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<p>[QUOTE="ecichlid, post: 629623, member: 19376"]<b>Leadfoot</b>, nothing you stated is incorrect, but it's not the point or counterpoint of the discussion we are having in this thread. The fact is that coins graded by NGC or PCGS carry a premium over raw coins. </p><p> </p><p><b>Mark Feld</b> hit it right on the head. Here's how I expect it to play out. I will use PCGS as the example, as they are the leading TPG as of today.</p><p> </p><p>1) PCGS will realize, if they already haven't, the problem. </p><p>2) PCGS will make an announcement that from a certain date forward, all graded coins will be photographed and the pictures will be uploaded to their website. Anyone will be able to enter a serial number and view a coin.</p><p>3) The slab will have a new element or a redesign in order to distinguish it from other PCGS slabs. (People may refer to these as photoslabs or something similar)</p><p>4) Grading fees will be increased in order to pay for the additional costs incurred by PCGS.</p><p>5) PCGS will also announce that all previously slabbed coins can be sent in for new slabs and the coins will be pictured on their website. This will be done for a fee and offered to the public as a "service" and not a shortcoming. To do so would mean admitting fault.</p><p>6) All PCGS slabs created before this process is announced will add no additional value to a raw coin. This includes all slabs PCGS has created since inception.</p><p> </p><p>I welcome you thoughts![/QUOTE]</p><p><br /></p>
[QUOTE="ecichlid, post: 629623, member: 19376"][B]Leadfoot[/B], nothing you stated is incorrect, but it's not the point or counterpoint of the discussion we are having in this thread. The fact is that coins graded by NGC or PCGS carry a premium over raw coins. [B]Mark Feld[/B] hit it right on the head. Here's how I expect it to play out. I will use PCGS as the example, as they are the leading TPG as of today. 1) PCGS will realize, if they already haven't, the problem. 2) PCGS will make an announcement that from a certain date forward, all graded coins will be photographed and the pictures will be uploaded to their website. Anyone will be able to enter a serial number and view a coin. 3) The slab will have a new element or a redesign in order to distinguish it from other PCGS slabs. (People may refer to these as photoslabs or something similar) 4) Grading fees will be increased in order to pay for the additional costs incurred by PCGS. 5) PCGS will also announce that all previously slabbed coins can be sent in for new slabs and the coins will be pictured on their website. This will be done for a fee and offered to the public as a "service" and not a shortcoming. To do so would mean admitting fault. 6) All PCGS slabs created before this process is announced will add no additional value to a raw coin. This includes all slabs PCGS has created since inception. I welcome you thoughts![/QUOTE]
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When a realistic counterfeit slab is created...
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