slab" just means you still need to know grading and look it over and decide if it's worth the asking price to you, or you want to offer lower and disagree with their grade and maybe they refuse. maybe you don't disagree with the grade and it looks top quality to you, but, you want it cheaper STILL.</p><p>This hasn't changed with the entry of 3rd party grading or the internet. a frugal buyer is going to study up, and they are still going to haggle over the price, just like buying anything else really. I mean, you wouldn't pay the sticker price on the window for a car, you'd haggle it down. Heck, I haggle discounts for TV, Fridge, repair work, pretty much anything that costs over $100, "come on, we can do better than this price, it can be gone or done today if you can discount it 20%". Maybe he comes back at 5%, or 10% we go back and forth, maybe he can't discount anything and I walk away and go somewhere else.</p><p><br /></p><p>I've haggled a 10% discount at McDonalds just to see if I could, the cashier froze up and didn't know what to do, but the manager was like, suuuure with a smile.... hahahha. </p><p>Anyways, Grading is still an opinion, and you as the buyer, your opinion still matters the most or you aren't buying, simple as that. Maybe overgrading is rampant, maybe undergrading is rampant, it's all opinion and I completely trust the opinion of someone I never met or barely know as being accurate....</p><p> ...not at all.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 5124838, member: 105098"]now that this has been brought back from the dead I want to chime in. Grading is a subjective opinion, it's not gospel or fact, it's a 3rd parties opinion of a coin. And it's worth exactly that, their opinion. You might think it's undergraded, you might think it's overgraded, that's your opinion also, same goes for the coin dealer, owner, or seller of a coin, it's their opinion. Even CAC is an opinion of an opinion, and a coin submitted to CAC that doesn't get a sticker, doesn't mean it's overgraded, it just means it's not in the higher end of the grade and not top quality for the grade,,,, again, in their opinion. The green sticker is above average for the grade on the slab, the gold sticker awarded is described as "a coin that would easily green sticker if it was slabbed as grade higher",,, a stunner for the grade that it is. Now overgraded, undergraded, in slabs or 2x2s, it's all an opinion, no different than before there was third party grading, there is a bit more "sense of security" with their opinion I suppose, but you still need to know what you are looking at and your own opinion of the coin and their asking price for it. It didn't make things easier really except to add a lot more confidence that tpg graded coins are genuine. the rest after that, is opinion. the saying "buy the coin, not the slab" just means you still need to know grading and look it over and decide if it's worth the asking price to you, or you want to offer lower and disagree with their grade and maybe they refuse. maybe you don't disagree with the grade and it looks top quality to you, but, you want it cheaper STILL. This hasn't changed with the entry of 3rd party grading or the internet. a frugal buyer is going to study up, and they are still going to haggle over the price, just like buying anything else really. I mean, you wouldn't pay the sticker price on the window for a car, you'd haggle it down. Heck, I haggle discounts for TV, Fridge, repair work, pretty much anything that costs over $100, "come on, we can do better than this price, it can be gone or done today if you can discount it 20%". Maybe he comes back at 5%, or 10% we go back and forth, maybe he can't discount anything and I walk away and go somewhere else. I've haggled a 10% discount at McDonalds just to see if I could, the cashier froze up and didn't know what to do, but the manager was like, suuuure with a smile.... hahahha. Anyways, Grading is still an opinion, and you as the buyer, your opinion still matters the most or you aren't buying, simple as that. Maybe overgrading is rampant, maybe undergrading is rampant, it's all opinion and I completely trust the opinion of someone I never met or barely know as being accurate.... ...not at all.[/QUOTE]
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