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Who is in favour of the 7 Point grading system?
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<p>[QUOTE="sylvester, post: 32180, member: 708"]Anything that eliminates numbers then i'm for it, never liked numbers, never liked maths.</p><p><br /></p><p>If switching to a 7 point grade system puts grading companies out of business, then i'm all the more for it. What are we waiting for switch now! Bye bye slabs! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>The one thing i hate most about the coin collecting sphere is what i'd call 'commercial consumerism', people cashing in and making money on the industry. Yes i realise dealers are making money, but some one has to sell you the coins. But i think third party grading, national mints cashing in on the hobby by producing countless forced commemoratives, commemorating pure drivel for the sake of the mint making money. Look at some of these commems and sets, available in about 3 or 4 different types of packaging, so that if you want the full set you have to get all the diffeent packaging, then there's the coins being struck in a wide variety of different alloys, gold versions, silver versions, proof versions, BU versions, VIP proof version with leather case, delux BU set with commem, delux without, delux in silver with, piedfort proof... the list of junk goes on and on.</p><p><br /></p><p>Well all that's for commercialism, likewise i think a 70 point grading system makes more fuss out of grade and $$$ of the coin, than the beauty and history of the coin. Who cares about the extra high grade as long as the coin looks nice and fits in with the rest in your set?</p><p><br /></p><p>I realise grading is something we have to live with unfortunately, but i'd rather have less than more. I depends it all comes down to whether you view yourself as a buyer or a seller.</p><p><br /></p><p>I am a buyer, when i buy a coin i don't give two hoots what it'll sell for later, i buy to keep, not to resell for a profit. If a VF coin fits in my set, and looks the part, in the set it goes.</p><p><br /></p><p>And i practice what i preach cos i will buy overpriced coins if it has the look and the history. Money comes, money goes, but there is one sure thing, you can't take any of it with you, so why worry about it? Buy the coins you like whilst you can, you can't buy them when you're dead no more than the money you saved will give you any pleasure. I once had a great great uncle who was tightfisted, scraped butter onto the bread and scrapped off more than he put on, he saved all his life, counted every penny, and when he died, my aunt inherited half of it and blew the whole lot in a month. The money he'd work so hard to protect and hoard for 90 years did him no good, he got no joy out of it.</p><p><br /></p><p><br /></p><p>So if you make a profit it's plus, if you overspend by $50 (like i just did), who cares? My monthly bus pass costs me $75 more than that and i get less fulfilment or joy out of it. So if a 70 point system drives up the prices (and it does), then why keep it? I'd rather have cheaper coins to buy.[/QUOTE]</p><p><br /></p>
[QUOTE="sylvester, post: 32180, member: 708"]Anything that eliminates numbers then i'm for it, never liked numbers, never liked maths. If switching to a 7 point grade system puts grading companies out of business, then i'm all the more for it. What are we waiting for switch now! Bye bye slabs! :D The one thing i hate most about the coin collecting sphere is what i'd call 'commercial consumerism', people cashing in and making money on the industry. Yes i realise dealers are making money, but some one has to sell you the coins. But i think third party grading, national mints cashing in on the hobby by producing countless forced commemoratives, commemorating pure drivel for the sake of the mint making money. Look at some of these commems and sets, available in about 3 or 4 different types of packaging, so that if you want the full set you have to get all the diffeent packaging, then there's the coins being struck in a wide variety of different alloys, gold versions, silver versions, proof versions, BU versions, VIP proof version with leather case, delux BU set with commem, delux without, delux in silver with, piedfort proof... the list of junk goes on and on. Well all that's for commercialism, likewise i think a 70 point grading system makes more fuss out of grade and $$$ of the coin, than the beauty and history of the coin. Who cares about the extra high grade as long as the coin looks nice and fits in with the rest in your set? I realise grading is something we have to live with unfortunately, but i'd rather have less than more. I depends it all comes down to whether you view yourself as a buyer or a seller. I am a buyer, when i buy a coin i don't give two hoots what it'll sell for later, i buy to keep, not to resell for a profit. If a VF coin fits in my set, and looks the part, in the set it goes. And i practice what i preach cos i will buy overpriced coins if it has the look and the history. Money comes, money goes, but there is one sure thing, you can't take any of it with you, so why worry about it? Buy the coins you like whilst you can, you can't buy them when you're dead no more than the money you saved will give you any pleasure. I once had a great great uncle who was tightfisted, scraped butter onto the bread and scrapped off more than he put on, he saved all his life, counted every penny, and when he died, my aunt inherited half of it and blew the whole lot in a month. The money he'd work so hard to protect and hoard for 90 years did him no good, he got no joy out of it. So if you make a profit it's plus, if you overspend by $50 (like i just did), who cares? My monthly bus pass costs me $75 more than that and i get less fulfilment or joy out of it. So if a 70 point system drives up the prices (and it does), then why keep it? I'd rather have cheaper coins to buy.[/QUOTE]
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Who is in favour of the 7 Point grading system?
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